Endpoint Security Market Size & Share, by Component (Software, Services); Deployment (Cloud, On-premises); User Type (Commercial, Consumer); Organization (Large Enterprise, SMEs); End-user (Retail, BFSI, IT & Telecom, Government & Public, Healthcare, Manufacturing, Transportation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5148
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.


Endpoint Security Market
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Endpoint Security Sector: Growth Drivers and Challenges

Growth Drivers

  • Escalating Government Initiatives - Government entities have launched a number of efforts to offer improved endpoint safety measures for increased productivity. In order to launch a new cybersecurity program, the Israeli government partnered with the Inter-American Development Bank (IDB) in February 2022. The Israeli government pledged USD 2 million to support the development of cybersecurity infrastructure in Latin America and the Caribbean (LAC). Israel's financing helps enhance cyber capabilities throughout the region by offering authorities and legislators access to cutting-edge techniques and internationally renowned knowledge and skills.
  • High Use of Mobile Devices as an Attack Vendor – In today’s world mobile and tablet devices have become a significant part of individuals as well as organizations. The number of employees using mobile for work is rapidly growing that giving rise to mobile devices being an attack vendor and posing challenges to new data security. These online dangers can substantially jeopardize sensitive and private data and include everything from Trojans and viruses to botnets and even toolkits. 96% of mobile devices don't currently come with security software pre-installed, and 65% of vulnerabilities are discovered at the application layer.
  • Surge in the Number of Threats – Increasing digitalization and increasing sharing of private data raise a number of cyber threats in an organization raising the demand for endpoint security. Moreover, increasing disposable income, lifestyle changes, and growing urbanization are factors driving the growth of endpoint security.

Challenges

  • Privacy Concerns Associated – Some endpoint security solutions involve monitoring and gathering data from devices. Balancing security needs with user privacy concerns is a challenge, especially with increasing regulations such as GDPR.
  • High Cost Associated with Implementation and Maintenance
  • Lack of Awareness and Education

Endpoint Security Market: Key Insights

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

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Endpoint Security Segmentation

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

  • Software
  • Services

   Deployment

  • Cloud
  • On-premises

   User Type

  • Commercial
  • Consumer

   Enterprise Type

  • Large Enterprise
  • Small
  • Medium Enterprise

 

 

 

   End Use

  • Retail
  • BFSI
  • IT & Telecom
  • Government & Public Sector
  • Healthcare
  •  Manufacturing
  • Transportation

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Endpoint Security Landscape - Regional Synopsis

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.

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Endpoint Security Market Size
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Companies Dominating the Endpoint Security Landscape

top-features-companies
    • Microsoft Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • McAfee LLC
    • Cisco System Inc.
    • VMware INC.
    • Broadcom Inc.
    • SentinelOne Inc.
    • Symantec Corporation
    • F-Secure Corporation
    • Trend Micro Incorporated
    • AVG Technologies

In-the-news

In The News

  • Broadcom, acquired Symantec's enterprise security business, the acquisition of Symantec's enterprise security portfolio into Broadcom's existing solutions portfolio significantly increases Broadcom's infrastructure software footprint.
  • Cisco Systems Inc. released the Cisco Cloud Control Framework (CCF). Cisco CCF is a comprehensive framework that combines national and international security compliance and certification standards.  

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5148
  • Published Date: Aug 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing adoption of bring your own device trend and increasing concern regarding cyber threats are some of the major factors anticipated to drive the growth of the endpoint security market.

The market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 - 2035.

The major players in the market are McAfee LLC, Cisco System Inc., VMware INC., Broadcom Inc., SentinelOne Inc., Symantec Corporation, F-Secure Corporation, and others.

The manufacturing segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Endpoint Security Market Report Scope
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