Cloud Endpoint Protection Market Size, Share, Industry Trends and Forecast to 2030

Cloud Endpoint Protection Market Size & CAGR in 2021

The global cloud endpoint protection market is estimated to have a growth rate of 11.5% CAGR from 2021 to 2025. The market is expected to reach a value of USD 9.52 billion by the end of 2021. The increasing adoption of cloud-based security solutions and the rise in cyber threats are the key factors driving the growth of the cloud endpoint protection market.

COVID-19 Impact on the Cloud Endpoint Protection Market

The COVID-19 pandemic has accelerated the adoption of cloud endpoint protection solutions as organizations rapidly shifted to remote work environments. With employees accessing corporate networks and data from various devices and locations, the need for robust endpoint security has become paramount. This has led to an increased demand for cloud-based endpoint protection solutions to secure endpoints regardless of their location.

Cloud Endpoint Protection Dynamics

The cloud endpoint protection market is driven by factors such as the growing number of cyber threats, the increasing adoption of cloud computing, and the need for enhanced data security. Additionally, the rise in remote work and bring-your-own-device (BYOD) policies has further fueled the demand for cloud-based endpoint security solutions.

Segments and Related Analysis

The cloud endpoint protection market can be segmented based on the type of deployment (public, private, hybrid), organization size (small and medium enterprises, large enterprises), and end-user industry (IT and telecom, BFSI, healthcare, retail, others). Each segment has specific requirements and challenges that drive the adoption of cloud endpoint protection solutions.

By Region Analysis

The cloud endpoint protection market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the presence of major cloud service providers and the early adoption of cloud-based security solutions. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period.

Key Market Players and Competitive Landscape

Key players in the cloud endpoint protection market include Symantec Corporation, McAfee LLC, Cisco Systems Inc., Sophos Group plc, Trend Micro Inc., Palo Alto Networks Inc., CrowdStrike Holdings Inc., and others. These companies are focusing on product innovation, strategic partnerships, and acquisitions to gain a competitive edge in the market.

Recent Happenings in the Cloud Endpoint Protection Market

In recent times, there have been several developments in the cloud endpoint protection market. For example, Symantec Corporation announced the launch of a new cloud-based endpoint security solution that provides advanced threat protection for endpoints across various platforms. Additionally, CrowdStrike Holdings Inc. introduced a new feature that enhances endpoint detection and response capabilities in its cloud-based security platform.