Global Endpoint Detection and Response Market

Endpoint Detection and Response Market Size, Share, Growth Analysis, By Organization Size (Large Enterprises, Small and Medium Enterprises), By Deployment Mode (Cloud, On-premises), By Endpoint Device Network Devices & Servers, Mobile Devices), By Region -Industry Forecast 2024-2031

Report ID: SQMIG45A2365 | Region: Global | Published Date: November, 2024
Pages: 187 | Tables: 144 | Figures: 74

Endpoint Detection and Response Market News

  • In October 2024, VIPRE Security Group, a leading name in the cybersecurity business announced the launch of a new VIPRE Endpoint EDR+MDR package. The package provides managed detection and response (MDR) services to users whilst also offering round-the-clock endpoint protection for all organizations.
  • In May 2023, Acronis, a renowned cybersecurity software company headquartered in Switzerland announced the general availability of its new endpoint detection and response offering. Acronis Advanced Security + Endpoint Detection & Response (EDR) was launched for Acronis Cyber Protect Cloud to provide a more simplified and streamlined cybersecurity workflow with advanced features and capabilities.
  • In April 2023, Lookout, a leading name in the endpoint to cloud security business announced the launch of Lookout Mobile Endpoint Security for managed security service providers (MSSPs). This solution can help organizations handle their remote work devices to reduce their vulnerability to cyberattacks.
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FAQs

Global Endpoint Detection and Response Market size was valued at USD 3.58 Billion in 2022 and is poised to grow from USD 4.48 Billion in 2023 to USD 21.23 Billion by 2031, at a CAGR of 24.9% during the forecast period (2024-2031).

To address the increasingly complex cybersecurity landscape, endpoint detection and response market players need to innovate and launch new offerings. Collaborations and partnerships will be crucial strategies for companies looking to enhance their global endpoint detection and response market presence. Investing in the integration of advanced technologies such as artificial intelligence and machine learning could also offer lucrative returns for all endpoint detection and response market players in the long run. 'Symantec Corporation', 'RSA Security LLC.', 'ESET', 'Kaspersky', 'Microsoft Corporation', 'Cisco Systems, Inc.', 'McAfee, LLC', 'Bitdefender', 'Broadcom Inc.', 'FireEye', 'Fortinet', 'Palo Alto Networks Inc.', 'Carbon Black Inc.', 'Intel Corporation', 'Trend Micro Incorporated', 'Crowdstrike Inc.'

Cyberattacks and data breaches are becoming increasingly common and more advanced. These complex types of cyberattacks and data breaches require advanced security measures thereby promoting the demand for endpoint detection and response systems as they provide real-time monitoring, detection, and response capabilities, allowing businesses to quickly identify and mitigate threats across their endpoints.

Extended Detection and Response (XDR): Endpoint detection and response companies should focus on opting for an Extended Detection and Response (XDR) approach as it covers all aspects of cybersecurity such as network, devices, cloud, and email under a single solution. This holistic approach to cybersecurity can help endpoint detection and response companies maximize their business scope and stand out from the competition in the long run.

Quick adoption of advanced security technologies by organizations in North America allows it to emerge as the leading market on a global level. The growing popularity of the bring your own device (BYOD) trend and rising incidence of sophisticated cyberattacks and data breaches are also expected to create new business scope for endpoint detection and response providers operating in this region. The United States is forecasted to emerge as the top market for endpoint detection and response companies in North America owing to the presence of a strong regulatory framework promoting the use of advanced security measures to maintain data privacy and security.

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Global Endpoint Detection and Response Market

Report ID: SQMIG45A2365

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