The Global Endpoint Security Market is Estimated to Reach US$24.58 Billion by 2028

Increasing use of mobile devices as an attack vector fuels the growth of the endpoint security market.

The global endpoint security market is projected to grow from US$13.99 billion in 2021 to US$24.58 billion in 2028 at a significant CAGR of 8.3% in the forecast period. The growing adoption of advanced technologies which includes IoT solutions, AI/ML solutions, and endpoint devices, and thereby increases in the need for endpoint security devices is driving the growth of the endpoint security market.   

Endpoint security is the process of protecting entry points of end-user devices such as desktops, laptops, or mobile devices from being exploited by malicious actors. Endpoint security systems offer protection from cybersecurity threats and have evolved from traditional antivirus software to now be able to provide comprehensive protection from sophisticated malware.

Most vendors in the endpoint security market offer cloud-based endpoint security solutions. The adoption of cloud-based endpoint security solutions is expected to grow due to benefits, such as easy maintenance of generated data, cost-effectiveness, scalability, and effective management of these solutions. The cloud deployment mode offers web-based management and enterprise-class protection for endpoints. It allows users to deploy endpoint protection without the need for an IT staff to manage the software.

An Endpoint Protection Platform (EPP) works by examining the files that enter a network. EPPs secure entry points through application control – the process of blocking the use of applications that are unsafe or unauthorized – and through encryption. Modern-day EPPs have evolved to use the cloud to store a growing database of threat information, reducing the maintenance required to keep these databases up to date, and allowing for greater speed and scalability.

Based on enforcement points, the mobile device segment is expected to command the largest share of the overall endpoint security market in 2020. With the consistent rise in the use of smartphones and mobile applications, endpoint-attacks on mobile devices are also increasing proportionally and creating new security challenges for IT.