USD 10.40 billion
Endpoint Security Market Size, Share, Growth Analysis, By Component(Solutions (Endpoint Protection Platform (EPP) (Antivirus, Anti-Spyware/Anti-Malware, Firewall, Endpoint Device Control), By Enforcement Point(Workstations, Mobile Devices, Servers, Point of Sale Terminals), By Enterprise Size(Large Enterprises, Small and Medium Enterprises (SMEs)), By End-User(Government & Public Sector, BFSI, Healthcare, IT & Telecom), By Deployment(Cloud, and On-Premise), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45B2125 |
Region:
Global |
Published Date: June, 2024
Pages:
157
|Tables:
159
|Figures:
78
Endpoint Security Market Insights
Endpoint Security Market size was valued at USD 10.40 billion in 2022 and is poised to grow from USD 11.94 billion in 2023 to USD 36.01 billion by 2031, growing at a CAGR of 14.8% in the forecast period (2024-2031).
The major factors driving the Endpoint security market include rising cyber threat landscape, regulatory compliance requirements, and proliferation of IoT devices. Furthermore, growing popularity of remote work has resulted in increasing adoption of the BYOD (bring your own device) trend, which is bolstering the importance of endpoint protection in almost all organizations. The rapidly evolving threat landscape, growing incidence of cyberattacks and data breaches, and imposition of strict data privacy and security mandates are also estimated to favour the demand for endpoint security over the coming years.
Rising use of cloud technologies and high investments in the development of new cybersecurity measures are also forecasted to benefit endpoint security market development going forward. Additionally, with the rapid proliferation of Internet of Things (IoT) devices, the of endpoint security solutions must adapt to secure these interconnected devices effectively.
According to our analysis, an astounding 96 percent of IT professionals acknowledge the necessity for a more robust security strategy concerning Internet of Things devices within their organizations. This underscores the critical importance of enhancing endpoint security measures to effectively address the evolving challenges posed by the proliferation of IoT devices. As these interconnected devices become increasingly integrated into daily operations, endpoint security solutions must leverage advanced technologies like artificial intelligence and machine learning to provide comprehensive protection and mitigate potential cyber threats across the expanding IoT landscape. On the contrary, the lack of skilled cybersecurity professionals is estimated to slow down the adoption of endpoint security solutions in the long run. Endpoint security companies should invest in the development of next-generation endpoint protection solutions going forward.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Large Enterprisde
Fastest Growth
Small and Medium Enterprises (SMEs)
Growth Rate
14.8% CAGR
Global Endpoint Security Market ($ Bn)
Country Share for North America Region (%)
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Endpoint Security Market Segmental Analysis
The Endpoint security market is segmented based on the component, deployment, enterprise size, end-user, and region. By component, the market is segmented into solutions (Endpoint Protection Platform (EPP) (Antivirus, Anti-Spyware/Anti-Malware, Firewall, Endpoint Device Control, Intrusion Prevention, Endpoint Application Control, Others), Endpoint Detection and Response (EDR)), and services (Professional Services (Training and Consulting, Integration and Implementation, Support and Maintenance), and Managed Services). By enforcement point, themarket is segmented into, Workstations, Mobile Devices, Servers, Point of Sale Terminals, and Others. By deployment, the market is segmented into cloud and on-premise. By enterprise size, the market is segmented into large enterprise and small & medium enterprise. By end-user, the market is segmented into government & public sector, BFSI, healthcare, IT & telecom, transportation, education, manufacturing, retail & e-commerce, and others. By region the market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Endpoint Security Market Analysis by Enterprise Size
The large enterprise segment held highest market share and is expected to continue to do so throughout the forecast period. This is due to their extensive resources, robust infrastructures, and sophisticated cybersecurity needs. These organizations often have dedicated IT teams and sizable budgets to invest in comprehensive endpoint security solutions. Based on Skyquest analysis over 70% of large enterprises prioritize endpoint security investments to protect against cyber threats and ensure regulatory compliance. Additionally, regulatory compliance requirements and the need to protect sensitive data further drive large enterprises to prioritize endpoint security investments, solidifying their dominance in the market.
Conversely, small and medium enterprise segment exhibits the fastest expansion in the endpoint security market. This prominence is attributable to the offering cost-effective and scalable options, which are particularly popular among SMEs. Based on Skyquest in-depth analysis, it is found that SME spending on endpoint security solutions is projected to grow at a CAGR of over 10% in the coming years. With the increasing prevalence of remote work and cloud computing, SMEs are embracing advanced security technologies to protect their digital assets. As a result, SMEs represent the fastest-growing segment in the endpoint security market.
Endpoint Security Market Analysis by Deployment
The on-premise segment held highest market share and is expected to continue to do so throughout the forecast period. This dominance is owing to factors such as data sovereignty concerns, regulatory compliance requirements, and established infrastructures. On-premise deployment, characterized by securing all network endpoints from a solution hosted and maintained on in-house servers. Many organizations, particularly in highly regulated industries like finance and healthcare, prefer on-premise solutions to maintain full control over their data and ensure compliance with industry regulations. Additionally, legacy systems and traditional IT environments often necessitate on-premise deployments for seamless integration and interoperability.
Conversely, cloud segment exhibits the fastest expansion in the Endpoint security market. Cloud-based deployment, involving securing all network endpoints from a solution hosted and maintained on cloud vendor servers. It is often referred to as "endpoint protection,". This solution provides a cost-effective option that can be up and running in minutes. Cloud-based solutions offer numerous advantages, including access to vendor databases and monitoring for rapid threat response. Furthermore, users benefit from automatic data backups, quicker patching for remote devices, and remote system control, making cloud-based endpoint security solutions an appealing choice for organizations seeking agility and efficiency.
Global Endpoint Security Market By Enterprise Size ($ Bn)
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Endpoint Security Market Regional Insights
North America is estimated to dominate the market with a substantial share in the endpoint security market. This dominance is due to multitude of key players providing cutting-edge solutions across sectors like BFSI, automotive, and healthcare. The presence of strict security regulations such as California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR), and efforts to maintain compliance to the same are projected to promote endpoint security adoption in this region. Increasing efforts of organizations to safeguard their data from cyberattacks and data breaches is also boosting the demand for endpoint security in this region. Canada and the United States are slated to be the leading markets for endpoint security companies in North America.
On the other hand, Asia-Pacific, is projected to be the fastest growing region in this market. Growing demand for cloud computing and increasing adoption of the BYOD (bring your own device) trend are projected to be key factors promoting the demand for endpoint security in the Asia Pacific region. Rapid digitization of different industry verticals is also estimated to help Asia Pacific region maintain its stance as the fastest-growing regional market. Expanding the network of endpoints in this region will also favour market growth. China, India, and Japan are the top countries endpoint security market players should invest in going forward.
Global Endpoint Security Market By Region
- Largest
- Fastest
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Endpoint Security Market Dynamics
Endpoint Security Market Drivers
Rising Number of Connected Devices
- The increasing number of connected devices propels market proliferation. Recent data indicates a significant increase in the number of IoT devices. Based on our analysis, it is found that connected devices predicted to rise to 50 billion devices by 2030. This rise in connected devices amplifies the potential attack surface for cyber threats, demanding robust endpoint security solutions.
Rising trend of BYOD
- The shift to Bring Your Own Device (BYOD) culture drives Endpoint Security market growth. In today’s workplace, employees now use personal devices for work, blurring boundaries between personal and professional tech. While this enhances flexibility, and this trend also introduces new cyber threats. Protecting endpoints across diverse devices becomes crucial for safeguarding corporate data and preventing unauthorized access.
Endpoint Security Market Restraint
Regulatory Compliances Hinders Market Growth
- Endpoint security and regulatory compliance encounter various challenges. For instance, in 2023, the surge in cyber threats, from ransomware to data breaches, poses a significant risk to endpoint devices like computers and smartphones. Additionally, the BYOD trend raises concerns about data loss and unauthorized access to sensitive information. Lack of visibility into endpoint activities and inadequate access controls further worsen security vulnerabilities.
Lack of Skilled Labours in Endpoint Security
- A significant restrain in the Endpoint security market is the overall lack of skilled labours. Based on our analysis, the skill gap has impacted approximately 57% of organization dealing with cybersecurity. This shortage is forecasted to hinder the effective deployment and management of endpoint security solutions, which in turn will limit the industry growth potential.
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Endpoint Security Market Competitive Landscape
The global endpoint security market is highly dynamic, with companies continuously innovating to offer cost-effective solutions. Endpoint security companies should also collaborate with other companies to expand their threat detection capabilities in the long run. Incorporation of advanced technologies will also be a key area of focus for endpoint security market players in the long run. Market leaders such as Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Palo Alto Networks, Inc., Broadcom Inc., and others are continuously enhancing their product offerings by integrating cutting-edge technologies. Meanwhile, smaller players are engaging in strategic alliances to bolster their market presence and stay competitive. Major players maintain their edge through technological alliances, partnerships, and collaborations with industry peers. Key strategies employed by market leaders involve upgrading existing products and introducing new ones to align with evolving industry requirements.
Endpoint Security Market Top Player’s Company Profiles
- Trend Micro Incorporated (Japan)
- Broadcom (US)
- Fortinet Inc (US)
- Cisco Systems, Inc. (US)
- McAfee, Inc. (US)
- Palo Alto Networks, Inc. (US)
- Check Point Software Technologies (Israel)
- Microsoft Corporation (US)
- IBM Corporation (US)
- Comodo Security Solutions, Inc. (US)
- Sophos Ltd. (UK)
- CrowdStrike (US)
- Ivanti (US)
- AO Kaspersky Lab (Russia)
- Panda Security (Spain)
- F-Secure (Finland)
- Blackberry Limited (Canada)
- ESET, spol. s r.o. (Slovakia)
- VMware (US)
- Bitdefender (Romania)
Endpoint Security Market Recent Developments
-
In February 2024, Palo Alto Networks, a renowned cybersecurity provider based in the United States, launched a new endpoint security platform called Cortex. The solution is expected to help companies improve their endpoint security and platformization as well.
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In February 2024, NinjaOne and SentinelOne announced the launch of a new strategic partnership to optimize and improve endpoint security. The companies intend to combine IT operations and cybersecurity solutions to achieve their goal.
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In April 2023, Trellix, a leading name in the cybersecurity space, announced the launch of a new endpoint security suite. Trellix Endpoint Security Suite is a complete end-to-end security solution for all types of organizations.
Endpoint Security Key Market Trends
- Next Generation Endpoint Security: Endpoint security solution providers should develop next-generation solutions integrated with advanced technologies like artificial intelligence and machine learning. These innovations can offer functionalities such as behaviour analysis and predictive threat detection, enhancing the overall efficacy of security measures. By leveraging these cutting-edge technologies, providers can address sophisticated cyber threats more effectively and meet the evolving security needs of their clients.
- Rising Importance of IoT Security: The proliferation of Internet of Things (IoT) devices is driving the need for robust endpoint security solutions. As we know each connected device represents a potential entry point for cyber threats. Additionally, even when manufacturers implement firmware security into their devices, these are often weak and can produce security integration issues with legacy endpoint security solutions. This trend highlights the need for comprehensive security strategies that protect all endpoints within an IoT ecosystem.
Endpoint Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
As per SkyQuest analysis, rising sophistication of cyberattacks and increasing popularity of the Bring Your Own Device (BYOD) trend are projected to primarily bolster the demand for endpoint security. Impact on performance of a system and dearth of skilled cybersecurity personnel are slated to be key constraints for endpoint security market development going forward. Collaborations and partnerships are slated to be popular strategies for endpoint security market players. North America is estimated to spearhead the demand for endpoint security across the forecast period. Endpoint security companies should invest in the development of next-gen endpoint security solutions to maximize their sales potential going forward.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.40 billion |
| Market size value in 2031 | USD 36.01 billion |
| Growth Rate | 14.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Endpoint Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Endpoint Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Endpoint Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Endpoint Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Endpoint Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Endpoint Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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