Global Endpoint Security Market By Solutions (Endpoint Protection Platform (EPP) and Endpoint Detection and Response (EDR)), By Services (Professional Services and Managed Services), By Deployment Mode (On-premises and Cloud), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises (SMEs)), By Vertical (Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and eCommerce and Others (Transportation and Logistics, Travel and Hospitality, Media and Entertainment, and Education)) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and America – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Global Endpoint Security Market Overview

Endpoint security solutions safeguard both the network and the access points that connect internal data to externally connected devices like laptops, cellphones, and connected devices. It is regarded as the frontline cybersecurity solution for securing various enterprise networks. Increased implementation of bring-your-own-device (BYOD) policies is expected to propel market growth. Cloud, artificial intelligence (AI), the internet of things (IoT), connected devices, and other advanced technologies are critical in developing endpoint solutions. To meet the increasing product demand across various industries, the market's key players are developing advanced security solutions. Artificial intelligence is being considered as a possible solution for preventing external threats and data breaches. With the proliferation of end-user devices, interfaces, and advanced technologies such as cloud services, 5G, and the internet of things, improved and efficient endpoint protection has become critical.

The increased use of remote location servers, smartphones, and connected devices in organizations has increased the number of endpoints. Attacks and data breaches may become more likely as the number of endpoints grows. Endpoint solutions protect every endpoint while monitoring malicious activity and device behavior. As a result, the increasing adoption of BYOD policies is expected to drive endpoint security market growth. Network attacks are becoming more common across industries as a result of increased digitalization and connected devices. Attackers select endpoints to gain access to a company's secure network. These attackers can bypass the secured enterprise network by using laptops, smartphones, wearable devices, and other similar devices. Similarly, the increasing use of solutions like the internet of things, industrial control systems, and smart sensors is likely to attract endpoint attacks. Even though endpoint solutions protect organizations from various attacks, a few factors continue to limit market growth. Many organizations are struggling to find skilled technical professionals to manage their security systems. As technology evolves, providing continuous training to technical staff is becoming prohibitively expensive, particularly for SMEs.

Market Size

According to Business Intelligence Insights “Global Endpoint Security Market is expected to grow from USD 13.4 billion in 2021 to USD 21.2 billion  by 2030, at a CAGR of 7.90% during the forecast period 2022-2030

Covid -19 Impact Analysis

Companies have been forced to implement work-from-home policies for their employees as a result of the ongoing pandemic. Endpoint devices are now more likely to become infected with known or unknown viruses as a result of this. The widespread adoption of temporary work-from-home policies has compelled businesses to rethink their business strategies and increase their investment in security products. This, in turn, will increase product demand for security solutions following the pandemic. During the pandemic COVID-19 pandemic period, there has been an increase in email attacks. According to a PWC report, cyber-attacks in India more than doubled in the first three months of 2020. Similarly, endpoint attacks have had a significant impact on the healthcare industry during this time period.

Market Dynamics

• Drivers
  • Shortage of Skilled Labors to Hamper Market Growth
  • Rising Implementation of Bring Your Own Devices to Propel Growth

• Restraints
  • Shortage of Skilled Labors to Hamper Market Growth

Segmentation Insights

On-premises category dominated the market with more than 60% of the market share

The endpoint security market is divided into cloud and on-premises segments based on deployment mode. The on-premises segment is expected to dominate the market. On-premises security is expected to be driven by organizations that prefer in-house IT solutions. Furthermore, some enterprises are still wary of overcloud deployment security, which will likely limit cloud solutions. The cloud-based endpoint solution segment is expected to grow in popularity due to its ease of deployment and scalability. Several cloud providers provide customized services that help to reduce additional costs. The growing adoption of advanced technologies like the internet of things, Industry 4.0, and connected devices is expected to increase demand for cloud-based security solutions. Similarly, the integration of AI and machine learning technologies will almost certainly necessitate a cloud-based security system.

BFSI category dominated the market with more than 15% of the market share

Based on Vertical, the market is segmented into Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and eCommerce and Others (Transportation and Logistics, Travel and Hospitality, Media and Entertainment, and Education). The BFSI application segment is expected to grow by more than 15%, driven by rising demand to protect data across financial institutions, resulting in widespread adoption of endpoint security solutions by organizations. Companies are adopting and maintaining sophisticated endpoint protection solutions in their IT infrastructures due to stringent government regulations ensuring maximum security and confidentiality of financial data. The exponential growth of fintech platforms, combined with increasing attacks on financial databases, is enabling government institutions to increase their use of strong cyber security initiatives.

 

By Solutions:

• Endpoint Protection Platform (EPP)
• Endpoint Detection and Response (EDR)

By Services:

• Professional Services
• Managed Services

By Deployment Mode:

• On-premises
• Cloud

By Organisation Size:

• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)

By Vertical:

• Banking, Financial Services and Insurance (BFSI)
• Telecommunications and IT
• Government and Defence
• Healthcare and Life Sciences
• Manufacturing
• Retail and eCommerce
• Others (Transportation and Logistics, Travel and Hospitality, Media and Entertainment, and Education)

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • UAE
  • South Africa
  • Rest of Middle East and Africa (MEA)

Key Players

List of Key Players in the Global Endpoint Security Market:

•   Microsoft (US)
•   CrowdStrike (US)
•   Symantec (US)
•   TrendMicro (Japan)
•   Sophos (UK)
•   McAfee (US)
•   Kaspersky (Russia)
•   Carbon Black (US)
•   SentinelOne (US)
•   ESET (Slovakia)
•   Cylance (US)
•   Bitdefender (Romania)
•   Cisco (US)
•   FireEye (US)
•   Panda Security (Spain)
•   F-Secure (Finland)
•   Palo Alto Networks (US)
•   Check Point Software (Israel)
•   Fortinet (US)
•   Malwarebytes (US)
•   Endgame (US)
•   Comodo (US)

Regional Insights

North America dominated the market with more than 40% of the market share

North America is expected to hold the largest share of the Endpoint Security Market, while Asia-Pacific is expected to grow at the fastest CAGR during the forecasted period. Several factors are driving the growth of the Endpoint Security Market, including the use of technology to reduce threats on enterprise endpoints and the widespread adoption of mobile devices that are initially vulnerable to endpoint attacks. Furthermore, the emerging trend of virtualization and virtualization separates physical systems into several virtual machines that will require endpoint protection, escalating demand for Endpoint Security. The rise in IoT adoption and the enormous demand for smart devices around the world are expected to provide lucrative opportunities for the Global Endpoint Security Market in this region.

Table

Report Attributes	Details
Market Size Value in 2021	USD 13.4 billion
Market Size Value in 2030	USD 21.2 billion
Growth Rate	+7.90%
Base Year	2021
Forecast Period	2022-2030
Historical Data	2018-2020
Forecast Units	(USD Billion)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Solutions, By Services, By Deployment Mode, By Organization Size, By Vertical
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

Frequently Asked Questions (FAQ):