Jul 13, 2020 7:00 PM ET
iCrowd Newswire – Jul 13, 2020
EDR is one of the essential security solutions, which help the company to maintain a high degree of security from cyber-attacks. Currently, several organizations are looking for innovative technologies in order to protect themselves from increasing malware threats. The endpoint detection and response is an advanced security analysis tool having several advantages associated with it. Growth in acceptance of enterprise mobility has alleviated IT security risks, which is boosting the global market growth. The growth of EDR solutions is mainly propelled by the integration of web application with mobile services. Many of the businesses became more application oriented in order to provide the user with a platform to communicate with each other and outside organizations.
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According to the new research report published by The Insight Partners, titled “Endpoint Detection and Response Market – Global Analysis and Forecast to 2025”, the global endpoint detection and response market is expected to reach US$ 5.9 billion in 2025, registering a CAGR of 28.8% during the forecast period 2018 to 2025.
In 2017, North America accounted for the largest revenue share of little more than two fifth of the total market share, followed by Europe.
The definition of endpoint over the years has evolved to incorporate further complicated hybrid ecosystem of personal computers, mobile devices, laptops, servers, virtual endpoints and infrastructure comprising both public and private clouds. Owing to this transformation, the organizations across the globe are showcasing a keen interest in advanced solutions catering to their security demands for extensively virtualized environments.
Endpoint Detection and Response Market – Strategic Insights
Strategies such as acquisition, market initiative and new development was observed as the most adopted strategy in global endpoint detection and response market. Few of the recent strategies by some of the players’ operating in the endpoint detection and response market landscape are listed below:
2018: CounterTack closes the acquisition of GoSecure, Inc., Canada based provider of cybersecurity managed detection and response solutions. This acquisition enlarges the previous partnership with GoSecure to “best-in-class MDR platform-as-a-service” to serve the CounterTack’s domestic and international consumers. The transaction would also improve the products of CounterTack for every enterprises irrespective of deployment type.
2018: Carbon Black supports VMware Workspace ONE Trust Network which is a new security approach that integrates Workspace ONE a digital workspace platform with trusted security partner to provide analytical and automated security in the digital workspace. The collaboration also aims to improve the data center and cloud security.
2015: Tanium and Palo Alto Networks the next-generation security company stated the formation of strategic alliance. Through this alliance, Tanium would be able to receive malicious indicators and confirm the existence of any cyber threat and share the information with the Palo Alto Networks where network and endpoint protections are improved on a continuous basis.
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