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Endpoint Security Market Size And Forecast
Endpoint Security Market size was valued at USD 13.43 Billion in 2020 and is projected to reach USD 24.70 Billion by 2028, growing at a CAGR of 7.87% from 2021 to 2028.
The growing adoption of advanced technologies which includes IoT solutions, AI/ML solutions, and endpoint devices, and thereby increases in the need for Endpoint Security devices is driving the growth of the Global Endpoint Security Market. The Global Endpoint Security Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Endpoint Security Market Definition
Endpoint Security is the technology used for securing the endpoints or entry points of end-user devices like laptops, desktops, and mobile devices from being exploited by malicious actors and campaigns. An Endpoint Security solution protects these endpoints on a network or in the cloud from various types of cyber security threats. The technology has evolved from traditional antivirus software to provide comprehensive protection from evolving zero-day threats or sophisticated malware. All types of organizations are at risk from the nation-state, organized crime, and malicious and accidental insider threats.
Endpoint Security is often considered as the frontline for cyber security and one of the first places where organizations look to secure their enterprise work. as the value of the sophistication of cyber security is growing, the need for more advanced endpoint solutions is also increasing but today, the endpoint protection system is designed to quickly detect, analyze and block if they contain attacks in the progress. Endpoint Security is necessary for many reasons, in today’s business world, data is considered the most valuable asset an organization has, thus to protect the data from being stolen and to protect the business from being at risk, Endpoint Security is very important.
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Global Endpoint Security Market Overview
The primary factor that is boosting the growth of the Global Endpoint Security Market is increasing deployment of various security with growing security rise across several applications including IT & Telecom, BSFI, and retail. in addition, an increasing number of enterprise endpoints and mobile devices having access to critical data has generated huge demand for Endpoint Security solutions in the market.
Furthermore, the emerging trend of virtualization and virtualization separates physical systems into several virtual machines which will require endpoint protection, thus escalating demand for Endpoint Security is increasing. Moreover, many large and small organizations are adopting the trend 0f BYOD, thus there has been increasing in the new and unknown attacks on the organization regarding endpoint network and high rate of such attacks are generating necessity for the Endpoint Security and hence growth has been in the Global Endpoint Security Market.
However, lack of awareness among the people regarding Endpoint Security, many businesses are struggling to deal with security threats and data breaches are owing to the lack of knowledge regarding Endpoint Security is anticipated to restrict the market growth of the Global Endpoint Security Market. Nevertheless, the rise in IoT adoption and the immense demand for smart devices across the globe is expected to provide lucrative opportunities for the Global Endpoint Security Market.
Global Endpoint Security Market: Segmentation Analysis
The Global Endpoint Security Market Segmented on the basis of Deployment Mode, Organization Size, Component, Vertical, and Geography.
Endpoint Security Market, By Deployment Mode
- Cloud-Based
- On-Premise
Based on Deployment Mode, the market is segmented into Cloud-Based and On-Premise. The Cloud-Based Deployment Mode segment is expected to grow at the fastest pace during the forecast period. The growth of the segment is attributed to the easy maintenance of generated data, cost-effectiveness, scalability, and effective management of this solution.
Endpoint Security Market, By Organization Size
- Large Enterprises
- Small And Medium Organizations
- Individuals
Based on Organization Size, the market is segmented into Large Enterprises, Small and Medium Organizations, and Individuals. Large enterprises are expected to hold the largest share in the Endpoint Security Market and are also expected to grow at the highest CAGR during the forecasted period. Various factors that are driving the growth of the segments are the growing adoption of cloud technology and thereby, increasing the need for cloud-based security, the rising adoption of safety solutions as organizations are transitioning their business-critical operations to cloud computing to decrease work burden, and cost.
Endpoint Security Market, By Component
- Solution
- Firewall
- Anti-Virus
- Endpoint Device Control
- Anti-Spyware/Anti-Malware
- Endpoint Application Control
- Intrusion Prevention
- Service
- Consulting
- Training and Support
- Managed Services
Based on Component, the market is segmented into Solution and Service. The Solution segment is further segmented into, Firewall, Anti-Virus, Endpoint Device Control, Anti-Spyware/Anti-Malware, Endpoint Application Control, and Intrusion Prevention. The services segment is further classified as Consulting, Training, Support, and Managed Services. Among this entire segmentation demand for Endpoint Security solutions is expected to grow during the forecasted period due to the rapid deployment of a variety of connected devices across the different business sectors.
Endpoint Security Market, By Vertical
- Healthcare
- Government And Defense
- IT And Telecom
- Banking, Financial Services, And Insurance (BFSI)
- Retail
- Education
- Transportation
- Others
Based on Vertical, the market is segmented into Healthcare, Government And Defense, IT And Telecom, Banking, Financial Services, Insurance (BFSI), Retail, Education, Transportation, and Others. IT And Telecom are expected to hold the largest share in the Endpoint Security Market due to stringent legal and information security requirements and the rising adoption of BYOD trends.
Endpoint Security Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Endpoint Security Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest share in the Endpoint Security Market and Asia-Pacific is expected to grow at the highest CAGR during the forecasted period. Various factors that are boosting the growth of the Endpoint Security Market are applying technology to curtail threats on the enterprise endpoints and the highest adoption of mobile devices that are initially vulnerable to endpoint attacks.
Key Players
The “Global Endpoint Security Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Intel Security (McAfee), Eset, Symantec Corporation, F-Secure, Trend Micro Incorporated, AVG Technologies, Bitdefender, Kaspersky Labs, Panda Security, and Sophos Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations, And Agreements
- In January 2020, BlackBerry Limited Cylance has partnered with Safe Breach to just provide automated endpoint security. The company’s goal is to provide adequate instruction to its clients while reducing investment risk.
Mergers And Acquisitions
- In November 2018, Symantec acquired Javelin Networks, a company that provides advanced software technologies to ensure businesses from Active Directory-based attacks.
- In August 2019, Broadcom, a global technology provider of semiconductor as well as infrastructure software solutions, has acquired Symantec’s enterprise security business. The inclusion of Symantec’s enterprise security portfolio with Broadcom’s existing solution portfolio substantially boosts Broadcom’s infrastructure software footprint.
Product Launches And Product Expansions
- In May 2019, Microsoft launched its endpoint manager, which includes both configuration manager and Intune abilities, as well as supplementary Microsoft products and services. The endpoint continues to benefit companies to maintain a wide range of devices used among their staff members.
- In October 2018, Trend Micro launched XGen endpoint security, a combination of cross-generational threat defense systems that smartly appears to apply the right solution, resulting in improved and productive security features.
- In April 2018, Crowd Strike launched Crowd Strike Falcon EPP solutions with both the pairing of EPP technology. The EPP technology is endorsed by a professional and knowledgeable Falcon endpoint security team.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period |
2017-2028 |
| Base Year |
2020 |
| Forecast Period |
2021-2028 |
| Historical Period |
2017-2019 |
| Unit |
Value (USD Billion) |
| Key Companies Profiled |
Intel Security (McAfee), Eset, Symantec Corporation, F-Secure, Trend Micro Incorporated, AVG Technologies, and Bitdefender. |
| Segments Covered |
By Deployment Mode, By Organization Size, By Component, By Vertical, And By Geography |
| Customization scope |
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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