Market Research Report
Cloud Endpoint Protection Market by Component, Solution (Antivirus, Anti-spyware, Firewall, Endpoint Device Control, Anti-phishing, Endpoint Application Control), Service, Organization Size, Vertical, and Region - Global Forecast 2023
|Published by||MarketsandMarkets||Product code||701066|
|Published||Content info||138 Pages
Delivery time: 1-2 business days
|Cloud Endpoint Protection Market by Component, Solution (Antivirus, Anti-spyware, Firewall, Endpoint Device Control, Anti-phishing, Endpoint Application Control), Service, Organization Size, Vertical, and Region - Global Forecast 2023|
|Published: September 11, 2018||Content info: 138 Pages||
"Growing need to address security challenges with endpoints in a cost-effective way is expected to fuel the demand for cloud endpoint protection solutions across the globe"
The global cloud endpoint protection market is expected to grow from USD 1,014.4 million in 2018 to USD 1,819.0 million by 2023, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. As most of the work performed in an organization is implemented using endpoint devices, it is necessary to ensure the confidentiality and integrity of the organizational data by safeguarding it against potential risks. This has led to a significant increase in the demand for cloud endpoint protection solutions. However, as organizations are skeptical about the overall level of adoption of cloud-based security solutions so they prefer adopting on-premises solutions, hence the growth in the demand for cloud-based solutions may be limited.
Anti-virus software solutions help in the prevention, detection, and removal of malwares, such as computer viruses, rootkits, Trojans, and worms, from endpoint devices and act as a shield between endpoints and these threats. Moreover, antivirus packages catering to the needs of Small and Medium-sized Enterprises (SMEs) reduce the cost of security for these businesses.
Organizations increasingly seek to outsource their endpoint security management needs to trusted third-party service providers and turn to managed service providers for managing their endpoint security. Managed services deliver better protection against threats and malwares by integrating endpoint security solutions with a 24×7 remote monitoring.
North America is estimated to hold the largest market size in the global cloud endpoint protection market in 2018, and the trend is expected to continue during the forecast period. Growth in the adoption of cloud-based services among SMEs and large enterprises is expected to drive the growth of the cloud endpoint protection market in this region. On the other hand, the cloud endpoint protection market in APAC is expected to witness exponential growth to become the fastest-growing region in the global cloud endpoint protection market. This high growth is attributed to the growing awareness of cybersecurity and benefits of cloud-based solutions in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The breakdown of the primary profiles is given below:
The key vendors profiled in the report are as follows:
The market is segmented on the basis of solutions (antivirus, anti-spyware, firewall, endpoint device control, anti-phishing, endpoint application control, and others (intrusion protection and data loss prevention)). The services in the market included are managed services, training and consulting, and maintenance and support. The organization size segment includes SMEs and large enterprises. The market by vertical covers Banking, Financial Services, and Insurance (BFSI), IT and telecom, healthcare, manufacturing, education, retail, media and entertainment, government and Defense, and others (travel and hospitality, and transportation and logistics). The market is also segmented on the basis of major regions into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.
The report would help the market leaders/new entrants in the following ways:
*Details on Business Overview, Solutions, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.