Endpoint Security Market Growth Analysis with Investment Opportunities For 2024-2033
The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033
LONDON, GREATER LONDON, UNITED KINGDOM, November 4, 2024 /EINPresswire.com/ -- The endpoint security market has experienced significant growth in recent years. It is projected to increase from $16.32 billion in 2023 to $17.76 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.9%. This historic growth can be attributed to factors such as the rise in cyber threats, ongoing digital transformation, compliance requirements, the trend of remote work, and the prevalence of advanced persistent threats.
What Is The Estimated Market Size Of The Global Endpoint Security Market And Its Annual Growth Rate?
The endpoint security market is anticipated to experience substantial growth in the coming years. It is projected to reach $26.14 billion by 2028, with a compound annual growth rate (CAGR) of 10.1%. This growth during the forecast period can be attributed to factors such as the adoption of zero trust security models, increasing cloud-based endpoint security solutions, concerns regarding IoT security, and the development of integrated security platforms.
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Growth Driver Of The Endpoint Security Market
The growing number of endpoints is projected to drive the expansion of the endpoint security market in the future. An endpoint refers to any remote computing device that frequently interacts with a connected network. Examples of endpoints include smartphones, desktop computers, and laptops. Endpoint security is a strategy aimed at preventing cybercriminals from exploiting endpoints or entry points of end-user devices, such as PCs, laptops, and mobile devices, for malicious activities.
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Which Market Players Are Steering The Endpoint Security Market Growth?
Key players in the market include VMware Inc., McAfee Corp., Sophos Group plc, Palo Alto Networks Inc., Panda Security S. L., FireEye Inc., Microsoft Corporation, CrowdStrike Holdings Inc., Trend Micro Incorporated, Kaspersky Lab AO, Cisco Systems Inc., SentinelOne Inc., Juniper Networks Inc., AVG Technologies CZ s. r. o., BlackBerry Limited, Check Point Software Technologies Ltd., Broadcom Inc., Comodo Security Solutions Inc., Symantec Corporation, Carbon Black Inc., F-Secure Corporation, Bitdefender SRL, Webroot Inc., Malwarebytes Corporation, Cylance Inc., Fortinet Inc., SonicWall Inc., Barracuda Networks Inc., WatchGuard Technologies Inc., Proofpoint Inc., Zscaler Inc., Forcepoint LLC, Ivanti Inc.
What Are The Key Trends That Influence Endpoint Security Market Size?
Leading companies in the endpoint security market are concentrating on developing innovative products like Endpoint Security Cloud Pro to boost their revenues. This solution allows businesses to utilize advanced technology to protect more complex environments through a cloud-based platform, eliminating the need for additional costs associated with specialized training.
How Is The Global Endpoint Security Market Segmented?
1) By Component: Software, Services
2) By Deployment: On-Premise, Cloud
3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
4) By Vertical: Banking, Financial Services and Insurance (BFSI), Telecommunications and IT, Government and Defense, Healthcare and Life Sciences, Manufacturing, Retail and eCommerce, Other Vertical
Geographical Insights: North America Leading The Endpoint Security Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Endpoint Security Market Definition
Endpoint security is the practice of securing devices like laptops, mobile phones, desktops, and tablets from cyber-attacks and malicious threats. This approach enables businesses to safeguard devices used by employees for work-related activities. By implementing endpoint security, organizations can defend against the growing number of cyber threats that pose risks to their operations.
Endpoint Security Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global endpoint security market report covering trends, opportunities, strategies, and more
The Endpoint Security Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on endpoint security market size, endpoint security market drivers and trends and endpoint security market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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