Endpoint Detection and Response (EDR) solutions allow organizations to monitor endpoint devices and detect potential threats in real-time. EDR solutions help enterprises to detect malware and other cyber threats, gather threat intelligence and improve incident response. EDR facilitates centralized detection and management of threats across endpoints, networks and applications.
The global Endpoint Detection and Response (EDR) Market is estimated to be valued at US$ 3951.89 Bn in 2023 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:
The growing demand for endpoint threat detection is one of the major trends propelling the growth of the EDR market. With the increasing instances of sophisticated cyber threats such as ransomware and phishing attacks, organizations are increasingly adopting EDR solutions to strengthen their security posture. EDR solutions empower organizations to detect threats at the endpoint level and take prompt action through centralized threat monitoring and investigation. The ability of EDR to integrate with existing security infrastructure also facilitates improved threat visibility. Solution providers are focusing on providing enhanced endpoint monitoring through machine learning and AI-powered threat detection capabilities. This is expected to drive wider adoption of EDR solutions over the forecast period.
Segment Analysis
The global Endpoint Detection and Response (EDR) market is dominated by the cloud based EDR sub segment that accounts for around 60% of the total market share. The cloud based EDR solution provides the advantages of easy deployment, minimal upfront investment and operating costs, seamless scalability, automatic updates and upgrades, unified management console and 24/7 monitoring. These advantages have increased its adoption rate among small and medium sized enterprises significantly.
Key Takeaways
The Global Endpoint Detection And Response (EDR) Market Size is expected to witness high growth during 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 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 to 2031.
Regional analysis shows that North America currently dominates the global EDR market with around 35% share due to high technology adoption rate and presence of major players in the region. The Asia Pacific region is expected to grow at the fastest rate during the forecast period due to increasing cyber security threats and rising digital transformation initiatives in countries like India and China.
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.
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