Endpoint Security Market
The Endpoint Security Market is projected to expand at a CAGR of 7.1% over the forecast period. The market is expected to reach a vale of USD 22,604 Million by 2027. Endpoint security systems help companies attain better endpoint visibility and identify endpoint exploit processes.
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Endpoint Security Market Dynamics
With the increasing incidences of cyber threats and breaches, enterprises are emphasising on the enforcement of risk management policies, such as developing a risk management structure and upgrading & maintaining risk management capabilities. The use of advanced technologies, such as internet of things (IoT), artificial intelligence (AI), and connected devices will bolster the market growth. Factors, such as growing trend of bring your own device, reduction of IT risks, and highest cost due to endpoint attacks, and centrally managed administration have driven the endpoint security market size.
With the coronavirus crisis, companies have adopted work from home policies. Thus, the risk of endpoint devices getting impacted from the unknown virus has increase. For example, in 2020, around 70% of the organizations faced issues in maintaining “Endpoint Cyber Hygiene”, which has inclined organizations to remodel their business frameworks and raise their expenditure on security solutions. Lack of skilled technical professionals to handle security systems might act as a barrier to the market. The endpoint security market forecast projects that the continuous innovation in technology has raised the need to train technical staffs which is costly, especially for SMEs.
End Use Industry Vertical Analysis
The medical segment is projected to witness a faster growth during the forecast period. Cyber-threats have become more persistent, expensive, and advanced. Healthcare industry is in time of transition to include IT infrastructure and cybersecurity. Endpoint security offers conventional prospects, such as protecting file-based malware, port and device control, endpoint detection and response, which helps businesses with special protections for its medical devices.
Market Segmentation
Endpoint Security Market by Solution
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- Firewall
- Antivirus
- Application Control
- Mobile Device Security (MDS)
- Encryption Technologies
- Others
Endpoint Security Market by Deployment Mode
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- On-Premises
- Cloud
Endpoint Security Market by End-Use Industry
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- IT & Telecom
- BFSI
- Industrial
- Education
- Retail
- Medical
- Others
Endpoint Security Market by Region:
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- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Asia Pacific
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