Endpoint Detection and Response (EDR) Market is driven by increasing cybersecurity threats
The endpoint detection and response (EDR) market provides solutions that help organizations detect, investigate and respond to cybersecurity threats and vulnerabilities. EDR solutions enable organizations to monitor endpoints and gain understanding of activity occurring on endpoints such as user behavior, file systems, Windows registry, services, processes and network connections. EDR solutions leverage a combination of technologies such as artificial intelligence, machine learning, anomaly detection and predictive analytics to identify and flag suspicious activity. It helps organizations gain real-time visibility into endpoints and protects them from large-scale ransomware attacks and advanced persistent threats. Endpoint Detection and Response (EDR) Market Size solutions have advantages such as threat hunting and investigation capabilities, automated response to threats, centralized management and reporting. With the increasing number of cyber attacks on enterprises' networks, it has become imperative for organizations to adopt robust endpoint security protections such as EDR solutions.
The Global Endpoint Detection and Response Market is estimated to be valued at US$ 3951.89 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the endpoint detection and response market are Central Admixture Pharmacy Services, Inc., Nephron Pharmaceuticals Corporation, QuVa Pharma, Olympia Pharmacy, ASP Cares, Fagron Compounding Pharmacies, Athenex, Inc., Avella Specialty Pharmacy, Atlas Pharmaceuticals, Empower Pharmacy, Carie Boyd€TMS Prescription Shop, Edge Pharma, Imprimis NJOF, LLC, IntegraDose Compounding Services, LLC, Wells Pharma of Houston, LLC, US Compounding Inc., SCA Pharma, and Vertisis Custom Pharmacy. The growing need among organizations to gain complete visibility into endpoints and curb advanced cyber attacks has significantly boosted the demand for EDR solutions in recent years. Major EDR vendors are expanding their presence globally by establishing partnerships with regional players and strengthening their distributor networks across countries to tap the immense growth opportunities.
The EDR can be attributed to the rising spending on cybersecurity by organizations to secure their IT infrastructure. According to recent reports, global spending on cybersecurity is estimated to exceed $150 billion in 2022 as cyber attacks are increasing at an alarming rate. Furthermore, the transition to remote and hybrid work models during the pandemic has expanded the overall attack surface for cybercriminals, driving the need for advanced endpoint protection systems like EDR.
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