The endpoint protection platforms (EPP) market is predicted to be worth US$ 3,980 million in 2023, and rise to US$ 10,323.09 million by 2033. Initially, the global market was expanding at a CAGR of 10% from 2023 to 2033.
Government and public sectors are expanding drastically as a consequence of this industry’s growing digitalization and automation. Due to the growing use of cutting-edge technology to protect its assets, the IT and telecom industry is anticipated to have a significant market share throughout the forecast period.
Endpoint security solutions safeguard the network as well as the ports of entry that connect internal data to remotely connected devices like laptops, smartphones, and connected gadgets. It is regarded as the primary cybersecurity solution for protecting different company networks. Bring-your-own-device (BYOD) policies are projected to be implemented more frequently, which is likely to spur market expansion.
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The importance of endpoint detection and response (EDR) in endpoint protection solutions drives the high profit margins in the industry. Advanced preventative measures like Next-Generation Antivirus, which can stop both known and undiscovered malware, also contribute to the market expansion.
Key Takeaways
- In 2023, the United States is expected to develop significantly in the endpoint protection platforms (EPP) market, with a size of US$ 1,095.6 million.
- The endpoint protection platforms (EPP) market was significantly expanding, with a size of US$ 3,628.1 million in 2022.
- Market shows amazing opportunities due to the rising advanced technology, and expects a Y-o-Y growth of 9.7% in 2023.
- The market in China is anticipated to expand at an adequate CAGR of 10.2% by 2033.
- In 2023, Germany is likely to expand in the endpoint protection platforms (EPP) market, with a size of US$ 405.2 million.
- Canada is anticipated to expand at an adequate CAGR of 8.9% by 2033.
- The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 10.2% by 2033.
- Based on the end use, the BFSI industry is likely to lead the market and expects a size of US$ 1,042.3 million in 2023.
- Based on the deployment type, the cloud-based segment continues to dominate the sector during the forecast period, with a CAGR of 12.3%.
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Key Strategies in the Industry
The endpoint protection platforms sector is very crowded worldwide. The market entry of newcomers is being aided by the rise in both the number of cybercrimes and the possession of devices.
By incorporating cutting-edge technologies like AI, machine learning, and others into their current products, market participants focus on providing sophisticated and reliable endpoint protection solutions.
Recent Developments
- AO integrated endpoint security solutions have been released by Kaspersky Lab for medium and enterprise-sized enterprises. The business has combined its endpoint solution with Kaspersky Sandbox, Kaspersky Endpoint Detection and Response Optimum, and a cloud management panel. The business is providing enterprises with cutting-edge solutions as a result of the rising endpoint threats.
- February 2019 – SafeBreach and BlackBerry Limited Cylance worked together to offer automated endpoint security. The business wants to minimize business risks and give its clients the right advice.
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Key segments
By Solution:
- Endpoint Protection Platforms (EPP)
- Services
- Professional Services
- Security Consulting
- Training and Education
- Support & Maintenance
- Managed Services
- Professional Services
By Deployment Mode:
- On-premise Endpoint Protection Platforms
- Cloud-based Endpoint Protection Platforms
By Enterprise Size:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By Industry:
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Retail and e-Commerce
- Energy and Utilities
- Manufacturing
- Education
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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