Market Overview

The endpoint security market was valued at USD 11.18 billion in 2018, and it is expected to reach a value of USD 19.69 billion by 2024, at a CAGR of 9.92 %, during the forecast period (2019 - 2024). 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 rising number of mobile devices and enterprise endpoints and having access to critical enterprise data have created a huge demand for endpoint security solutions in the market, which is anticipated to drive the market. 
• The growing data breaches cases globally are one of the most significant factors, forcing enterprises to adopt more decentralized and edge-based security techniques, hence, driving the demand for endpoint security. After the attacker compromises an endpoint, they laterally spread to other systems and accounts until they reach their primary objective.
• The emerging applications and business models, coupled with the falling device costs, have been driving the adoption rate of IoT, which is, consequently, influencing the number of connected devices, like connected cars, machines, meters, wearable, and consumer electronics.
• A huge challenge for the development of the endpoint security market is the consistent disappointment of controlling cyberattacks, which is a key restraint for the growth of the market. Enterprises look out for security patches, so as to fix bugs, but most of the time security authorities are not aware. In this way, the threat of cyberattacks focusing on end-point security is yet to come.

Scope of the Report

Endpoint security is a centralized approach for protecting all endpoints - servers, desktops, 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 the threat, which includes 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

BFSI is Expected to Grow Significantly Over the Forecast Period

• The BFSI sector offers high potential for the market, as it is continuously experiencing the regional, terrorism, physical risks, criminal networks, and modern threats. The rising regulation in the finance sector is further contributing to the industry growth.
• As banks and financial services innovate and introduce new ranges of services and delivery channels, like online banking and mobile apps, the increment of data breaches arises and this lead to the momentum in advancement in cybersecurity and physical security. Due to the latest innovation in analytics, ethical hacking, and biometrics, companies are fueling for robust cybersecurity programs, supported by levels of governance, risk, and compliance.
• To take full advantage of the endpoint security, enterprises need to come up with more efficient and comprehensive enterprise management solutions, like LAN. McAfee is working to drive security integration, simplification, and streamlined management for financial services firms of all sizes, by leveraging new cloud security, machine learning, and user behavior monitoring technologies. 

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