The global Endpoint Security Market size is expected to grow from USD 12.8 billion in 2019 to USD 18.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.
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Major factors fuelling the market growth are growing number of endpoint devices and Bring Your Own Device (BYOD) trends in enterprises, reducing the losses accrued due to endpoint attacks, IT risk mitigation, and central management of the endpoint protection strategy.
Large enterprises segment to hold a larger market size during the forecast period
The endpoint security market is segmented into large enterprises and Small and Medium-sized Enterprises (SMEs) by organization size. The large enterprises segment is expected to have a larger market size during the forecast period, due to the large volumes of data being generated by large enterprises and the increasing demand for real-time endpoint security solutions and services. However, the SMEs segment is expected to grow at a higher CAGR during the forecast period. Owing to the high availability of cost-effective cloud solutions, endpoint security solutions and services are expected to witness a prominent growth rate among SMEs during the forecast period.
Among verticals, the retail and eCommerce vertical to grow at the highest CAGR during the forecast period
The endpoint security market by vertical is divided into 7 categories, namely, Banking, Financial Services and Insurance (BFSI), retail and eCommerce, telecommunication and IT, healthcare and life sciences, government and defense, manufacturing, and others (transportation and logistics, travel and hospitality, media and entertainment, and education). The retail and eCommerce vertical is expected to grow at a rapid pace during the forecast period, as there is an increase in the demand for controlling threats related to the financial transaction data, to achieve better buying experience and offer personalized marketing based on user privacy data.
North America to hold the largest market size during the forecast period
North America is the most significant revenue contributor to the global endpoint security market. The region is witnessing significant developments in the endpoint security industry. Several endpoint security solution providers in North America are experimenting by integrating advanced technologies, such as Artificial Intelligence (AI) and Internet of Things (IoT), with their existing endpoint security solutions. Industries and government organizations in North America are investing heavily in security solutions and services to combat cybercrimes. Growing trends, such as BYOD, IoT, Internet of Everything (IoE), and Industrial Internet of Everything (IIoE), have resulted in tremendous growth in this region. They are also adopting various growth strategies to strengthen their positions in the overall market.
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Major North American vendors in the endpoint security market are Microsoft (US), CrowdStrike (US), Symantec (US), TrendMicro (Japan), Sophos (UK), McAfee (US), Kaspersky (Russia), Carbon Black (US), SentinelOne (US), ESET (Slovakia), Cylance (US), Bitdefender (Romania), Cisco (US), FireEye (US), Panda Security (Spain), F-Secure (Finland), Palo Alto Networks (US), Check Point Software (Israel), Fortinet (US), Malwarebytes (US), Endgame (US), and Comodo (US).
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Endpoint Security Market is valued at USD 11.91 Billion in 2018 and expected to reach USD 21.18 Billion by 2025 with the CAGR of 8.79% over the forecast period.The growing use of internet, increasing incidences of cyber attacks & data breaches, recent advancements in IoT security coupled with the rising demand for cloud applications and data protection are the major factors increasing the growth of the Endpoint Security market.Get Sample Copy of The Activated Alumina Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/458*The sample pages of this report is immediately accessible on-demand.
Endpoint security solutions frequently use a client server model of protection and deploying centrally managed security solution.
Endpoint security is an important IT security function and concern due to more employees bring mobile devices to work and many companies allow its employees to use these devices on the corporate network.Endpoint security market is segmented on the basis of solutions, services, and deployment, industry vertical and by region.
On the basis of country level, market of endpoint security market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.Endpoint Security Companies:Carbon Black Inc.McAfee LLCSymantec Corporation,Sophos Group PLCBitdefender LLCCylance Inc.Trend Micro Inc.FireEye Inc.Kaspersky Lab Inc.Cisco Systems Inc.Avast Software SROPalo Alto Networks Inc.SentinelOne Inc.Panda Security SLFortinet Inc.CrowdStrike Inc.Microsoft CorporationRSA Security LLCESET LLCGlobal Endpoint Security Market Dynamics –The growing use of internet, increasing incidences of cyber attacks & data breaches, recent advancements in IoT security coupled with the rising demand for cloud applications and data protection are some major factors fuelling the growth of the global endpoint security market.
The emergence of next-generation endpoint technology such as artificial intelligence (AI) is gaining attention from both organizations and assurance programs to stay away from conventional antivirus software and this will bring lucrative opportunities for this market in near future.North America is expected to dominate the Endpoint Security Market throughout the forecast period.North America held the largest market for endpoint security and is expected to dominate the market throughout the forecast period due to the high penetration of endpoint security to tackle the challenges regarding increasing cases of cyber attacks and intensified data security.
For example; the number of U.S. data breaches from hacking incidents reached about 227 in 2014 and 295 in 2015, which is up 30%.
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Global Endpoint Security Market is estimated to reach USD 27.05 billion by 2024 owing to increasing deployment of security solutions with growing security risks in different industry applications.
Endpoint security or endpoint protection is a centralized approach to protect all the endpoint devices such as laptops, desktops, smartphones, servers and other devices connected to the corporate IT network, from the cyber threats.Endpoint security enables effective, efficient and easier security management.
This type of security offers effective security to the endpoints, thereby securing the network by blocking risky activities and access attempts at endpoints.Download Sample Report @ https://www.millioninsights.com/industry-reports/endpoint-security-market/request-sampleEndpoint security systems can be broadly categorized into two types.
The key difference between the two is that there is no centralized administration and management for consumers whereas the centralized management mandate necessary for the enterprises.
Another driving force for the growth of the market is the need for compliance within government financial organizations, which will ultimately prompt users to adopt endpoint security solutions.The trend witnessed within the global endpoint security industry is the surging demand for software-as-a-service (SaaS) based security solution since they are easy to install, and upgrade and are affordable.
Hence, at present, cyber criminals are targeting the mobile endpoints.Innovation in mobile technology is forcing mobile endpoint security solutions to manage current mobility environment with the combination of operating systems, mobile endpoints and other personal data without compromising the user experience, data and privacy.
