Global Endpoint Detection And Response Market 2024 - Business Opportunities, Industry Growth, Regional Analysis And Forecast To 2033
The endpoint detection and
response global market report 2024 from The Business Research Company provides
comprehensive market statistics, including global market size, regional shares,
competitor market share, detailed segments, trends, and opportunities. This
report offers an in-depth analysis of current and future industry scenarios,
delivering a complete perspective for thriving in the industrial automation
software market.
Endpoint Detection And Response
Market, 2024 report by The Business Research Company offers comprehensive
insights into the current state of the market and highlights future growth
opportunities.
Market Size -
The endpoint detection and
response market size has grown exponentially in recent years. It will grow from
$3.98 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate
(CAGR) of 27.2%. The growth in the
historic period can be attributed to the increasing frequency and
sophistication of cyber threats, growing adoption of endpoint security
solutions due to remote work trends, regulatory compliance requirements driving
investment in cybersecurity, rise in ransomware attacks and data breaches, and
expansion of bring your device (BYOD) policies in organizations.
The endpoint detection and
response market size is expected to see exponential growth in the next few
years. It will grow to $13.39 billion in 2028 at a compound annual growth rate
(CAGR) of 27.5%. The growth in the
forecast period can be attributed to the continued escalation of cyber threats,
including ransomware and zero-day attacks, the proliferation of the Internet of
Things (IoT) devices increasing the attack surface, adoption of zero trust
security frameworks emphasizing endpoint security, increasing demand for
managed detection and response services, and expansion of 5G networks leading
to heightened security concerns. Major trends in the forecast period include
increased adoption of AI and machine learning, focus on zero trust
architecture, integration with identity and access management (IAM), and focus
on threat intelligence sharing.
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Scope Of Endpoint Detection And
Response Market
The Business Research Company's
reports encompass a wide range of information, including:
1. Market Size (Historic and
Forecast): Analysis of the market's historical performance and projections for
future growth.
2. Drivers: Examination of the key
factors propelling market growth.
3. Trends: Identification of
emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the
market into its primary segments and their respective performance.
5. Focus Regions and Geographies:
Insight into the most critical regions and geographical areas influencing the
market.
6. Macro Economic Factors:
Assessment of broader economic elements impacting the market.
Endpoint Detection And Response
Market Overview
Major Driver Impacting Market
Growth –
The increasing use of electronic
payments is expected to propel the endpoint detection and response market going
forward. Electronic payments are monetary transactions conducted electronically
using digital devices rather than traditional cash or checks. The surge in
electronic payments can be attributed to the adoption of digital devices, the
convenience and speed of transactions, and the rise of e-commerce, fueling
demand for security measures in endpoint protection and response. Endpoint
detection and response are crucial to safeguarding electronic payments by
detecting and responding to cyber threats targeting endpoint devices involved
in payment processing. For instance, in September 2023, according to UK Finance
Limited, a UK-based trade association for the UK banking and financial services
sector, there were $17 billion in contactless payments across both debit and
credit cards in 2022, marking a 30% increase from the $13.1 billion made in
2021. Furthermore, the average value of contactless payments continued to rise
in 2022, reaching $ 18.94 (£15.10), up from $15.88 (£12.66) in 2021. Therefore,
the increased use of electronic payments is driving the growth of the endpoint
detection and response market.
Market Trends -
Major companies operating in the
endpoint detection and response market focus on developing innovative
technologies, such as advanced threat-hunting capabilities, to identify and
mitigate emerging cyber threats proactively. Advanced threat-hunting capabilities
encompass sophisticated techniques and tools cybersecurity professionals use to
proactively seek out and identify hidden or emerging threats within an
organization's network and endpoints. For instance, in August 2022, Huntress
Labs Inc., a Colombia-based cybersecurity company, launched new managed
endpoint detection and response (EDR) capabilities through its innovative
Process Insights feature. This feature uses advanced threat-hunting
capabilities, backed by Huntress' global 24/7 threat-hunting team, to
continuously monitor activity from thousands of applications running on laptops
and servers. It enables swift identification, isolation, and remediation of
active cyberattacks, providing increased visibility into endpoints and
networks. This innovation enhances Huntress' platform, offering adequate
protection against evolving cybersecurity threats for small and mid-sized
businesses (SMBs).
The endpoint detection and
response market covered in this report is segmented –
1) By Component: Solutions,
Services
2) By Deployment Type:
Cloud-Based, On-Premise
3) By Organization Size:
Small And Medium Enterprises, Large Enterprises
4) By End User Industry:
Banking, Financial Services, And Insurance (BFSI), Information Technology And
Telecommunication, Manufacturing, Healthcare, Retail, Other End-User Industries
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Regional Insights -
North America was the largest
region in the endpoint detection and response market in 2023. Asia-Pacific is
expected to be the fastest-growing region in the forecast period. The regions
covered in the endpoint detection and response market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Major companies operating in the
endpoint detection and response market are
Intel Corporation, Cisco Systems Inc., Broadcom Inc., VMware Inc., Palo
Alto Networks Inc., OpenText Corporation, Fortinet Inc., McAfee Corporation,
CrowdStrike Inc., FireEye Inc., RSA Security, Arctic Wolf Networks Inc., Optiv
Security Inc., Bitdefender Ltd, SentinelOne Inc., Cybereason Inc., Digital
Guardian, Huntress Labs Inc. , Deep Instinct, Cynet, Sophos Ltd., SecPod
Technologies, Aiuken Cybersecurity, ESET spol. s r.o.
Table of Contents
1. Executive Summary
2. Endpoint Detection And Response
Market Report Structure
3. Endpoint Detection And Response
Market Trends And Strategies
4. Endpoint Detection And Response
Market – Macro Economic Scenario
5. Endpoint Detection And Response
Market Size And Growth
…..
27. Endpoint Detection And
Response Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential
Analysis
30. Appendix
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