by Endpoint detection and response (EDR) solutions provide visibility and control over endpoints and help organizations secure their environments against advanced cyber threats and zero-day attacks. EDR solutions allow organizations to gain deeper insights into threats across workstations, endpoints, and servers by collecting and analyzing endpoint event data in real-time. They monitor endpoints for suspicious or malicious activity and provide automated response capabilities to quarantine threats. With growing sophistication of cyberattacks and rise in phishing attempts and targeted ransomware attacks, adoption of EDR solutions is increasing among enterprises to strengthen their security posture and detect threats before they cause any damage.
The global Endpoint Detection and Response (EDR) Market is estimated to be valued at US$ 3951.89 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rise in cybercrimes has been a major trend shaping the demand for EDR solutions. Cybercriminals are increasingly leveraging advanced techniques such as fileless malware attacks, living-off-the-land techniques, and supply chain compromises to evade detection from traditional antivirus and firewall solutions. The frequency and impact of ransomware attacks targeting organizations across industries have surged significantly over the past few years. EDR solutions provide enhanced endpoint visibility and aid in early detection of even the most sophisticated fileless and living-off-the-land attacks. Their real-time event monitoring and automated response capabilities help organizations minimize damage from security breaches. As cyberattacks continue to evolve in complexity, adoption of EDR is surging among enterprises as a next-generation solution to strengthen security posture and reduce breach costs.
SWOT Analysis
Strength: EDR solutions provide organizations with advanced threat detection capabilities through behavioral analysis and continuous monitoring of endpoints. This helps enhance security posture and detect even unknown threats.
Weakness: High implementation and maintenance costs of EDR solutions restricts adoption by small and medium enterprises. Lack of skilled cybersecurity personnel also poses challenges in fully utilizing capabilities of these solutions.
Opportunity: Growing instances of ransomware and targeted cyberattacks drive demand for advanced endpoint security. Increasing digital transformation and remote working trends also create need for strengthened endpoint protection using EDR.
Threats: Free and open source endpoint security alternatives limit market scope for EDR vendors. Integration issues with existing security tools of some organizations act as a roadblock in EDR adoption.
Key Takeaways
The Global Endpoint Detection And Response (EDR) Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. The global Endpoint Detection and Response (EDR) Market is estimated to be valued at US$ 3951.89 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2031.
The adoption of EDR solutions is highest in North America owing to stringent data privacy regulations like HIPAA and GDPR enforced in the region. Furthermore, increasing frequency of cyber-attacks on critical infrastructure and enterprises has accelerated implementation of next-generation cybersecurity solutions in North America. Asia Pacific market is growing at fastest pace as countries rapidly digitize their operations and aim to provide safe and secure digital services to citizens and businesses. Countries like China, India, and Japan are promoting local EDR vendors while improving overall cybersecurity posture through regulations and policies.
Key players operating in the Endpoint Detection and Response (EDR) market are Central Admixture Pharmacy Services, Inc., Nephron Pharmaceuticals Corporation, QuVa Pharma, Olympia Pharmacy, ASP Cares, Fagron Compounding Pharmacies, Athenex, Inc., Avella Specialty Pharmacy, Atlas Pharmaceuticals, Empower Pharmacy, Carie Boyd’s Prescription Shop, Edge Pharma, Imprimis NJOF, LLC, IntegraDose Compounding Services, LLC, Wells Pharma of Houston, LLC, US Compounding Inc., SCA Pharma, and Vertisis Custom Pharmacy. The market is highly fragmented with presence of numerous global and regional players. Key vendors are focusing on product development and partnerships with managed security service providers to expand their customer base.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
