Market Size of Endpoint Security Industry
| Study Period | 2020-2027 |
| Market Size (2023) | USD 17.75 Billion |
| Market Size (2028) | USD 26.85 Billion |
| CAGR (2023 - 2028) | 8.63 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Endpoint Security Market Analysis
The Endpoint Security Market size is expected to grow from USD 17.75 billion in 2023 to USD 26.85 billion by 2028, at a CAGR of 8.63% during the forecast period (2023-2028).
Endpoint security protects the endpoints or access points of end-user devices such as desktops, laptops, and mobile devices against malicious acts and campaigns. Endpoint security technologies prevent cyber threats from reaching endpoints on a network or in the cloud.
The number of PCs, laptops, smartphones, tablets, and point-of-sale terminals is increasing dramatically as the population grows and industrial processes become more digital. As the number of smart devices grows, so will the number of endpoints in networks worldwide. As a result of the increased number of endpoint devices, security is required.
The growing number of data breaches across many sectors has exposed millions of customer data records to hackers and resulted in the loss of millions of dollars for several impacted firms, increasing the emphasis on endpoint security solutions among various end users globally.
The increasing adoption of BYOD trends in organizations has increased the influx of different laptops, desktops, and smartphones, which has created different endpoints vulnerable to attacks. Security measures on their own are not enough to stop them. The massive growth in the adoption of mobile devices across the world is expected to create significant opportunities during the forecast period. According to the Cisco Annual Internet Report, there will be approximately 29.3 billion networked devices by next year. Smart manufacturing and the smart industry are expected to grow with the increased adoption of 5G and beyond.
The endpoint security market is saturated and commoditized. There is considerable renewed growth in the market as many companies are evaluating their vendor relationships and trying to invest in efficient and higher-functioning endpoint security solutions.
During the COVID-19 outbreak, organizations were expected to adopt endpoint security solutions by facilitating social distancing at work and allowing remote work-from-home offices. This has contributed to the rapid adoption of cloud infrastructure and services, leading to a rapid increase in the number of devices driving the market.
