Global Endpoint Security Market, By Component (Solutions, Services), Deployment Mode (On-premise, Cloud), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises (SMEs)), Vertical (Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and e-commerce, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
With the rapid digitization across industries, organizations have become more prone to risks such as hacktivists, malicious and accidental insider threats, and organized crime, among others. Endpoint security is being widely deployed as cybersecurity's frontline. This technology is one of the first places organizations consider for securing enterprise networks.
Global Endpoint Security Market was valued at USD 14.96 billion in 2021 and is expected to reach USD 27.89 billion by 2029, registering a CAGR of 8.10% during the forecast period of 2022-2029. Cloud is expected to witness high growth in the deployment mode segment of the market owing to the lessen need for an IT staff to manage the software. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Endpoint security plays a crucial step in securing endpoint devices such as laptops, desktops and mobile devices among others, which act as point of access to any structured network. Endpoint security technologies are equipped with several benefits such as protection for vulnerable services, provide network security for cloud security, internet, and enhanced data privacy and policy enforcement. Endpoint security has gained a huge importance over the past years and has become a common part of individuals’ life those are associated with a smartphone or computer and smart devices.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Solutions, Services), Deployment Mode (On-premise, Cloud), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises (SMEs)), Vertical (Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and eCommerce, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Microsoft (US), CrowdStrike (US), Broadcom (US), Trend Micro Incorporated (Japan), Sophos Ltd (UK), McAfee, LLC (US), AO Kaspersky Lab (Russia), VMware, Inc (US), SentinelOne (US), ESET (Slovakia), BlackBerry Limited (Canada), Bitdefender (Romania), FireEye, Inc (US), Cisco Systems, Inc. (US), Panda Security (Spain), F-Secure (Finland), Palo Alto Networks (US), Check Point Software Technologies Ltd (Israel), Fortinet, Inc. (US), Comodo Security Solutions, Inc. (US), and Ziff Davis, Inc., among others
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Market Opportunities
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Endpoint Security Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Management of Risks
The use of endpoint security among organizations for understanding, anticipating and holistically managing their risks acts as one of the major factors driving the endpoint security market. These solutions are effective to make strategic decisions effectively, and respond efficiently.
- Implementation of Stringent Regulations
The rise in implementation of stringent regulations and mandates by the government across various end-user verticals accelerate the market growth. Also, increase in the adoption of eGRC solutions that fulfill the need for audit, management, and compliance, among others has a positive impact on the market.
- Rise in Threats
The rise in threats amongst organizations due to digitalization and sharing of large amount of data accelerate further influence the market. The increase in cybersecurity threat is acting as another factor driving the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the endpoint security market.
Opportunities
Furthermore, rise in demand for securing IT infrastructure in the media and entertainment vertical extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments will further expand the market.
Restraints/Challenges
On the other hand, high cost associated with the innovation and budget constraints, and use of free or pirated endpoint protection solutions are expected to obstruct market growth. Also, skepticism regarding cloud-based endpoint security and dynamic IT infrastructure are projected to challenge the endpoint security market in the forecast period of 2022-2029.
This endpoint security market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on endpoint security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Endpoint Security Market
COVID-19 had a positive impact on the endpoint security market due to the rise in number of industry verticals adopting endpoint security tools during the outbreak of COVID-19. Numerous industries, especially banking, financial services and insurance (BFSI), along with telecommunications and IT was deploying endpoint security to secure consumer data. The endpoint security market is expected to witness high growth in the post-pandemic scenario owing to the rise in awareness regarding the potential benefits of endpoint security and increase in adoption of BYOD.
Recent Developments
- Microsoft launched its endpoint manager in May’2019 that includes both the capabilities of Intune and configuration manager, coupled with Microsoft services and products. The endpoint manager is essential for managing a large number of devices used by employees.
- Broadcom acquired the enterprise security business of Symantec in August’2019. The acquisition aims at expanding Broadcom's infrastructure software footprint.
Global Endpoint Security Market Scope and Market Size
The endpoint security market is segmented on the basis of component, deployment mode, organization size, and vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Solutions
- Endpoint Protection Platform (EPP)
- Endpoint Detection and Response (EDR)
- Services
Professional Services
- Training and Consulting
- Integration and Implementation
- Support and Maintenance
- Managed Services
Deployment Mode
- On-premises
- Cloud
Organization Size
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
Vertical
- Banking, Financial Services and Insurance (BFSI)
- Telecommunications and IT
- Government and Defense
- Healthcare and Life Sciences
- Manufacturing
- Retail and eCommerce
- Others
- Transportation and Logistics
- Travel and Hospitality
- Media and Entertainment, and Education
Endpoint Security Market Regional Analysis/Insights
The endpoint security market is analysed and market size insights and trends are provided by country, component, deployment mode, organization size, and vertical as referred above.
The countries covered in the endpoint security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the endpoint security market due to the high proliferation of Internet services and mobile phones within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the popularity of BYOD and cloud computing trends in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Endpoint Security Market
The endpoint security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to endpoint security market.
Some of the major players operating in endpoint security market are
- Microsoft (US)
- CrowdStrike (US)
- Broadcom (US)
- Trend Micro Incorporated (Japan)
- Sophos Ltd (UK)
- McAfee, LLC (US)
- AO Kaspersky Lab (Russia)
- VMware, Inc (US)
- SentinelOne (US)
- ESET (Slovakia)
- BlackBerry Limited (Canada)
- Bitdefender (Romania)
- FireEye, Inc (US)
- Cisco Systems, Inc. (US)
- Panda Security (Spain)
- F-Secure (Finland)
- Palo Alto Networks (US)
- Check Point Software Technologies Ltd (Israel)
- Fortinet, Inc. (US)
- Comodo Security Solutions, Inc. (US)
- Ziff Davis, Inc.
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