The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The endpoint security market has witnessed robust growth in recent years, driven by escalating cyber threats, digital transformation initiatives, and the proliferation of remote work trends. With the market size projected to reach $17.76 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 8.9%, and further expanding to $26.14 billion by 2028 at a CAGR of 10.1%, it is evident that endpoint security remains a critical focus for organizations worldwide.

Factors Driving Market Growth

• Rise in Cyber Threats: The escalating frequency and sophistication of cyber threats have necessitated robust endpoint security solutions to safeguard organizational assets and sensitive data.
• Digital Transformation: The ongoing digital transformation initiatives across industries have led to an increased reliance on endpoint devices, thereby amplifying the demand for comprehensive security measures.
• Compliance Requirements: Stringent regulatory requirements compel organizations to invest in endpoint security solutions to ensure compliance and mitigate the risk of data breaches and regulatory penalties.
• Remote Work Trends: The proliferation of remote work arrangements, accelerated by global events, has expanded the attack surface, making endpoint security imperative for remote workforce protection.

Rising Number Of End-Points Fueling Growth In The Endpoint Security Market

The proliferation of endpoint devices, including smartphones, desktop computers, and laptops, is driving the growth of the endpoint security market. With India boasting the highest mobile data consumption rate globally and adding 25 million new smartphone users quarterly, the significance of endpoint security in mitigating cyber threats cannot be overstated. Major companies such as VMware Inc., McAfee Corp., and Palo Alto Networks Inc. are at the forefront of developing innovative solutions to address evolving endpoint security challenges.

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Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers

Major players in the endpoint security market are prioritizing product innovations to deliver reliable services to their customers. For instance, Kaspersky Lab’s launch of Endpoint Security Cloud Pro exemplifies the industry’s commitment to offering cutting-edge solutions tailored to meet the evolving security needs of organizations. With features like endpoint detection and response, businesses can enhance their security posture and respond effectively to cyber threats. IBM’s acquisition of ReaQta further underscores the industry’s focus on bolstering security capabilities through strategic partnerships and acquisitions.

Market Segmentation and Regional Outlook

The endpoint security market is segmented based on components, deployment models, enterprise size, and verticals. Components include software and services, while deployment options encompass on-premise and cloud-based solutions. Additionally, the market caters to diverse enterprise sizes, including large enterprises and small and medium enterprises, across verticals such as BFSI, telecommunications, healthcare, manufacturing, and retail. North America currently leads the endpoint security market, with Asia-Pacific projected to witness the fastest growth in the forecast period, driven by increasing digital adoption and cybersecurity investments across the region.

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The Endpoint Security Global Market Report 2024 provides an overviewof the endpoint security market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The endpoint security market forecast analyzesendpoint securitymarket size, endpoint security market share,leading competitor and their market positions.

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