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Rising Number Of End-Points Fueling Growth In The Endpoint Security Market: Powering Innovation and Expansion in the Endpoint Security Market by 2025
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Is the Expected CAGR for the Endpoint Security Market Through 2025?
In recent times, the endpoint security market has witnessed significant expansion. The market value is set to surge from $17.36 billion in 2024 to $18.7 billion in 2025, posting a compound annual growth rate (CAGR) of 7.7%. This substantial increase during the historical period has been driven by factors such as the prevalence of cyber threats, digital transformation, compliance mandates, the trend towards remote work, and sophisticated persistent threats.
What's the Projected Size of the Global Endpoint Security Market by 2029?
There is an anticipated swift expansion in the endpoint security market over the upcoming years, with predictions stating it will reach $29.69 billion in 2029, boasting a compound annual growth rate (CAGR) of 12.3%. This surge during the projected period can be credited to factors such as zero trust security models, cloud-based endpoint security, IoT security issues, and comprehensive security platforms. Key trends projected within this time frame encompass the rise in remote work, sophistication of cyber threats, adoption of the zero trust security model, integration of artificial intelligence and machine learning, and evolution of endpoint detection and response (EDR).
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Top Growth Drivers in the Endpoint Security Industry: What's Accelerating the Market?
The surge in the number of endpoints is anticipated to boost the endpoint security market's expansion. Essentially, an endpoint is a remote computing device that consistently interacts with a network it is connected to, with smartphones, desktop computers, and laptops being examples of such devices. Endpoint security serves as a strategy for thwarting cyber attacks that might exploit endpoints or points of entry on end-user devices like PCs, laptops, and mobile devices for harmful objectives. For instance, IoT Analytics GmbH, a non-profit organization in Germany, reported in September 2024 that there were approximately 16.6 billion IoT connected devices by the end of 2023, indicating a 15% rise from 2022. The organization predicts a further 13% growth to 18.8 billion by the close of 2024. Moreover, the projected number of connected IoT devices is anticipated to hit 40 billion by 2030, showing a considerable surge from the last market update in 2023. Consequently, the rising number of endpoints is contributing to the growth of the endpoint security market.
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What Trends Will Shape the Endpoint Security Market Through 2029 and Beyond?
Top-tier companies engaged in the endpoint security market are directing their focus towards cutting-edge products like endpoint security cloud pro to bolster their market revenues. The advanced technology used in endpoint security cloud pro allows businesses to protect their intricate settings efficiently using a cloud-based solution, without the necessity for additional specialist training expenses. As an example, Kaspersky Lab, a Russian firm specializing in endpoint security solutions, launched its version of endpoint security cloud pro in April 2022. This new offering consists of a broader array of security controls as well as options for automatic responses. IT experts may also increase their cybersecurity skills and optimize the usage of specialist security tools thanks to the incorporated training in this pro version. Managers can reinforce their company's security stance by swiftly reacting to a breach and tracing its trajectory with the assistance of endpoint detection and response, a notable feature of Kaspersky's endpoint security cloud pro.
What Are the Main Segments in the Endpoint Security Market?
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
Subsegments:
1) By Software: Antivirus And Antimalware Solutions, Endpoint Detection And Response (EDR) Software, Data Loss Prevention (DLP) Software, Mobile Device Management (MDM) Software, Threat Intelligence Solutions
2) By Services: Consulting Services, Managed Security Services (MSS), Incident Response Services, Training And Awareness Programs, Support And Maintenance Services
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Which Top Companies are Driving Growth in the Endpoint Security Market?
Major companies operating in the endpoint security market include 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., AVG Technologies CZ s. r. o., BlackBerry Limited, Check Point Software Technologies Ltd., Broadcom Inc., Comodo Security Solutions 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.
Which Regions Will Dominate the Endpoint Security Market Through 2029?
North America will be the largest region in the end-point security market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the endpoint security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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