Endpoint Security Market Size By Component (Software [Firewall, Intrusion Prevention, Anti-virus/ Anti-Malware, Endpoint Application Control, Encryption Technologies, Mobile Device Security] Service [Training and Consulting Service, Maintenance and Updates Managed Service]), By Deployment Model (On-premise, Cloud), By Application (BFSI, Telecom & IT, Retail, Healthcare, Government and Public Sector, Education, Transportation), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Jul 2020  |  Report ID: GMI1620  |  Authors: Preeti Wadhwani, Sachin Kasnale

Report Format: PDF   |   Pages: 450   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Endpoint Security Market size exceeded USD 8 billion in 2019 and is estimated to grow at a CAGR of over 9% from 2020 to 2026. The market growth is attributed to growing demand to prioritize IT security of organizations.
 

Enterprises are focusing on implementing risk management policies that involve establishing a risk management framework, assigning responsibility for managing the risk, effective communication & consultation related to the risk, and maintaining & upgrading risk management capabilities. The growing BYOD trend on account of recent COVID-19 outbreak is supporting the market demand for endpoint security solutions across organizations globally.
 

Endpoint Security Market By Region

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Endpoint Security Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 8 Billion (2019)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 9% 2026 Value Projection: USD 15 Billion (2026)
Pages: 450 Tables, Charts & Figures: 784
Geographies covered (22): U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands China, India, Japan, South Korea, Australia and New Zealand, Singapore, Malaysia, Philippines, Brazil, Mexico, Argentina, South Africa, GCC, Israel
Segments covered: Component, Deployment Model, Application and Region
Companies covered (22): AhnLab, Inc., Avira Operations GmbH & Co. KG., Bitdefender, Carbon Black, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Comodo Group, Inc., Cylance Inc., ESET, spol. s.r.o., FireEye Inc., Fortinet, Inc., F-Secure, IBM Corporation, McAfee, Inc., Kaspersky Lab., Microsoft Corporation, Panda security, Sophos Ltd., Symantec Corp., Trend Micro Inc., VIPRE Security, and Webroot Inc.
Growth Drivers:
  • Need to manage and mitigate IT security risks
  • Growing incidents of endpoint attacks
  • Increasing penetration of mobile devices
  • Rising popularity of the BYOD trend
Pitfalls & Challenges:
  • Preference towards free endpoint security solutions
  • Lack of IT resources and in-house expertise

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Software is expected to dominate the U.S. industry

In the U.S. endpoint security market, the software segment held a significant share of over 80% in 2019 due to rising demand for large scale installation of endpoint protection software solutions, such as antivirus/antimalware and firewalls, to secure networks from breaches by malicious files and applications. These solutions are centrally deployed and managed to offer easily scalable protection of enterprise-wide endpoints. These solutions ensure optimal security against evolving malware types and viruses, threatening the security and integrity of critical data.
 

The mobile device security software segment will witness over 5% growth rate in the U.S. market during the forecast period. With growing popularity of the BYOD trend among organizations, the attack surface for hackers has significantly increased in terms of mobile devices used in corporate networks. With an increasing number of mobile devices being used in corporate networks, enterprises are focusing on developing effective mobile endpoint protection strategies that strike a balance between effective information security and an excellent user experience.
 

On-premise is the most adopted endpoint security deployment model across the UK market

On-premise deployment model dominated the UK endpoint security market in 2019, with a revenue share of around 70%. Enterprises prefer to establish their IT security infrastructures on their premises to ensure safety and reliability, and the on-premise deployment is the most preferred one for implementing endpoint security solutions. However, with the rapidly increasing popularity of cloud computing technology, which offers high flexibility and scalability to deploy endpoint security solutions over cloud networks, the market for cloud-based deployment model is expected to exhibit the fastest growth over the coming years.
 

In China, the adoption of endpoint security solutions across the BFSI industry is poised to grow exponentially

China Endpoint Security Market

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BFSI application segment in Chinese endpoint security industry is anticipated to exhibit growth of over 15% through -2026 impelled by rising demand to protect data across financial institutions, leading to high adoption of endpoint security solutions by organizations operating in the BFSI industry. Owing to stringent government regulations for ensuring maximum security and confidentiality of financial data, companies are adopting and maintaining sophisticated endpoint protection solutions in their IT infrastructures. The exponential growth of fintech platforms coupled with increasing attacks targeted toward financial databases is facilitating the growing adoption of strong cyber security initiatives by government institutions around the world.
 

Increasing data breach incidents are supporting market growth in North America

Canada Endpoint Security Market

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North America is predicted to dominate the endpoint security market share during 2020-2026 led by widespread adoption of these solutions in public and private sectors in the U.S. to mitigate the risks arising from frequent cyber theft attacks. The increasing incidences of data breaches and cybersecurity attacks in the U.S. are promoting the adoption of endpoint security solutions among enterprises. Data breaches have gained more attention due to impacts of digitization on financial, healthcare, SMEs, and other industries.
 

Moreover, growing deployment of IoT devices in the region is also propelling the demand for endpoint security solutions. In Canada, the IoT is growing rapidly with over 25 billion connected devices expected by 2020. Connecting devices to the internet open the door to new cybersecurity risks. The Government of Canada is constantly working on improving and maintaining cybersecurity across all federal departments and agencies to protect the privacy of individual and enterprises’ information.
 

Innovative product development is key strategy for major endpoint security industry players

The market leaders are emphasizing on introducing advanced endpoint security solutions to support changing security demands for modern enterprises. For instance, in March 2020, FireEye introduced innovative architecture for its endpoint security solutions to enable enterprises to deploy advanced IT security features. This initiative helped the company to strengthen its position in the industry with fully customizable security solutions.
 

Some of the key players operating in the endpoint security market are AhnLab, Inc., Avira Operations GmbH & Co. KG., Bitdefender, Carbon Black, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Comodo Group, Inc., Cylance Inc., ESET, spol. s.r.o., FireEye Inc., Fortinet, Inc., F-Secure, IBM Corporation, McAfee, Inc., Kaspersky Lab., Microsoft Corporation, Panda security, Sophos Ltd., Symantec Corp., Trend Micro Inc., VIPRE Security, and Webroot Inc.
 

The market research report on endpoint security includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
 

Market, By Component

  • Solution
    • Firewall
    • Intrusion Prevention
    • Anti-Virus/ Anti-Malware
    • Endpoint Application Control
    • Encryption Technologies
    • Mobile Device Security
    • Others
  • Service
    • Training and Consulting Services
    • Maintenance and Updates
    • Managed Services

Market, By Deployment Model

  • On-premise
  • Cloud

Market, By Application

  • BFSI
  • Telecom & IT
  • Retail
  • Healthcare
  • Government and Public Sector
  • Education
  • Transpiration
  • Others
     

Frequently Asked Questions (FAQ) :

The market size of endpoint security surpassed USD 8 billion in 2019.
The industry share of endpoint security is anticipated to grow at 9% CAGR between 2020 to 2026.
In the U.S. market, endpoint security software segment held a significant share of over 80% in 2019.
According to the analysts at GMI, the mobile device security software segment will witness over 5% growth rate in the U.S. market during the forecast period.
Some of the key industry players are AhnLab, Inc., Avira Operations GmbH & Co. KG., Bitdefender, Carbon Black, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Comodo Group, Inc., Cylance Inc., ESET, spol. s.r.o., FireEye Inc., Fortinet, Inc., F-Secure, IBM Corporation, McAfee, Inc., Kaspersky Lab., Microsoft Corporation, Panda security, Sophos Ltd., Symantec Corp., Trend Micro Inc., VIPRE Security, and Webroot Inc.
North America is predicted to dominate the market share during 2020-2026 led by widespread adoption of endpoint security solutions in public and private sectors in the U.S. to mitigate the risks arising from frequent cyber theft attacks.

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Premium Report Details

  • Published Date: Jul 2020
  • Pages: 450
  • Tables: 755
  • Charts / Figures: 29
  • Companies covered: 22
  • Countries covered: 22

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