Forecasts predict that this sector will continue to expand over the coming years as more organizations turn toward cloud-based endpoint protection solutions to safeguard their networks. Key verticals driving growth within this space include BFSI (banking & financial services), healthcare, IT & telecommunications, and retail, among othersįinally, the cloud endpoint protection market is experiencing rapid growth due to an uptick in cyber threats and the growing adoption of cloud-based security solutions. Deployment modes available range from public cloud to private cloud to hybrid cloud further segmenting by organization size into small/medium-sized enterprises (SMEs) and large enterprises. Components such as antivirus/antimalware, endpoint detection and response (EDR), and application control are some of the features offered. The cloud endpoint protection market is segmented by component, deployment mode, organization size and vertical.
This growth rate CAGR of 13.1% is forecast for the period 2023-2033. The Global Cloud Endpoint Protection Market is expected to reach USD 7.19 Bn by 2033, up from USD 2.1 Bn in 2023. Furthermore, the COVID-19 pandemic has further spurred the adoption of these cloud-based endpoint protection solutions as many organizations transition to remote work environments. The market for cloud endpoint protection is being driven by an increase in cyber threats and rising demand for cloud-based security solutions.
Endpoint protection works by installing security software on these devices which guards them against malware, phishing attempts and other online attacks. An endpoint refers to any device connecting to the internet, such as laptops, smartphones and tablets. Published Via 11Press: Cloud endpoint protection is an increasingly popular market that seeks to safeguard a network’s endpoints against cyber threats.
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