Endpoint Detection And Response Market to move forward at a double-digit CAGR by 2033 | by Vipin…>
– Vipinraimsg
According to a recent report by MarketsandMarkets, the global EDR market is anticipated to reach a value of $3.9 billion USD by 2023, with a compound annual growth rate (CAGR) of 16.3% over the forecasted period 2020-2023.
This report also states that the global EDR market is expected to grow at a CAGR of over 10% over the forecasted period 2020–2033.
Growing demand for cloud-based and AI-driven security solutions to protect endpoint devices from malicious activities is expected to fuel the growth of the global endpoint detection and response market.
Furthermore, the adoption of EDR solutions is driven by the need to prevent data breaches, protect the endpoints against ransomware attacks, and comply with applicable regulations.
As EDR solutions are becoming more sophisticated and advanced, organizations are increasingly leveraging them to deploy comprehensive security across their IT environment.
The increasing demand for EDR solutions across industries such as healthcare, finance, and government is expected to further drive the growth of the global endpoint detection and response market.
Moreover, with the advancement of AI-driven technologies, EDR vendors are introducing platforms that can detect even the latest threats quickly and respond according to the severity of the threat.
This, in turn, is expected to open new opportunities for the global endpoint detection and response market.
Link: https://medium.com/@vipinraimsg/endpoint-detection-and-response-market-to-move-forward-at-a-double-digit-cagr-by-2033-489fbe66c76d