Globally, the adoption of EDR solutions is rising exponentially, due to the incessantly rising competitive rivalry among market participants across various industry sectors. Intel Security - McAfee (U.S.), Cisco Systems, Inc. (U.S.), RSA Security (U.S.), FireEye, Inc. (U.S.), Guidance Software, Inc. (U.S.), Carbon Black, Inc. (U.S.), Digital Guardian (U.S.), Tripwire, Inc. (U.S.), Symantec Corporation (U.S.), and CrowdStrike, Inc. (U.S.) are the key vendors offering EDR solutions across the globThe major growth drivers of the Endpoint Detection and Response market include the need to mitigate IT security risks and increasing instances of enterprise endpoint-targeted attacks, coupled with the surge in demand from Small and Medium-sized Enterprises (SMEs), owing to the rise in the adoption of hosted EDR solutions.
Endpoint Detection and Response (EDR) solutions and services help enterprises to be protected from advanced threats such as malwares, ransomwares, and advanced persistent threats. EDR solutions combine the capabilities of machine learning detection, big data behavioral analytics, and artificial intelligence to provide advanced protection. EDR solutions and services provide visibility on all endpoints by real-time monitoring and after receiving information from endpoint perform threat analysis for immediate threat remediation. Such solutions offer threat detection and remediation across different enforcement points such as workstations, mobile devices, servers, point of sale terminals marketing, and kiosks. An increasing demand from large enterprises and Small and Medium Enterprises (SMEs) across various industry verticals has boosted the demand for EDR solutions and services. The global EDR market size is estimated to grow from USD 749.0 million in 2016 to USD 2,285.4 million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 25.0%.
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EDR solutions are majorly applied across key enforcement points such as workstations, mobile devices, servers, point of sale terminals marketing, and kiosks. The mobile devices enforcement point segment is expected to grow at the highest CAGR during the forecast period. Rise in Bring Your Own Device (BYOD) trend, extensive usage of mobile devices in the Banking, Financial Services, and Insurance (BFSI) vertical, and advanced threats targeting mobile devices are boosting the growth of the EDR market over the forecast period. The workstations segment holds a major share of the EDR market in 2016, owing to the wide-scaled adoption across various industry verticals. Moreover, companies are offering solutions that are tailored specifically to the organization’s requirements, further proliferating its demand.
The services segment is estimated to grow at the highest CAGR during the forecast period. The EDR services market is segmented across two major types: professional services and managed services. These services allow easy implementation of EDR solution across the enterprise. Moreover, services such as training and education, along with maintenance and support, allow for seamless operation of EDR solutions. The consulting services segment is expected to grow at the highest CAGR, while the implementation services segment holds a major share of the EDR services market in 2016.
Large-scale adoption of EDR solutions and services is helping organizations to achieve high availability, confidentiality, and integrity of data in endpoints, along with high impact response time of business operations. The on-premises deployment mode holds a major share of the market in 2016, while the hybrid deployment is expected to grow at the highest CAGR over the forecast period, as hybrid deployment keeps the enterprise data in the enterprises itself, thereby reducing threats.
Large enterprises across various industry verticals hold a major share of the market, in terms of adoption of EDR solutions. However, increased adoption of BYOD and mobile devices for business operations has led to a surge in the adoption of EDR solutions and services across SMEs, making it grow at a higher CAGR over the forecast period.
The EDR market expects a rapid growth in various regions across the globe. APAC is expected to grow at the highest CAGR during the forecast period, due to the growing need of EDR solutions for safeguarding against malwares, ransomwares, and advanced persistent threats. North America is expected to contribute the largest market share in the overall EDR market, due to the proliferation of demand from enterprises that are proactive in the adoption of innovative technologies and security concerns from advanced threats.
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