Cloud endpoint security market is expected to reach a total market size of US$1.726 billion in 2023

The report published by Knowledge Sourcing Intelligence titled “Cloud Endpoint Security Market - Forecasts from 2018 to 2023” studies the various factors affecting the demand for cloud endpoint security solutions among end-users worldwide. The market has been segmented by solution (cloud endpoint device control, cloud endpoint application control), enterprise size (small, medium, large), and end-user industry (retail, hospitality, media and entertainment, travel and tourism, healthcare, BFSI, government, others).

Furthermore, the demand for cloud endpoint security solutions has been estimated across all major geographies namely North America, South America, Europe, Middle East and Africa and the Asia Pacific. To give a clearer view of this market across these geographies, the regional market is further segmented into countries which account for a significant share in the market. The growth of this market is being driven by the rapid adoption of cloud computing across all major industry verticals in all major geographies worldwide. As the digitization of business processes continues to gain traction, concerns regarding the security of data in this infrastructure are rising. Rising severity of cyber-attacks in the cloud environment is pushing end users towards adopting advanced solutions in order to mitigate risks associated with such attacks. This is increasing the demand for cloud endpoint security solutions among enterprises. Increasing IT budget of many enterprises worldwide and huge amounts being apportioned to security are increasing the adoption of cloud endpoint security solutions, thus boosting the growth of this market.

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By enterprise size, large enterprises hold a significantly large market share.

Adoption of cloud endpoint security among large enterprises has been witnessing an impressive increase. This is majorly attributed to a large number of applications running in a cloud environment across such enterprises. The high value associated with such applications is increasing the adoption of cloud endpoint application control solutions, which is contributing to the growth of the cloud endpoint security market. Small and medium-sized enterprises also hold a significant share in this market.

North America and Europe together hold a major market share across all geographies.

North America and Europe together hold a major share in this market. The rapid growth of cloud computing, an increasing number of cloud data centers and the rising incidence of cyber-attacks in these regions are fueling the adoption of cloud endpoint security solutions here. Stringent regulations regarding data security in these regions is further fueling the adoption of such solutions, thus boosting the growth of this market. The market in the Asia Pacific is anticipated to grow at an impressive rate over the projected period. This growth will be attributed to the rapid growth of industries and increasing adoption of cloud in this region.

This report also includes a study of strategies and product portfolios of some of the leading companies in the cloud endpoint security market. Major companies profiled as a part of this report are Symantec, Sophos, Trend Micro, ESET, Kaspersky Lab, Palo Alto Networks, Mcafee, Fortinet, Cisco Systems, and Avast, among others.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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