The latest research study “Endpoint Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global endpoint security market reached a value of US$ 14.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 28.29 Billion by 2027, exhibiting a CAGR of 11.20% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Endpoint security includes software and services that are utilized for safeguarding the data and workflow of end-user devices, including desktops, laptops, and mobile phones, from being exploited by cyberattacks and malicious threats. They examine the files entering the network and secure endpoints through application control and encryption. Endpoint security solutions simplify security management, enhance business resilience, and improve the overall revenue. They use endpoint detection and response (EDR) that allow advanced threat detection, polymorphic attacks, zero-day attacks, etc. Consequently, endpoint security services find extensive utilizations across numerous sectors, such as banking, financial services, and insurance (BFSI), healthcare, IT, telecommunications, government, defense, manufacturing, retail, e-commerce, etc.
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Global Endpoint Security Market Trends and Drivers:
The increasing number of and sophistication in cybersecurity threats, including hacktivism, malicious and accidental insider attacks, and organized crimes, is primarily driving the endpoint security market. Besides this, the emerging trend of bring your own device (BYOD) and the elevating adoption of remote work procedures in small and medium-sized enterprises (SMEs) are also positively influencing the global market. Furthermore, the launch of artificial intelligence (AI) and machine learning enabled solutions in cloud-based models that reduce the need to store the database of threat information locally and provide enhanced scalability is acting as another significant growth-inducing factor. Additionally, the expanding adoption of the internet of things (IoT), industrial control systems, and smart sensors is expected to propel the endpoint security market in the coming years.
| Endpoint Security Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 14.63 Billion |
| Market forecast in 2027 | US$ 28.29 Billion |
| Growth Rate | CAGR of 11.20% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component, Deployment Mode, Organization Size, Vertical and Region |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | 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 and Trend Micro Incorporated. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
- Software
- Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Vertical:
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecommunications
- Government and Defense
- Healthcare and Life Sciences
- Manufacturing
- Retail and E-Commerce
- Others
By Geography:
- 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
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List of Major Key Players:
The major players in the market are 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 and Trend Micro Incorporated.
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