Endpoint Detection and Response (EDR) Market, By Component (Solutions and Services), By Deployment Type (Cloud - based and On - premise), By Solution Type (Work Stations, Mobile Devices, Servers, and Point of Sale Terminals), By Organization Size (Small and Medium Enterprises and Large Enterprises), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) -

Published In : Feb 2023

Code : CMI5564

Pages :158

Formats :

Excel and PDF

Industry : Information and Communication Technology

Endpoint Detection and Response (EDR) MarketSize and Trends

The global endpoint detection and response (EDR) market size was valued at USD 2,720 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 26.12% from 2023 to 2030. This rise is attributed to the rising demand for IT security solutions, which are primarily used for preventing malware attacks, viruses, and other forms of threats. Moreover, the growing need for enhancing endpoint detection and response processes is projected to further bolster the demand for EDR solutions in the coming years.

Figure 1: Global Endpoint Detection and Response (EDR) Market Share (%), By Region, 2023

Global Endpoint Detection and Response (EDR) Market Trends:

Growing demand for EDR due to rise in targeted attacks against large organization is a recent trend

Large organizations in various industries are facing increased targeted attacks. These attacks include initial scraping of data or reconnaissance and are carried out through brute-force password spraying or leakage, as well as a good amount of automation. Threat actors are using these methods to put minimum effort to get maximum returns, based on the personally identifiable information (PII) exfiltrated and the organization. Thus, demand for endpoint detection and response solutions is increasing significantly among large organizations. This trend is expected to grow in the market during the forecast period.

Need for EDR solutions in healthcare industry is a growing trend

Healthcare industry has been witnessing digitalization in recent years. In past two decades the industry has evolved and has become a digitalized sector. Storing healthcare record has become digital process containing private data. With continuous adoption of novel technologies in healthcare industry, cyber threats are on the rise. This is owing to the risk of exploitation of vulnerabilities, as due to unauthorized access to insurance and personal health data can cause drastic ramifications, inflicting huge financial and personal losses. Thus, need for EDR solutions is increasing in healthcare industry, and this trend is expected to propel growth of the market in the coming future.