Endpoint Security Market size is predicted to cross USD 150 billion by the end of 2035, growing at a CAGR of 10% during the forecast period i.e., 2023 – 2035. In the year 2022, the industry size of endpoint security was USD 23 billion. The growth of this market is primarily driven by the increasing adoption of the BYOD trend followed by quite a high number of businesses across the globe. Employers are increasingly using this approach in order to provide flexibility to their workers. Additionally, the increasing use of connected devices and remote location servers has raised the utilization of endpoint security in companies. It helps the organization in tracking unauthorized activity, device behavior, and the safety of endpoints. According to data, 82% of businesses have a BYOD policy in their firm. The use of BYOD increases productivity for 68% of businesses.
In addition to this, the increasing use of connected devices is predicted to witness high endpoint security market growth in the predicted time period. Owing increasing use of open-source connected devices & solutions along with escalating digitalization is expected to drive market growth. Moreover, the prevalence of connected technologies such as IoT, AI, smart sensors, and industrial control systems raises the numerous endpoint attacks that are further expected to give rise to the demand for endpoint security in the further future.
Growth Drivers
Challenges
|
Base Year |
2022 |
|
Forecast Year |
2023 – 2035 |
|
CAGR |
~10% |
|
Base Year Market Size |
~USD 23 billion |
|
Forecast Year Market Size |
~USD 150 billion |
|
Regional Scope |
|
Component (Software, Services)
The services segment is anticipated to account for 55% share of the global endpoint security market by the end of 2035. The growth of this market can be primarily driven by the increasing integration of cloud programs for managing the critical infrastructure of an organization. Additionally, factors such as growing concerns related to data privacy and security, expansion of new policies offering security solutions against cyber threats & attacks, and rise in the number of endpoint terminals are responsible for the growth of this segment in the projection period.
End Use (Retail, BFSI, IT & Telecom, Government & Public Sector, Healthcare, Manufacturing, Transportation)
Endpoint security market from the manufacturing segment is estimated to account for the largest revenue in the time period between 2023 – 2035. Since the Industrial Internet of Things (IIoT) and Industry 4.0 improve production processes, give managers greater authority over managing inventory, and offer better digitization, they have also added a new level of risk for data breaches that could result in data loss or leakage for manufacturers. A wide variety of specialized and classified data, including active projects, product designs that businesses would not want to reveal, and private financial information that contains private data that hackers can access, are also stored on the networks of manufacturers. Nearly 25% of all cyberattacks that occurred in manufacturing organizations in 2022 were committed online.
Our in-depth analysis of the global market includes the following segments:
|
Component |
|
|
Deployment |
|
|
User Type |
|
|
Enterprise Type |
|
|
End Use |
|
North American Market Forecasts
The endpoint security market in the North America is expected to observe the largest CAGR of 33% in the forecast timeframe. The region is the significant hub for possibly all big organizations across the globe. The growth in the retail sector, IoT devices raises the demand for smart devices and mobiles in this region. The threat of attack that can affect the market varies among individuals, businesses, and governments. As a result, data protection has become a prime concern in this area. Furthermore, cyberattacks in the North American region, especially in the United States, are increasing rapidly and reaching all-time highs, mainly due to the number of connected devices in the region. There were 1,473 data breaches reported to the United States in 2019 which included 164,68 million records that have been compromised.
APAC Market Statistics
In the Asia Pacific region, the endpoint security market witnessed notable growth in the time period between 2023 – 2035. A strong presence of small and medium-sized enterprises in this region, which use a number of endpoint security applications, constitutes the main driver for its fast growth. As a result of rapid investments in the IT infrastructure, wide use of the internet, and increasing adoption of smart devices, this region is one of the fastest-growing markets for endpoint security. All these factors are projected to boost the market growth in the assessment period.
Author Credits: Abhishek Verma, Hetal Singh
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?