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The global Endpoint Security industry is projected to experience significant growth in the coming years. In 2021, the market size was estimated at USD 13.2 billion and is expected to reach USD 15.8 billion by 2031, with a projected CAGR of 8.9% between 2023 and 2031. Endpoint security is a crucial aspect of digital security as it safeguards end-user devices, such as laptops, desktops, and mobile phones, from malicious attacks and campaigns. This technology helps prevent cyber threats from infiltrating endpoints on a network or in the cloud.
The exponential growth in the number of PCs, smartphones, laptops, tablets, and point-of-sale systems is driven by the increasing digitalization of society and industrial processes. With the rising number of smart devices, the number of endpoints in networks across the world is also on the rise, making endpoint security a necessity.
According to Palo Alto Networks, at the end of March 2020, around 40,261 suspicious registered domain names were identified. The cybersecurity market is continuously growing with the changing dynamics of the cyber threat landscape. In recent times, organizations are witnessing thousands of alerts and alarms related to suspicious activities, potential attacks, and new vulnerabilities that may occur both inside and outside the organizations. The inside risk is becoming increasingly vulnerable due to the rise in BYOD trends, remote working, and change in the adoption pattern of the Internet of Things (IoT); and the endpoint is the most fragile/weakest node in any network, as a result, it becomes an easy entrance for hackers.
The global endpoint security market is segmented on the basis of type, component, deployment model, and end-user. These major market segments are further categorized into various sub-segments to study the market in detail.
By Deployment Model:
Geographically, the global endpoint security market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. As per the studies, the Asia-Pacific garnered a high growth rate, owing to growth in a number of connected devices and increasing adoption of IoT technologies across different industries in the region which fuel the growth of the endpoint security solutions market over the forecast period. An increase in digitization across Asia-Pacific in major industries such as in the BFSI sector drives the demand for solutions. For instance, according to the Reserve Bank of India, the share of electronic transactions in the total volume of retail payments increased to 95.4% in 2018-19, up from 92.6% in 2017-18. Increasing adoption of electronic transactions boosts the demand for solutions like endpoint security solutions to help users with uninterrupted services insecure manner.
AhnLab, Inc., Avira Operations GmbH & Co. KG., Bitdefender, Carbon Black, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Comodo Group, Inc., Cylance Inc., ESET, FireEye Inc., Fortinet, Inc., F-Secure, IBM Corporation, McAfee, Inc., Kaspersky Lab., Microsoft Corporation, Panda Security, Sophos Ltd., Symantec Corp., Trend Micro Inc., VIPRE Security, and Webroot Inc. among others are included in the research study of the global endpoint security market.