$7.44 Billion Worldwide Endpoint Detection and Response Industry to 2027 - Technological Advancements, Such as the Integration of Advanced Behavioral Analysis and Machine Learning are Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Oct 31, 2022--

The "Endpoint Detection and Response Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global endpoint detection and response market reached a value of US$ 2.12 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 7.44 Billion by 2027, exhibiting a CAGR of 23.27% during 2021-2027.

Companies Mentioned

• Broadcom Inc.
• Cisco Systems Inc.
• CrowdStrike Inc.
• Cybereason
• HelpSystems LLC
• Microsoft Corporation
• OpenText Corporation
• Palo Alto Networks Inc.
• RSA Security LLC
• SentinelOne
• Sophos Ltd.
• Trend Micro Incorporated

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Endpoint detection and response (EDR) is an integrated endpoint security solution that provides protection against hacking attempts and stealing user data. It offers various features, such as network access control, threat protection, data loss prevention, and data classification.

It is widely used to collect, analyze, and monitor data activity from endpoints that indicate a threat. EDR assists organizations in ensuring a faster response time and understanding the chain of attack, thereby protecting the system against advanced forms of malware and credential theft. It also provides incident data search and investigation, advanced support to the data storage systems, threat hunting, data exploration, and suspicious activity detection.

As a result, it finds extensive application across various industries, such as healthcare, information technology (IT), and banking, financial services, and insurance (BFSI).

The increasing need for improved incident response timing across various industry verticals due to the rising instances of security breaches and cyber threats are majorly driving the growth of the market. Moreover, various technological advancements, such as the integration of advanced behavioral analysis and machine learning (ML), to enhance the process of identifying suspicious files and malware and prevent data loss, are providing an impetus to the market growth.

Additionally, rapid digitization of the healthcare sector has led an increasing volume of healthcare data, which has further led to the widespread adoption of EDR across the sector. This, in confluence with the rising need to provide quality medical services, is acting as another major growth-inducing factor. Other factors, including the implementation of various government initiatives to provide innovative cybersecurity solutions, are creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global endpoint detection and response market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, solution type, deployment mode, organization size and end use industry.

Breakup by Component:

• Solutions
• Services

Breakup by Solution Type:

• Workstations
• Mobile Devices
• Servers
• Point of Sale Terminals

Breakup by Deployment Mode:

• On-premises
• Cloud-based

Breakup by Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises

Breakup by End Use Industry:

• BFSI
• IT and Telecom
• Manufacturing
• Healthcare
• Retail
• Others

Breakup by Region:

North America

• United States
• Canada

Asia-Pacific

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others

Europe

• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others

Latin America

• Brazil
• Mexico
• Others
• Middle East and Africa

Key Questions Answered in This Report:

• How has the global endpoint detection and response market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global endpoint detection and response market?
• What are the key regional markets?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the solution type?
• What is the breakup of the market based on the deployment mode?
• What is the breakup of the market based on the organization size?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global endpoint detection and response market and who are the key players?
• What is the degree of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/4ew3yh

View source version on businesswire.com:https://www.businesswire.com/news/home/20221031005523/en/

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KEYWORD:

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY DATA MANAGEMENT SECURITY

SOURCE: Research and Markets

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