Latest News- Endpoint Detection And Response Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Endpoint Detection And Response Market is being driven by Increasing adoption of cloud-based EDR solutions

The Endpoint Detection And Response Market is expected to grow at a CAGR of 27.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13987.2 million. The Internet of Things (IoT) is a network of interconnected devices, incorporating electronics, software, sensors, and connectivity, enabling machine-to-machine communication. By 2024, Technavio projects that approximately 21 billion IoT-connected devices will exist. IoT serves as a conduit between the physical and digital realms, linking objects and data to facilitate connectivity. Businesses are increasingly utilizing IoT technology to optimize operations, enhance productivity, and streamline processes. IoT's ability to collect and analyze data from devices in real-time offers significant potential for improving services, products, and overall business efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud-based
• End-user
  • Enterprises
  • Individual customers
• Component
  • Solutions
  • Services
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing adoption of cloud-based EDR solutions
• Emergence of enterprise mobility and BYOD policy
• Growing demand for integrated solutions for cybersecurity

However, the market also witnesses some limitations, which are as follows:

• Increasing adoption of open-source software and pirated EDR software
• Lack of skilled workforce and lower awareness about internal and external threats
• Implementing complex endpoints

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Market Scope in Endpoint Detection And Response Market Research Report

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Research Analysis Overview

The Endpoint Detection and Response (EDR) market encompasses managed security services, offering protection against ransomware and malware attacks. It includes vulnerability management for cloud and server security, retail and mobile device security, threat intelligence platforms, and security awareness training. EDR solutions provide endpoint visibility, data breach prevention, and remote work security. Additionally, they offer financial transaction security, threat analysis, zero trust security, telecom security, data loss prevention, secure remote access, public sector security, manufacturing security, disaster recovery planning, multi-factor authentication, breach prevention, phishing prevention, automated threat response, workstation security, compliance management, cybersecurity solutions, encryption, security operations center, security staff alerts, and healthcare security.

Market Research Overview

The Endpoint Detection and Response (EDR) market is a significant segment of the global IT software industry. This market caters to businesses requiring advanced security solutions for their on-premise and remote systems. Compliance with regulatory requirements, such as PCI DSS, is crucial, and EDR solutions offer historical visibility and password protection features. Additionally, remote wipe capabilities enable businesses to securely manage devices and data in a remote working environment. Technavio's market analysis covers professional services offering EDR solutions as part of their IT management software suite, contributing to the global system software market's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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