The cloud endpoint protection service market is estimated to grow with a high CAGR during the forecast period, i.e., 2021-2029. Extensive research associated with cloud endpoint protection service in western countries, along with the growing number of breaches and attacks on endpoints are expected to fuel the progress of the cloud endpoint protection service market. The growth of the market can also be attributed to factors such as the increasing number of endpoint devices. The rapidly increasing connected devices, adoption of the (bring your device) BYOD trend, and other mobility solutions are projected to drive the adoption of cloud endpoint protection solutions even further.
The market is segmented based on component into solutions and services out of which, the solutions segment is anticipated to grab the largest market size during the forecast period, owing to the growth of endpoint device control solutions, since it is used by enterprises to have control over the data transferred from enterprises through removable medias, such as hard drives, USBs, and iPods.
The cloud endpoint protection service market is segmented by organization size into large and small & medium-sized enterprises. The segment for large-sized enterprises most widely adopts the cloud endpoint protection solutions owing to high implementation of bring your device (BYOD) services in this segment. CLICK TO DOWNLOAD SAMPLE REPORT
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in North America is expected to hold the largest market size, owing to the presence of major vendors and adoption of cloud associated services. Furthermore, Asia Pacific region is expected to provide several opportunities for cloud endpoint protection vendors and projected to grow at the highest CAGR during the forecast period, which can be credited to the growing number of technological advancements in the IT sector in the region.
The cloud endpoint protection service market is further classified on the basis of region as follows:
Our in-depth analysis of cloud endpoint protection service market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increase in the number of endpoint devices and Growing number of breaches and attacks on endpoints are the key factors driving market growth.
The cloud endpoint protection service market is anticipated to attain a high CAGR over the forecast period, i.e., 2020-2029.
Dynamic IT infrastructure and Increasing cyber threat are estimated to hamper market growth.
The major players dominating the cloud endpoint protection service market are NortonLifeLock Inc., Sophos Group plc, Cisco Systems, Inc, Trend Micro Inc., SentinelOne, Fortinet, Inc., Commvault, McAfee Corp, Palo Alto Networks, Inc. among others.
The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by components, organisation size, industrial vertical and region.
With respect to application, banking financial services and insurance, IT and telecom, government and defence are the industrial vertical which are estimated to hold the largest market size in the forecast period.
Solution segment is anticipated to grab the largest market size during the forecast period, owning to the growth of endpoint device control solutions.
The market in Asia Pacific region is expected to provide several opportunities for cloud endpoint protection vendors and grow at the highest CAGR during the forecast period owing to the adoption of cloud associated services.
Select License Type
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization