USD 2.4 billion
Report ID:
SQMIG45A2390 |
Region:
Global |
Published Date: December, 2024
Pages:
187
|Tables:
0
|Figures:
0
Global Endpoint Detection and Response Market size was valued at USD 2.4 billion in 2022 and is poised to grow from USD 3.2 billion in 2023 to USD 17.4 billion by 2031, growing at a CAGR of 23.6% during the forecast period (2024-2031).
Endpoint detection and response refers to a cybersecurity solution focused on securing endpoints such as laptops and mobile devices connected on a network. The growing incidence of cyberattacks emerging from endpoint security weaknesses is projected to primarily augment the demand for endpoint detection and response over the coming years. Rising sophistication of these cyberattacks, growing popularity of remote work trend, high adoption of bring your own device (BYOD) trend, and imposition of stringent security regulations for endpoints are some key factors that are estimated to drive market development in the future. Use of artificial intelligence and other advanced technologies presents a multitude of new opportunities for all market players in the long run. On the contrary, challenges in integration, lack of skilled cybersecurity professionals, and data privacy concerns are estimated to impede the adoption of endpoint detection and response in the long run.
Global Market Size
USD 2.4 billion
Largest Segment
Cloud-based
Fastest Growth
On-premises
Growth Rate
23.6% CAGR
To get more reports on the above market click here to Buy The Report
Global Endpoint Detection and Response Market is segmented by Solution, Endpoint Devices, Size, Deployment, Vertical and Region. Based on Solution, the market is segmented into Software and Services. Based on Endpoint Devices, the market is segmented into Network Device and Servers, Mobile Devices, Point of Sale Devices, others. Based on Size, the market is segmented into SMEs, Large enterprises. Based on Deployment, the market is segmented into On Premises, Cloud. Based on Vertical, the market is segmented into BFSI, IT and Telecom, Government, Energy and Power, Retail, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Deployment Mode
Cloud-based endpoint detection and response is forecasted to account for a dominant share of the global endpoint detection and response market. The easy access and affordable nature of cloud-based endpoint detection and response solutions has allowed them to gain massive popularity among all types of organizations around the world thereby helping this segment hold sway over others. Increasing acceptance and adoption of cloud technologies is also a key factor helping this segment maintain its high market share. Companies can save their infrastructure costs by opting for cloud-based endpoint detection and response systems and invest the saved amount to further enhance their cybersecurity going forward.
Meanwhile, the demand for on-premises endpoint detection and response is slated to increase at a stellar CAGR over the coming years. Growing need for organizations to control their security end-to-end to avoid any possibility of vulnerability is projected to help this segment generate new opportunities for endpoint detection and response companies in the future. Even though these types of solutions are more expensive as compared to their cloud-based counterparts, large enterprises are willing to spend more for that added bit of sense of security offered by on-premises endpoint detection and response solutions.
Analysis by Organization Size
The demand for endpoint detection and response from large enterprises is projected to account for a dominant share of the global endpoint detection and response market. Increasing willingness of large organizations to spend more on cybersecurity and growing awareness regarding the benefits of endpoint detection and response adoption in the same allows them to bring in the most revenue for market players. Enhanced productivity and efficiency due to adoption of endpoint detection and response solutions by large enterprises is also helping this segment maintain its dominant stance across the forecast period. High number of endpoint devices in large enterprises are making endpoint detection and response an essential in this segment.
On the other hand, small and medium enterprises (SMEs) are forecasted to witness a robust hike in endpoint detection and response demand going forward. The rising availability of affordable cloud-based endpoint detection and response solutions and services is the prime factor making this segment a highly opportune one for market players in the future. Increasing number of cybercriminals focusing their attacks on SMEs is also pushing them to opt for endpoint detection and response solutions to safeguard their networks and data thereby creating new revenue generation opportunities for market players in the long run.
To get detailed analysis on other segments, Request For Free Sample Report
Quick adoption of advanced security technologies by organizations in North America allows it to emerge as the leading market on a global level. The growing popularity of the bring your own device (BYOD) trend and rising incidence of sophisticated cyberattacks and data breaches are also expected to create new business scope for endpoint detection and response providers operating in this region. The United States is forecasted to emerge as the top market for endpoint detection and response companies in North America owing to the presence of a strong regulatory framework promoting the use of advanced security measures to maintain data privacy and security.
Asia-Pacific is forecasted to emerge as the fastest-expanding market in the world for endpoint detection and response companies. Growing digital transformation, rising use of multiple endpoint devices, and growing number of remote workers in this region are helping bolster the demand for endpoint detection and response in the Asia Pacific region. The growing number of small and medium tech companies in this region will also create new business scope for endpoint detection and response providers in the long run. China, India, and Japan are slated to be the key markets for any market player looking to establish a presence in this region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Endpoint Detection and Response Market Drivers
Growing Sophistication of Cyberattacks
Growing Number of Remote Workers
Endpoint Detection and Response Market Restraints
Challenges in Integration
Dearth of Cybersecurity Professionals
Request Free Customization of this report to help us to meet your business objectives.
To address the increasingly complex cybersecurity landscape, endpoint detection and response market players need to innovate and launch new offerings. Collaborations and partnerships will be crucial strategies for companies looking to enhance their global endpoint detection and response market presence. Investing in the integration of advanced technologies such as artificial intelligence and machine learning could also offer lucrative returns for all endpoint detection and response market players in the long run.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing prevalence of cyberattacks and rising popularity of the remote work trend are slated to be prime factors driving the demand for endpoint detection and response. However, challenges in integration and dearth of skilled cybersecurity professionals are slated to slow down endpoint detection and response market growth in the future. North America is slated to emerge as the dominant market owing to quick adoption of advanced technologies and rising emphasis on security enhancement. In organizations. Adoption of zero trust security models will generate new opportunities for endpoint detection and response providers.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.4 billion |
Market size value in 2031 | USD 17.4 billion |
Growth Rate | 23.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Endpoint Detection and Response Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Endpoint Detection and Response Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Endpoint Detection and Response Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Endpoint Detection and Response Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2390
sales@skyquestt.com
USA +1 351-333-4748