Report ID: SQMIG45A2390
Report ID:
SQMIG45A2390 |
Region:
Global |
Published Date: December, 2024
Pages:
187
|
Tables:
144 |
Figures:
74
Endpoint Detection and Response Market size was valued at USD 4.48 Billion in 2023 and is poised to grow from USD 5.6 Billion in 2024 to USD 26.52 Billion by 2032, growing at a CAGR of 24.9% during the forecast period (2025-2032).
Endpoint detection and response refers to a cybersecurity solution focused on securing endpoints such as laptops and mobile devices connected on a network. The growing incidence of cyberattacks emerging from endpoint security weaknesses is projected to primarily augment the demand for endpoint detection and response over the coming years. Rising sophistication of these cyberattacks, growing popularity of remote work trend, high adoption of bring your own device (BYOD) trend, and imposition of stringent security regulations for endpoints are some key factors that are estimated to drive market development in the future. Use of artificial intelligence and other advanced technologies presents a multitude of new opportunities for all market players in the long run. On the contrary, challenges in integration, lack of skilled cybersecurity professionals, and data privacy concerns are estimated to impede the adoption of endpoint detection and response in the long run.
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Report ID: SQMIG45A2390