by Endpoint detection and response (EDR) solutions have become imperative for enterprises as they provide continuous monitoring and visibility across heterogeneous endpoints including PCs, servers, mobile devices, and Internet of Things (IoT) devices. EDR solutions offer threat detection, investigation, response, and remediation against even the most advanced persistent threats and targeted attacks.
The global Endpoint Detection and Response (EDR) Market is estimated to be valued at US$ 3430.46 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The growth of cloud and bring your own device (BYOD) trend has propelled the adoption of EDR solutions across industries. With enterprises embracing flexible work models and allowing employees to access organizational data and systems using personal devices, the attack surface for cybercriminals has widened tremendously. EDR solutions provide comprehensive visibility into network activity and user behavior across endpoints irrespective of their location or ownership. They can detect advanced threats lurking within compromised devices and immediately respond by isolating and remediating infiltrated endpoints. With cloud adoption growing exponentially and BYOD becoming mainstream, EDR has emerged as a necessity for enterprises to strengthen their overall cybersecurity posture and protect confidential data from internal and external threats.
SWOT Analysis
Strength: EDR solutions provide comprehensive visibility into the entire endpoint activity along with faster detection and response against advanced threats.
Weakness: High implementation and maintenance costs of EDR solutions restrict their adoption among small and medium enterprises.
Opportunity: Growing instances of ransomware and phishing attacks are encouraging more organizations to adopt endpoint security solutions like EDR.
Threats: Lack of skilled security professionals impedes the effective usage of capabilities offered by EDR solutions.
Key Takeaways
The global Endpoint Detection And Response (EDR) Market is expected to witness high growth.
Regional Analysis: North America is currently the largest market for EDR solutions owing to heightened security spending among organizations from verticals such as government, BFSI and healthcare to detect endpoint threats. The Asia Pacific region is expected to be the fastest growing market for EDR during the forecast period supported by increasing cyber attacks on enterprises based out of countries like China, India and Japan.
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€TMs 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. Central focuses on providing top-level care and personalized medicine solutions. Nephron focuses on pharmaceutical outsourcing, compounding services, and drug development.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
