Endpoint Detection Response Software Statistics 2024


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In the constantly evolving landscape of cybersecurity, endpoint detection response (EDR) software has emerged as a critical tool for businesses aiming to safeguard their digital assets. The statistics surrounding EDR software usage and effectiveness in 2024 offer a unique lens through which we can gauge current trends, identify emerging threats, and understand the evolving strategies used to mitigate risk. This data is indispensable for understanding not just the present state of cybersecurity, but also for predicting future developments in this essential field.

Stakeholders across various sectors, including IT managers, cybersecurity professionals, business leaders, and policymakers, will find these statistics immensely valuable. EDR software not only plays a pivotal role in protecting sensitive data but also influences corporate compliance, operational efficiency, and overall business continuity. For businesses striving to stay ahead of cyber threats, staying informed about the latest EDR statistics is crucial to making informed decisions on technology investments and cybersecurity policies.

By delving into these statistics, organizations can craft robust strategies to enhance their security posture, align resources effectively, and anticipate future challenges in the cybersecurity landscape. The data presented herein will provide vital insights that are essential for making well-informed decisions and crafting long-term strategies in an industry characterized by rapid innovation and persistent threats.

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Top Endpoint Detection Response Software Statistics 2024

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Cybersecurity Trends & Statistics

  • For 2023 and beyond, the focus needs to be on mitigating threats and enhancing resiliency and recovery due to the expanding cyber-attack surface and vectors. [?]
  • During the past 12 months, 34.5% of polled executives reported their organizations’ accounting and financial data were targeted by cyber adversaries. [1]
  • Within that group, 22% experienced at least one cyber event, and 12.5% experienced more than one. [1]
  • Nearly half (48.8%) of C-suite and other executives expect an increase in the number and size of cyber events targeting their organizations’ accounting and financial data in the year ahead. [1]
  • Only 20.3% of those polled say their organizations’ accounting and finance teams work closely and consistently with their peers in cybersecurity. [1]
  • AI in the cybersecurity market is growing at a CAGR of 23.6% and will reach a market value of $46.3 billion in 2027. [1]
  • The cost of cybercrime is predicted to hit $8 trillion in 2023 and will grow to $10.5 trillion by 2025. [1]
  • At least one open source vulnerability was found in 84% of code bases examined by Synopsys researchers. [2]
  • All code bases examined from companies in the aerospace, aviation, automotive, transportation, and logistics sectors contained some open source code, with open source code making up 73% of total code. [2]
  • Of the 1,481 code bases examined that included risk assessments, 91% contained outdated versions of open-source components. [2]
  • A ransomware gang used a new zero-day flaw to steal data on 1 million hospital patients. [2]
  • Community Health Systems confirmed that criminal hackers accessed the personal and protected health information of up to 1 million patients. [2]
  • Clop claims it mass-hacked 130 organizations, including a US hospital network. [2]
  • According to Lookout, the highest rate of mobile phishing in history was observed in 2022, with half of the mobile phone owners worldwide exposed to a phishing attack every quarter. [2]
  • Non-email-based phishing attacks are proliferating, with vishing, smishing, and quishing increasing sevenfold in the second quarter of 2022. [2]
  • Lookout calculated that the potential annual financial impact of mobile phishing to an organization of 5000 employees is nearly $4m. [2]
  • Cybercriminals mostly abused Microsoft’s brand name in phishing attacks, with more than 30 million messages using its branding or mentioning products like Office or OneDrive. [2]
  • In 2022, 76% of organizations were targeted by a ransomware attack, out of which 64% were actually infected. [2]
  • Only 50% of these organizations managed to retrieve their data after paying the ransom. [2]
  • 78% of business email compromise (BEC) involved fake CEO emails using common CEO phrases, resulting in a 64% increase from Q3 to Q4 2022. [2]
  • 82% of BEC emails were sent using free email services. [2]
  • Consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30% over the previous year. [2]
  • There were over 1.1 million reports of identity theft received through the FTC’s IdentityTheft.gov website. [2]
  • Humanity’s collective data will reach 175 zettabytes by 2025. [2]
  • The global endpoint detection and response (EDR) software market size was valued at USD 4.65 billion in 2023 and is projected to reach USD 13.45 billion by 2030, growing at a CAGR of 23.88% during the forecast period 2024-2030. [3]
  • EDR technology will boom by 2028, providing enterprises with options at every price point and use case requirement. [4]
  • According to Dark Readings State of Endpoint Security 2021 Survey, 84% of cybersecurity professionals believe that all attacks start at an endpoint. [4]
  • 70% of cybersecurity professionals are looking to protect against endpoint attacks through increased end-user training, and more than one in three plan on increasing their investments in EDR tools. [4]
  • From $1.9 billion in 2020, endpoint detection and response solutions are expected to be worth $11.22 billion by 2028. [4]
  • The COVID-19 pandemic has further fueled the market due to a surge in cybercriminal activities, creating a demand for cybersecurity solutions to minimize cyber risks. [5]
  • The cybersecurity market size is estimated at USD 182.84 billion in 2024 and is expected to reach USD 314.28 billion by 2029, growing at a CAGR of 11.44% during the forecast period. [5]
  • Cybercrimes cost the world almost USD 600 billion yearly, or 0.8% of global GDP. [5]
  • By 2025, the Internet of Things (IoT) will continue its exponential growth, interconnecting an ever-increasing number of devices, and enhancing IoT security will be a key focus. [6]
  • The rise of quantum computing in 2024 will revolutionize data processing and problem-solving, necessitating rapid evolution in cybersecurity to harness benefits and mitigate risks. [6]
  • Phishing attacks continue to evolve in sophistication and effectiveness in 2024. [6]
  • In 2024, as mobile devices become increasingly integral to both personal and professional life, the focus on mobile security has intensified. [6]
  • The concept of Zero Trust security, focusing on continuous verification and minimal access rights, will become a fundamental aspect of cybersecurity strategy in 2024. [6]
  • The cybersecurity sector continues to grapple with a significant challenge: the skills gap. [6]
  • Blockchain technology will increasingly enhance cybersecurity measures, securing Internet of Things (IoT) devices and protecting digital data and identities. [6]
  • Cybersecurity insurance has become a mainstream component of business risk management strategies in 2024. [6]
  • Endpoint Detection and Response Market size is expected to reach USD 4.09 billion in 2024 and grow at a CAGR of 24.80% to reach USD 12.39 billion by 2029. [7]
  • Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). [7]
  • In 2024, North America accounts for the largest market share in the Endpoint Detection and Response Market. [7]
  • In 2023, the Endpoint Detection and Response Market size was estimated at USD 3.08 billion. [7]
  • EDR technology includes features like 24/7 device monitoring, integration with security infrastructure, automated cross-platform patching, and compliance management for PCI, HIPAA, NIST 800-53, and NIST 800-171. [4]
  • The global endpoint detection and response (EDR) market size was valued at USD 2,720 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 26.12% from 2023 to 2030. [11]
  • The software segment accounted for the largest market share of 64.5% in 2022. [12]
  • The services segment is projected to expand at a 25.8% CAGR through 2030. [12]
  • The cloud-based segment accounted for a market share of 54.8% in 2022. [12]
  • The on-premise segment is anticipated to advance at a CAGR of 23.2% during the forecast period. [12]
  • The network devices & servers segment accounted for the highest market share of around 32.4% in 2022. [12]
  • The Point of Sale (POS) devices segment is expected to expand at a CAGR of 26.9% during the forecast period. [12]
  • The large enterprise segment accounted for the dominant market share of 53.1% in 2022. [12]
  • The SMEs segment is expected to expand at the highest CAGR of 25.6% during the forecast period. [12]
  • North America held the largest share of 32.4% of the target market in 2022. [12]
  • Asia Pacific is anticipated to emerge as the fastest-developing regional market at a CAGR of 27.2%. [12]
  • In March 2023, Palo Alto Networks announced a product development of its Cortex XSIAM Platform – an EDR with the integration of AI Technology. [12]
  • In July 2021, Bitdefender revealed eXtended EDR (XEDR), combining threat intelligence, endpoint protection, and incident response capabilities. [12]
  • In June 2021, Cisco acquired Kenna Security, Inc. to create the most significant endpoint security footprint in the industry. [12]
  • The Endpoint Detection and Response market size was valued at USD 3.72 Billion in 2022 and is projected to grow at a CAGR of 22.03% during the forecast period, 2023-2030. [10]
  • The Point of Sale terminals category dominated the market in 2022. [10]
  • The global endpoint detection and response (EDR) market size is projected to reach USD 5.08 billion by 2027, registering a CAGR of 18.4% during the forecast period. [9]
  • The global endpoint detection and response (EDR) market size is projected to reach USD 32.4 billion by 2034, rising at a 23.2% CAGR. [8]

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Sources

  1. forbes – https://www.forbes.com/sites/chuckbrooks/2023/03/05/cybersecurity-trends–statistics-for-2023-more-treachery-and-risk-ahead-as-attack-surface-and-hacker-capabilities-grow/
  2. Unknown URL – Unknown URL
  3. verifiedmarketresearch – https://www.verifiedmarketresearch.com/product/endpoint-detection-response-edr-software-market/
  4. spiceworks – https://www.spiceworks.com/it-security/endpoint-security/articles/best-edr-tools/
  5. mordorintelligence – https://www.mordorintelligence.com/industry-reports/cyber-security-market/market-size
  6. splashtop – https://www.splashtop.com/blog/cybersecurity-trends-and-predictions-2024
  7. mordorintelligence – https://www.mordorintelligence.com/industry-reports/endpoint-detection-and-response-market
  8. globenewswire – https://www.globenewswire.com/en/news-release/2024/01/08/2805323/0/en/Endpoint-Detection-and-Response-Market-Expected-to-Reach-US-32-4-Billion-by-2034-rising-at-a-whopping-23-2-CAGR-Future-Market-Insights-Inc.html
  9. verifiedmarketreports – https://www.verifiedmarketreports.com/product/endpoint-detection-and-response-edr-software-market/
  10. marketresearchfuture – https://www.marketresearchfuture.com/reports/endpoint-detection-response-market-5457
  11. coherentmarketinsights – https://www.coherentmarketinsights.com/market-insight/endpoint-detection-and-response-edr-market-5564
  12. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/endpoint-detection-response-market-report

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