Endpoint Security Market Size Projections 2024 by Top Players Cisco, F-Secure, IBM, Microsoft, Symantec, VIPRE, Trend Micro, ESET, Kaspersky Lab, Webroot, Sophos, Ahnlab, Comodo, McAfee, and Panda Security

Endpoint security market size by 2024 focuses on the major Component and Applications for the key players. The market forecast report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The research report is a professional and in-depth study on the current state of Industry.

Mounting cases of cyberthreats and crimes across some of the major global economies today have called in for a breakthrough in endpoint security solutions and systems, enabling the market to grow multifold in the years to come. Mentioned below are the regional trends that are likely to offer positive impetus to the overall market over the span of 2017 to 2024:

Large scale business evolution in North America
It is estimated that North America endpoint security market would record gains of USD 3 billion by the end of 2024, subject to an overwhelming rise in cyber-attacks and security breaches. It was in 2017, that the federal civilian agencies reported over 35,277 cybersecurity incidents. Also, various reports have claimed that economical losses due to cyberattacks on the United States organizations amounted to over $57 million in 2016 and is only rising almost every year. Such statistics have demanded for adoption of endpoint security solutions, a market space for which is driven by enumerated trends:

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• Increased demand for endpoint security software
Speaking of the component bifurcation of North America endpoint security market, it has been pre-assumed that the endpoint security software segment is touted to account for a business share of 65 per cent by the end of 2024. This can be ascribed to the proliferating use of smartphones and rising number of online transactions done through these. This expansion has indeed enabled enterprises to focus on developing efficient mobile endpoint protection strategies to address security threats across corporate networks.

• Rising traction of cloud platforms
Penetration of cloud platforms for ensuring enhanced endpoint security has gained massive traction across the states of North America. In fact, the segment is all set to depict a CAGR of 9 per cent through 2024, given its ability to monitor remotely connected devices. These platforms offer incident responders with accurate information so that they can begin working on the issues and respond swiftly to avoid any kind of data breach or theft.
• Ongoing governmental interventions in Canada

As per various reports, Canada is poised to stand as a lucrative growth ground for North America endpoint security industry and is claimed to exhibit gains of 12 per cent over the foreseeable time frame. This can be backed up by introduction of supportive government initiatives and measures in an effort to maintain and enhance cybersecurity across all federal agencies and departments.

Speaking of which, the Canadian government had in 2017, announced investing over $500 million over the span of five years to showcase the nation’s commitment to security and safety in the era of digitalization. Not to mention, ongoing technological and digital innovations in the field are also likely to open new growth opportunities for the regional market.

Europe endpoint security market could surpass a valuation of USD 1.5 billion by 2024 end

Some of the economies in European continent are currently leveraging the benefits put forth by digital services while integrating advanced technologies into their day-to-day lives. This new trend has ultimately, doubled the risks of cyberattacks and data breaches in the region. In fact, 19 per cent of charities and about 43 per cent of businesses in Europe reported cyber-security breaches during 2018, declaring the need for having proper endpoint security solutions and systems.

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• Rising demand for endpoint security across the United Kingdom
The UK endpoint security market is estimated to depict a CAGR of 25 per cent through 2024, mainly due to the presence of stringent amendment of laws to respond to cybercrimes. The federal government is currently focusing on improving education and skills and bolstering work relationships with other businesses, organizations, and countries to create a cyberspace that is strong enough to support vivid societies. To accomplish this, the UK government has invested over USD 800 million of public funding under National Cyber Security Programme for a period of four years.

• Growing traction for maintenance and updates services
Europe endpoint security market from the service segment is characterized by maintenance and updates service, which according to credible reports is anticipated to hold a business share of 40 per cent in 2024, thanks to its expanding demand among organizations just to manage their enterprise networks. Apparently, these services provide customers with support programs, where the service providers consider customers’ endpoint security issues as high priority to ensure smooth operability of the businesses.

Prolonged smartphone usage and internet penetration in Asia Pacific to reap unprecedented proceeds in overall industry

Considering the statistics put forth by China Internet Network Information Center, number of mobile internet users in the country reached to a whopping 753 million count in 2017, depicting a rise of 57.34 million in 2016. This rapid increase is likely to pose major threat in terms of data loss and cyberattack. In a bid to address these, government agencies are currently introducing several cyber security policies and reforms, that are expected to offer a profitable growth curve to Asia Pacific endpoint security market over the forthcoming years. Given below is a brief snapshot of trends that would allow the regional market to record an overwhelming revenue share of USD 1 billion by the end of 2024:

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• Heightened use of anti-virus software
While speaking of cyberthreats and attacks, one of the mostly widely used software is the anti-virus software. It has been estimated that the segment would register a share of 21 per cent in 2024. This can be credited to the product’s large traction in government and corporate networks to combat the malware attacks, while ensuring proper protection of IT networks.

• Booming use in healthcare sector
Let alone governmental agencies, healthcare sectors across the region are as well raising need for endpoint security solutions. The surging instances of cyberattacks in the healthcare industry primarily due to large number of internet-connected devices have significantly propelled the need to deploy advanced endpoint security solutions, such as endpoint application control, intrusion prevention, and anti-virus to reduce the network susceptibilities. As per estimates, the healthcare sector is potential of acquiring a business share of 16 per cent in 2024.

Driven by major trends characterizing the prominent geographies worldwide, endpoint security market share is anticipated to depict an expansion across the globe in the forthcoming years.

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