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(Hosting-NewsWire.com, February 11, 2020 ) According to a new market research report "Endpoint Detection and Response Market by Component (Solution and Service), Enforcement Point (Workstations, Mobile Devices, Servers, POS Terminals), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021" published by MarketsandMarkets™, the Endpoint Detection and Response Market estimated to grow from USD 749.0 million in 2016 to USD 2,285.4 Million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 25.0%.
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The EDR solutions and services help to offer protection on endpoints from advanced threats such as malware, ransomware, and Advanced Persistent Threats (APTs). Moreover, increasing demand from Small and Medium Enterprises (SMEs) operating across diverse industry verticals and regions is expected to drive the market growth during the forecast period.
The mobile devices enforcement point segment to play a key role in the Endpoint Detection and Response Market
The mobile devices enforcement point segment is projected to grow at the highest CAGR during the forecast period. Due to digital revolution and the rise in usage of mobile devices, the level of threats on mobile endpoints has increased. Rise in BYOD and increased usage of mobile devices in the BFSI sector are triggering the growth of the Endpoint Detection and Response Market. Mobile devices connected to the enterprise network can be subject to threats and vulnerabilities, which can cause loss in millions to the enterprises.
The workstations enforcement point segment is expected to have the largest market share and dominate the Endpoint Detection and Response Market from 2016 to 2021, due to growing instances of advanced threats on workstations.
The Banking, Financial Services, and Insurance (BFSI) vertical is expected to grow at the highest CAGR in the Endpoint Detection and Response Market
The BFSI industry vertical is expected to contribute the largest market share in the Endpoint Detection and Response Market, due to increasing digitization in banking operations and rise in the number of government regulations on banking and financial transactions. The BFSI sector is expected to grow at the highest CAGR from 2016 to 2021, in the Endpoint Detection and Response Market, due to the technological proliferation of banking and financial processes. Adoption of EDR solutions brings advanced protection from threats without affecting the operational efficiency, thus driving the demand.
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North America is expected to contribute the largest market share, whereas APAC is expected to grow at the highest rate
North America is expected to have the largest market share and dominate the Endpoint Detection and Response Market from 2016 to 2021, due to the presence of a large number of EDR solution vendors and early innovative technology adopters across the U.S. and Canada. APAC offers potential growth opportunities in the Endpoint Detection and Response Market, as there is a wide presence of SMEs that are turning towards such EDR solutions to efficiently safeguard their business endpoints, particularly in developing countries such as India, China, and Singapore.
The major vendors in the Endpoint Detection and Response Market include McAfee (U.S.), Cisco Systems, Inc. (U.S.), RSA Security (U.S.), FireEye, Inc. (U.S.), Guidance Software, Inc. (U.S.), Carbon Black, Inc. (U.S.), Digital Guardian (U.S.), Tripwire, Inc. (U.S.), Symantec Corporation (U.S.), and CrowdStrike, Inc. (U.S.).
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Mr. Shelly Singh
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