Global Endpoint Security Market By Security Solution (Firewall, Antivirus, Application Control, and Other Key Players), By Deployment (On-Premise, and Cloud), By Application (IT & Telecom, BFSI, Industrial, and Other Applications) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Endpoint Security Market Overview:

In 2021, the market for endpoint security was worth USD 20,120 million. Over the forecast period, the market will be driven by the emerging BYOD concept across organizations.

Employees can now access corporate data from their mobile phones thanks to BYOD. It poses safety and management issues, so it requires advanced endpoint security solutions that protect sensitive business information. Many vendors, including FireEye, McAfee, and Sophos, are working on innovative solutions to address the growing demand for mobile device security.

Global Endpoint Security Market Scope:

Security Solution Analysis:

The market was dominated by antivirus solutions, accounting for 33.2% of the total revenue in 2021. Antivirus software decreases the chance of an endpoint being infected with viruses, Trojans, key loggers, rootkits, and spyware. Antivirus solutions will be more in demand due to the increase in network information.

Mobile device security is expected to grow significantly with a CAGR exceeding 26% between 2023 and 2032. Mobile device security is expected to grow due to the increasing use of mobile devices around the world and the cumulative adoption of concepts like BYOD. Mobile malware, theft, unauthorized access, unauthorized application, and eavesdropping are all possible threats to mobile devices. Therefore, advanced protection solutions must be developed to protect them from these threats.

Deployment Analysis:

Over the forecast period, cloud-based security services will gain market share accounting for over 46.6% of 2021’s revenue. Organizations are looking to cut down on investment and expenditure by embracing cloud-based services. Cloud services are also becoming more popular as they require less maintenance and are more expensive.

Application Analysis

BFSI and IT & Telecom are expected to increase their market share in the future due to increasing customer data security and increased data breaches. From 2023 to 2032, the IT & Telecom industry is expected to experience a significant CAGR exceeding 18%. Endpoint security is expected to be adopted by the medical industry as more internet-connected healthcare products are being compromised at alarming rates.

According to the Identity Theft Resource Center, the healthcare sector suffered the most data breaches in 2020. Because of its insufficient safety defenses, this sector is a prime target for attackers. Healthcare industry is now more aware of security threats and has begun to implement security solutions quickly.

Маrkеt Ѕеgmеntѕ:

By Security Solution

• Firewall
• Antivirus
• Application Control
• Other Key Players

By Deployment

• On-Premise
• Cloud

By Application

• IT & Telecom
• BFSI
• Industrial
• Other Applications

Market Dynamics:

Global markets are highly competitive. They are characterized by rapid technological advances and changing standards. The key growth strategies of the major players in the industry are mergers & acquisitions, and strategic alliances. Intel acquired McAfee Inc. Recent news was that Raytheon Websense, a Texas-based cybersecurity firm, announced it had acquired firewall business Stone soft from Intel Security.

There are several regulatory trends that encourage the adoption of this technology across all sectors, including retail and BFSI. The retail sector is governed by the North American Data Breaches Disclosure Law (PCI), Payment Card Industry (PCI), Data Security Standard (DSS), and Payment Application Qualified Security Assessor (PAQSA).

Regional Analysis

North America dominated the endpoint security market with a share of 33.8% in 2021. Europe and North America have a major market share due to the rapid growth of mobile phones and Internet services. These regions also have a lot of key players offering innovative solutions in many segments, such as BFSI and automotive. The rise in mobility in countries like India, Brazil, and China will drive high growth in emerging markets in the Asia Pacific, MEA, and South America.

Asia Pacific is expected to see a 15.2% CAGR between 2023 and 2032. These services are being adopted in greater numbers due to cloud computing and BYOD trends.

Кеу Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Bitdefender, Cisco, and ESET are the key players in this market. To mitigate cyber risk, major companies offer advanced technologies and are involved in mergers & acquisitions as well as strategic alliances. This contributes to market growth.

Маrkеt Кеу Рlауеrѕ:

• Microsoft
• AO Kaspersky Lab.
• Sophos Ltd.
• IBM
• McAfee LLC
• Trend Micro Incorporated
• Bitdefender
• F-Secure
• Broadcom (Symantec Corporation)
• Other Key Players

For the Endpoint Security Market research study, the following years have been considered to estimate the market size: