The Endpoint Detection and Response (EDR) Solutions Market was valued to reach USD 25.1 billion by 2025, and is projected to grow at CAGR 24% over forecast period 2020–2026. Increasing instances of enterprise endpoint targeted attacks and rising enterprise mobility trends across organizations are the key factors augmenting the market growth.
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As the demand for digital data rises, enterprises are constantly under increasing pressure to manage threats by a well-planned cyberattack. For instance, once a cyberattack gains potential in the customer environment, i.e. retail sites, the attacker can exploit most valuable resources and data within fraction of seconds. Therefore, security tools face several challenges while attempting to detect a planned cyberattack. On this backdrop, the market for EDR solutions is gaining a significant traction since the past few years. Major benefits and features of EDR have granted access to multiple markets. For instance, EDR specialized in focussing on detecting and investigating malicious activities on hosts and endpoints. The database for EDR stores and retrieves the details of endpoint and network nodes on a centralized server. This information is then used for detection, analysis and investigation as analytic tools.
Endpoint Detection and Response (EDR) Solutions Market Drivers:
Endpoint detection and response (EDR) solutions market is highly driven by rising importance for counter threat measures for rise in data breach incidences and demand for risk mitigation policies. In addition, the market also witness technological upgrade in the cyber-security and monitoring technologies. Policy implementation within IT landscape is fuelling the market growth and subsequently driving the market demand.