Endpoint Security Market to Reach $31.9 Billion, Globally, by 2031 at 8.4% CAGR: AMR
The global 𝐄𝐧𝐝𝐩𝐨𝐢𝐧𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 was
valued at $14.6 billion in 2021, and is projected to reach $31.9 billion by
2031, growing at a CAGR of 8.4% from 2022 to 2031. Factors such as increased
use of bring your own devices (BYOD) and rise in number of connected devices
drive the growth of the endpoint security market. However, lack of skilled
workers hampers market growth to some extent. Moreover, the increase in
adoption of AI enabled automated responses is expected to provide lucrative
opportunities for the market growth during the forecast period.
Endpoint security is a critically important step
in securing the endpoint devices such as desktop computers, laptops, mobile
devices, and others as this serves as entry to any structured network. Endpoint
security technologies come with a number of advantages, including protection
for weak services, network security for cloud and internet security, and
improved data privacy and policy compliance. Endpoint security has grown
significantly in importance over the past few years and has integrated itself
into everyday living for people who own smartphones, computers, and other smart
devices. Furthermore, organizations are now more vulnerable to risks like
organized crime, malicious and unintentional insider threats, hacking
activities, and rapid digitization across sectors. As the first line of defense
in cybersecurity, endpoint security is extensively used. One of the first
options that businesses look into for securing their corporate networks is this
technology.
Furthermore, factors such as increased use of
bring your own devices (BYOD) and number of connected devices primarily drive
the growth of the endpoint security market. However, lack of skilled workers
hampers market growth to some extent. Moreover, the increase in adoption of AI
enabled automated responses is expected to provide lucrative opportunities for
endpoint security market forecast.
By solution type, the endpoint protection platform segment
held the major share in 2021, garnering more than two-third of the global endpoint security market revenue. The endpoint detection and response segment would also
showcase the fastest CAGR of 10.4% during the forecast period, owing to
real-time continuous monitoring and gathering of endpoint data with rules-based
automated reaction and analysis capabilities.
𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞, Microsoft Corporation, CrowdStrike, Check Point Software
Technologies Ltd., Cisco Systems Inc., Trend Micro Incorporated,
Broadcom, AO Kaspersky Lab, SentinelOne,
McAfee, LLC, Comodo Security Solutions, Inc.
The report analyzes these key players in the
global endpoint security market. These players have adopted various strategies
such as expansion, new product launches, partnerships, and others to increase
their market penetration and strengthen their position in the industry. The
report is helpful in determining the business performance, operating segments,
developments, and product portfolios of every market player.
Depending on end user, the IT and telecom segment
dominated the endpoint security market share in 2021 and is expected to continue this dominance
during the forecast period, owing to increased usage of mobile devices among
mass population. Moreover, security analysts, threat hunters, and IT
professionals can assess and stop follow-on threats considerably and more
swiftly owing to sophisticated analysis tools and capabilities of endpoint
security tools. However, the healthcare segment is expected to witness the
highest growth in the upcoming years, owing to enable safer, quicker and more
convenient interaction between medical professionals and their medical
assistants. Endpoint security is gaining popularity in the healthcare industry
due to its increased end-to-end security with regard to patient data, cost
advantages, and user-friendly networking features.
By industry vertical, the IT and telecom segment
accounted for more than one-fifth of the global endpoint security market share
in 2021. The healthcare segment would also display the fastest CAGR of 10.2%
throughout the forecast period, owing to enable safer, quicker and more
convenient interaction between medical professionals and their medical
assistants.
By enterprise size, the large enterprise segment
held the major share in 2021, garnering more than three-fifths of the global endpoint
security market revenue. The small and medium-sized enterprises (SMEs) segment
would also showcase the fastest CAGR of 10.1% during the forecast period, owing
to a surge in the number of SMEs in Asia-Pacific's region, including China,
Japan, and India.
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