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 2022-2029

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.

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 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.

 Key Market Segments

 Key Market Players

• Microsoft Corporation
• Symantec
• McAfee
• Palo Alto Networks
• International Business Machines Corporation (IBM)
• TrendMicro
• FireEye
• Fortinet
• Sophos
• Check Point Software
• CrowdStrike.