Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12 Billion | USD 43.33 Billion | 15.34% | 2023 |
According to the report published by Zion Market Research, the global Endpoint Security Market size was valued at USD 12 Billion in 2023 and is predicted to reach USD 43.33 Billion by the end of 2032. The market is expected to grow with a CAGR of 15.34% during the forecast period. The report analyzes the global Endpoint Security Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Endpoint Security industry.
The process of securing several endpoints on a network that are been bridged remotely to client devices is called endpoint security. The end-user devices include desktops PCs, laptops, and mobile devices. The hardware including the servers is also counted among the endpoints. The risks presented by the devices that are connected to an enterprise network is been addressed by endpoint security.
The global endpoint security market is growing at a faster rate. An increase in the number of endpoint devices, rise in penetration of mobile & tabs for multipurpose activities, and the policy of the organizations to bring your own devices are the few features that are fueling the growth of the global endpoint security market. The employees are capable of accessing application and data from millions of devices which have different operating systems, capabilities, and applications. The endpoint security acts as an important last line of defense to protect the data from getting into the wrong hands and prevent cyber-attacks.
Endpoint security has the potential to protect the user's mobile and all traditional devices with novel technologies for detection, breach prevention, attack prevention, attack surface reduction, and response. With the use of endpoint security, enterprises or organizations can keep their business running by offering strong protection against credential theft, ransomware & malware, enhance ROI, fortify the SOC team, and prevent the worst-case scenarios. Thus, endpoint security has a wide range of applications in various sectors including government, BFSI, healthcare, and many more. This is adding up to the growth of the global market. Moreover, the increase in cases of breaches & cyber-attacks, the huge number of financial losses to the organization due to attacks on endpoint devices, and the growing need for a highly efficient mode of security of the end-user devices are also some of the key aspects that are spurring the growth of the market.
Furthermore, the rise in the adoption of advanced technologies including IoT, artificial intelligence, and cloud may give rise to advantageous opportunities for the growth of the global endpoint security market during the forecast period. However, the dearth of experts and usage of freely available endpoint security solutions are the factors that may restrain the growth of the global endpoint security market.
The sudden emergence of the Covid-19 pandemic has enforced organizations to implement work-from-home policies to follow the rules of stay-at-home and strict lockdowns. This led to the rise in the risk of breaches, attacks, and several virus infections to the endpoint devices by targeting the corporate network. Also, with the unfolding of the Covid-19 impact, increasing the security solutions of the network and endpoint devices is the priority for businesses. Moreover, small and medium-sized enterprises are expected to spend on endpoint security solutions owing to the rapid transition to work remotely due to the outbreak of the Covid-19. All these factors have led to the rise in the market growth amid Covid-19.
The global endpoint security market is categorized based on deployment mode, component, organization size, vertical, and region.
Based on the deployment mode, the global endpoint security market is bifurcated into cloud and on-premises.
Based on the component, the global market is divided into services and solutions.
The organization size segment is split into small & medium-sized enterprises and large enterprises.
The vertical segment consists of retail & e-commerce, healthcare, IT & telecommunication, BFSI, manufacturing, government & defense, and others.
Report Attributes | Report Details |
---|---|
Report Name | Endpoint Security Market |
Market Size in 2023 | USD 12 Billion |
Market Forecast in 2032 | USD 43.33 Billion |
Growth Rate | CAGR of 15.34% |
Number of Pages | 201 |
Key Companies Covered | Palo Alto Networks, Panda Security, Bitdefender, Carbon Black, McAfee, TrendMicro, CrowdStrike, Kaspersky, Symantec, and Microsoft among others |
Segments Covered | By deployment mode, By component, By organization size, By vertical and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Regionally, North America is projected to account for the maximum share in the global endpoint security market over the forecast period. The increase in adoption of cloud and artificial intelligence-based technologies, growing concerns of breaches & cyberattacks, and rise in investments by the market players to offer the best security solutions are the factors that are propelling the growth of the market in this region. Asia Pacific is expected to be the fastest growing region due to the rise in adoption of endpoint security solutions across several sectors, expanding IT & telecommunication sector, and growing network infrastructure such as 5G network, especially in China.
The global endpoint security market is highly competitive. Some of the prominent players that are operating in the global endpoint security market include:
The Global Endpoint Security Market is segmented as follows:
By deployment mode
By component
By organization size
By vertical
FrequentlyAsked Questions
The global endpoint security market is growing at a faster rate. An increase in the number of endpoint devices, rise in penetration of mobile & tabs for multipurpose activities, and the policy of the organizations to bring your own devices are the few features that are fueling the growth of the global endpoint security market. Furthermore, the rise in the adoption of advanced technologies including IoT, artificial intelligence, and cloud may give rise to advantageous opportunities for the growth of the global endpoint security market during the forecast period.
The global endpoint security market is highly competitive. Some of the prominent players that are operating in the global endpoint security market include Palo Alto Networks, Panda Security, Bitdefender, Carbon Black, McAfee, TrendMicro, CrowdStrike, Kaspersky, Symantec, and Microsoft among others.
Regionally, North America is projected to account for the maximum share in the global endpoint security market over the forecast period. The increase in adoption of cloud and artificial intelligence-based technologies, growing concerns of breaches & cyberattacks, and rise in investments by the market players to offer the best security solutions are the factors that are propelling the growth of the market in this region.
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