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Endpoint Security Market Research Report

August 24, 2023

Endpoint Security Market:

The GMI Research expects the endpoint security market to expand at a significant rate. From a regional perspective, the Asia-Pacific is predicted to rise at a higher CAGR due to the rising number of connected devices and the strong adoption of IoT technologies across different sectors. The increasing adoption of endpoint security solutions by the BFSI industry across Asia.

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Endpoint Security Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis) Key Drivers

The rising cyber threats and breaches, the high adoption of bringing your own device (BYOD), higher costs accrued owing to endpoint attacks, mitigation of IT risks, and centrally managed administration and protection are the major factors responsible for the growth of the global endpoint security market share in terms of revenue. Companies are emphasizing on the introduction of risk management policies, including upgrading & maintaining risk management capabilities, effective communication & consultation regarding the risk, and launching a risk management framework. Furthermore, the launch of advanced technologies, such as connected devices, the internet of things (IoT), artificial intelligence (AI), etc., is further augmenting the growth of endpoint security market size.

The outbreak of the COVID-19 pandemic has forced the enterprises to opt for work-from-home policies for their employees. This has increased the risk of endpoint devices getting infected with known or unknown viruses. For example, it has been observed that about 70% of the companies found it difficult to maintain “Endpoint Cyber Hygiene” in 2020, which has significantly shifted various companies towards remodeling their business strategies and boost their spending on security solutions. All these factors will boost the growth of the endpoint security market. Numerous organizations experience a lack of skilled technical professionals to manage security systems. On the other hand, the continuous technological advancement requires constant training of the technical staff, which is quite costly, particularly for SMEs, will hinder the market growth.

End-Use Industry Segment Drivers

Based on the end-use industry, the medical segment is predicted to increase at a higher CAGR in the upcoming years. Cyber-threats are coming up to be more purposeful, sophisticated, and costly. The Healthcare industry is drastically shifting towards adopting IT infrastructure and cybersecurity solutions. Endpoint security provides conventional capabilities that include endpoint detection and response, port and device control, preventing file-based malware, among others, which aids businesses to offer special protections for their medical devices. These factors are bolstering the growth of the medical segment in the global endpoint security market.

Endpoint Security Market’s leading Manufacturers:

  • Bitdefender
  • ESET
  • Cisco
  • IBM
  • F-Secure
  • Kaspersky Lab
  • Panda Security SL
  • Microsoft
  • Sophos Ltd
  • Trend Micro Incorporated

Endpoint Security Market Segmentation: Segmentation by Solution:

  • Firewall
  • Antivirus
  • Application Control
  • Mobile Device Security (MDS)
  • Encryption Technologies
  • Others

Segmentation by Deployment Mode:

  • On-Premises
  • Cloud

Segmentation by End-Use Industry:

  • IT & Telecom
  • BFSI
  • Industrial
  • Education
  • Retail
  • Medical
  • Others

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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