Endpoint Detection and Response Global Market Report 2024

The endpoint detection and response market size has grown exponentially in recent years. It will grow from $3.98 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 27.2%. The expansion observed during the historical period can be attributed to several factors, including the escalating frequency and complexity of cyber threats, heightened adoption of endpoint security solutions prompted by remote work trends, regulatory compliance mandates propelling investments in cybersecurity, the surge in ransomware attacks and data breaches, and the proliferation of bring your own device (BYOD) policies within organizations.

The endpoint detection and response market size is expected to see exponential growth in the next few years. It will grow to $13.39 billion in 2028 at a compound annual growth rate (CAGR) of 27.5%. The anticipated growth in the forecast period can be attributed to several factors, including the ongoing escalation of cyber threats, such as ransomware and zero-day attacks, the expanding presence of Internet of Things (IoT) devices amplifying the attack surface, the adoption of zero trust security frameworks prioritizing endpoint security, rising demand for managed detection and response services, and the expansion of 5G networks heightening security concerns. Key trends expected in the forecast period encompass increased adoption of AI and machine learning technologies, a focus on zero trust architecture, integration with identity and access management (IAM) systems, and an emphasis on sharing threat intelligence.

The rising prevalence of electronic payments is poised to drive the expansion of the endpoint detection and response market in the foreseeable future. Electronic payments entail financial transactions conducted digitally using electronic devices, supplanting traditional cash or check-based methods. This upsurge in electronic payments can be credited to the widespread adoption of digital devices, the convenience and swiftness they offer for transactions, and the burgeoning e-commerce sector, which heightens the necessity for robust security measures in endpoint protection and response. Endpoint detection and response play a pivotal role in safeguarding electronic payments by identifying and addressing cyber threats targeting endpoint devices engaged in payment processing. For instance, in September 2023, as per UK Finance Limited, there was a notable increase in contactless payments in 2022, totaling $17 billion across both debit and credit cards, marking a 30% rise from the $13.1 billion recorded in 2021. Additionally, the average value of contactless payments surged in 2022, reaching $18.94 (£15.10), up from $15.88 (£12.66) in 2021. Hence, the heightened usage of electronic payments is propelling the growth of the endpoint detection and response market.

Prominent players in the endpoint detection and response market are concentrating on innovating technologies, such as advanced threat-hunting capabilities, to proactively detect and mitigate emerging cyber threats. Advanced threat-hunting capabilities encompass sophisticated methodologies and tools employed by cybersecurity experts to actively seek out and identify concealed or emerging threats within an organization's network and endpoints. For instance, in August 2022, Huntress Labs Inc., a Colombia-based cybersecurity firm, introduced new managed endpoint detection and response (EDR) capabilities via its innovative Process Insights feature. Leveraging advanced threat-hunting capabilities, backed by Huntress' global 24/7 threat-hunting team, this feature continuously monitors activities across thousands of applications running on laptops and servers. It facilitates swift detection, isolation, and remediation of active cyberattacks, enhancing visibility into endpoints and networks. This advancement bolsters Huntress' platform, furnishing robust protection against evolving cybersecurity threats for small and mid-sized businesses (SMBs).

In January 2022, Datto Inc., a US-based provider of security and cloud-based software solutions, acquired Infocyte Inc. for an undisclosed sum. This acquisition is geared towards enriching Datto's cybersecurity offerings by integrating Infocyte's expertise in endpoint detection and response (EDR) and managed detection and response (MDR) services. Infocyte Inc. is a US-based provider of endpoint detection and response (EDR) services.

Major companies operating in the endpoint detection and response market are Intel Corporation, Cisco Systems Inc., Broadcom Inc., VMware Inc., Palo Alto Networks Inc., OpenText Corporation, Fortinet Inc., McAfee Corporation, CrowdStrike Inc., FireEye Inc., RSA Security, Arctic Wolf Networks Inc., Optiv Security Inc., Bitdefender Ltd, SentinelOne Inc., Cybereason Inc., Digital Guardian, Huntress Labs Inc., Deep Instinct, Cynet, Sophos Ltd., SecPod Technologies, Aiuken Cybersecurity, ESET spol. s r.o.

North America was the largest region in the endpoint detection and response market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endpoint detection and response market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the endpoint detection and response market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Endpoint detection and response (EDR) is a cybersecurity technology aimed at identifying and investigating suspicious activities, threats, and security incidents on endpoint devices. It furnishes organizations with real-time visibility into endpoint behavior, empowering proactive threat detection and swift response to effectively mitigate risks.

The primary components of endpoint detection and response encompass both solutions and services. Solutions encompass software or hardware products tailored to address specific organizational needs or challenges. These solutions can be deployed either on cloud-based or on-premise platforms and find utility across small and medium enterprises as well as large enterprises. They cater to a variety of end-user industries, including banking, financial services, and insurance (BFSI), information technology and telecommunication, manufacturing, healthcare, retail, and others.

The endpoint detection and response market research report is one of a series of new reports that provides endpoint detection and response market statistics, including endpoint detection and response industry global market size, regional shares, competitors with a endpoint detection and response market share, detailed endpoint detection and response market segments, market trends and opportunities, and any further data you may need to thrive in the endpoint detection and response industry. This endpoint detection and response market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The endpoint detection and response market consists of revenues earned by entities by providing services such as data collection and analysis, threat detection, and incident response. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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