Endpoint Detection And Response Market Size

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.
• COVID-19 has caused significant disruption to business on a global scale and accelerated the growth of cyber criminal activities in private and government enterprises supported by digital transformation. The increase in cyber-attacks during the pandemic has created an opportunity for endpoint detection and response solutions due to their application in minimizing the cyber risks and fueled the market during and in the post-pandemic period.