Cloud Endpoint Protection Industry - Regional Synopsis
North American Market Forecast
The North American cloud endpoint protection market is set to dominate 40% share by the end of 2037. The market growth is impelled by 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 will spur the market growth in the region.
APAC Market Statistics
The Asia Pacific cloud endpoint protection market is predicted to hold share of over 30% during the forecast period, driven by 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, massively increasing 5G infrastructure is anticipated to drive the market growth. 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.
Europe Market Forecast
The cloud endpoint protection market in the European region will register lucrative CAGR till 2037. The market growth is fueled by escalating focus of the government on increasing cybersecurity infrastructure. In addition, 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 market growth opportunities.
