Endpoint Detection And Response Market Size (2024 - 2029)

Endpoint Detection And Response Market Analysis

The Endpoint Detection And Response Market size is estimated at USD 4.09 billion in 2024, and is expected to reach USD 12.39 billion by 2029, growing at a CAGR of 24.80% during the forecast period (2024-2029).

• The key drivers contributing to the increase in the adoption of data-intensive approaches and decisions with the growth include the increase in the number of cyber-attacks globally with the growing digitalization. Due to increasing data breaches worldwide, enterprises are increasingly adopting more decentralized and edge-based security techniques. This drives the demand for endpoint detection and response (EDR) solutions.
• The growth is mainly due to an increase in exponential endpoint devices, a continuously increasing & sophisticated nature of endpoint attacks and breaches, and a proportionally increasing demand for high-security solutions to combat endpoint attacks. In addition, the growth of the security endpoint market is supported by factors such as the advent of innovative technologies like IoT, Al, ML, and Big Data, among others, and IT risk mitigation in an increasingly complex regulatory environment with fast-changing legal frameworks.
• Enterprise mobility is an approach where employees can work from anywhere using various devices and applications. These devices can fit into the enterprise security infrastructure in various ways. There has been a double-digit growth in the number of endpoints, primarily owing to the rapidly increasing adoption of automation, which is a result of Industry 4.0, machine-to-machine communication, and the emergence of smart cities.
• The increasing adoption of BYOD trends in organizations has increased the influx of different laptops, desktops, and smartphones, which has created different endpoints vulnerable to attacks. Security measures on their own are not enough to stop them. The massive growth in the adoption of mobile devices worldwide is expected to create significant opportunities during the forecast period.
• Customers require a multi-layered approach to endpoint detection and response, incorporating tools that combine superior performance with low cost and centralized management. It also helps deliver threat protection across all endpoints, ensuring customer data is safe in a physical, virtual, or hybrid environment.

Endpoint Detection And Response Industry Segmentation

The global endpoint detection and response market is defined based on the revenues generated from the solutions and services used in various end-user industries across the globe. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the market in terms of drivers and restraints.

The endpoint detection and response market is segmented by component (solutions, services), deployment type (cloud-based and on-premise), solution type (workstations, mobile devices, servers, and point of sale terminals), organization size (small and medium enterprises((SMES)) and large enterprises), end-user industry (BFSI, IT and telecom, manufacturing, healthcare, and retail), and geography (North America (United States, Canada), Europe (Germany, United Kingdom, France, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), Middle East and Africa, and Latin America). The market size and forecasts are provided in terms of value (USD) for all the above segments.