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

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.