Press release
Endpoint Security Market to Reach USD 24.58 Billion by 2028; AhnLab, Inc., Alert Logic, Inc., AO Kaspersky Lab, Bitdefender S.R.L., BlackBerry Limited, Check Point, Cisco System, Inc., Comodo Security Solutions, Inc., CrowdStrike, Inc., CurrentWare, Cyber
To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/endpoint-security-market-100614
Driving Factor:
Surging Number of Connected Devices to Spur Demand for Endpoint Security Solutions
The growing number of attacks due to the rising digitalization and connected devices will incite the development of the market. Attackers infiltrate secured enterprise networks through laptops, smartphones, wearable devices. Moreover, the rising adoption of solutions such as the internet of things, industrial control system, and smart sensors to counter cyber-attacks will bode well for the global market. According to a 2017 Global Enterprise Security Survey by Fortinet, more than half of enterprises respondents reported endpoint data breach attacks. Furthermore, the growing number of unknown attacks can create lucrative opportunities for the market. For instance, in 2018 Cisco Systems, Inc. declared to block 20 billion risks per day for its customers. These instant detection and response solutions are boosting the adoption of endpoint security solutions.
The report on endpoint security market incorporates:
All-inclusive analysis of all the segments
Key market trends
Latest industry development
Future projections
Leading regions in the market
COVID-19 impact
Shift towards Work-from-home to Lift Endpoint Security Business During COVID-19
The global pandemic has been encouraging to the IT industry, as many companies shifted to work-from-home, thus spurring opportunities for this market. The changing policies of companies due to high-security risks have resulted in high demand for endpoint security amid coronavirus. According to IDC, 70% of breaches targeted endpoint devices in the year 2020. Similarly, according to a PWC report, cyber-attacks in India doubled in the starting three months of the year 2020. Furthermore, the high number of data breaches in the healthcare industry will aid the expansion of the market during the coronavirus. According to the Fortified report, 47% of data breaches have been reported by the healthcare industry during the first half of 2020.
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Market Segments:
The Cloud-based Endpoint Solution Segment to Hold the Largest Share
Based on components, the market is categorized as software and services. The software segment is expected to hold the largest share during the forecast period due to rapidly increasing unknown attacks on the enterprises.
By deployment analysis, the endpoint security market is divided into cloud and on-premises. The on-premises segment is likely to hold the lion’s share during the forecast period. The organizations prefer on-premises security solutions. The cloud-based endpoint solution segment is expected to account for the largest share during the forecast period due to its deployment and scalability.
Based on end-users, the market is categorized into commercial and consumer. The commercial segment covers industries such as BFSI, IT and telecommunications, retail, healthcare, government & public sector, transportation, and others. The commercial is predicted to grow rapidly due to the unknown attacks on healthcare and government organizations.
Based on enterprise analysis, the market is sorted into large enterprises and small & medium enterprises. The increasing adoption of BYOD policy and advanced connected technology in large enterprises will boost the segment’s growth.
The industry segment is characterized into BFSI, IT and telecommunications, retail, healthcare, government & public sector, transportation, and others.
Geographically, the market is divided into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.
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Regional Insights:
Rising Adoption of Connected Devices to Boost Market in North America
The market in North America is expected to hold the largest share during the forecast period. The region earned USD 5.04 billion in terms of revenue in 2020. The growth is attributed to the growing adoption of connected devices and the internet of things across several industries. The presence of numerous security solution providers in the US will enable speedy expansion of the market in North America. Europe is expected to hold the largest share during the forecast period due to the expanding cybersecurity infrastructure.
Germany and the UK are expected to expand the endpoint security market share in Europe. The German organizations have increased their IT budget to deal with cyber-attacks. Likewise, the UK government has rolled out end-user device guidance for the organizations offering deployment of external devices. Asia Pacific is expected to experience a rapid growth rate during the forecast period due to the increasing IT spending across various industries. The implementation of AI, internet of things, connected devices, and cloud services by industries will boost this industry in the region.
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Detailed Table of Content:
Introduction
Definition, By Segment
Research Methodology/Approach
Data Sources
Executive Summary
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19
Short-term Impact
Long-term Impact
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Porter’s Five Force Analysis
Global Market Share Analysis and Matrix, 2021
Key Market Insights and Analysis, By Segments
Companies Profiled
Overview
Key Management
Headquarters etc
Offerings/Business Segments
Key Details
Employee Size
Past and Current Revenue
Geographical Share
Business Segment Share
Recent Developments
Annexure/Appendix
Global Endpoint Security Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
By Component (Value)
Software
Services
By Deployment (Value)
Cloud
On-Premises
By End-user (Value)
Commercial
Consumer
By Enterprise Size (Value)
Large Enterprises
Small & Medium Enterprises
By Industry (Value)
BFSI
IT and Telecommunications,
Retail,
Healthcare
Government & Public Sector
Transportation
Others
By Region (Value)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Continued….!
Key Development:
January 2019: Sophos Ltd. acquired an endpoint security platform provider DarkBytes. DarkBytes offers unified platform and enterprise endpoint solutions. Sophos Ltd. aims to gain the expertise of the company and provide endpoint, firewall, mobile devices security services.
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Executive Summary
The global endpoint security management market to grow from USD 4604.65 million in 2016 to USD 14935.63 million by 2023, at a Compound Annual Growth Rate (CAGR) of 18.31%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
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