Endpoint Security Market Size, Share, Growth & Forecast 2028

report image

Endpoint Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Solution (Antivirus, Antispyware, and Antimalware; Firewall; Endpoint Device Control; Intrusion Prevention; and Endpoint Application Control), Services (Consulting, Training & Support, and Managed Services), Deployment (Cloud and On-premise), and Vertical (Government & Defense, BFSI, Retail, IT & Telecom, Healthcare, Energy & Utilities, Education, and Others)

Publication Month: Oct 2022 | Report Code: TIPRE00014571 | No. of Pages: 216 | Category: Technology, Media and Telecommunications | Status: Published

The endpoint security market size was valued US$ 14,951.39 million in 2022, it is estimated to grow at a CAGR of 9.0% from 2022 to 2028

In digital and connected workplaces, the influx of consumer electronics such as smartphones, tablets, notebooks, and wearables is growing at an unprecedented rate across IT & telecom, BFSI, retail, automotive, healthcare, and other major industries. Further, the rising number of successful cases of IoT and connected devices use in workplaces across industries is driving the adoption of IoT-connected devices in enterprises. According to Ericsson Mobility Report in 2019, the overall IoT connections are expected to rise from 10.8 billion in 2019 to 24.9 billion by 2025. Also, the rising adoption of technologies such as IoT and AI in various industries is increasing the demand for connected devices, which fuels the need for advanced endpoint security solutions.

Managing desktops, smartphones, tablets, laptops, and BYOD in large organizations is highly complex and costly. Many companies are facing the huge challenge of managing and controlling the ever-growing number of endpoints in their organizations. Endpoint security systems offer several functions such as antivirus, antispyware, and antimalware; firewall; endpoint device control; intrusion prevention; and endpoint application control, which helps the IT team secure the endpoints in various devices such as desktops, smartphones, tablets, and laptops. Thus, the rising number and variety of vulnerable endpoints in enterprises drive the demand for endpoint security solutions.

Consulting, Training & Support, and Managed Service

The endpoint security market is segmented on the basis of solution, services, deployment, vertical, and geography. By solution, the market is segmented into antivirus, antispyware, & antimalware, firewall, endpoint device control, intrusion prevention, and endpoint application control. In 2020, the antivirus, antispyware, & antimalware segment held the largest share of the market. Based on vertical, the market is segmented into government & defense, BFSI, retail, IT & telecom, healthcare, energy & utilities, education, and others. In 2020, the IT & telecom segment accounted for the largest share of the endpoint security industry. Based on vertical, the endpoint security market is bifurcated into on-premise and cloud. Based on the services, the endpoint security market is segmented into consulting, training & support, and managed service. Based on geography, the endpoint security industry is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for a significant share of the market.

Endpoint Security Market - Strategic Insights

Report Coverage - Endpoint Security Market
Report CoverageDetails
Market Size Value inUS$ 14,951.39 Million in 2022
Market Size Value byUS$ 25,073.13 million by 2028
Growth rateCAGR of 9.0% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages216
No. of Tables115
No. of Charts & Figures98
Historical data availableYes
Segments coveredSolution, Services, Deployment, and Vertical
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Impact of COVID-19 Pandemic on Endpoint Security Market

Amid the lockdown restrictions imposed in response to the COVID-19 pandemic, a shift toward remote working of work-from-home mandates triggered awareness among enterprises about data security and cyber-attacks, which bolstered the demand for cloud-based security solutions. Europe holds a substantial growth opportunity for the endpoint security market, and COVID-19 pandemic has several impacts on the market growth.

Europe is a hub of the IT & telecom, BFSI, automotive, healthcare, aerospace & defense, energy & power, and manufacturing sectors. Businesses in many European countries had to suspend their operations or reduce their activities, which affected their revenues in 2020. However, the implementation of remote working models allowed many organizations in countries such as the UK, Germany, and France to revive their operations. This transition in the work model has compelled stakeholders in the healthcare, tourism and hospitality, telecommunications, and BFSI sectors to adopt endpoint security solutions. Further, the European Commission is working on the capital markets union to introduce new funding programs for businesses in the region. Thus, such government initiatives for strengthening business activities would further contribute to the endpoint security market growth.

Lucrative Regions for Endpoint Security Market

Lucrative Regions for Endpoint Security Market

Get more information on this report :

Market Insights

Rising Inclination Toward Cloud-Based Endpoint Security Solutions

Cloud computing is transforming modern workplaces in diverse industry verticals by enhancing security, IT, and DevOps, which is accelerating the development of innovative solutions and services for enhanced user experience. Owing to the potential benefits of cloud computing, the adoption of cloud-based solutions among enterprises has been growing rapidly in the past few years. The continuously evolving cloud architectures, algorithms, and integration of advanced features in cloud solutions fuel the adoption of these solutions in BFSI, IT & telecom, retail, manufacturing, automotive, and other diverse industry verticals.

As any companies such as MobileIron; Citrix Systems, Inc.; IBM Corporation; Microsoft Corporation; and VMware, Inc. offer cloud-based unified endpoint management (UEM) solutions, the demand for cloud-based solutions over on-premise solutions is projected to grow significantly, especially among SMEs, over the forecast period. Thus, demand for the cloud based endpoint security solution is growing at significant pace.

Solution-Based Insights

The endpoint security market, by solution, is segmented into antivirus, antispyware, and antimalware; firewall; endpoint device control; intrusion prevention; and endpoint application control. In 2021, the antivirus, antispyware, & antimalware segment dominated the market. Also, the segment is expected to retain its dominance during the forecast period. Moreover, the endpoint device control segment is expected to register the highest CAGR during the forecast period.

Endpoint Security Market, by Solution – 2022 and 2028

Endpoint Security Market, by Solution – 2022 and 2028

Get more information on this report :

Source: The Insight Partners Analysis

Vertical-Based Insights

The endpoint security market, by vertical, is segmented into government & defense, BFSI, retail, IT & telecom, healthcare, energy & utilities, education, and others. In 2021, the IT & telecom segment dominated the market. Also, the segment is expected to retain its dominance during the forecast period. However, the healthcare segment is expected to register the highest CAGR over the forecast period.

Players operating in the market are mainly focused on the development of advanced and efficient products. Microsoft; Fortinet, Inc; Cisco Systems, Inc; AO Kaspersky Lab; and McAfee, LLC are a few key players profiled during the study on the endpoint security market. Several other major market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The endpoint security market report provides detailed market insights, which helps the key players strategize their growth.

  • In 2022, Avanti collaborated with Absolute Software, a provider of self-healing endpoint and secure access solutions, to give Absolute Resilience customers the ability to improve the health and resilience of Ivanti Neurons for Unified Endpoint Management (UEM) through Absolute's Application Persistence capabilities.
  • In 2021, Unisys Corporation, a multinational provider of IT solutions, declared the acquisition of MobinergyTM, a company that specializes in Unified Endpoint Management (UEM). With cash in hand, Unisys is financing the deal and will concentrate on expanding Mobinergy operations across the world to grow its UEM business.

Frequently Asked Questions

The estimated global market size for the endpoint security market in 2022 is expected to be around US$ 14,951.39 million
1. Increasing adoption of the BYOD model
2. Substantial growth in the number of vulnerable endpoints in devices
Rising Inclination Toward Cloud-Based Security Endpoint Solutions across Enterprises
Microsoft; Fortinet, Inc; Cisco Systems, Inc; AO Kaspersky Lab; and McAfee, LLC are the key market players expected to hold a major market share of the endpoint security market in 2022
Asia Pacific is expected to register the highest CAGR in the endpoint security market during the forecast period (2022-2028)
The US is expected to hold a major market share of the endpoint security market in 2022
Antivirus, antispyware, antimalware segment is expected to hold a major market share of the endpoint security market in 2022
The global market size of the endpoint security market by 2028 will be around US$25,073.13 million
The endpoint security market is expected to register an incremental growth value of US$ 10,121.74 million during the forecast period

The List of Companies - Endpoint Security Market

  1. AO Kaspersky Lab               
  2. Avast Software s.r.o.         
  3. Bitdefender          
  4. Cisco Systems Inc                
  5. ESET, spol. s r.o.                   
  6. Fortinet, Inc.         
  7. F-Secure                 
  8. McAfee, LLC          
  9. Microsoft Corp     
  10. Palo Alto Networks, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global endpoint security market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global endpoint security market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00014571
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
Pricing
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount