Cloud Endpoint Protection Service Market size is projected to surpass USD 7 Billion by the end of 2035, witnessing around 11% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the market size of cloud endpoint protection service USD 2 Billion. The growth of the market can be attributed to the significantly increasing number of cyberattacks throughout the world, coupled with the rising requirement for efficient protection against such cyberattacks for endpoint protection. For instance, currently, cyber-attacks occur every 38 seconds throughout the world and hacking is used in nearly 46% of such attacks. Furthermore, extensive research associated with cloud endpoint protection services in western countries is also estimated to proliferate the market growth during the forecast period.
In addition to these, factors that are believed to fuel the market growth of cloud endpoint protection services include the rapid rise in connected devices across the globe, along with the surging ratio of endpoint devices. For instance, globally the ratio of connected devices is projected to increase by approximately 42 billion by 2025. Additionally, the worldwide escalating demand for accessible security services is gaining much hype as these services fulfill the requirement of various businesses with their desired endpoint security protection. Hence, this factor is also predicted to present the potential for market expansion over the projected period.
Growth Drivers
Escalating Trend of BYOD (bring your own device) in the Workplace - BYOD (bring your own device) is an organizational policy that permits employees to use their devices for work-related tasks. Accessing emails, connecting to the corporate network, and using corporate apps and data are a few instances of those actions. Bring Your Own Device (BYOD) has developed as a big trend for numerous enterprises around the world in this modern age of agility and internet accessibility, which makes the work environment more productive. Thus, the surging trend of BYOD is estimated to spike the growth of the cloud endpoint protection service market in the projected time frame. For instance, as per a survey, currently, around 68% of people worldwide are utilizing personal devices at work.
Surging Count of Endpoints in Businesses - An endpoint is a distant computing device that exchanges data within the network to which it is linked. When a device joins a network, the exchange of information between two devices within the network begins. Since endpoints are entrances for business data and are prone to assault by nature, cybercriminals target them. They are not protected by network security and rely on people to implement security measures, which leaves chances for human error. Thus, the surging count of endpoints in businesses is also estimated to spur market growth during the forecast period. For instance, currently, on average a business maintains about 136,000 endpoint devices.
Increasing Ratio of Phishing Attacks – For instance, currently, phishing attacks are to account for around 92% of security breaches in organizations throughout the world. The average cost for small and midsize organizations to recover from a phishing assault is around USD 1.8 million.
Dynamic Emergence in Crypto Jacking – Presently, crypto-jacking is incredibly emerging and surging the threat of hacking more than in past years. For instance, crypto-jacking has increased by around 235% by the end of 2022 throughout the world.
Rise in Digitization Across the Globe – Digitalization has become a need of the hour as its implementation is surging at a higher pace. Digitalization lowers expenses while increasing productivity and efficiency. Digitalization enhances an already efficient business procedure. Digital transformation is very helpful to speed up the whole business process. But many times, digitalization come across cyber threat which is highly important to check and control. Hence, growth in digitalization is also estimated to present potential growth opportunities for the market in the coming years. For instance, as per a worldwide survey conducted in 2021, nearly 85% of senior business leaders accepted that digitalization is a primary concern, and around 93% of organizations were involved in some sort of digital program.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~11% |
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Base Year Market Size (2022) |
~ USD 2 Billion |
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Forecast Year Market Size (2035) |
~ USD 7 Billion |
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Regional Scope |
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Organization (SMEs, Large Enterprises)
The global cloud endpoint protection service market is segmented and analyzed for demand and supply by organization size into small and medium-sized enterprises (SMEs), and large enterprises. Out of these two types of segments, the large enterprise segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the escalating adoption of advanced connected technology in large businesses, coupled with the significantly surging adoption of digital transformation. For instance, based on a recent survey, around 75% of large organizations throughout the world acknowledged using at least one emerging technology to manage their operations and finance tasks. Moreover, the increasing adoption of the BYOD policy in workplaces, backed by the rising proportion of work-from-home employees is also fueling the demand for cloud endpoint protection services. For instance, in 2022, approximately 28% of US employees worked remotely. By 2025, around 36 million US employees are projected to work remotely. Hence, this factor is anticipated to further boost the segment growth during the projected time frame.
Component (Solutions, Services)
The global cloud endpoint protection service market is also segmented and analyzed for demand and supply by component into solutions, and services. Amongst these two segments, the solutions segment is expected to garner a significant share. The growth of the segment can be credited to the significant growth in the adoption of endpoint device control solutions, since it is used by various enterprises to have control over the data transferred from enterprises through removable media, such as hard drives, USBs, and iPods. Moreover, the surging count of endpoints in organizations is also a major factor that is estimated to drive segment growth in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Component |
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By Organization Size |
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By Industry Vertical |
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North American Market Forecast
The North American cloud endpoint protection service market, amongst the market in all the other regions, is projected to hold the largest market share of about 40% by the end of 2035. The growth of the market can be attributed majorly to the rising adoption of the internet of things (IoT), and the rapidly rising penetration of the internet in the region. For instance, in the United States, around 93% of people have an internet connection as of 2023, this is up from roughly 72% in 2012. Further, the presence of major vendors and the adoption of cloud-associated services, along with the rapidly increasing adoption of intelligent process automation are also estimated to spur market growth in the region. In addition to this, behavioral analysis for threat and breaching detection is also anticipated to push the market growth further throughout the forecast period in the region.
APAC Market Statistics
The Asia Pacific cloud endpoint protection service market, amongst the market in all the other regions, is projected to hold the second largest share of about 30% during the forecast period. The growth of the market can be attributed majorly to the massive increase in cybercrime threats in the region. For instance, in 2020, approximately 70% of APAC enterprises were breached. Furthermore, nearly 85% of firms reported an increase in the amount of email-based threats. In addition to this, massively increasing 5G infrastructure is also anticipated to drive market growth further during the forecast period in the region. Moreover, the government of several nations in the APAC region are also focusing on data protection on the back of the surging concerns of national security. This as a factor, is also estimated to fuel the market growth over the projected time frame in the region.
Europe Market Forecast
Further, the market in the European region, amongst the market in all the other regions, is projected to hold a considerable share of about 17% by the end of 2035. The growth of the market can be attributed majorly to the escalating focus of the government on increasing cybersecurity infrastructure. In addition to this, nations such as the United Kingdom, and Germany has raised their information and technology (IT) budget to tackle the surging stances of cyber-attacks is another prominent factor that is estimated to provide numerous growth opportunities for the cloud endpoint protection service market in the concerned region during the forecast period.
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AO Kaspersky Lab has acquired 49% of the developer of container security solutions Ximi Pro. Through this acquisition, the company is estimated to be able to provide full-featured protection within its Cloud Workload Protection concept. Furthermore, it will add the ability to detect and respond to threats within the container's infrastructure to its upcoming XDR solution.
Trend Micro Incorporated announced a first-of-its-kind OT-native endpoint security solution as part of a comprehensive security solution for smart factories. The concerned security solution is capable of providing cybersecurity without disrupting ICS environments.
Author Credits: Abhishek Verma, Hetal Singh
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