0

Endpoint Detection and Response Market Expected to Reach $18.3 Billion by 2031—Allied Market Research

 
2022
Endpoint Detection and Response Market

Report Code : A16635

quote The Endpoint detection and response market trends in Asia-Pacific is expected to exhibit the highest growth during the forecast period. Rise in use of cloud-based endpoint detection and responses for safety and security reasons in Asia-Pacific is expected to provide lucrative growth opportunities for the market in the future. Moreover, technological environment in Asian countries is expanding, particularly in sectors such as healthcare and BFSI. Governments in the region are continuously emphasizing on investing in IT operations for various industries, allowing businesses to adopt new solutions and services to streamline their business operations. Such emerging practices drive growth of the market quote

Vineet Kumar - Manager
ICT and Media at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Endpoint Detection and Response Market," The endpoint detection and response market was valued at $1.9 billion in 2021, and is estimated to reach $18.3 billion by 2031, growing at a CAGR of 25.3% from 2022 to 2031. 

As the popularity of cloud-based operations develops, easily hackable cloud databases continue to be a weak point for businesses, ranging from basic misconfiguration concerns to vulnerabilities in hardware chips. Furthermore, numerous technologies are publicly available that allow potential attackers to locate misconfigured cloud infrastructure on the internet. As a result, it is critical for businesses to implement robust security solutions. Furthermore, robust endpoint detection and response (EDR) are critical in dealing with such issues.

On the basis of organization size, the large enterprises dominated the overall Endpoint detection and response industry in 2021 and is expected to continue this trend during the forecast period. In large organization, there is an increase in adoption of endpoint detection and response, owing to rise in complexity, cyber risks, threat in business process and need of easy process, which leads to high competition across industries. Furthermore, large enterprises are integrating their large volume of data in the cloud to augment their speed, accuracy, and value chain scalability, which is opportunistic for the market growth. However, the SMEs is expected to witness the highest Endpoint detection and response market growth in the upcoming year. Owing to increase in number of SMEs in developing economies in Asia-Pacific including China, Japan, and India. Adoption of endpoint detection and response is expected to increase to optimize business capabilities of small & medium sized enterprises. Moreover, continuous rise in number of government initiatives through various digital SME campaigns throughout the world fuels growth of the market.

Depending on industry vertical, the IT & telecom sector dominated the Endpoint Detection and Response Market Share in 2021 and is expected to continue this trend during the forecast period. This industry is witnessing a rapid growth, owing to increasing use of mobile devices among individuals. This provides numerous opportunities to the industry. In addition, business process moves toward digitization and technology initiatives motivated by the global pandemic, the need for business agility, which provides lucrative growth opportunities for the endpoint detection and response market in this vertical. However, retail sector is expected to witness the highest growth in the upcoming year. The EDR solution provide the flexible and secure workplace and protect from any malware function in retail sector. Due to such reason, cloud-based endpoint detection and response are getting more popularity in this sector, which provide the lucrative growth opportunities for the market.

Endpoint Detection and Response Market Size was valued at $2,413.32 million in 2022, and is projected to reach $18,317.02 million by 2031, registering a CAGR of 25.3%. The current estimation of 2031, it projected to be higher than pre-COVID-19 estimates. Governments and businesses are increasingly asking employees to work from home or are shifting work to employees in less affected areas to maintain business continuity during the pandemic. However, the situation has accelerated the adoption of advanced technologies such as AI powered solution, automation, big data and analytics to control costs while improving the customer experience. Furthermore, organizations may transform unstructured and semi-structured data into structured and relevant data, owing to the advent of big data and analytics. This data can be used by businesses to help enterprises speed up data management, process & analyze data, and improve efficiency of business operations. In addition, artificial intelligence (AI) integration aids in extraction of new insights from existing data to improve credit decisions, financial risk management, and cyber-attacks. As a result, growth in requirement to modernize business operations is expected to propel the endpoint detection and response (EDR) market growth globally during the Endpoint Detection and Response Market Forecast.

KEY FINDINGS OF THE STUDY

  • By component, the solution segment dominated the Endpoint Detection and Response Industry in 2021. However, the services segment is expected to exhibit significant growth during the forecast period.
  • On the basis of deployment mode, the on-premises segment dominated the endpoint detection and response market in 2021. However, the cloud segment is expected to witness the highest growth rate during the forecast period.
  • Depending on organizational size, the large enterprises generated the highest revenue in 2021. However, the SMEs segment is expected to witness the highest growth rate in the near future.
  • Depending on industry vertical, the IT & telecom industry generated the highest revenue in 2021. However, the retail industry is expected to witness the highest growth rate in the near future.
  • Region-wise, the endpoint detection and response market was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.

This report gives an in-depth profile of some key market players in the endpoint detection and response market, include Carbon Black Inc., Cisco Systems, Inc., Crowdstrike Inc., Intel Corporation, McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc., RSA Security LLC., Symantec Corporation, and Trend Micro Incorporated. This study includes market trends, Endpoint Detection and Response Market Analysis, and future estimations to determine the imminent investment pockets.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Endpoint Detection and Response Market by Component (Solution, Services), by Deployment Mode (On-Premises, Cloud), by Organization size (Large Enterprises, SMEs), by Enforcement Point (Workstations, Mobile devices, Servers, Point of sale terminals), by Industry Vertical (BFSI, Retail, Healthcare, Manufacturing, Government and Public Sector, IT and Telecom, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Dec 2024

Dump Truck Market

Download Sample
rep-img

Published Date Nov 2024

Alloys Market

Download Sample

Buy Full Version
"Endpoint Detection and Response Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers