WESTFORD, Mass., July 2, 2024
/PRNewswire/ -- According to SkyQuest, the global Endpoint Security
Market size was valued at USD 10.40
billion in 2022 and is poised to grow from USD 11.94 billion in 2023 to USD 36.01 billion by 2031, growing at a CAGR of
14.8% in the forecast period (2024-2031).
Organizations use advanced security solutions as their first
line of defense in cybersecurity to protect their company network
infrastructure. Market expansion is anticipated as Bring Your Own
Device (BYOD) policies are implemented more frequently. For
instance, the web threat intelligence detection XDR solution
FortiXDR was introduced by Fortinet, Inc. BlackBerry Limited
introduced the managed detection and response (MDR) service in a
similar manner. Additionally, for endpoint security, Broadcom, Inc.
has introduced Adaptive Protection. Solutions are heavily reliant
on emerging technology, including cloud computing, artificial
intelligence (AI), the Internet of Things (IoT), and others.
Download a detailed overview:
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Endpoint Security Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 11.94 billion
|
Estimated Value by
2031
|
$ 36.01 billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 14.8%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and
Trends
|
Segments
Covered
|
Component, Enforcement
Point, Enterprise Size, End-User and Deployment
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Rising Number of
Connected Devices
|
Key Market
Drivers
|
Rising trend of
BYOD
|
Segments covered in Endpoint Security Market are as
follows:
- Component
- Solutions (Endpoint Protection Platform (EPP) (Antivirus,
Anti-Spyware/Anti-Malware, Firewall, Endpoint Device Control,
Intrusion Prevention, Endpoint Application Control, Others),
Endpoint Detection and Response (EDR)), Services (Professional
Services (Training and Consulting, Integration and Implementation,
Support and Maintenance), Managed Services)
- Enforcement Point
- Workstations, Mobile Devices, Servers, Point of Sale Terminals,
Others
- Enterprise Size
- Large Enterprises, Small and Medium Enterprises (SMEs)
- End-User
- Government & Public Sector, BFSI, Healthcare, IT &
Telecom, Transportation, Education, Manufacturing, Retail &
e-commerce, Others
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Large Enterprises Redefining Endpoint Security in Global
Arena
The worldwide endpoint security market is shaped in large part
by the size of the enterprise. The need for comprehensive and
scalable solutions is generally driven by large organisations,
whilst small and medium-sized enterprises (SMEs) prioritise
cost-effective security measures that are suited to their specific
needs. Market strategies and product development are influenced by
this segmentation to effectively meet the diverse needs and budgets
of organisations.
Large corporations have a great deal of influence in the global
endpoint security market, owing to their sizable financial backing
for all-encompassing cybersecurity solutions. By fitting by the
artificial intelligence and machine learning technology as well as
having the wide network infrastructure and following to regulation
guidelines strictly, they hold an exclusive position to enhance
ingenuity and expand market and at the same time set up security
standards in the industry.
SMEs being small and financially limited create a big part of
the world's endpoint security demand driving demand for
trustworthy, low-priced security solutions. Small and financially
constrained firms need help protecting themselves from cyber
threats as they tend to adopt new tech fast, yet they face higher
risks of online attacks. This is due to SMEs are quick in adopting
new technologies but are also at risk from online attacks.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/endpoint-security-market
Optimizing Performance through Strategic Deployment in
Endpoint Security
Deployment in the worldwide endpoint security sector signifies
the activities involving placing security systems into operation
and orchestrating these solutions across various networks and
gadgets. It is proverbial that deploying well means better
protection from cyber-attacks, fewer weak points, more speed
thereby preserving invaluable information for all organizations
worldwide.
In the worldwide endpoint security industry, on-premises
deployment gives users more control and customisation by installing
security solutions directly on local servers and devices. This
method is critical for companies with strict regulations on data
security since it ensures that they adhere to legal requirements,
directly control their sensitive information thereby upholding
strong security and operational integrity.
In the worldwide endpoint security industry, cloud deployment
uses remote servers to offer flexible, scalable security solutions.
This approach is central in enabling organization to promptly
respond to fresh dangers, reduce infrastructure budget and maintain
reliable real time security on all endpoints as it is easy to
incorporate, affordable and allows immediate updates.
Crucial Role of Enterprise Size and Advanced Deployment
Strategies To turn Fruitful
Modern advanced security solutions are essential for
safeguarding organisational network infrastructures in the quickly
changing digital landscape of today. The increased spread of BYOD
policies is driving demand for such cutting-edge solutions as
Broadcom's Adaptive Protection, BlackBerry's MDR, and Fortinet's
FortiXDR. Advanced technology adoption, compliance, and scalability
are key priorities for big enterprises, which use their large
resource bases, while small and midsize businesses are pushing for
good quality and affordable cybersecurity solutions. Efficient
implementation, regardless of on-premises or cloud-based options,
guarantees all-encompassing security and uninterrupted operations,
providing defence against the continuously increasing risk of
cyberattacks.
Related Reports:
Cyber Security Market
Network Security Market
Managed Security Services Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia
Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
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Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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SOURCE SkyQuest Technology