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Endpoint Detection and Response Market Growing at a CAGR 25.0% | Key Player Cisco Systems, RSA Security, Fireeye, Guidance Software, Carbon Black

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Endpoint Detection and Response Market Growing at a CAGR 25.0% | Key Player Cisco Systems, RSA Security, Fireeye, Guidance Software, Carbon Black

April 02
13:59 2021
Endpoint Detection and Response Market Growing at a CAGR 25.0% | Key Player Cisco Systems, RSA Security, Fireeye, Guidance Software, Carbon Black

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.).
Endpoint Detection and Response Market by Component (Solution and Service), Enforcement Point (Workstations, Mobile Devices, Servers, POS Terminals), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2021

MarketsandMarkets estimates the Endpoint Detection and Response Market size to grow from USD 749.0 Million in 2016 to USD 2,285.4 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 25.0%. Increasing number of SMEs emerging across the untapped developing economies such as China, India, and Brazil from the APAC region backed by a growing penetration of IT services in the APAC region drives the demand for EDR solutions and services.

The mobile devices enforcement point segment to play a key role in the EDR market

The mobile devices enforcement point segment is projected to grow at the highest CAGR during the forecast period. Due to digital revolution and the rise in usage of mobile devices, the level of threats on mobile endpoints has increased. Rise in BYOD and increased usage of mobile devices in the BFSI sector are triggering the growth of the Endpoint Detection and Response Market. Mobile devices connected to the enterprise network can be subject to threats and vulnerabilities, which can cause loss in millions to the enterprises.

The workstations enforcement point segment is expected to have the largest market share and dominate the EDR market from 2016 to 2021, due to growing instances of advanced threats on workstations.

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The Banking, Financial Services, and Insurance (BFSI) vertical is expected to grow at the highest CAGR in the EDR market

The BFSI industry vertical is expected to contribute the largest market share in the EDR market, due to increasing digitization in banking operations and rise in the number of government regulations on banking and financial transactions. The BFSI sector is expected to grow at the highest CAGR from 2016 to 2021, in the EDR market, due to the technological proliferation of banking and financial processes. Adoption of EDR solutions brings advanced protection from threats without affecting the operational efficiency, thus driving the demand.

Endpoint Detection and Response (EDR) solutions and services help to safeguard endpoints from advanced cyber security threats. The ever-changing threat landscape requires stringent EDR solutions and services, which provide both signature-less detection and signature-based detection. The rising need to mitigate IT security risks and threats such as malware, ransomware, and Advanced Persistent Threats (APTs) requires strong endpoint security solutions and services. Furthermore, globalization of industries and increase in instances of enterprise endpoint-targeted attacks have challenged business endpoint security for special protection against threats.

The key players in the EDR market include 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.). These players have adopted various strategies such as partnerships, agreements, mergers & acquisitions, and new product developments to achieve growth in the global EDR market.

The EDR market witnessed a lot of partnerships, agreements, and collaborations by key players from 2014 to 2016. In October 2016, Symantec Corporation partnered with VMware, a global cloud and mobility leader, to collaborate endpoint management and threat security capabilities. In October 2016, Carbon Black partnered with IBM, an American multinational technology company, to deliver a new technology that will help enterprises patch quickly and detect and remediate vulnerabilities. In September 2016, Guidance Software partnered with Atos, an IT services corporation, to provide service-based solutions to customers to help identify, detect, and remediate threats. In August 2016, CrowdStrike and VirusTotal, a free online scan service company, collaborated to integrate CrowdStrike Falcon machine learning engine and VirusTotal’s malware scanning service.

The key players also adopted the strategy of mergers and acquisitions to increase their geographic presence and expand their product portfolio in untapped markets. In August 2016, Symantec acquired Blue Coat Systems, an advanced web security solutions to enhance its capabilities in advanced network, cloud security, and endpoint protection solutions. In August 2016, Cisco acquired CloudLock, Inc., a privately held cloud security company, to provide stronger visibility, compliance, and threat protection to its customers. In July 2016, Carbon Black acquired Confer, a leading antivirus company, to deliver enhanced endpoint detection solutions. In January 2016, FireEye acquired iSIGHT Partners, a global threat intelligence leader, to create the most advanced private cyber threat intelligence operation in the world. Moreover, in October 2015, Digital Guardian acquired Code Green Networks, a provider data loss prevention solution, to enhance its security on endpoint, network, and on-cloud.

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The major players also launched new products & offerings to strengthen their product portfolio and expand their offerings to newer clients. In November 2016, Symantec Corporation launched Symantec Endpoint Protection 14, with machine learning threat detection and memory exploit mitigation capabilities. In November 2016, FireEye launched FireEye Helix, a platform that integrates and automates security features in organizations. In August 2016, Tripwire launched its latest version of IP360 that provides advanced vulnerability assessment across networks. Moreover, in July 2016, Guidance Software launched EnCase Endpoint Security version 5.13 to provide real-time monitoring, advanced investigation to identify endpoint suspicious activities, and to provide quicker incident response management.

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