Cloud Edr Is Estimated To Witness High Growth
SWOT Analysis
Strength: EDR solutions provide advanced threat detection, visibility and response capabilities. They offer real-time endpoint monitoring and protection against fileless and unknown threats. The automated response features reduce investigation and remediation time.
Weakness: EDR solutions require significant investment and ongoing maintenance costs. Full deployment and proper implementation require trained security staff which increases expenses. Vulnerabilities on endpoints continue to pose security risks.
Opportunity: Growing remote work trends and digital transformation of enterprises are increasing the attack surface for cyber criminals. This is driving increased demand for advanced endpoint protection. Integration of AI/ML capabilities can improve threat detection and response accuracy over time.
Threats: Open-source or freemium endpoint protection solutions from startups provide basic features at low costs. Budget constraints may restrict investments in comprehensive EDR suites. Lack of security expertise challenges effective usage of advanced EDR features.
Key Takeaways
The Global Endpoint Detection And Response (EDR) Market Size is expected to witness high growth, exhibiting CAGR of 26% over the forecast period, due to increasing cyber security threats targeting remote and hybrid work environments.
Regional analysis: North America dominates the EDR market currently with over 35% share owing to stringent data protection laws and early adoption of cyber security solutions by organizations in the US and Canada. Asia Pacific is expected to grow at the fastest pace during the forecast period, with countries like China, Japan and India emerging as lucrative markets for EDR vendors to tap growing digitalization.
Key players: Key players operating in the Endpoint Detection and Response (EDR) market are RSA Security (DELL EMC), Carbon Black Inc., McAfee Corporation, Cisco Systems Inc., OpenText Corporation, FireEye Inc., CrowdStrike Inc., Digital Guardian, Broadcom Inc., Deep Instinct, and Cybereason Inc. CrowdStrike and Carbon Black have emerged as leading EDR vendors based on innovative platform capabilities and rapid customer acquisition.
Read More - https://www.blogger.com/blog/post/preview/646941044103500082/8431498295679839848
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