The emergence of IoT and failure of signature based antivirus systems will also generate significant demand for these solutions. With the excessive usage of mobile devices, the number of threats witnessed on mobile endpoints has been augmenting. The rise in Bring Your Own Device (BYOD) trend across organizations is another prominent growth driver of the market.
As the customized targeted malware attack toolkits and advanced persistent threats (APTs) are increasingly creating threats, the use of endpoint detection and response solutions will prove to be a boon to several organizations. These solutions supplement conventional signature-based technologies to attain enhanced visibility and behavior-based anomaly detection throughout endpoints. Thus, they can be easily incorporated into the existing security systems. They are capable of malware discovery, limiting the loss of sensitive data, together with bringing down the risk of data breaches on endpoints. Therefore, the demand for these tools and solutions will rise substantially.
The report discusses the key trends, growth opportunities, market restraints and drivers of the global market for endpoint detection and response systems. The competitive scenario of the market has been discussed, wherein the numerous market players have been evaluated in terms of market shares, product portfolios, and business strategies. The report also incorporates a recommendation section that primarily aims at assisting the companies who look forward to fortify their presence in the market.
The global market for endpoint detection and response devices has been segmented in terms of industry vertical, type of deployment, size of the organization, and geography. Small and medium sized enterprises (SMEs) and large-sized enterprises are the major segments of the market on the basis of organization size. The healthcare, government, BFSI, media and telecommunication, legal, energy, healthcare, and manufacturing are some of the key industry vertical segments. Managed, premise, and hybrid deployment are the key segments by type of deployment.
Endpoint detection and response (EDR) refers to the category of solutions and tools that emphasize the detection, investigation, and mitigation of suspicious activities and problems on endpoints and hosts. As it is an emerging technology, a vast scope for expansion awaits the market.