The endpoint security market is expected to grow at a rapid pace throughout the estimated period from 2020 to 2027.
The endpoint security is the procedure of securing endpoints or entry points of end-user devices such as laptops, desktops, tablets, and mobile devices from being exploited by malicious attacks. The endpoint security systems are intended to secure these endpoints on a network or in the cloud from cybersecurity threats. The need to secure data in the present business era where digital information is the most valuable asset of the company is very important. Additionally, the loss of this digital information may put the entire business at risk of insolvency. The endpoint security system uses end to end encryption and application control in order to secure devices accessing the enterprise network. The endpoint security software encompasses various entities such as Machine-learning classification to detect zero-day threats in real-time, Advanced antimalware and antivirus protection, Proactive web security in order to ensure safe web browsing, Integrated firewall to block hostile network attacks, email gateway, centralized endpoint management platform, and endpoint, email and disk encryption to prevent data exfiltration.
The increasing number of endpoints and bring your own device (BYODs) trend among enterprises due to the shifting of traditional infrastructure to the technologically advanced infrastructure is supporting the market growth. The increasing endpoint attacks & violations and higher costs accumulate due to endpoint attacks are further bolstering the market growth. The growing demand for cost-effective alternatives for on-premises security deployment, mitigation of IT risks, and centrally managed protection and administration are some of the factors further bolstering the demand for endpoint security systems in the market. Furthermore, the growing demand for securing IT infrastructure in the media and entertainment vertical as well as rising demand for integrated endpoint security infrastructure and software is further projected to provide potential opportunities over the forecast timeframe from 2020 to 2027.
On the other hand, use of free or pirated endpoint protection solutions and skepticism associated with the use of cloud-based endpoint security is projected to restrict the growth to an extent over the forecast timeframe from 2020 to 2027.
North America is having potential share in the Endpoint Security Market
In 2019, North America accounted for the maximum share (%) in terms of revenue (US$ Mn) owing to its major economies US and Canada. The advanced industrial infrastructure and ongoing investment for the incorporation of new technology in the working environment for efficient and effective results in reduced cost and time are further bolstering the regional market growth. The presence of major players in the region such as Carbon Black, Inc. (US), Cisco Systems, Inc. (US), Intel Corporation, and Microsoft Corporation are further supporting the market growth.
Moreover, the Asia Pacific is anticipated to exhibit the fastest growth in the endpoint security market with major CAGR (%) throughout the estimated timeframe from 2020 to 2027. The ongoing investment in the field in order to develop industrial infrastructure along with the increasing disposable income of developing economies is bolstering the regional market value. The expansion of major global players in the developing economies of the region such as China and India is further accelerating the regional market growth.
Key Industry Players
The players profiled in the report include AO Kaspersky Lab, Carbon Black, Inc., Cisco Systems, Inc., Intel Corporation, McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc., Panda Security, Sophos Ltd., Symantec Corporation, and Trend Micro, Inc. The major players are involved in strategic mergers and acquisitions, collaborations and partnerships, and new product development in order to expand their market share. For instance, in October 2020, BlackBerry has announced a new suite composed of four products including endpoint protection, endpoint detection and response, mobile threat defense, and user/entity behavior analytics. The company says its new cybersecurity product is the industry's first AI-powered unified endpoint security system.
Market By Component
Market By Deployment
Market By Enterprise Size
Small and Medium Enterprises (SMEs)
Market By End-use Industry
Telecom & IT
Government and public sector
Market By Geography
Middle East & Africa