The ‘Global Endpoint Security Market Size, Share, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global endpoint security market, assessing the market on the basis of its segments like solution, deployment mode, enterprise size, industry vertical, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Endpoint Security Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 15.49 Billion
- Forecast CAGR (2023-2028): 8%
- Forecast Market Size (2028): USD 24.4 Billion
The global endpoint security market is being driven by the increasing use of various smart devices due to the rising Bring Your Own Device (BYOD) culture in offices and growing prevalence of cyber threats. The prevalence of cyber threats is on the rise, affecting organisations across industries and with increasing digitalisation, the potential dangers of cyber-attacks are growing rapidly. Accordingly, organisations are investing in efficient cyber security measures, including endpoint security, aiding the endpoint security market growth.
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More companies and organisations are supporting BYOD systems for seamless operations and greater operational ease, however, these devices may pose a security risk. Integrated networks and use of remote location servers have also led to the usage of a higher number of endpoints across organisations. In crucial industry verticals such as BFSI, healthcare, government and defence, and IT and telecom, breaches along endpoint devices can be severely damaging, which is augmenting the demand for the endpoint security market.
Implementation of endpoint security, particularly endpoint detection and response is witnessing rapid growth. These solutions are technology advanced and help in fast and efficient detection of endpoint breaches and aid in deploying suitable responses. For many organisations, endpoint detection and response acts as a first line of defence for endpoints.
Endpoint Security Industry Definition and Major Segments
Endpoint security is a form of cybersecurity that focuses on the protection of various endpoints of computer networks, including electronic devices such as smartphones, desktops, and laptops. Also known as endpoint protection, endpoint security involves detecting, analysing, and blocking suspicious or malicious attacks and threats on devices connected to a network.
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Based on solution, the market is divided into:
- Endpoint Security
- Endpoint Detection and Response
On the basis of deployment mode, the market is bifurcated into:
- On-Premise
- Cloud
By enterprise size, the market is classified into:
- Large Enterprises
- Small and Medium Enterprises
Based on industry vertical, the market is segmented into:
- IT and Telecom
- Healthcare
- Manufacturing
- BFSI
- Retail and E-commerce
- Government and Defence
- Others
On the basis of region, the market is categorised into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Endpoint Security Market Trends
Suring popularity of cloud deployment modes is a key trend influencing the endpoint security market as cloud-based solutions for endpoint security offer multiple benefits such as easy maintenance, scalability, cost-effectiveness, and remote management. With cloud deployment modes, enterprises can deploy endpoint security solutions without need for an in-house management team, thereby significantly reducing costs and maintaining effectiveness.
Although large enterprises account for a sizable share of the market for endpoint security, supported by increased number of devices and networks, the demand from small and medium enterprises is on the rise. Availability of customisable, affordable, and reliable endpoint security solutions are bolstering the adoption among small and medium enterprises.
Increasing awareness regarding the importance of endpoint security is another crucial trend in the endpoint security market. While several industries have been early users of endpoint security, more enterprises are investing in endpoint security due to awareness of the benefits it offers. Expansion of key players in the market is also aiding penetration of endpoint security services across industries and regions.
Regionally, North America occupies a significant share of the global market for endpoint security, driven by the high penetration of technology, increasing data generation, mature IT market, and widespread awareness. Early adoption of advanced technologies such as artificial intelligence and automation are also leading to improvements in endpoint security capabilities.
Key Market Players
The major players in the global endpoint security market report are:
- S.C. Bitdefender s.r.l.
- ESET, spol. s r. o.
- HCL Technologies Limited
- The International Business Machines Corporation
- Trend Micro Incorporated
- Palo Alto Networks, Inc.
- Broadcom, Inc.
- Microsoft Corporation
- CrowdStrike, Inc.
- Sophos Limited
- AO Kaspersky Lab
- Others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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