Product ID: SQMIG45B2125
Report ID:
SQMIG45B2125 |
Region:
Global |
Published Date: May, 2024
Pages:
157
|
Tables:
119 |
Figures:
76
Global endpoint security market size was valued at USD 16.2 billion in 2022 and is poised to grow from USD 17.4 billion in 2023 to USD 30.8 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).
Endpoint security refers to securing a network at entry points or at end user devices. Growing popularity of remote work has resulted in increasing adoption of the BYOD (bring your own device) trend, which is bolstering the importance of endpoint protection in almost all organizations. The rapidly evolving threat landscape, growing incidence of cyberattacks and data breaches, and imposition of strict data privacy and security mandates are also estimated to favor the demand for endpoint security over the coming years. Rising use of cloud technologies and high investments in the development of new cybersecurity measures are also forecasted to benefit endpoint security market development going forward. On the contrary, the dearth of skilled cybersecurity professionals is estimated to slow down the adoption of endpoint security solutions in the long run. Endpoint security companies should invest in the development of next-generation endpoint protection solutions going forward.
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Product ID: SQMIG45B2125