Growth opportunities in the Endpoint Security Market look promising over the next six years. This is mainly due to the growing cyber threats and breaches, higher costs accrued due to endpoint attacks, and mitigation of IT risks.
Endpoint Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Several prominent drivers responsible for the growth of the global endpoint security market include the augmenting acquisition of bringing your own device (BYOD), accelerating cyber threats and violations, reducing IT risks, excessive costs emanated by the endpoint attacks and centrally supervised administration and supervision. Also, organizations are largely emphasizing the incorporation of risk management policies, such as developing a risk management framework, efficient communication & consultation concerned with risk, and improving & sustaining their capabilities. Moreover, the execution of sophisticated technologies, including artificial intelligence (AI), the internet of things (IoT), and connected devices, is strengthening the endpoint security market size.
Additionally, the widespread outbreak of the coronavirus pandemic has impelled enterprises to endorse work-from-home policies for employees. This has raised the threat of endpoint devices getting contaminated with unknown or known viruses. For instance, in 2020, it is forecasted that approximately 70% of the organizations found it hard to maintain “Endpoint Cyber Hygiene,” which has shifted the preference of organizations to remodel their business strategies and raise their expenditure on security solutions. These factors together have bolstered the market growth.
However, the lack of trained technical professionals to administer safety systems by many companies will hamper the market growth. With the ongoing evolution of technology, the upskilling of technical staff is quite costly, primarily for SMEs, is curbing the endpoint security market share.
End-Use Industry Drivers
Based on the end-use industry, medical is projected to expand at a higher CAGR during the forecast period. Cyber-threats have become more advanced, purposeful, and costly. The Healthcare sector is experiencing transformation including, IT infrastructure and cybersecurity. Also, they impart traditional capabilities, such as protecting file-based malware, port and device control, endpoint detection, and response, which supports businesses to offer special protections for their medical devices. These factors have remarkably bolstered the market growth.
Endpoint Security Market’s leading Manufacturers:
- Trend Micro Incorporated
- Microsoft
- Kaspersky Lab
- IBM
- ESET
- Sophos Ltd
- Panda Security SL
- F-Secure
- Cisco
- Bitdefender
Endpoint Security Market Segmentation:
Segmentation by Solution
- Firewall
- Antivirus
- Application Control
- Mobile Device Security (MDS)
- Encryption Technologies
- Others
Segmentation by Deployment Mode
- On-Premises
- Cloud
Segmentation by End-Use Industry
- IT & Telecom
- BFSI
- Industrial
- Education
- Retail
- Medical
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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