Endpoint Security Market

GMI Research analysis indicates that the Endpoint security market size was estimated at USD 16.1 billion in 2022 and is slated to register a single digit CAGR of 7.1% over the forecast period, and is projected to reach USD 27.8 billion in 2030.

Introduction of the Endpoint Security Market Report

Endpoint security is basically a centralized approach for the protection of all endpoints, servers, smartphones, desktops, laptops, and other IoT devices connected to the corporate IT network from cyber-attacks. Endpoint security market consists of solutions that secure all endpoints in organizations, preventing against threats that comprises of malware and inbound network intrusion attempts.

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Market Dynamic

Major Endpoint Security Market Drivers

The major factors propelling the growth of the global market are increasing adoption of bring your own device (BYOD), growing cyber threats and breaches, mitigation of IT risks, higher costs accrued due to endpoint attacks, and centrally managed administration and protection. Enterprises are focusing on the implementation of risk management policies, such as establishing a risk management framework, effective communication & consultation related to the risk, and upgrading & maintaining risk management capabilities. Moreover, the implementation of advanced technologies, which include artificial intelligence (AI), internet of things (IoT), connected devices, etc. is another factor supplementing the global endpoint security market growth.

Impact of COVID-19 on the Endpoint Security Market

The COVID-19 pandemic has compelled companies to adopt work from home policies for their employees. This has grown the risk of endpoint devices getting infected with unknown or known viruses. For instance, in 2020, it is witnessed that around 70% of the organizations found it difficult to maintain “Endpoint Cyber Hygiene”, which has inclined several organizations to remodel their business strategies and increase their spending on security solutions. These factors have bolstered the growth of the global endpoint security market size.

Restraint in the Endpoint Security Market

Many organizations experience a shortage of skilled technical professionals to handle security systems. As the technology keeps on evolving, it offers continuous training to technical staff which is quite expensive, especially for SMEs. These factors might hamper the growth of the global endpoint security market share.

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End-Use Industry – Segment Analysis

Based on the end-use industry, the medical segment is expected to grow at a higher CAGR during the forecast period. Cyber-threats are becoming more sophisticated, purposeful, and costly. Healthcare industry is in time of transition to include IT infrastructure and cybersecurity. Endpoint security offers conventional capabilities, such as preventing file-based malware, port and device control, endpoint detection and response, among others, which helps businesses to provide special protections for its medical devices. These factors are significantly contributing to the growth of the medical segment in the global endpoint security market.

Deployment Mode – Segment Analysis

On the basis of the deployment mode, the cloud segment is projected to grow at a higher CAGR during the forecast period. This is majorly attributed to the growing adoption of cloud-based endpoint security solutions, which is due to various benefits, such as cost-effectiveness, easy maintenance of generated data, and scalability. The cloud deployment mode provides web-based management and enterprise-class protection for endpoints. It enables users to implement endpoint protection without the need for an IT staff to manage the software. These factors play a crucial role in augmenting the growth of the cloud segment in the global market.

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Region – Segment Analysis

Based on the region, the Asia-Pacific region is expected to grow at a higher CAGR over the forecast period. This is majorly due to the increasing number of connected devices and growing adoption of IoT technologies across various industries. There is rise in the adoption of endpoint security solutions by the BFSI sector all across Asia. For instance, according to the RBI, the share of electronic transactions in total volume of retail payments increased to 95.4 per cent in 2019 from 92.6 per cent. These factors play a crucial role in augmenting the growth of the endpoint security market in Asia-Pacific. 

Top Market Players

Various notable players operating in the market include Bitdefender, ESET, Cisco, IBM, F-Secure, Kaspersky Lab, Panda Security SL, Microsoft, Sophos Ltd, Trend Micro Incorporated, among others.

Key Developments:

• • In 2019, Microsoft announced the launch of its endpoint manager, which comes with both the capabilities of configuration manager and Intune along with Microsoft products & services. This endpoint solution allows enterprises to manage a large number of devices used by their employees.
  • In 2019, Trend Micro Incorporated launched their endpoint security solution, XGen Endpoint Security, which is a combination of cross generational threat defense systems that smartly applies the right solution. 

Segments Covered in the Report:

The global market has been segmented on the basis of solution, deployment mode, end-use industry, and regions. Based on solution, the market is segmented into firewall, antivirus, application control, mobile device security, encryption technologies, and others. Based on deployment mode, the market is segmented into on-premises and cloud. Based on end-use industry, the market is segmented into IT & telecom, BFSI, industrial, education, retail, medical, and others. 

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Key questions answered in this research report:

• • At what pace is global endpoint security market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in endpoint security market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global endpoint security market?
  • Which solution generated maximum revenues in 2021 and identify the most promising solution during the forecast period?
  • What are the various deployment mode areas of global endpoint security market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Endpoint Security Market by Solution

• • Firewall
  • Antivirus
  • Application Control
  • Mobile Device Security (MDS)
  • Encryption Technologies
  • Others

Global Endpoint Security Market by Deployment Mode

• • On-Premises
  • Cloud

Global Endpoint Security Market by End-Use Industry

• • IT & Telecom
  • BFSI
  • Industrial
  • Education
  • Retail
  • Medical
  • Others

Global Endpoint Security Market by Region

• • North America Endpoint Security Market (Option 1: As a part of the free 25% customization)

    • By Solution
    • By Deployment Mode
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Endpoint Security Market (Option 2: As a part of the free 25% customization)

    • By Solution
    • By Deployment Mode
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Endpoint Security Market (Option 3: As a part of the free 25% customization)

    • By Solution
    • By Deployment Mode
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Endpoint Security Market (Option 4: As a part of the free 25% customization)

    • By Solution
    • By Deployment Mode
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Endpoint Security (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Bitdefender
  • ESET
  • Cisco
  • IBM
  • F-Secure
  • Kaspersky Lab
  • Panda Security SL
  • Microsoft
  • Sophos Ltd
  • Trend Micro Incorporated