Market Challenges And Opportunities

Global Endpoint Detection and Response (EDR) Market Drivers:

Growing expansion of enterprise mobility to fuel growth of the market

Enterprise mobility enables employees to remote working from any location with the use of different devices and applications. These devices can be fit into the security infrastructure of the enterprise in different ways. With bring your own device policies, companies are putting a light management footprint on end user devices to trade off a lower level enterprise integration, and lower risk in order to get a less intrusive presence. Use of enterprise mobility solutions allows businesses to explore modern technology, along with this, it offers various advantages that any business can benefit from. Thus, this in turn creates demand for endpoint detection and response solutions as well, which is expected to drive growth of the global endpoint detection and response (EDR) market over the forecast period.

Rise in adoption of Bring Your Own Device (BYOD) and growing remote working to augment market pace

The adoption of BYOD model is increasing all over the world, as it enables use of personal devices for performing work duties. With this model, employees can be fully responsible to select, maintain, support, and secure their personal device that is also utilized for work purposes. Most of the times smaller business having limited resources and lesser or no corporate control use this BYOD model. This however is helpful for employees and also inexpensive for employers. Along with this, after the Covid-19 pandemic, several organizations are adopting hybrid or complete work from home module, which creates security gaps. This is further creating strong demand for endpoint detection and response solutions in organization, which is anticipated to support growth of the market in the coming future.

Global Endpoint Detection and Response (EDR) Market Opportunities:

Increasing adoption of software-defined data center (SDDC) is anticipated to offer growth opportunities in the global endpoint detection and response (EDR) market over the forecast period. Enterprises across the world are obtaining benefits from SDDC for its security, automation, business agility, and simplified data center management. The availability of wide range of smart devices to end users is increasing due to growth of BYOD. This has further increase endpoints, which is in turn has put endpoint security under more threat. Thus, the market for endpoint security and response is witnessing several opportunities.

Moreover, growing adoption of remote work is likely to create lucrative environment for growth opportunities in the global endpoint detection and response (EDR) market over the forecast period. With rise in adoption of remote work, along with security gaps economic pressure to perform on large and small businesses is increasing. Thus, several companies are providing customers and employees with security solutions and best practices to improve security of their PCs, in order for them to stay focused on serving their needs or end-customers. This is in turn creating several growth opportunities in the global endpoint detection and response (EDR) market.

Global Endpoint Detection and Response (EDR) Market Restraints:

High cost of innovations to impede growth of the market

Consumers need a multi-layered approach to endpoint detection and response that incorporate tools combining superior performance with centralized and low cost management. It also helps to deliver threat protection in all endpoints, which ensures the safety of consumer data, whether it is run in a virtual, physical, or hybrid environment. However, cost of EDR innovations is higher, due to which it is not being adopted in emerging and underdeveloped regions. This in turn is expected to hinder growth of the global endpoint detection and response (EDR) market over the forecast period. However, market players are involved in development of solutions that are cost effective, which is likely to support the market growth.

Lack of protection for mobile devices to obstruct growth of the market

Endpoint detection and response solutions are falling short of offering protection for mobile devices. Manual investigation and longtime of detection is one of the factors lacking for protecting mobile devices. Mobile security solutions are effective depending on the time taken to offer an accurate verdict on a threat and for creating and implementing protections in the organization. The time required for identifying a breach with EDR is long due to which it needs human investigation. Thus, these factors impede adoption of endpoint detection and response solutions, which is expected restrict growth of the global endpoint detection and response (EDR) market over the forecast period.