Endpoint Security Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Endpoint Security Market The Endpoint Security market size was valued at USD 13.60 billion in 2023, and the market is now projected to grow from USD 14.86 billion in 2024 to USD 30.29 billion by 2032, exhibiting a CAGR of 9.3% during the forecast period of 2024-2032.
Covid-19 has pressured up a sense of urgency to companies to have employees work from home. In accordance with the pandemic, cybersecurity issues related to endpoints were increasing. IDC predicted at the beginning of 2020 over 70% of attacks were directed toward the Endpoint Security market growth. The recent bursts of electronic mail abuses have surfaced during the pandemic era. A report by essays, it was stated that the cases of cyber-attacks in India more than doubled in the first three months of 2020. Hence, endpoint solutions are expected to have an upswing in this period as the demand.
Enterprises are adopting the BYOD coverage throughout their commercial enterprise units to provide flexibility to the employees. Also, the developing use of faraway region servers, networking and linked gadgets has extended the quantity of endpoints in organizations. Endpoint solutions assist groups in securing endpoints and monitoring unauthorized activities and device conduct. Thus, the growing implementation of the BYOD policy is probable to force the worldwide Endpoint Security Market share boom.
AI-powered solutions are essential for shielding AI-driven organizations against threats and breaches. Cloud offerings and IoT integration enhance endpoint protection. Companies like Cisco, FireEye, and Palo Alto Networks provide AI-primarily based security answers, making use of ML for behavior-primarily based cyber-attack detection and preemptive endpoint protection, which includes zero-day assault identity.
Comprehensive Analysis of Endpoint Security Market
The Endpoint Security Market continues to grow exponentially having been divided into market segments. These segmentations are methodically segregated from each other by Component Analysis, by Deployment Analysis, by User Type Analysis, by Enterprise Type Analysis and by end-users analysis. The administration route analysis involves, intravenous and subcutaneous. Within the Component Analysis, the product includes both software and services. The Deployment Analysis encompasses on-premise as well as cloud. Commercial and Consumer categories are in the User Type Analysis. Large enterprises and Small & Medium Enterprises (SMEs) are within the scope of Enterprise Type Analysis. On one hand, end-user analysis consists of BFSI, telecom & IT, healthcare, retail, healthcare, transportation, government & public sectors, and others.
The North America region lead the Endpoint Security market by benefitting a market size of USD 5.52 billion in 2023 due to the growing utilization of connected devices and the internet of factors across a variety of corporations in the area is driving up demand for security solution.
The key players within the Endpoint Security market play a critical function assuring commercial prospectus growth and setting market standards. These players encompass, BlackBerry Limited (U.S.), Cisco Systems, Inc. (U.S.), Palo Alto Network Inc. (U.S.), Fortinet, Inc. (U.S.), VMware, Inc. (U.S.), CrowdStrike (U.S.), AO Kaspersky Lab (Russia), Ivanti (U.S.), Trend Micro Inc. (Japan), Check Point Software Technologies Ltd. (Israel), Sophos Ltd (U.K.) these market players provide a competitive landscape.
In November 2023, SentinelOne multiplied its alliance with Pax8 to create enormous prospects for MSPs, the cybersecurity company. The two -year agreement would see greater SentinelOne tools coming to the Pax8 marketplace.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 9.3% from 2024 to 2032
Segmentation By Component
Software
Services
By Deployment
On-Premises
Cloud
By User Type
Commercial
Consumer
By Enterprise Type
Small & Medium Enterprises
Large Enterprises
By End-use
BFSI
Telecom & IT
Retail
Healthcare
Government & Public Sector
Transportation
Others
By Region
North America (By Component; By Deployment, By Enterprise Type; By End-use; and Country)
-U.S. (End-use)
-Canada (End-use)
Europe (By Component; By Deployment, By Enterprise Type; By End-use; and Country)
-U.K. (End-use)
-Germany (End-use)
-France (End-use)
-Rest of Europe
Asia Pacific (By Component; By Deployment, By Enterprise Type; By End-use; and Country)
-Japan (End-use)
-China (End-use)
-India (End-use)
-Southeast Asia (End-use)
-Rest of Asia Pacific
Middle East & Africa (By Component; By Deployment, By Enterprise Type; By End-use; and Country)
-South Africa (End-use)
-GCC (End-use)
-Rest of the Middle East & Africa
Latin America (By Component; By Deployment, By Enterprise Type; By End-use; and Country)
-Brazil (End-use)
-Mexico (End-use)
-Rest of Latin America