Endpoint Security Market is valued at USD 11.91 Billion in 2018 and expected to reach USD 21.18 Billion by 2025 with the CAGR of 8.79% over the forecast period.
Endpoint security refers to securing endpoints or end-user devices like desktops, laptops, and smartphones. Endpoint security solutions frequently use a client server model of protection and deploying centrally managed security solution. Some solutions are dependent on SaaS model, by which both central and endpoint security solutions are handled remotely. Endpoint security creates a great approach to protect individual devices and this security approach makes endpoints more heavily dependent for security than anti-virus software. Endpoint security is a combination of security system that includes security software which can be centrally managed and accessible within the network. Endpoint security is an important IT security function and concern due to more employees bring mobile devices to work and many companies allow its employees to use these devices on the corporate network.
Endpoint security market is segmented on the basis of solutions, services, and deployment, industry vertical and by region. Based upon solutions, endpoint security market is segmented into anti-virus, anti-spyware/anti-malware, firewall, endpoint device control, intrusion prevention, endpoint application control and others. On the basis of service, the market is segmented into managed services, consulting, training and support. Based upon deployment, endpoint security market is classified cloud and on-premises. Based upon industry verticals, endpoint security market is segmented into government & defense, banking, financial services, and insurance (BFSI), it and telecom, healthcare, retail, transportation, energy and utilities, manufacturing, education and others.
North America is expected to dominate the Endpoint Security Market throughout the forecast period.
North America held the largest market for endpoint security and is expected to dominate the market throughout the forecast period due to the high penetration of endpoint security to tackle the challenges regarding increasing cases of cyber attacks and intensified data security. For example; the number of U.S. data breaches from hacking incidents reached about 227 in 2014 and 295 in 2015, which is up 30%. Europe is the second leading region in endpoint security market owing to European guidelines is strengthening data protection laws for both enterprises and people in the Europe, companies expand their security budgets and increasing investments in advanced endpoint solutions. According to Gartner’s data, it is estimated that the combined European and US enterprise endpoint platform market to grow at a CAGR of around 5.2% from 2016 to 2020.
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