Endpoint Protection Platforms (EPP) Market Witnesses Exponential Growth: Anticipated to Reach US$ 10.3 Billion, Projected 10% CAGR by 2033

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 7.9% from 2018 to 2022.

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 from the Endpoint Protection Platforms (EPP) Market Report:

  • 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.
  • The 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%.

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.

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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.

Leading Key Players:

  • Palo Alto Networks
  • Cisco Systems
  • Fortinet
  • CrowdStrike
  • FireEye
  • F-Secure
  • McAfee
  • Microsoft
  • Check Point Software Technologies
  • Broadcom
  • OpenText

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Endpoint Protection Platforms (EPP) Market segmentation:

By Solution:

  • Endpoint Protection Platforms (EPP)
  • Services
    • Professional Services
      • Security Consulting
      • Training and Education
      • Support & Maintenance
    • Managed 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)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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