Endpoint Security Market Accelerates at 9.2% CAGR to Attain US$ 35.15 Billion by 2034: Fact.MR Study
The surge in demand for SaaS-based endpoint security solutions is primarily driven by the convenience they offer in deployment.
Rockville, Jan. 18, 2024 (GLOBE NEWSWIRE) -- The global *Endpoint Security Market* is estimated at US$ 14.61 billion in 2024 and is forecasted to reach a value of US$ 35.15 billion by the end of 2034. This study by Fact.MR, a market research and competitive intelligence provider, suggests that bulk of market revenue will come from the deployment of endpoint security solutions in large enterprises.
Growing adoption of the bring your own device (BYOD) trend in the majority of organizations around the world is projected to primarily bolster demand for endpoint security solutions in the future. Rapid digitalization in different industry verticals and a growing focus on cybersecurity are also predicted to create an opportune scenario for endpoint security companies in the future.
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*Key Segments of **Endpoint Security **Industry Research Report *
*By Deployment Type* *By End User* *By Vertical* *By Region*
· On-premise
· SaaS
· Small & Medium Enterprises (SMEs)
· Large Enterprises
· Banking
· Discrete Manufacturing
· Government Agencies
· Process Manufacturing
· Healthcare
· Telecommunication
· Energy & Utilities
· Investment Services
· Others
· North America
· Europe
· Latin America
· East Asia
· South Asia & Oceania
· Middle East & AfricaEndpoint security providers are focusing on launching new solutions and services that improve the overall cybersecurity for their users and ensure compliance with the ever-changing cybersecurity landscape.
· In March 2023, Sophos, a leading innovator in the cybersecurity space, showcased its innovative advancements of endpoint security offerings to improve the overall cyber threat defense of enterprises. Integrated zero trust network access agents, Linux malware protection enhancements, and adaptive active adversary protection were some of the new endpoint solutions introduced by Sophos.
*Key Takeaways from Market Study*
· In 2024, the endpoint security market is estimated at a valuation of US$ 14.61 billion.
· Demand for endpoint security is projected to rise at a stellar CAGR of 9.2% from 2024 to 2034.
· The market is forecasted to reach a value of US$ 35.15 billion by 2034-end.
· Rapid digitalization, growing focus on cybersecurity, increasing adoption of cloud-based solutions, high use of connected devices such as smartphones and IoT devices, and increasing implementation of the BYOD trend are key market drivers.
· Dearth of skilled technicians and professionals to update and operate endpoint security solutions is projected to limit market growth in the long run.
· SaaS endpoint security demand is forecasted to reach a market valuation of US$ 26.61 billion by the end of the study period.
· Demand for endpoint security in East Asia is forecasted to rise at an impressive 9.7% CAGR over the next 10 years.
· In China, demand for endpoint security is estimated to account for a revenue value of US$ 3.15 billion in 2024.
*“Migration of on-premise solutions to cloud systems is projected to bolster the importance of endpoint security in the long run,”* says a Fact.MR analyst.
*Winning Strategy*
Endpoint security suppliers are continually investing in the development of new software and solutions that are capable of efficiently preventing cyberattacks. Endpoint security companies are also projected to focus on mergers, acquisitions, and collaborations to amplify their business potential on a global scale.
As the landscape of cybersecurity technology evolves and the global emphasis on cybersecurity intensifies, mergers and acquisitions are anticipated to play a pivotal role for all endpoint security companies.
· In November 2023, Palo Alto Networks, a prominent player in the cybersecurity domain, revealed the acquisition of Talon Cyber Security, an Israeli start-up. While the financial details of this acquisition were undisclosed, Palo Alto Networks has solidified its position in the global cybersecurity arena, leveraging this strategic move.
· In March 2021, Lookout Inc., a leading cybersecurity provider, made headlines with the acquisition of CipherCloud, a cloud-native cybersecurity firm. This strategic move empowered Lookout to establish a comprehensive end-to-end platform, fortifying data security across organizations from the cloud to endpoints.
*Key Companies Profiled *
· Ivanti
· CrowdStrike
· Cisco Systems Inc.
· Fortinet Inc.
· Palo Alto Network Inc.
· Trend Micro Inc.
· AO Kaspersky Lab
· Sophos Ltd.
· Blackberry Limited
· VMware Inc.
· Check Point Software Technologies Ltd.
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*Report Attribute* *Details*
Value Projection (2034) USD 35.15 Billion
Growth Rate (2024-2034) 9.2 % CAGR
No. of pages 170 Pages
No. of Tables 84 Tables
No. of Figures 112 Figures
*
More Valuable Insights on Offer*
Fact.MR, in its new offering, presents an unbiased analysis of the global endpoint security market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights on the market based on deployment type (on-premise, SaaS), end user (small & medium enterprises [SMEs], large enterprises), and vertical (banking, discrete manufacturing, government agencies, process manufacturing, healthcare, telecommunication, energy & utilities, investment services, others), across six major regions of the world (North America, Europe, Latin America, East Asia, South Asia & Oceania, and MEA).
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