Fortifying Digital Frontiers: Endpoint Security Market Insights 2024

"The Business Research Company recently released a comprehensive report on the Global Endpoint Security Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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Major Key Players of the Market:

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.

Endpoint Security Market 2024 Key Insights:

• 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%.
• Rising Number Of End-Points Fueling Growth In The Endpoint Security Market
• Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers
• North America will be the largest region in the end-point security market in 2023

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