Endpoint Security Global Market Report 2024

End-point security refers to a process of securing or protecting devices such as laptops, mobile phones, desktops, and tablets from cyber-attacks and malicious threats. With the help of this, businesses can protect their devices that are used by employees for work purposes. The end-point security is used to protect organizations from increasingly dangerous cyber threats.

The main components of end-point security are software and services. Software is a collection of instructions, programs, or data that are used to run computers and perform specific tasks. The major deployments are on-premise and in the cloud. The main enterprise sizes are large enterprises and small and medium enterprises. The various verticals include banking, financial services and insurance (BFSI), telecommunications and IT, government and defense, healthcare and life sciences, manufacturing, retail and e-commerce, and other verticals.

The endpoint security market research report is one of a series of new reports that provides endpoint security market statistics, including endpoint security industry global market size, regional shares, competitors with an endpoint security market share, detailed endpoint security market segments, market trends and opportunities, and any further data you may need to thrive in the endpoint security industry. This endpoint security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The endpoint security market size has grown strongly in recent years. It will grow from $16.32 billion in 2023 to $17.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rise in cyber threats, digital transformation, compliance requirements, remote work trends, advanced persistent threats.

The endpoint security market size is expected to see rapid growth in the next few years. It will grow to $26.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to zero trust security models, cloud-based endpoint security, iot security concerns, integrated security platforms. Major trends in the forecast period include increased remote work, sophistication of cyber threats, zero trust security model adoption, integration of artificial intelligence and machine learning, endpoint detection and response (edr) evolution.

The increasing number of end-points is expected to propel the growth of the end-point security market going forward. An endpoint is a distant computing device that interacts with a network it is linked to on a regular basis. Smartphones, desktop computers, and laptops are some examples of endpoints. Endpoint security is a technique used to stop cybercriminals and campaigns from using endpoints or entry points of end-user devices, such as PCs, laptops, and mobile devices, for malicious purposes. For instance, in October 2021, according to The Economic Times, an Indian business newspaper, India had the highest mobile data consumption rate at 12 gigabytes or GB per user a month in the world, and the country is adding 25 million new smartphone users every quarter. Therefore, the increasing number of end-points is driving the end-point security market growth.

The increasing adoption of IoT is expected to propel the growth of the end-point security market going forward. IoT refers to the interconnected network of physical objects or things embedded with sensors, software, and other technologies, allowing them to collect and exchange data over the internet. IoT devices can provide additional endpoints for security monitoring and threat detection, enable real-time monitoring and automated responses, and reduce the risk of security breaches and data loss, offering a more comprehensive view of the network and potential vulnerabilities. For instance, in March 2023, according to Exploding Topics, a US-based online platform, by 2030, it is predicted that there will be 25.4 billion Internet of Things devices. Therefore, the increasing adoption of IoT is driving the growth of the end-point security market .

Major companies operating in the end-point security market are focusing on innovative products such as endpoint security cloud pro to drive revenues in their market. Endpoint security cloud pro gives businesses the chance to leverage cutting-edge technology to safeguard more complicated settings with the convenience of a cloud solution and without having to pay extra for specialized training. For instance, in April 2022, Kaspersky Lab, a Russia-based company that provides endpoint security solutions launched endpoint security cloud pro. Endpoint Security Cloud Pro include an expanded range of security controls and automatic response options. To improve cybersecurity proficiency and maximize the use of specialist security products, IT professionals can also benefit from integrated training in the pro version. With the help of endpoint detection and response, a feature of Kaspersky endpoint security cloud pro, managers can enhance their organization's security posture by quickly responding to an attack and visualizing its spread path .

Major companies operating in the end-point security market are focusing on innovative products such as trend vision one to drive revenues in their market. The trend vision one platform's goal is to provide enterprises the tools they need to develop robust cyber programs and manage risk proactively, preventing any incidents and breaches. For instance, in July 2023, rend Micro Incorporated, a Japan-based cybersecurity company launched trend vision one. The platform simplifies IT and security operations by combining protection, detection, and response. The next-generation solution integrates data centers, servers, cloud workloads, user endpoints, and prevention, detection, and response. The goal of this all-inclusive solution is to assist clients with their IT transformation process.

In November 2021, International Business Machines Corporation, a US-based technology corporation acquired ReaQta for an undisclosed amount. With the acquisition, IBM will increase its capabilities in the extended detection and response (XDR) market, in line with its strategy to provide security through an open approach that covers various tools, data, and hybrid cloud environments. ReaQta is a Netherlands-based provider of cyber security solutions.

Major companies operating in the in the endpoint security market report are VMware Inc., McAfee Corp., Sophos Group plc, Palo Alto Networks Inc., Panda Security S. L., FireEye Inc., Microsoft Corporation, CrowdStrike Holdings Inc., Trend Micro Incorporated, Kaspersky Lab AO, Cisco Systems Inc., SentinelOne Inc., Juniper Networks Inc., AVG Technologies CZ s. r. o., BlackBerry Limited, Check Point Software Technologies Ltd., Broadcom Inc., Comodo Security Solutions Inc., Symantec Corporation, Carbon Black Inc., F-Secure Corporation, Bitdefender SRL, Webroot Inc., Malwarebytes Corporation, Cylance Inc., Fortinet Inc., SonicWall Inc., Barracuda Networks Inc., WatchGuard Technologies Inc., Proofpoint Inc., Zscaler Inc., Forcepoint LLC, Ivanti Inc.

North America will be the largest region in the end-point security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endpoint security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the endpoint security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The end-point security market consists of revenues earned by entities by providing hybrid cloud security and SaaS security. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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