The Global Endpoint Detection And Response (EDR) Market Growth Accelerated by Increasing Adoption of Cloud EDR Solutions

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Endpoint detection and response (EDR) solutions provide real-time monitoring of endpoints and applications at the system level to detect malicious activities and security threats. EDR solutions enhance visibility and help organizations strengthen their security posture by providing threat detection, investigation, and response capabilities. 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 26.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


The end sentence is formatted as: 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 26% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Adoption of cloud-based EDR solutions is expected to accelerate market growth over the forecast period. Cloud-based EDR solutions provide easy deployment, flexible subscription models, and scalability. They eliminate the need for dedicated servers and on-premises hardware. In addition, cloud EDR solutions offer lower total cost of ownership and improved cybersecurity capabilities compared to on-premises EDR solutions. They enable organizations to rapidly detect, investigate, and respond to advanced threats across hybrid environments consisting of on-premises, remote, and cloud-based assets with a single solution.

Segment Analysis
The global endpoint detection and response (EDR) market size is dominated by the solution sub-segment owing to its capability to detect threats, launch investigations, and respond to incidents in real-time. The solution sub-segment currently holds more than 60% share of the overall EDR market owing to growing need for cyber security among enterprises.

Key Takeaways
The global endpoint detection and response (EDR) market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis
North America currently dominates the global EDR market with more than 35% share owing to stringent data privacy regulations and increasing cyber attacks in the region. The Asia Pacific region is expected to witness the fastest growth over the coming years driven by rapid digital transformation among enterprises from countries such as China, India, and Japan.

Key players
Key players operating in the endpoint detection and response (EDR) market are RSA Security (DELL EMC), Carbon Black Inc., McAfee Corporation, Cisco Systems Inc., OpenText Corporation, FireEye Inc., CrowdStrike Inc., Digital Guardian, Broadcom Inc., Deep Instinct, and Cybereason Inc.

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