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Malware Detection Solutions Grow Popular for Preventing Cyber- attacks amid COVID-19 Crisis

With the help of a sophisticated malware detection, businesses have been able to protect their networks from common cyber security threats during the coronavirus crisis. The significant rise in remote working activities has brought companies in the endpoint detection and response (EDR) market under the spotlight for providing secure and reliable endpoint software.

Work from home policies have exposed the vulnerabilities of an organization’s network, owing to a shared environment, thus triggering the demand for an EDR software. In order to prevent unprotected endpoints and security breach, companies in the endpoint detection and response (EDR) market are increasing their marketing capabilities to reach their right target clients who have shown a renewed interest and adoption for malware detection solutions.

endpoint detection and response (edr) market segmentation

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Implementation Challenges, Missing Full-disk Encryption Create Disputes with Vendors

The endpoint detection and response (EDR) market is slated to register an astonishing CAGR of ~21% during the forecast period. However, users sometimes face implementation challenges, missing full-disk encryption, and extra cost for advanced features. As such, advantages such as easy cloud-based implementation appears to bring down cost of features including the advanced ones. Vendors are running third party security tests for software in order to achieve full-disk encryption.

Artificial intelligence (AI) and behavioral analytics are being incorporated into software by companies operating in the endpoint detection and response (EDR) market. Palo Alto Networks, Inc.- a U.S. multinational cyber-security company, is gaining recognition for its Cortex XDR system, which is capable of handling advanced attacks.

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Automated EDR Solutions Being Preferred with High-end Endpoint Defenses

The endpoint detection and response (EDR) market is projected to surpass the valuation of US$ 13.8 Bn by 2030. Cyber-security has become a top priority for stakeholders in BFSI, government, defense, and healthcare sectors. Kaspersky Lab - a multinational cyber-security and anti-virus provider is recognizing this requirement and is offering its EDR solution compounded with high-end endpoint defenses while cutting costs.

Cybercriminals are becoming ever more sophisticated at successfully bypassing existing protection, thus exposing every area of the business enterprise. Hence, companies in the endpoint detection and response (EDR) market are offering solutions that exhibit full endpoint protection cycle and enable automatic threat blocking. Routine automation tasks must involve discovery, prioritization, investigation, and neutralizing complex threats.

Threat Intelligence Includes Reduction in False Positives, Accurate Incident Triage

Next-gen endpoint security solutions improve productivity of operational security personnel and low total cost of ownership. Companies in the endpoint detection and response (EDR) market such as McAfee are gaining popularity for their software platforms that facilitate detection and response to targeted attacks and offer comprehensive analysis of malicious activities. Behavior analysis is becoming a fast growing phenomenon in endpoint software platform in order to trace attacks on the shared corporate networks.

Threat intelligence involving shared local threat intelligence and externally acquired threat intelligence sources are being preferred in EDR platforms. Vendors in the endpoint detection and response (EDR) market are taking additional efforts to reduce the need to chase false positives and deploy more accurate incident triage.

Micro-segmentation of Data Centers in BFSI Helps Simplify Security Compliance

The highly competitive environment in the endpoint detection and response (EDR) market has compelled vendors to offer robust features in software platforms. However, increase in cloud workloads, third party integrations, and complex security infrastructure in the BFSI sector pose as hurdles for its stakeholders. Companies in the endpoint detection and response (EDR) market are stepping in to resolve these issues by defining segments that prevent lateral movements. Enabling secure micro-segmentation of data centers in BFSI, spanning across multi-cloud environments will ensure access to those applications purely based on intent.

The simplification of compliance is ameliorating issues associated with complex security infrastructure in the BFSI sector. Vendors are offering fully customizable lockdown solutions in case of any security breach during third part integrations.

endpoint detection and response (edr) market infographic

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Analysts’ Viewpoint

The management of remote working during the ongoing COVID-19 outbreak includes deployment of key resources that allows IT teams to securely access employee machines to solve disputes. Third party tests and recognitions by international IT labs are bolstering the credibility of vendors in the endpoint detection and response (EDR) market. However, lack of visibility and difficulty in meeting compliance requirements are posing as hurdles for vendors in the BFSI sector. Hence, companies should offer software platforms that enable granular visibility of workloads and facilitate micro-segmentation solutions to simplify compliance reporting and auditing. Guided investigation and external threat intelligence, due to a shared network has become necessary for SMEs.

Endpoint Detection and Response (EDR) Market: Overview

  • According to Transparency Market Research’s latest research report on the global endpoint detection and response (EDR) market for the historical period 2018-2019 and the forecast period 2020-2030, the market is anticipated to cross the value of US$ 13.8 Bn by 2030, expanding at a CAGR of ~21% during the forecast period. Growing trend of Bring Your Own Devices (BYODs) among enterprises, increasing number of endpoints, rising endpoint attacks and breaches and modification of IT risks are some of the factors fueling the growth of the endpoint detection and response (EDR) market.
  • North America is anticipated to emerge as the leading endpoint detection and response (EDR) market, followed by Europe and Asia Pacific

Increasing Adoption of Remote Working: A Key Driver of Endpoint Detection and Response (EDR) Market

  • Cyber-attacks are rapidly evolving, putting millions of users at risk worldwide. A sudden increase in remote working adoption has been observed in the last 1.5 years. The primary reason for the adoption of remote working is COVID-19. Remote working is estimated to reduce a company’s overall cost besides increasing the productivity. Research shows that businesses lose US$ 600 Bn a year to workplace distractions, and remote workers are 35% to 40% more productive than their in-office counterparts, which, in turn, is estimated to fuel the endpoint detection and response (EDR) market. Increased telework and cyber security skills shortage makes monitoring and securing the endpoint more complex, which is driving the deployment of endpoint detection and response (EDR). Employees working remotely are potential targets for new cybersecurity risks compared to those working in the office. This is projected to boost the endpoint detection and response (EDR) market.
  • Endpoint detection and response (EDR) provides organizations with the ability to respond remotely to cyber incidents, and to identify, investigate, and respond to advanced and complex malware threats. Rise in personal computer use for working is a primary reason for rising deployment of endpoint detection and response (EDR). Endpoint detection and response (EDR) companies react quickly to help customers move to a remote workforce. For instance, VMWare Carbon Black removed license limits for current customers, allowing them to deploy EDR to all users, which is expected to trigger the growth of the endpoint detection and response (EDR) market during the forecast period.

Key Challenge Faced by Endpoint Detection and Response (EDR) Market Players

  • Lack of awareness about cyber-attacks and trained professionals may restrain the growth of the endpoint detection and response (EDR) market

Rise in BYOD Applications Drive Demand for Endpoint Detection and Response (EDR)

  • BYOD is a policy of permitting employees to bring their devices to the workplace, and use them to access the company’s information and other related applications. BYOD is an emerging trend and is an opportunity for the endpoint detection and response (EDR) market. Most enterprises do not permit employees to bring devices to the workplace due to the threat of leakage of confidential data. A gradual increase in BYOD is witnessed over the past few years, and with COVID-19, the usage of personal devices to manage office work has increased exponentially. BYOD applications are likely to gain importance in the upcoming years with the advent of endpoint detection and response (EDR), which, in turn, creates opportunities for the endpoint detection and response (EDR) market.
    • For instance, AirWatch, a leader in enterprise security and mobile management provides the principal foundation to an increasingly mobile workforce and consumer base, thus facilitating consumers to take the benefit of the BYOD initiative
    • Furthermore, VMware’s Identity Manager is a type of cloud service, incorporated in the Workspace One offering, that has sign in for web, cloud, and Software as a Service and various mobile applications from any device

Endpoint Detection and Response (EDR) Market: Competition Landscape

  • Detailed profiles of providers of endpoint detection and response (EDR) have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global endpoint detection and response (EDR) market are
    • Carbon Black, Inc.
    • Check Point Software Technologies Ltd.
    • Cisco Systems, Inc.
    • CrowdStrike, Inc.
    • Cyberbit, Cybereason Inc.
    • Digital Guardian
    • FireEye, Inc.
    • F-Secure
    • Intel Security – McAfee, LLC.
    • Kaspersky
    • Microsoft Corporation
    • Open Text Corp.
    • Palo Alto Networks
    • RSA Security, LLC (EMC)
    • SentinelOne
    • Symantec Corporation
    • Tanium Inc.
    • Tripwire, Inc.

Endpoint Detection and Response (EDR) Market: Key Developments

  • Key providers of endpoint detection and response (EDR) such as Cisco Systems, Inc., SentinelOne, Symantec Corporation, Kaspersky, and Microsoft Corporation are focusing on the development of endpoint detection and response (EDR) to attract more customers. Some of the key developments in the global endpoint detection and response (EDR) market are highlighted below:
    • In November 2020, Check Point Software Technologies Ltd. launched its unified cyber security platform i.e. Check Point R81 to provide autonomous threat prevention, essentially designed for enterprises
    • In November 2020, Cyberbit launched skills development cloud solutions for delivering cybersecurity spectrum in a unique, on-demand platform to train and enhance skills of cybersecurity teams of organizations to protect their assets and networks from cyber-attacks. The company’s Zero to Hero skills development cloud solution is a combination of cyber range and cyber lab exercises into one, on-demand platform, which enhances the cybersecurity skills of cybersecurity teams of organizations.
    • In February 2020, Digital Guardian launched new data protection solutions and security services in order to meet the rising threats. The company’s aim is to deliver a Cloud EDR (endpoint detection and response) platform, which can detect attacks in real-time and continuously monitor systems, data, and user telemetry.
    • In March 2019, CrowdStrike, Inc. launched the CrowdStrike Falcon platform for mobile devices i.e. Android and iOS. CrowdStrike Falcon® for Mobile enables security teams to detect advanced threats in mobile devices and provides unprecedented visibility into unwanted, malicious, and accidental access to sensitive corporate data in organizations.
    • In April 2018, CrowdStrike, Inc. launched CrowdStrike Falcon Endpoint Protection Complete solution, which is the combination of Falcon Endpoint Protection Team and Falcon Endpoint Protection (EPP) technology
  • In the global endpoint detection and response (EDR) market report, we have discussed individual strategies, followed by company profiles of endpoint detection and response (EDR) providers. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global endpoint detection and response (EDR) market.

Endpoint Detection and Response (EDR) Market – Scope of the Report

A latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global endpoint detection and response (EDR) market to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the endpoint detection and response (EDR) market to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the endpoint detection and response (EDR) market will progress during the forecast period of 2020 - 2030.

The report offers intricate dynamics about the different aspects of the endpoint detection and response (EDR) market, which aids companies operating in the market in making strategic development decisions. TMR’s study also elaborates on the significant changes that are highly anticipated to configure the growth of the endpoint detection and response (EDR) market during the forecast period. It also includes impact analysis of COVID-19 on the endpoint detection and response (EDR) market. The global endpoint detection and response (EDR) market report helps to estimate statistics related to the market progress in terms of value (US$ Mn).

The study covers a detailed segmentation of the endpoint detection and response (EDR) market, along with key information and a competitive outlook. The report mentions the company profiles of key players currently dominating the endpoint detection and response (EDR) market, wherein various developments, expansions, and winning strategies practiced and executed by leading players have been presented in detail.

Key Questions Answered in TMR’s Report on Endpoint Detection and Response (EDR) Market

The report provides detailed information about the endpoint detection and response (EDR) market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the endpoint detection and response (EDR) market, so as to help them formulate successful strategies and take target-driven decisions.

  • How are key market players successfully earning revenue out of endpoint detection and response (EDR)?
  • What will be the Y-o-Y growth of the endpoint detection and response (EDR) market between 2020 and 2030?
  • What are the winning imperatives of market frontrunners in the endpoint detection and response (EDR) market?
  • What are the major drivers and restraints of the market?
  • What will be the size of the endpoint detection and response (EDR) market from 2020 to 2030?
  • Which will be the fastest growing segment in the endpoint detection and response (EDR) market?
  • Which are the leading companies in the endpoint detection and response (EDR) market?
  • What are the strategies of companies operating in the market?

Research Methodology – Endpoint Detection and Response (EDR) Market

The research methodology adopted by analysts to compile the endpoint detection and response (EDR) market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the endpoint detection and response (EDR) market. During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine sources, analysts have emphasized the changing scenario of the endpoint detection and response (EDR) market. For secondary research, analysts scrutinized numerous annual report publications, white papers, and data of major countries of the world, industry association publications, and company websites to obtain the necessary understanding of the endpoint detection and response (EDR) market.

Endpoint Detection and Response (EDR) Market – Segmentation

TMR’s research study assesses the endpoint detection and response (EDR) market on the basis of component, deployment, endpoint device, enterprise size, industry, and region. The report presents extensive market dynamics and progressive trends associated with different segments, and how they influence the growth prospects of the endpoint detection and response (EDR) market.

Component

  • Solution
  • Services
    • Professional Services
      • Training & Consulting
      • Integration & Implementation
      • Support & Maintenance
    • Managed Services
Deployment
  • On-premises
  • Managed/Hosted
  • Hybrid
Endpoint Device
  • Network Devices & Servers
  • Mobile Devices
  • Point of Sale (POS) Devices
  • Physical Perimeter Security Systems
  • Wearables
Enterprise Size
  • Small & Medium Enterprises
  • Large Enterprises
Industry
  • Banking, Financial Services and Insurance (BFSI)
  • IT & Telecom
  • Government & Public Utilities
  • Aerospace & Defense
  • Manufacturing
  • Healthcare
  • Retail
  • Others
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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Endpoint Detection Response Market

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