PUBLISHER: 360iResearch | PRODUCT CODE: 1466791
PUBLISHER: 360iResearch | PRODUCT CODE: 1466791
[187 Pages Report] The Cloud Endpoint Protection Market size was estimated at USD 7.69 billion in 2023 and expected to reach USD 8.59 billion in 2024, at a CAGR 11.98% to reach USD 17.00 billion by 2030.
Cloud endpoint protection refers to a comprehensive security solution specifically designed to safeguard endpoints in network infrastructure by employing cloud-based technologies. Endpoints represent devices such as desktops, laptops, smartphones, servers, tablets, and workstations that connect to a corporate network or the internet. The primary objective of Cloud Endpoint Protection is to provide robust defense mechanisms against various forms of cyber threats, including malware, ransomware, phishing attacks, zero-day exploits, and advanced persistent threats. Increasing cyber-crime incidence resulting in significant loss of critical data and rapid transformation towards cloud-based infrastructure across industries contributing to the adoption of cloud endpoint protection. Moreover, stringent regulations imposed by governments worldwide for data privacy compliance significantly drive the market. Technical complexities associated with integrating cloud endpoint protection solutions within existing organizational IT infrastructures limit market growth. Furthermore, Integration with advanced technologies, including artificial intelligence and machine learning, to improve threat detection capabilities creates lucrative opportunities for market growth.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 7.69 billion |
Estimated Year [2024] | USD 8.59 billion |
Forecast Year [2030] | USD 17.00 billion |
CAGR (%) | 11.98% |
Offerings: Increasing need for cloud endpoint protection Solutions due to to safeguard from potential threats
Services in cloud endpoint protection support customers in effectively implementing and managing security solutions through maintenance & support, managed services, and training, consulting & integration services. Maintenance & support services ensure the continuous monitoring and updating of endpoint security systems to prevent potential vulnerabilities and efficiently respond to new threats. Managed services enable businesses to focus on core operations while ensuring high levels of security through real-time threat intelligence updates and proactive incident response measures. Training, consulting & integration services offer expert guidance on best practices in endpoint protection strategies, implementing customized solutions tailored to specific organizational needs, and integrating multiple layers of defense seamlessly into existing IT infrastructure.
Solutions in cloud endpoint protection encompass software tools that deliver core security features, including Anti-phishing, anti-spyware, antivirus, endpoint application control, endpoint device control, and firewall. Anti-phishing utilizes advanced algorithms and machine learning techniques to identify phishing attempts in real time, protect against fraudulent websites masquerading as legitimate entities, and safeguard users from falling victim to scams that could compromise their credentials or sensitive information. Anti-spyware solutions help maintain privacy and prevent data breaches by blocking persistent threats. Antivirus software is an indispensable component in maintaining the overall health of endpoint devices by preventing malicious code from infiltrating systems. Endpoint application control regulated the installation and execution of applications on endpoint devices through policy enforcement and granular access controls. Endpoint device control manages the connection and use of peripheral devices on endpoints, restricting their ability to transfer data or execute unauthorized commands. Firewall Implements a robust network security barrier that observes incoming and outgoing traffic based on predefined rules, filters, or other criteria.
Organizational Size: Increasing usage of cloud endpoint protection solution by SMEs to protect their digital assets
Large enterprises typically have more complex infrastructure and a higher number of devices to manage in comparison to SMEs. Therefore, they require comprehensive cloud endpoint protection solutions that can efficiently scale with their organization's growth. Solutions must offer robust management capabilities for IT teams to control various security policies and deployment aspects. SMEs often face budget constraints limiting their ability to invest heavily in cybersecurity measures, and they require efficient cloud endpoint protection solutions that keep pace with emerging threats without compromising on crucial business operations. As such, SME-focused solutions should prioritize ease of use while offering affordable pricing models without sacrificing core functionalities needed to protect their digital assets.
Verticals: Growing adoption of Cloud endpoint protection solution by Banking, Financial Services & Insurance industry to prevent cyberattacks
Cloud endpoint protection solutions are particularly crucial within the BFSI sector due to the highly confidential nature of financial transactions and customer data; ensuring regulatory compliance and preventing cyberattacks such as ransomware and phishing are vital in this industry. It helps protect endpoint devices such as ATMs, mobile banking apps, and payment systems with robust encryption methods, real-time threat monitoring, and advanced detection capabilities. Educational institutions increasingly adopt digital tools to support their daily operations, making them vulnerable to cyber threats. Educational institutions are increasingly adopting digital learning platforms, which necessitates robust endpoint security to protect student data and intellectual property from cyber threats. Government agencies and defense organizations face heightened risks from state-sponsored cyberattacks and insider threats. Cloud endpoint protection solutions with solid encryption capabilities are paramount in safeguarding national security interests. The healthcare industry works with highly sensitive patient data that must be protected under strict regulations such as HIPAA. As hospitals and clinics adopt Electronic Health Records (EHR) systems, there is an increased need for advanced security measures. Cloud Endpoint Protection solutions offer data loss prevention (DLP), encryption, and endpoint detection features. As IT and telecom businesses continue to innovate, they require comprehensive cloud endpoint protection that safeguards their infrastructure and customers' information. Manufacturers face unique challenges due to Industrial Control Systems (ICS) and operational technology (OT) environments, making a need for specialized endpoint protection critical. The media and entertainment industry demands robust endpoint security as it deals with Intellectual Property rights management and safeguarding sensitive customer data from piracy or cyberattacks. Retailers must protect
Regional Insights
In the American region, businesses are increasingly focusing on digital transformation, resulting in a growing demand for cloud-based endpoint protection. The emphasis on securing critical infrastructure and the implementation of government regulations significantly drives adoption in this region. Moreover, the Americas market is fueled by its robust financial sector, which prioritizes cybersecurity due to the sensitive nature of the data involved. In the European region, it has been instrumental in guiding consumer behavior towards purchasing secure products and services. Increased digitization and remote work have led organizations to adopt hybrid IT infrastructure, which includes both on-premise and cloud-based solutions requiring comprehensive endpoint protection strategies. The growing digital economy in the APAC region presents a significant opportunity for cloud endpoint protection providers. Emerging countries such as India, China, and Japan, with increasing adoption of mobile devices and internet services, demand robust endpoint security measures.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Cloud Endpoint Protection Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cloud Endpoint Protection Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Cloud Endpoint Protection Market, highlighting leading vendors and their innovative profiles. These include Absolute Software Corporation, Avast PLC, Bitdefender Holding B.V., Broadcom Inc., Cisco Systems Inc., CommVault Systems, Inc., CrowdStrike, Inc., Eset, LLC, Fortinet Inc, International Business Machines Corporation, K7 Computing Pvt. Ltd., Kaspersky Lab, Inc., Malwarebytes Corp, McAfee, Inc., Microsoft Corporation, Palo Alto Networks, Inc., SentinelOne, Inc., Sophos Inc., ThreatLocker Inc., Trellix by Musarubra US LLC, Trend Micro Inc., VMware, Inc., Watchguard Technologies Inc, Webroot by Open Text Corporation, and WithSecure Limited.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Cloud Endpoint Protection Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cloud Endpoint Protection Market?
3. What are the technology trends and regulatory frameworks in the Cloud Endpoint Protection Market?
4. What is the market share of the leading vendors in the Cloud Endpoint Protection Market?
5. Which modes and strategic moves are suitable for entering the Cloud Endpoint Protection Market?