Cloud Endpoint Protection Market Worth $19.2 Billion By 2030: IndustryARC

Cloud Endpoint Protection market size is expected to reach $19.2 billion by 2030 after growing at a CAGR of 17.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The increasing frequency of cyberattacks, remote work, and BYOD practices, along with stricter regulations and sophisticated threats, are poised to propel the demand, finds IndustryARC in its recent report, titled “Cloud Endpoint Protection Market - By Solutions (Antivirus, Endpoint Detection and Response (EDR), Firewall, Anti-Malware, Encryption, Identity and Access Management (IAM)), By Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises), By Application (Banking, Financial Services and Insurance (BFSI), Healthcare, IT and Telecom, Government and Public Sector, Manufacturing, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

The rise in cyber-attacks, malware, ransomware, and other security breaches necessitates robust endpoint protection solutions. As businesses increasingly operate online, securing endpoints such as laptops, desktops, and mobile devices becomes critical. According to ISACA, Data from the ExtraHop 2024 Global Cyber Confidence Index shows that 95% of respondents experienced at least one ransomware incident in 12 months. Global events, such as the Russia-Ukraine and Israel-Hamas conflicts, have further intensified the cyber threat landscape. With the proliferation of digital operations, ensuring endpoint security is paramount. This increasing threat landscape is significantly impacting the demand for cloud-based endpoint protection solutions.

• Antivirus

• Endpoint Detection and Response (EDR)

• Firewall

• Anti-Malware

• Encryption

• Identity and Access Management (IAM)

• Others

• Public Cloud

• Private Cloud

• Hybrid Cloud

• Small and Medium Enterprises (SMEs)

• Large Enterprises

• Banking, Financial Services and Insurance (BFSI)

• Healthcare

• IT and Telecom

• Government and Public Sector

• Manufacturing

• Others

• North America

• South America

• Europe

• Asia-Pacific

• Rest of the World

o A key driver in the Cloud Endpoint Protection Market is vendor consolidation. This trend is driven by organizations seeking more efficient and streamlined cybersecurity solutions preferring to work with fewer, more reliable vendors that can offer comprehensive security packages. This consolidation simplifies the management of cybersecurity measures, reduces costs and improves the integration and compatibility of different security solutions. According to the Cybersecurity and Infrastructure Security Agency (CISA), businesses are increasingly looking for trusted and verified providers, which is facilitated by government initiatives and certifications that help organizations identify reliable cybersecurity vendors. Additionally, the World Economic Forum emphasizes the importance of coordinated action and collaboration between public and private sectors to enhance cybersecurity resilience globally, further supporting the trend towards vendor consolidation.

o SMEs (Small and Medium Enterprises) are increasingly dominating the Cloud Endpoint Protection market, driven by their urgent need to secure cloud environments and manage cybersecurity risks. According to the University of Salford, 43% of cyber-attacks target SMEs and 60% of those that fall victim go out of business within six months. Additionally, cybercrime costs SMEs more than $2.2 million annually. As a result, there is a growing demand for cost-effective and scalable cybersecurity solutions from SMEs to safeguard their digital assets, highlighting their crucial role in advancing cloud endpoint protection solutions in an evolving cyber threat landscape.

o The North American region leads the Cloud Endpoint Protection Market due to its strong cybersecurity infrastructure and extensive adoption of cloud technologies by governmental and defense agencies. The U.S. Army and Department of Defense have developed robust cloud security frameworks and guidelines, which enhance cloud adoption and security, making North America a pioneer in this market. According to Army MIL these efforts significantly reduce barriers to cloud migration and ensure high standards of security.

The increasing adoption of Zero Trust Architecture (ZTA) presents a significant opportunity for the cloud endpoint protection market. Zero Trust is a security model that requires all users, whether inside or outside the organization’s network, to be authenticated, authorized, and continuously validated before being granted access to applications and data. With cybersecurity threats evolving and becoming more sophisticated, there is a heightened need for robust security measures. According to the Cybersecurity and Infrastructure Security Agency (CISA), ZTA is crucial for mitigating risks associated with cloud services and remote work environments. This shift towards Zero Trust can drive the demand for advanced endpoint protection solutions that integrate seamlessly with ZTA frameworks, ensuring comprehensive security coverage for enterprises transitioning to this model.

The growing complexity of cloud environments has introduced new security challenges that need to be addressed by endpoint protection solutions. The Cloud Security Alliance (CSA) highlights several top threats to cloud computing, such as insecure interfaces and APIs, misconfigurations, and insufficient identity and access management. Organizations are increasingly aware of these vulnerabilities, which can lead to data breaches and other security incidents. The Center for Strategic and International Studies (CSIS) also emphasizes the importance of addressing these security threats to maintain cloud infrastructure integrity. This creates an opportunity for cloud endpoint protection providers to offer innovative solutions that specifically target these critical areas, helping organizations to secure their cloud environments effectively.

• Cloud Endpoint Protection Market size and Forecast 

• Cloud Endpoint Protection Market trends

• Cloud Endpoint Protection Market analysis by grade

• CAGR of the market during the forecast period 2024-2030

• Value Chain analysis of key stake holders

• Detailed analysis of market drivers and opportunities during the forecast period

• Cloud Endpoint Protection market size estimation and forecast

• Analysis and predictions on end user behavior and upcoming trends 

• Competitive landscape and Vendor market analysis including offerings, developments, and financials

• Comprehensive analysis of challenges and constraints in the Cloud Endpoint Protection Market

• Symantec (Broadcom Inc.)

• McAfee LLC

• Trend Micro Inc.

• Cisco Systems, Inc.

• Palo Alto Networks, Inc

• CrowdStrike Holdings, Inc.

• Sophos Ltd.

• Microsoft Corporation

• Thales

• ESET

• Bitdefender LLC

• Carbon Black Inc. (VMware)

• Fortinet, Inc.

• FireEye, Inc.

• Check Point Software Technologies Ltd.

Cyber Security Market – Cyber Security Market is projected to reach $360 billion by 2030 at a CAGR of 9.5% during the forecast period 2024-2030, driven by the increasing frequency of cyber threats, the rising adoption of cloud computing, and the growing need for compliance with data protection regulations across various industries.

Product Security & IT Security Assessment Market- Product Security & IT Security Market is estimated at $155 billion in 2020 and is forecast to grow at a CAGR of 7.0% during the forecast period 2021 to 2026. The increasing demand for robust security measures to protect products and IT infrastructure from cyber threats is driving the market growth.

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

Web: https://www.industryarc.com

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