Endpoint protection platforms market to reach $10.3bn by 2033

Government and public sectors are expanding drastically as a consequence of this industry's growing digitalisation 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.

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 $1,095.6 million.
• The endpoint protection platforms (EPP) market was significantly expanding, with a size of $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 $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 user, the BFSI industry is likely to lead the market and expects a size of $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.

Recent developments

Kaspersky Lab has released AO-integrated endpoint security solutions for medium and enterprise-sized enterprises. The business has combined its endpoint solution with Kaspersky Sandbox, Kaspersky Endpoint Detection, Response Optimum, and a cloud management panel. The business is providing enterprises with cutting-edge solutions because of the rising endpoint threats.

February 2019 – SafeBreach and BlackBerry Limited Cylance worked together to offer automated endpoint security. The business wants to minimise business risks and give its clients the right advice.

These insights are based on a report on Endpoint Protection Platforms Market by Future Market Insights