The global Endpoint Security Market size is expected to grow from USD 12.8 billion in 2019 to USD 18.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. Major growth drivers of the market are the increasing number of endpoints and Bring Your Own Devices (BYODs) among enterprises, the rising endpoint attacks and breaches, higher costs accrued due to endpoint attacks, mitigation of IT risks, and centrally managed protection and administration.
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Top Key Players
Major North American vendors in the Endpoint Security market are Microsoft (US), CrowdStrike (US), Symantec (US), TrendMicro (Japan), Sophos (UK), McAfee (US), Kaspersky (Russia), Carbon Black (US), SentinelOne (US), ESET (Slovakia), Cylance (US), Bitdefender (Romania), Cisco (US), FireEye (US), Panda Security (Spain), F-Secure (Finland), Palo Alto Networks (US), Check Point Software (Israel), Fortinet (US), Malwarebytes (US), Endgame (US), and Comodo (US).
Among solutions, the endpoint detection and response segment to grow at a higher CAGR during the forecast period
The endpoint security market is segmented by solution into Endpoint Protection Platform (EPP) and Endpoint Detection and Response (EDR). The EDR segment is expected to be the fastest-growing segment in the endpoint security market, due to the growing need for detection and remediation of threats during any endpoint security breach or an attack. These technologically advanced solutions help in detecting and remediating the most recent known and unknown threats. It forms a first level of defense for organizations to secure endpoints.
Large enterprises segment to hold a larger market size during the forecast period
The endpoint security market is segmented into large enterprises and Small and Medium-sized Enterprises (SMEs) by organization size. The large enterprises segment is expected to have a larger market size during the forecast period, due to the large volumes of data being generated by large enterprises and the increasing demand for real-time endpoint security solutions and services. However, the SMEs segment is expected to grow at a higher CAGR during the forecast period. Owing to the high availability of cost-effective cloud solutions, endpoint security solutions and services are expected to witness a prominent growth rate among SMEs during the forecast period.
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North America to hold the highest market share during the forecast period
North America is expected to hold the highest share in the global endpoint security market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The high growth rate in APAC can be attributed to organizations in the region grabbing opportunities to go beyond ensuring their regulations and compliances and applying technology to curtail threats on the enterprise endpoints. Additionally, the region has the highest adoption of mobile devices and connected devices that are initially vulnerable to endpoint attacks.
North America is the most significant revenue contributor to the global endpoint security market. The region is witnessing significant developments in the endpoint security industry. In North America, the high penetration of this technology can be attributed to the increasing use of the automation and behavioral analysis for threat detection, growing amount of data across verticals, and rising investments by companies in real-time security solutions.
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