The latest report by IMARC Group, titled “Endpoint Security Market Report by Component (Software, Service), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Vertical (Banking, Financial Services and Insurance (BFSI), IT and Telecommunications, Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and E-Commerce, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the endpoint security market share.
How big is the endpoint security market?
The global endpoint security market size reached US$ 18.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.8 Billion by 2032, exhibiting a growth rate (CAGR) of 9.7% during 2024-2032.
Factors Affecting the Growth of the Endpoint Security Industry:
- Rising Cyber Threats and Attacks:
The endpoint security market is primarily driven by the increasing frequency and sophistication of cyber threats. Cybercriminals are employing more advanced techniques, such as ransomware, phishing, and zero-day exploits, and targeting endpoints to gain unauthorized access to sensitive data. The increasing number of attacks drives the need for robust endpoint security solutions that can effectively detect, prevent, and respond to these threats. Endpoint security tools, such as antivirus software, endpoint detection and response (EDR), and threat intelligence solutions, are essential for safeguarding devices against malicious activities, ensuring a continuous demand for advanced endpoint security solutions.
- Expansion of Remote Work and BYOD Policies:
The rise of remote work and Bring Your Own Device (BYOD) policies has significantly impacted the endpoint security landscape. As more employees work remotely or use personal devices for work purposes, organizations face increased security risks associated with managing and securing a diverse array of endpoints. Endpoint security solutions address these new challenges by providing protection across various types of devices and networks through solutions that offer secure access, data encryption, and remote management capabilities. The expansion of remote work and BYOD policies drives the demand for endpoint security solutions that can ensure consistent protection and compliance across a wide range of devices and user scenarios.
- Regulatory Compliance and Data Privacy Requirements:
The endpoint security market is also propelled by increasing regulatory requirements and data privacy concerns. Regulations such as the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and various industry-specific standards impose strict guidelines on how organizations must protect sensitive data and ensure data privacy. Compliance with these regulations often requires implementing robust security measures, including endpoint protection, to safeguard against data breaches and unauthorized access. As businesses seek to ensure both regulatory compliance and the safety of sensitive information, the need to comply with evolving data protection laws drives the adoption of endpoint security solutions.
For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/endpoint-security-market/requestsample
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
- Avast Software s.r.o.
- Broadcom Inc.
- Check Point Software Technologies Ltd.
- Cisco System Inc.
- Fortinet Inc.
- International Business Machines Corporation
- Kaspersky Lab
- McAfee Corp.
- Microsoft Corporation
- Sophos Group plc
- Trend Micro Incorporated
Endpoint Security Market Report Segmentation:
By Component:
- Software
- Services
Software accounts for the maximum number of shares in the market due to the increasing sophistication and frequency of cyber threats targeting endpoints such as laptops, desktops, mobile devices, and servers.
By Deployment Mode:
- On-premises
- Cloud-based
On-premises holds the largest market share on account of the advantages it offers regarding data sovereignty and direct management of security resources.
By Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Large enterprises dominate the market due to their expansive networks, complex IT infrastructures, and significant data volumes.
By Vertical:
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecommunications
- Government and Defense
- Healthcare and Life Sciences
- Manufacturing
- Retail and E-Commerce
- Others
IT and telecommunications represent the leading market segment on account of their need for real-time threat detection, network visibility, and threat response automation to safeguard against advanced persistent threats (APTs) and zero-day attacks.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America’s dominance in the endpoint security market is attributed to the presence of numerous established cybersecurity firms, high levels of cybersecurity awareness, and stringent regulatory frameworks in the region.
Global Endpoint Security Market Trends:
The growth of the endpoint security market is also influenced by the increasing complexity of IT environments due to digital transformation initiatives. As organizations adopt cloud computing, virtualization, and hybrid IT environments, their IT infrastructures become more intricate and distributed. Since traditional security measures may not be sufficient to address the unique challenges presented by these environments, the integration of endpoint security with other security frameworks, such as Security Information and Event Management (SIEM) and Security Orchestration Automation and Response (SOAR) platforms, becomes essential for managing and mitigating risks in a multifaceted IT landscape. As digital transformation continues to reshape IT environments, the demand for adaptable and integrated endpoint security solutions that can address these evolving complexities grows, driving the industry forward.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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