The endpoint protection platforms (EPP) market is on track to exceed a value of US$ 10,323.09 million by the year 2033. This growth is driven by a steady and impressive Compound Annual Growth Rate (CAGR) of 10% expected during the forecast period.
In simpler terms, Endpoint Protection Platforms are security solutions for our digital devices, like computers and smartphones. This market is projected to be worth over US$ 10 billion by 2033, which is a significant amount of money. The reason for this growth is that more and more people and businesses are realizing the importance of protecting their devices from cyber threats. The market is expected to keep growing at a steady rate of 10% each year, which shows that this is a strong and ongoing trend.
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The government and public sectors are getting bigger because they’re using more digital and automated technologies. The IT and telecom industry is expected to have a big piece of the market because they’re using advanced tech to keep their stuff safe.
Endpoint security solutions are like guards that protect both your company’s network and the doors that connect your inside data to devices like laptops, smartphones, and smart gadgets from outside. They are the main way companies keep their networks safe from cyber threats. As more companies allow employees to bring their own devices to work (BYOD policies), the market for these security solutions is expected to grow even bigger.
Key Takeaways from the Endpoint Protection Platforms (EPP) Market Report:
- In 2023, the United States is expected to develop significantly in the endpoint protection platforms (EPP) market, with a size of US$ 1,095.6 million.
- The endpoint protection platforms (EPP) market was significantly expanding, with a size of US$ 3,628.1 million in 2022.
- Market shows amazing opportunities due to the rising advanced technology, and expects a Y-o-Y growth of 9.7% in 2023.
- The market in China is anticipated to expand at an adequate CAGR of 10.2% by 2033.
- In 2023, Germany is likely to expand in the endpoint protection platforms (EPP) market, with a size of US$ 405.2 million.
- Canada is anticipated to expand at an adequate CAGR of 8.9% by 2033.
- The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 10.2% by 2033.
- Based on the end use, the BFSI industry is likely to lead the market and expects a size of US$ 1,042.3 million in 2023.
- Based on the deployment type, the cloud-based segment continues to dominate the sector during the forecast period, with a CAGR of 12.3%.
Key Strategies in the Industry:
The endpoint protection platforms sector is very crowded worldwide. The market entry of newcomers is being aided by the rise in both the number of cybercrimes and the possession of devices.
By incorporating cutting-edge technologies like AI, machine learning, and others into their current products, market participants focus on providing sophisticated and reliable endpoint protection solutions.
Leading Key Players:
- Palo Alto Networks
- Cisco Systems
- Fortinet
- CrowdStrike
- FireEye
- F-Secure
- McAfee
- Microsoft
- Check Point Software Technologies
- Broadcom
- OpenText
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Endpoint Protection Platforms (EPP) Market Segmentation:
By Solution:
- Endpoint Protection Platforms (EPP)
- Services
By Deployment Mode:
- On-premise Endpoint Protection Platforms
- Cloud-based Endpoint Protection Platforms
By Enterprise Size:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By Industry:
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Retail and e-Commerce
- Energy and Utilities
- Manufacturing
- Education
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
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