Endpoint Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The global Endpoint Security market (henceforth, referred to as the market studied) was valued at USD 13.96 billion in 2020, and it is expected to reach USD 22.21 billion by 2026, registering a CAGR of 8.0%, during the period of 2021 - 2026. Enterprise use of SaaS-based or cloud-delivered endpoint security solutions continues to increase, due to various benefits, such as cost-savings with cloud storage, computing scalability, and low maintenance requirements.

• The number of PCs, laptops, smartphones, tablets, and point-of-sale terminals has witnessed tremendous growth with the rise in population and the increased digitalization in industrial processes. This increase in different smart devices is generating several endpoints in networks, all over the world. Hence, there is a rising need for security, owing to the increased number of endpoint devices.
• Multiple types of endpoint security mediums have been recognized, such as firewalls or antiviruses. These mediums monitor the data and update the same in the server, which has become a requisite for the current technology-based industry. The increased internet accessibility, machine-to-machine communication, and growth in automation are all driving the market.
• Endpoint security systems help companies attain enhanced endpoint visibility and detect hidden endpoint exploit processes. With the increasing number of mobiles and other touch devices, such as tablets and POS, endpoint security companies are designing software with higher management flexibility, giving the users several choices for protection.
• With the increasing adoption of cloud and cloud-based operations, in 2019, poorly secured cloud databases continued to be a weak point for organizations, ranging from simple misconfiguration issues to vulnerabilities in hardware chips. Multiple tools are widely available, enabling the potential attackers to identify misconfigured cloud resources on the internet. Hence, for the organizations, adopting an effective security solution is of utmost importance. Moreover, the quick detection and response also play a vital role in addressing such threats.

Scope of the Report

Endpoint security is basically a centralized approach for the protection of all endpoints, desktops, servers, laptops, smartphones, and other IoT devices connected to the corporate IT network from cyber threats.The market is comprised of solutions that secure all endpoints in organizations, protecting against threats that include malware and inbound network intrusion attempts.With the increasing number of mobiles and other touch devices, such as tablets and POS, endpoint security companies are designing software with increased management flexibility

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Key Market Trends

Healthcare is Expected to Grow Significantly Over the Forecast Period

• Cyber-attacks are becoming more purposeful, sophisticated, and costly. The healthcare industry is having to come to terms with its exposure to cyber risks. The healthcare industry is in a time of transition, and that includes IT infrastructure and cybersecurity. ​
• The key driver for considering better endpoint security solutions is the inability of existing endpoint security products to stop an increasing number of threats such as fileless malware, advanced attacks, and evasive threats. A lack of visibility closely follows the lack of threat defence into endpoints.​
• The growing number of connected devices used by employees in the healthcare sector is leading to more information sharing. Still, it’s also placing the endpoint at higher risk than ever before. For instance, according to an ETNO report, in the EU region alone, the number of IoT connected devices in healthcare for the year FY2019 amounted to 2.79 million.
• Furthermore, endpoint security further provides traditional capabilities like antivirus software. However, for healthcare endpoint security, businesses may need special protections for its medical devices. This also includes Wi-Fi security, as hackers could use unprotected Wi-Fi connections to infiltrate medical devices.

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