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Allied Market Research

Endpoint Security Market by Service (Professional Services and Managed Services), Deployment Mode (Cloud and On-Premise), Solution Type(Endpoint Protection Platform and Endpoint Detection & Response), Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), and Industry Vertical (BFSI, Healthcare& Life Sciences, Retail and eCommerce, Manufacturing, and Other), and Region): Global opportunity analysis and industry forecast 2020-2027

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Aug 2021 | 743 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Endpoint Security Market Statistics:

Endpoint security is the process of safeguarding entry points or endpoints of end-user devices such as laptops, desktops, and mobiles from being exploited to malicious actors. The endpoint security systems protect these endpoints in cloud or on a network from cyber security threats. This system helps to protect a corporate network by supervising their activities, software, authentication, status, and authorization.  In the enterprises use of cloud-delivered or SaaS-based endpoint security solutions is continuing to increase, owing to its benefits such as computing scalability, cost-savings, and low maintenance requirements. Endpoint security service providers are keen to offer customized solutions as the attacks on endpoint networks are on the rise.

Endpoint Security Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

 Service, Deployment Mode, Solution Type, Organization Size, Industry Vertical, and Region

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Microsoft Corporation, Symantec, McAfee, Palo Alto Networks, International Business Machines Corporation (IBM), TrendMicro, FireEye, Fortinet, Sophos, Check Point Software, CrowdStrike.

 

Impact of COVID-19 Pandemic on Endpoint Security Market:

  • The pandemic is causing disruption of life and businesses across the world. Organizations such as healthcare, government offices, finance, and businesses are rapidly transitioning to digital media to keep their operations unhampered and improve employee safety. Organizations are experiencing new paradigms that considerably impact security aspect of operations.
  • In the pandemic situation, security concerns have increased significantly, which have pushed organizations to implement mandatory policies for their employees to work from home. This change has caused increase in number of endpoints to be a part of the business network and demand forendpoint security solutions have increased for safeguarding business-critical data.
  • For instance, a cooperative alert was issued by the UK and the U.S. Federal cyber agencies stating that the pandemic is being misused by hackers to compromise endpoints used by employees of businesses and organizations for remote work from home.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The endpoint security market is experiencing growth due to proliferation of connected devices, such as tablets, smartphones, and network devices in various industries to support their network security requirements. Increase in connected devices generates numerous endpoints in networks, this surge in endpoints is driving need for endpoint security.In addition, the trend of Bring Your Own Device (BYOD) amongst organizations is enabling more devices in business networks, causing increased network vulnerabilities. It generates demand for incorporating policies for BYOD security as well as endpoint security solutions, such as encryption technologies, mobile device security, and anti-virus to protect critical enterprise assets. However, enterprise preferences toward free endpoint security solutions and lack of in-house expertise and IT resources restrain growth of the market. Endpoint security solutions are adopted for security of on-premises serversand for virtual & container workloads in public or private cloud environments, which is opportunistic for the endpoint security market.

The global endpoint security market trends are as follows:

Improved Endpoint Protection with Machine Learning (ML)

Recent progresses in machine learning or artificial intelligence (AI) are enabling a more effective approach for endpoint security. Enterprises are utilizing machine learning models to automate basic security tasks, detect malicious files, and enhance their security operations center (SOC) team's work for threat finding.

Consolidation of Endpoint Agent

Endpoint security solutions are undergoing consolidation. Previously anti-malware & anti-virus and personal firewall products were being consolidated in single suite, similarly there is a trend of consolidation of siloed endpoint security tools into a single agent to enable centralized management of multiple security functions. The purpose of the consolidation is to simplify overall solutions for customers.

Key segments covered:

Segments

Subsegments

  Service

  • Professional Services
  • Managed Services

  Deployment Mode

  • Cloud
  • On-Premise

  Solution Type

  • Endpoint Protection Platform
  • Endpoint Detection and Response

  Organization Size

  • Small and Medium-Sized Enterprises (SMEs)
  • Large Enterprises

  Industry Vertical

  • BFSI
  • Healthcare & Life Sciences
  • Retail and eCommerce
  • Manufacturing
  • Other

 

Key benefits of the report:

  • This study presents the analytical depiction of the global endpoint security industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global endpoint security market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global endpoint security market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global endpoint security market analysis based on competitive intensity and how the competition will take shape in coming years.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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