Endpoint Security Market By size( large enterprises, SMBs);End-user ( BFSI, IT & Telecom, retail, healthcare, government and public sector, education, transportation and others);By deployment mode (On premises and cloud); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Endpoint Security Market to surpass USD 29.7 Billion by 2030, which is valued at 14.5 billion in 2021 at a compound annual growth rate of 8.30%.
Endpoint Security Market is essentially a centralized approach to protect all endpoints, computers, servers, laptops, smartphones, and other Internet of Things devices linked with the corporate IT network against cyber threats. The market comprises solutions that protect all endpoints inside organizations from malware and inbound network intrusion. With more and more mobiles and other touch devices, such as tablets and POS, endpoint security companies develop applications with improved versatility in management. In most cases, site protection and e-mail point attacks are protected by endpoint security solutions, but additional Site and e-mail defense solutions are introduced to supplement the general protection systems of large organizations.
This growth is anticipated due to the advent of a rising number of endpoints and BYODs among businesses, rising endpoint attacks and breaches, increased costs resulting from endpoint attacks, reduced IT costs, and centrally controlled security and administration.
Large enterprises are anticipated to grow at a CAGR of over 13% from 2019 to 2030
The Global Endpoint Security Market is segmented by size into large enterprises, SMBs Due to the growing usage of safety solutions to prevent critical information, SMBs are also anticipated to experience significant growth over the forecast period. Organizations of all sizes are moving to cloud computing to reduce the burden on their IT support workers, lower costs, and provide advanced service. Cloud technology has been rapidly embraced and security companies have developed comprehensive cloud-based security solutions.
IT & Telecom industry dominated the market with a 25% Market share in 2019 and is anticipated to witness significant growth in the forecasted period
The industry has evolved through a significant expansion process with strict legal and security criteria for information. In addition, increasing acceptance of the BYOD trend is expected to increase demand in the industry.
Increase in the number of attacks on the endpoint
According to the report by Fatpos Global, the number of endpoint attacks has seen a significant rise of 15% since last year. There has been a significant increase in new and unknown attacks on the organization’s endpoints network. With such a rise in the number of endpoint attacks the awareness regarding its security is increasing.
Increase in the trend of BYOD
Many organizations are focusing on bringing your device; this gives access to the company’s network and system bringing the company’s security at stake. The use of endpoint security plays a major role in eliminating such threats.
Lack of awareness
The major concern for the market growth is the lack of awareness. Many organizations are struggling with data breaches and threats to security because of insufficient knowledge. Most organization connects to open network unknown of the threats it can cause. The knowledge of every endpoint should be known to the organization and multilayer protection should be provided. The organization must investigate every device in its organization and all the external devices connected to its security system.
North America is anticipated to dominate the market share in 2021 growing at a CAGR of 8.30% over the forecasted period.
Strict regulations across the Asia Pacific will boost demand for efficient safety solutions in the area that drives production. Countries such as China, India, Malaysia, and Australia are investing significantly in safety endpoints to counter cyber threats and attacks.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Endpoint Security Market size was estimated at USD 14.5 billion in 2021 and is expected to reach USD 29.7 Billion by 2030.
Microsoft (US), Symantec (US), FireEye (US, McAfee (US), Carbon Black (US), ESET (Slovakia), Bitdefender (Romania), Endgame (US), Comodo (US)
Large enterprises and IT & Telecom industry are anticipated to hold the largest Endpoint Security Market
Drivers: Increase in the number of attacks on the endpoint and Increase in trend of BYOD
Endpoint Security Market is essentially a centralized approach to protect all endpoints, computers, servers, laptops, smartphones, and other Internet of Things devices linked with the corporate IT network against cyber threats. The market comprises solutions that protect all endpoints inside organizations from malware and inbound network intrusion.
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