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 Insights

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).

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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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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