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Endpoint Detection And Response (EDR) Growth Accelerated By Increased Adoption Of Cloud-Based Solutions

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Pooja Khodke
Endpoint Detection And Response (EDR) Growth Accelerated By Increased Adoption Of Cloud-Based Solutions

Endpoint Detection and Response (EDR) solutions provide organizations with visibility, control and response capabilities over endpoints and networks. EDR products have become widely popular as they help organizations detect threats and anomalous activities across diverse IT infrastructure. EDR solutions leverage machine learning and behavioral analytics to spot threats and identify infected or compromised endpoints in real time. These solutions allow organizations to correlate threat events, prioritize response actions and streamline incident response activities.


The global Endpoint Detection And Response (EDR) Market is estimated to be valued at Us$ 3430.46 Mn in 2023 and is expected to exhibit a CAGR Of 7.3% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:


The increased adoption of cloud-based EDR solutions is driving market growth. Many organizations are adopting cloud-based EDR solutions as they provide ease of deployment, scalability, enhanced visibility, and reduced operational costs. Cloud-based EDR solutions allow organizations to monitor endpoints from any location, enable centralized management, and provide nimble detection capabilities. Leading EDR vendors are expanding their cloud offerings to gain market share. For instance, CrowdStrike launched its cloud-delivered Falcon platform with EDR and other next-gen antivirus capabilities. Similarly, Carbon Black introduced its cloud-native endpoint protection platform CB Defense. The growing popularity of Software-as-a-Service (SaaS) delivery models for EDR solutions is expected to fuel market expansion over the forecast period.

Segment Analysis


The global Endpoint Detection and Response (EDR) market is dominated by the on-premise segment which captured around 70% market share in 2023. The on-premise model provides complete control and customization to organizations as the software is installed on-site within the organizational infrastructure. However, the cloud-based segment is expected to witness the highest growth during the forecast period owing to the flexibility, scalability, and cost-efficiency offered in the cloud deployment model.

Key Takeaways


The Global Endpoint Detection And Response (EDR) Market Demand  is expected to witness high growth during the forecast period of 2023 to 2030.

Regional analysis: North America captured the largest share of the global EDR market in 2023 due to stringent data security regulations and rising investments in cybersecurity by organizations in the region. The Asia Pacific region is expected to grow at the fastest pace during the forecast period with countries like China, India, and Japan emerging as lucrative markets for EDR solution providers. This rapid growth can be attributed to the increasing digitization of workplaces and rising cyber threats targeting organizations in the region.

Key players operating in the Endpoint Detection and Response (EDR) 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’s 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. These companies are focusing on new product launches and partnerships with technology providers to strengthen their market position.


Get more insights on this topic :


https://www.insightprobing.com/endpoint-detection-and-response-is-driven-by-increasing-sophisticated-cyber-threats/


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