HomeTechnology NewsEndpoint Security Market Forecast 2024 | Size, Key players Analysis and Growth...

Endpoint Security Market Forecast 2024 | Size, Key players Analysis and Growth by 2032 – IMARC Group

The latest report by IMARC Group, titled “Endpoint Security Market Report by Component (Software, Service), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Vertical (Banking, Financial Services and Insurance (BFSI), IT and Telecommunications, Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and E-Commerce, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the endpoint security market forecast.

How big is the endpoint security market?

The global endpoint security market size reached US$ 18.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.8 Billion by 2032, exhibiting a growth rate (CAGR) of 9.7% during 2024-2032.

Factors Affecting the Growth of the Endpoint Security Industry:

  • Evolving threat landscape:

The rapid evolution of cyber threats presents a significant driver for the endpoint security market. Cybercriminals constantly develop sophisticated attack techniques to breach endpoint devices, making traditional security measures less effective. Threat actors employ various tactics such as malware, ransomware, phishing, and zero-day exploits to target endpoints and gain unauthorized access to sensitive data or systems. As a result, organizations are compelled to invest in advanced endpoint security solutions capable of detecting and mitigating these evolving threats. These solutions often integrate features like behavioral analysis, machine learning (ML), and threat intelligence to proactively identify and respond to emerging threats in real time, bolstering the market growth.

  • Increasing adoption of endpoint devices:

Another crucial factor driving the endpoint security market is the widespread adoption of endpoint devices across organizations. With the proliferation of mobile devices, laptops, desktops, and the Internet of Things (IoT) devices, the attack surface for cyber threats has expanded significantly. Employees increasingly rely on endpoint devices to access corporate networks and data remotely, blurring the traditional boundaries of network security. Moreover, the rise of remote work and bring-your-own-device (BYOD) policies further exacerbates the challenge of securing endpoints. Consequently, there is a growing demand for comprehensive endpoint security solutions that can safeguard devices across various platforms and operating systems while ensuring minimal impact on user productivity.

  • Regulatory compliance requirements:

Regulatory compliance mandates also drive the adoption of endpoint security solutions, particularly in highly regulated industries such as healthcare, finance, and government. Governments worldwide have enacted stringent data protection laws and industry regulations to safeguard consumer privacy and mitigate the risk of data breaches. Regulations like the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and Payment Card Industry Data Security Standard (PCI DSS) impose strict requirements for securing sensitive data stored or processed on endpoint devices. Therefore, businesses seek endpoint security solutions that help them achieve and maintain compliance with regulatory requirements through features like data encryption, access controls, audit trails, and regular security updates.

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/endpoint-security-market/requestsample

Leading Companies in the Endpoint Security Industry:

  • Avast Software s.r.o.
  • Broadcom Inc.
  • Check Point Software Technologies Ltd.
  • Cisco System Inc.
  • Fortinet Inc.
  • International Business Machines Corporation
  • Kaspersky Lab
  • McAfee Corp.
  • Microsoft Corporation
  • Sophos Group plc
  • Trend Micro Incorporated.

Endpoint Security Market Report Segmentation:

By Component:

  • Software
  • Services

Software is the largest segment in the endpoint security market due to its versatility and scalability in addressing diverse security needs.

By Deployment Mode:

  • On-premises
  • Cloud-based

On-premises deployment mode dominates the endpoint security market due to security concerns and regulatory requirements that necessitate local control and management of security infrastructure.

By Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises

Large enterprises dominate the market due to their extensive infrastructure and higher security budgets, allowing for more significant investments in comprehensive security solutions.

By Vertical:

  • Banking, Financial Services and Insurance (BFSI)
  • IT and Telecommunications
  • Government and Defense
  • Healthcare and Life Sciences
  • Manufacturing
  • Retail and E-Commerce
  • Others

IT and telecommunications sectors represent the biggest vertical in the endpoint security market as they handle vast amounts of sensitive data and are frequent targets of cyber attacks.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

North America leads the endpoint security market due to its advanced technological infrastructure, high cybersecurity awareness, and stringent regulatory environment, driving significant demand for robust security solutions.

Global Endpoint Security Market Trends:

The increasing adoption of cloud-based applications and services is driving the growth of the endpoint security market. As organizations migrate their workloads to the cloud, there is a heightened need to secure endpoints accessing these resources, prompting greater investment in endpoint security solutions tailored for cloud environments to mitigate emerging threats. In addition to this, the proliferation of IoT devices across industries widening the attack surface for cyber threats necessitating robust security measures to protect endpoints from vulnerabilities and potential exploitation by malicious actors is acting as another significant growth-inducing factor.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5779&flag=C

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163