Press release
Endpoint Security Market: Unveiling Growth Drivers, Key Players, and Future Trends
Endpoint Security Market Share
Steered by a Digital Transformation Wave, Endpoint Security Market Set for Robust Growth
What Is The Projected Market Size Of The Global Endpoint Security Market And Its Growth Rate?
Endpoint Security Market has undergone substantial growth recently, driven by factors like rising cyber threats and digital transformation.
• 2024 Market Size: $17.36 billion
• 2025 Market Size: $18.7 billion (7.7% CAGR)
• 2029 Forecast Market Size: $29.69 billion (12.3% CAGR)
The market's future expansion can be attributed to trends like zero-trust security models, adoption of cloud-based endpoint security, and increasing IoT security concerns.
What Is Driving The Growth In The Endpoint Security Market?
The surge in the number of endpoints drives the endpoint security market's growth. An endpoint, such as smartphones, desktop computers, and laptops, interacts regularly with its connected network. Endpoint security prevents cybercriminals from using these devices for malicious endeavors. Highlighting the increasing number of endpoints, IoT Analytics GmBH reports that the number of connected IoT devices rose by 15% in 2023 to 16.6 billion. Predicting further growth, they project 40 billion connected IoT devices by 2030, indicating a substantial increase from their 2023 update. Hence, the augmenting number of endpoints propels the endpoint security market growth.
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Who Are The Key Players Driving Endpoint Security Market Growth?
• 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.
What Are The Key Trends In The Endpoint Security Market?
Key trends in the forecast period include:
• Increase in remote work
• Sophistication of cyber threats
• Adoption of zero trust security model
• Integration of artificial intelligence and machine learning
• Evolution of endpoint detection and response (EDR)
What Are The Segments Of The Global Endpoint Security Market?
• Component: Software, Services
• Deployment: On-Premise, Cloud
• Enterprise Size: Large Enterprises, Small and Medium Enterprises
• Vertical: Banking, Financial Services And Insurance (BFSI), Telecommunications And IT, Government And Defense, Healthcare And Life Sciences, Manufacturing, Retail And eCommerce, Other Vertical
Which Region Leads The Endpoint Security Market?
North America dominated the endpoint security market in 2024, although the Asia-Pacific region is projected to become the fastest-growing region. The report covers all regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Endpoint Security Market Global Market Report?
- Market Size Analysis: Analyze the Endpoint Security Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Endpoint Security Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Endpoint Security Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Endpoint Security Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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