Endpoint Detection and Response (EDR) Market is anticipated to project robust growth with a CAGR of 22.98% through 2029

Rising Cybersecurity Threats, Mobile Device Proliferation, and AI & Machine Learning Integration are the factors propelling the market growth throughout the forecast period

According to TechSci Research report, “Endpoint Detection and Response (EDR) Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”.  Global Endpoint Detection and Response (EDR) Market was valued at USD 3.29 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 22.98% through 2029. The Global Endpoint Detection and Response (EDR) market presents numerous opportunities driven by the increasing frequency and sophistication of cyber threats. As organizations continue to digitize their operations, the need for advanced security solutions to protect sensitive data and critical infrastructure has never been greater. This urgency is propelling businesses to invest in EDR technologies that offer real-time threat detection, automated responses, and comprehensive monitoring capabilities. The rise of remote work and the proliferation of Internet of Things (IoT) devices further amplify this demand, as traditional security measures often fail to adequately safeguard endpoints in diverse environments.

Regulatory pressures surrounding data protection and privacy are creating fertile ground for EDR adoption. With stringent regulations such as GDPR and CCPA mandating robust cybersecurity practices, organizations are increasingly seeking solutions that ensure compliance while enhancing their overall security posture. The integration of artificial intelligence and machine learning into EDR solutions is also presenting new opportunities for innovation, allowing vendors to differentiate their offerings by providing more effective and adaptive threat detection. As awareness of cybersecurity risks grows, the EDR market is poised for substantial expansion, driven by both technological advancements and the pressing need for enhanced security measures across various industries.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on " Global Endpoint Detection and Response (EDR) Market.”

Based on Deployment Type, On-premise segment dominated the Endpoint Detection and Response (EDR) Market in 2023, propelled by several key factors that underscore its significance in addressing cybersecurity challenges across various industries and organizations. On-premise deployment of EDR solutions involves installing and managing the software within an organization's own infrastructure, providing greater control, customization, and visibility over security operations. 

One of the primary drivers of the dominance of the on-premise segment is the heightened need for data security and control. Organizations, particularly those in regulated industries such as finance, healthcare, and government, have stringent requirements for protecting sensitive data and ensuring compliance with industry regulations and privacy laws. On-premise EDR solutions allow organizations to maintain direct control over their security infrastructure, data storage, and monitoring processes, enabling them to implement customized security policies and configurations tailored to their specific needs and regulatory obligations. The perceived security benefits and trust associated with on-premise deployments drive their preference among organizations seeking robust cybersecurity solutions. On-premise EDR solutions offer greater assurance of data privacy and integrity by keeping sensitive information within the organization's own environment, minimizing the risk of exposure to external threats and unauthorized access. This level of control and oversight is particularly appealing to organizations with highly sensitive data or strict confidentiality requirements, such as government agencies, defense contractors, and enterprises handling proprietary intellectual property.

The performance and scalability advantages of on-premise EDR solutions contribute to their dominance in the market. By deploying EDR software directly on local servers or endpoints, organizations can leverage the full processing power and resources of their infrastructure, optimizing performance and response times for threat detection and mitigation. This capability is especially critical in environments with high data volumes, complex network architectures, or stringent latency requirements, where real-time detection and response to cyber threats are essential. Perceived cost-effectiveness and long-term value proposition of on-premise deployments drive their adoption among organizations looking to maximize their cybersecurity investments. While on-premise solutions may require higher upfront capital expenditure for hardware and software licenses, they offer greater control over ongoing operational costs and scalability compared to cloud-based alternatives. Organizations can avoid recurring subscription fees, data transfer costs, and vendor lock-in associated with cloud deployments, leading to potential cost savings over the long term.

The on-premise segment is expected to dominate the Endpoint Detection and Response (EDR) market due to its advantages in data security, control, customization, performance, and cost-effectiveness. As organizations prioritize cybersecurity and regulatory compliance, on-premise EDR solutions emerge as preferred options for protecting sensitive data, mitigating cyber threats, and maintaining visibility and control over security operations.

Key market players in the Global Endpoint Detection and Response (EDR) Market are following: -

• Cisco Systems Inc.
• CrowdStrike, Inc.
• Broadcom Inc.
• Cybereason Inc.
• Deep Instinct Ltd.
• Fortra, LLC
• FireEye, Inc.
• OpenText Corporation
• McAfee, LLC

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“In 2023, the Asia Pacific region emerged as a leader in the global Endpoint Detection and Response (EDR) market, driven by rising cybersecurity threats and increased investment in digital transformation. This growth reflects a heightened focus on proactive threat detection and incident response capabilities among organizations. As businesses prioritize cybersecurity, the trend is expected to continue, further solidifying the region's dominance in EDR solutions”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

"Endpoint Detection and Response (EDR) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Component (Solutions and 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, and Large Enterprises), End-User Industry (BFSI, IT and Telecom, Manufacturing, Healthcare, Retail, Other), By Region, By Competition 2019-2029F", has evaluated the future growth potential of Global Endpoint Detection and Response (EDR) Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Endpoint Detection and Response (EDR) Market.

Contact

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +1-332-258-6602

Email: [email protected]

Website: www.techsciresearch.com