Endpoint Detection And Response (EDR) Market Size, Share & Trends Analysis Report By Solution (Software, Service), By Endpoint Device, By Deployment, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2023 - 2030

Endpoint Detection And Response Market Growth & Trends

The global endpoint detection and response market size is expected to reach USD 16.89 billion by 2030, expanding at a CAGR of 24.9% from 2023 to 2030, according to a recent report by Grand View Research, Inc. The market for endpoint detection and response (EDR) is expected to continue its growth in the coming years due to the increasing adoption of servers, network devices, and mobile devices in the workplace and the need to secure and manage them.

Furthermore, the growing demand for cloud-based EDR solutions across BFSI and IT & telecom industries has fueled the demand for the market. Moreover, the ongoing trend of Bring Your Own Device (BYOD) has led to an increase in the number of personal devices that need to be managed and secured within an organization.

EDR solutions use innovative threat intelligence, machine learning, and behavioral analysis algorithms that detect threats and suspicious activities leading to security breaches. These solutions are designed to detect real-time potential threats on endpoint devices such as servers, memory devices, mobile devices, and other point-of-sale devices, thereby helping the organization enhance its security posture through the rapid response capability.

As more organizations adopt BYOD policies or provide employees with company-owned devices, the demand for EDR solutions is expected to continue to grow, boosting the endpoint detection & response (EDR) market growth. Moreover, the COVID-19 pandemic has impacted the work culture globally, compelling offices to adopt a work-from-home environment, where the need for EDR solutions has increased, in order to secure and manage employee devices outside the organization's network perimeter.

However, the high costs of implementation, operation, and maintenance of EDR solutions among small- & medium-sized enterprises are anticipated to hamper the market growth. The cost of implementing EDR solutions varies, depending on the size of the enterprise, endpoint devices, and the pricing model of the vendor. Additionally, these solutions require additional hardware and software components that further enhance the overall deployment cost.

To overcome this challenge, many vendors have started deploying cloud-based EDR solutions, which are considered a cost-effective alternative to on-premise solutions and can be purchased on a subscription basis model. This helps the customer to realize substantial cost savings, thus driving their adoption.

Endpoint Detection And Response Market Report Highlights

• The services segment is anticipated to observe the highest CAGR of 25.8% during the forecast period. The increasing adoption of managed services to overcome the pressure on internal IT teams to manage and secure devices such as servers, mobile devices, and network devices within organizations is expected to propel the growth of the segment
• The point-of-sale segment is anticipated to observe a CAGR of 26.9% during the forecast period. EDR solutions are becoming increasingly important for managing financial abnormalities, thereby protecting them from cybercriminals targeting to steal financial data
• The cloud segment is projected to expand at a CAGR of 26.3% during the forecast period. Cloud-based EDR solutions offer a secure, convenient, and cost-effective way for enterprises to secure and manage their endpoint devices. They provide a variety of benefits that can help enterprises enhance their efficiency and productivity while protecting their crucial data
• The small and medium-sized enterprises (SMEs) segment is anticipated to expand at a CAGR of 25.6% during the forecast period. SMEs are increasingly adopting EDR solutions, driven by the growing use of endpoint devices in the workplace and the need for improved security and device management
• The retail and e-commerce segment is anticipated to advance at the highest CAGR of 28.3% during the projection period. Retailers have increasingly adopted EDR solutions to streamline financial management, increase security, and improve productivity
• Asia Pacific region is expected to expand at the fastest growth rate of 27.2% from 2023 to 2030, owing to the increasing rate of cybercrimes in emerging economies such as India and China. The region is also home to many small and medium-sized enterprises (SMEs) that are adopting EDR solutions to manage and secure their mobile device

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