Press release
Endpoint Security Market to Reach $35.15 Billion at a Steady 9.2% CAGR by 2034
One of the key drivers behind this anticipated growth is the increasing adoption of the bring your own device (BYOD) trend across numerous organizations worldwide. This trend is expected to significantly boost the demand for endpoint security solutions in the foreseeable future. Furthermore, the rapid pace of digitalization across various industry verticals, coupled with a heightened focus on cybersecurity, is predicted to create a favorable environment for companies operating in the endpoint security sector.
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Endpoint security providers are focusing on launching new solutions and services that improve the overall cybersecurity for their users and ensure compliance with the ever-changing cybersecurity landscape.
• In March 2023, Sophos, a leading innovator in the cybersecurity space, showcased its innovative advancements of endpoint security offerings to improve the overall cyber threat defense of enterprises. Integrated zero trust network access agents, Linux malware protection enhancements, and adaptive active adversary protection were some of the new endpoint solutions introduced by Sophos.
Key Takeaways from Market Study
• In 2024, the endpoint security market (엔드포인트 보안 시장) is estimated at a valuation of US$ 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.
List of Key Companies Profiled in The Report
• 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.
• Others
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.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global endpoint security market (端点安全市场), 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).
The endpoint security market is poised for continued growth and innovation, driven by the evolving threat landscape, the proliferation of internet-connected devices, and the increasing awareness of cybersecurity risks. Organizations that prioritize endpoint security as part of their overall cybersecurity strategy will be better positioned to protect their endpoints, safeguard sensitive data, and mitigate the risk of cyber-attacks.
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The global endpoint security management market to grow from USD 4604.65 million in 2016 to USD 14935.63 million by 2023, at a Compound Annual Growth Rate (CAGR) of 18.31%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
The major…
