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In 2021, the global endpoint security market reached $14.7 billion and is anticipated to grow to $31.91 billion by 2031, with a CAGR of 8.41% from 2022 to 2031.
The COVID-19 pandemic prompted lockdowns and remote work, elevating cyber risks. The surge in fake COVID-19 websites and attacks on corporate emails intensified the need for robust endpoint security. Endpoint security safeguards end-user devices from malicious activities, crucial given the proliferation of devices and the rise in data breaches.
Factors driving market growth include increased BYOD adoption, a surge in connected devices, and the need for protection against evolving cyber threats. However, a shortage of skilled workers poses a challenge. The adoption of AI-enabled automated responses presents growth opportunities.
· Solution Type: Endpoint Protection Platform (EPP), Endpoint Detection and Response (EDR).
· Deployment Mode: On-premises, Cloud.
· Enterprise Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs).
· Industry Vertical: IT and Telecom, Healthcare, Manufacturing, BFSI, Retail and E-commerce, Government and Defense, Others.
· Region: North America, Europe, Asia-Pacific, LAMEA.
Microsoft, CrowdStrike, Check Point, Cisco, Trend Micro, Broadcom, Kaspersky Lab, SentinelOne, McAfee, Comodo Security.
On-premise deployment dominated in 2021, offering control and customization. However, cloud deployment is expected to grow due to flexibility and financial advantages.
North America led in 2021, driven by increased connected devices. Asia-Pacific is anticipated to witness the highest growth, fueled by technological advancements and demand for endpoint protection.
· BYOD Adoption: The increase in BYOD policies contributes to the growing number of endpoints, necessitating endpoint security solutions.
· Connected Devices: The rise in digitalization and connected devices intensifies network attacks, making endpoint security crucial.
· Government Initiatives: Government initiatives globally enhance endpoint security services, contributing to market growth.
· Quantitative analysis of market segments, trends, and opportunities.
· Insights into key drivers, restraints, and opportunities.
· Porter's five forces analysis for informed decision-making.
· In-depth analysis of market trends, players, segments, and growth strategies.
· Market Size by 2031: USD 31.91 billion.
· Growth Rate: CAGR of 8.41%.
· Forecast Period: 2021 - 2031.
· The endpoint security market experiences renewed growth, driven by enhanced security implementations.
· BYOD trends and the surge in connected devices fuel the demand for endpoint security.
· Partnerships, such as RSA and Exclusive Networks in 2022, enhance cybersecurity strategies in response to evolving threats.
· In conclusion, the endpoint security market's trajectory reflects the evolving threat landscape and the increasing need for robust security solutions in the digital age.
In 2021, the global endpoint security market reached $14.7 billion and is anticipated to grow to $31.91 billion by 2031.
The global market is projected to grow at a CAGR of 8.41% during the forecast period, 2023-2031.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65529
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