Endpoint Security Market
The Endpoint Security Market is estimated to reach USD 22,604 billion by 2027, exhibiting a CAGR of 7.1% over the forecast period (2020-2027).
The factors driving the growth of Endpoint Security Market includes rising incidences of cyberattacks and data breaches around the world, trending concept of Bring Your Own Device (BYOD), increase in the number of connected devices. According to the report published by Statista, the number of Internet of Things (IoT) connected devices worldwide were estimated around 8.6 billion and this figure is predicted to reach 29.4 billion by the end of 2030, which will accelerate the Endpoint Security Market share in the approaching years. Moreover, growing adoption of advanced technologies such as Machine Learning (ML) and Artificial Intelligence (AI) by major corporations, rise in the launch of innovative solutions and mergers and acquisitions between key industry leaders, are some of the additional factors supplementing the Endpoint Security Market Growth. In addition, strict regulations imposed by Governments regarding data protection, rise in the amounts of data generated across industry verticals, increasing investments by leading players on research and development and rapid urbanization, are further pushing the Global Endpoint Security Market.
However, the growth of Endpoint Security Market is hindered due to insufficient availability of skilled workforce.
The prominent players operating in the Endpoint Security Market are Panda Security SL, Microsoft, Sophos Ltd, Bitdefender, ESET, Cisco, Trend Micro Incorporated, IBM, F-Secure and Kaspersky Lab, among others.
Based on Deployment Mode, the Cloud segment is predicted to expand at a significant CAGR during the forecast period
Cloud based endpoint solutions are cost effective, eliminates the need to hire IT staff and enhances protection of the organization, are some of the features propelling growth of the segment.
Based on End-Use Industry, the Medical segment is projected to grow at a remarkable CAGR over the forecast period
Rise in the number of data breaches in the healthcare industry and increasing demand for connected medical devices, are some of the factors responsible for the segment’s growth.
Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share during the forecast period
Rise in the number of connected devices, growing adoption of advanced technologies, presence of the leading players such as Cisco, Microsoft Corporation, and IBM, increasing tech savvy population and high per capita incomes, are some of the important factors augmenting the Endpoint Security Market size in North American region.
Key Development
- In 2019, Microsoft publicized the launch of its endpoint manager, which comes with the capabilities of configuration manager and Intune along with Microsoft products & services. This endpoint solution allows enterprises to manage huge number of devices used by their employees.
- In 2019, Trend Micro introduced their endpoint security solution, XGen Endpoint Security, which is a combination of cross generational threat defense systems that smartly applies the right solution.
Market Segmentation
Segmentation by Solution
- Firewall
- Antivirus
- Application Control
- Mobile Device Security (MDS)
- Encryption Technologies
- Others
Segmentation by Deployment Mode
- On-Premises
- Cloud
Segmentation End-Use Industry
- IT & Telecom
- BFSI
- Industrial
- Education
- Retail
- Medical
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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