Cloud Endpoint Protection Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Cloud Endpoint Protection Industry Prospective:

The global cloud endpoint protection market size was worth around USD 12.5 billion in 2023 and is predicted to grow to around USD 31.7 billion by 2032, with a compound annual growth rate (CAGR) of roughly 10.9% between 2024 and 2032.

Request Free Sample

Cloud Endpoint Protection Market: Overview

A security solution created especially to safeguard endpoint devices—such as PCs, smartphones, and other network-connected gadgets—linked to a cloud environment is known as cloud endpoint protection. By utilizing cloud resources to improve threat detection, analysis, and real-time prevention, these solutions provide enhanced protection.

Because it enables ongoing monitoring and proactive defense against new cyber threats, this approach to endpoint security is especially advantageous for businesses with dispersed networks, remote workers, or hybrid cloud settings.

Key Insights

• As per the analysis shared by our research analyst, the global cloud endpoint protection market is estimated to grow annually at a CAGR of around 10.9% over the forecast period (2024-2032).
• In terms of revenue, the global cloud endpoint protection market size was valued at around USD 12.5 billion in 2023 and is projected to reach USD 31.7 billion by 2032.
• The increasing product launch is expected to drive the cloud endpoint protection industry over the forecast period.
• Based on the solution, the Antivirus segment is expected to capture the largest market share over the projected period.
• Based on the deployment mode, the public cloud segment is expected to grow at a rapid rate during the projected period.
• Based on the application, the Banking, Financial Services, and Insurance (BFSI) segment is expected to dominate the market during the forecast period.
• Based on region, North America is expected to dominate the market during the forecast period.

Cloud Endpoint Protection Market: Growth Drivers

Increasing the number of endpoints in an organization drives market growth

Since threats are now entering through a wider range of endpoints, centralized network protection is insufficient. Endpoint protection is necessary to add new levels of security to shifting security system perimeters that are poorly defined.

To prevent vulnerabilities that may result from the use of remote devices over an organization's network, security must maintain more control over access points. This will increase the demand for cloud endpoint protection market during the analysis period.

Cloud Endpoint Protection Market: Restraints

Data privacy and security concern hinders market growth

The market for cloud endpoint protection has been severely impacted by data privacy and security issues. Organizations are becoming more cautious about potential vulnerabilities and compliance issues related to using third-party cloud services for security as they depend more and more on cloud-based solutions to safeguard endpoint devices

Endpoint security solutions in cloud-based environments rely on the centralized processing and storage of enormous volumes of data, some of which may be proprietary or sensitive. A breach at a cloud provider could compromise user privacy and trust by exposing security data from enterprises. Thus, data privacy and security concerns hinder the expansion of the cloud endpoint protection industry.

Cloud Endpoint Protection Market: Opportunities

The growing product launch offers a lucrative opportunity for market growth

The increasing product launch is expected to offer a potential opportunity for the cloud endpoint protection market. For instance, in January 2023, the industry's first endpoint to a cloud security solution, Lookout, Inc.'s award-winning Lookout Cloud Security Platform, has been enhanced with new features and improved functionality.

Along with cloud, internet, and private apps, the cloud-native platform now includes a single policy framework for management and enforcement across all mobile devices. A unified agent and a single control plane for cloud and mobile security services are other new platform improvements that offer IT and security directors a more affordable and straightforward administration experience.

Cloud Endpoint Protection Market: Challenges

The high initial cost for advanced solutions poses a major challenge to market expansion

The cloud endpoint protection industry may be severely constrained by the high initial costs of sophisticated solutions, especially for small and medium-sized businesses (SMEs) and organizations with tight budgets, as sophisticated endpoint security solutions with capabilities like machine learning, behavioral analytics, and AI-driven threat detection are typically costly. These solutions frequently demand unique configurations and integrations to work with an organization's current infrastructure, raising initial expenditures.

Furthermore, cloud endpoint security solutions are complicated and need to be deployed, monitored, and managed by qualified experts. For smaller businesses without a dedicated cybersecurity team, hiring or training personnel to do these specialized jobs can be expensive.

Cloud Endpoint Protection Market: Segmentation

The global cloud endpoint protection industry is segmented based on solution, deployment mode, organization size, application, and region.

Based on the solution, the global cloud endpoint protection market is segmented into Antivirus, Endpoint Detection and Response (EDR), Firewall, Anti-Malware, Encryption, Identity and Access Management (IAM), and Others. The Antivirus segment is expected to capture the largest market share over the projected period.

The need for stronger security beyond what typical antivirus software can provide has increased due to the emergence of sophisticated cyber threats like ransomware, zero-day vulnerabilities, and advanced malware. Businesses are adopting cloud-based endpoint security with antivirus features because they are perceived as a more dynamic solution that can react to these threats instantly, increasing market revenue.

Based on the deployment mode, the global cloud endpoint protection industry is bifurcated into public cloud, private cloud, and hybrid cloud. The public cloud segment is expected to grow at a rapid rate during the projected period. AWS, Google Cloud, Microsoft Azure, and other public cloud platforms provide a scalable environment that allows companies to scale their security resources in response to demand. This adaptability promotes adoption and revenue development in public cloud-based endpoint security, which is particularly advantageous for businesses with seasonal surges or dynamic workforces.

Furthermore, public cloud endpoint protection removes the need for costly on-premises hardware and upkeep, making it an affordable option for businesses of all sizes, particularly small and medium-sized businesses (SMEs). Public cloud solutions facilitate endpoint protection by lowering the initial infrastructure investment, which drives market expansion.

Based on the organization size, the global cloud endpoint protection market is bifurcated into Small and Medium Enterprises (SMEs) and Large Enterprises.

Based on the application, the global cloud endpoint protection industry is bifurcated into Banking, Financial Services & Insurance (BFSI), Healthcare, IT and Telecom, Government and Public Sector, Manufacturing, and Others. The Banking, Financial Services, and Insurance (BFSI) segment is expected to dominate the market during the forecast period. Phishing, ransomware, and sophisticated malware that take advantage of endpoint vulnerabilities are among the cyberattacks that target the BFSI industry.

Endpoint protection is essential to preventing data breaches and unauthorized access since financial institutions manage enormous volumes of sensitive data. One of the main reasons BFSI institutions are implementing strong cloud-based endpoint security is the increased threat landscape.

Furthermore, cloud endpoint protection offers BFSI companies an affordable, expandable solution that may meet their demands. Financial businesses can optimize their budgets by switching from a capital expenditure model for on-premises security infrastructure to an operational expenditure through cloud subscriptions. This economical method is especially alluring since it provides high levels of protection without requiring a significant hardware investment. Thereby driving the segment expansion.

Cloud Endpoint Protection Market: Report Scope

Cloud Endpoint Protection Market: Regional Analysis

North America dominates the market over the projected period

North America is expected to lead the global cloud endpoint protection market growth. The regional expansion of the market is attributed to the growing cyber threats. Cyber threats are prevalent in North America, especially in the US, and target vital sectors like government, healthcare, and banking.

Because endpoint devices are frequently used as entry points for assaults, businesses are spending money on cloud-based defense to stop and address these threats, which is driving the market for cloud endpoint security. Furthermore, the presence of major players in the region drives the expansion of the industry.

Cloud Endpoint Protection Market: Competitive Analysis

The global cloud endpoint protection market is dominated by players like;

• Symantec (Broadcom Inc.)
• McAfee LLC
• Trend Micro Inc.
• Cisco Systems Inc.
• Palo Alto Networks Inc.
• CrowdStrike Holdings Inc.
• Sophos Ltd.
• Microsoft Corporation
• Thales
• ESET
• Bitdefender LLC
• Carbon Black Inc. (VMware)
• Fortinet Inc.
• FireEye Inc.
• Check Point Software Technologies Ltd.

The global cloud endpoint protection market is segmented as follows:

By Solution

• Antivirus
• Endpoint Detection and Response (EDR)
• Firewall
• Anti-Malware
• Encryption
• Identity and Access Management (IAM)
• Others

By Deployment Mode

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Organization Size

• Small and Medium Enterprises (SMEs)
• Large Enterprises

By Application

• Banking, Financial Services and Insurance (BFSI)
• Healthcare
• IT and Telecom
• Government and Public Sector
• Manufacturing
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa