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 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.