Endpoint Security Market Is Anticipated To Expand At A Robust CAGR of 10.1% Through 2033

The endpoint security market size has grown strongly in recent years. It will grow from $16.32 billion in 2023 to $17.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rise in cyber threats, digital transformation, compliance requirements, remote work trends, advanced persistent threats.

The endpoint security market size is expected to see rapid growth in the next few years. It will grow to $26.14 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to zero trust security models, cloud-based endpoint security, iot security concerns, integrated security platforms. Major trends in the forecast period include increased remote work, sophistication of cyber threats, zero trust security model adoption, integration of artificial intelligence and machine learning, endpoint detection and response (edr) evolution.

Market Overview -
End-point security refers to a process of securing or protecting devices such as laptops, mobile phones, desktops, and tablets from cyber-attacks and malicious threats. With the help of this, businesses can protect their devices that are used by employees for work purposes. The end-point security is used to protect organizations from increasingly dangerous cyber threats.

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Rising Number Of End-Points Fueling Growth In The Endpoint Security Market
The increasing number of end-points is expected to propel the growth of the end-point security market going forward. An endpoint is a distant computing device that interacts with a network it is linked to on a regular basis. Smartphones, desktop computers, and laptops are some examples of endpoints. Endpoint security is a technique used to stop cybercriminals and campaigns from using endpoints or entry points of end-user devices, such as PCs, laptops, and mobile devices, for malicious purposes. For instance, in October 2021, according to The Economic Times, an Indian business newspaper, India had the highest mobile data consumption rate at 12 gigabytes or GB per user a month in the world, and the country is adding 25 million new smartphone users every quarter. Therefore, the increasing number of end-points is driving the end-point security market growth.

Competitive Landscape -
Major companies operating in the endpoint security market report are VMware Inc., McAfee Corp., Sophos Group plc, Palo Alto Networks Inc., Panda Security S. L., FireEye Inc., Microsoft Corporation, CrowdStrike Holdings Inc., Trend Micro Incorporated, Kaspersky Lab AO, Cisco Systems Inc., SentinelOne Inc., Juniper Networks Inc., AVG Technologies CZ s. r. o., BlackBerry Limited, Check Point Software Technologies Ltd., Broadcom Inc., Comodo Security Solutions Inc., Symantec Corporation, Carbon Black Inc., F-Secure Corporation, Bitdefender SRL, Webroot Inc., Malwarebytes Corporation, Cylance Inc., Fortinet Inc., SonicWall Inc., Barracuda Networks Inc., WatchGuard Technologies Inc., Proofpoint Inc., Zscaler Inc., Forcepoint LLC, Ivanti Inc.

Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers
Major companies operating in the end-point security market are focusing on innovative products such as endpoint security cloud pro to drive revenues in their market. Endpoint security cloud pro gives businesses the chance to leverage cutting-edge technology to safeguard more complicated settings with the convenience of a cloud solution and without having to pay extra for specialized training. For instance, in April 2022, Kaspersky Lab, a Russia-based company that provides endpoint security solutions launched endpoint security cloud pro. Endpoint Security Cloud Pro include an expanded range of security controls and automatic response options. To improve cybersecurity proficiency and maximize the use of specialist security products, IT professionals can also benefit from integrated training in the pro version. With the help of endpoint detection and response, a feature of Kaspersky endpoint security cloud pro, managers can enhance their organization's security posture by quickly responding to an attack and visualizing its spread path .

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Key Segments -

The endpoint security market covered in this report is segmented -

1) By Component: Software, Services
2) By Deployment: On-Premise, Cloud
3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
4) By Vertical: Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and eCommerce, Other Vertical

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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