Cloud Endpoint Protection Market Size (2024 - 2029)

Cloud Endpoint Protection Market Analysis

The Cloud Endpoint Protection Market size is estimated at USD 2.02 billion in 2024, and is expected to reach USD 3.51 billion by 2029, growing at a CAGR of 12.40% during the forecast period (2024-2029).

• The cloud endpoint protection market has experienced significant growth driven by the increased adoption of cloud computing and the corresponding rise in cyber threats. The growth can also be attributed to factors like the surge in cloud adoption across various industries, which necessitated robust security measures.
• The proliferation of remote work and bring-your-own-device (BYOD) policies expanded the attack surface for cybercriminals. Employees accessing corporate resources from various locations and devices require advanced endpoint protection to prevent data breaches and other cyber threats. Cloud endpoint protection solutions offer centralized management and real-time threat detection, making them ideal for securing a distributed workforce.
• The sophistication of cyberattacks has evolved, with threat actors employing advanced tactics, techniques, and procedures (TTPs). Traditional endpoint protection solutions often struggle to keep pace with these evolving threats. In contrast, cloud endpoint protection platforms leverage artificial intelligence (AI) and machine learning (ML) to detect and respond to threats in real time. This capability to adapt and respond to new threats quickly has made cloud endpoint protection a crucial component of modern cybersecurity strategies.
• For instance, in June 2024, CrowdStrike announced a strategic partnership with Hewlett Packard Enterprise to secure end-to-end AI innovation, including large language models (LLMs), accelerated by NVIDIA. With the integration of the CrowdStrike Falcon cybersecurity platform, HPE GreenLake cloud, and OpsRamp AIOps, organizations can seamlessly unify IT operations and cybersecurity in a single, unified process to securely accelerate AI innovation.
• In May 2024, a new survey conducted by Lookout Inc., the data-centric cloud security company, unveiled concerning trends regarding mobile phishing attacks targeting the employees of enterprise organizations. The survey, completed by 250 United States-based CISOs and other mobile and cloud cybersecurity leaders, shed light on the urgent need for enhanced measures to combat the growing threat. In addition to this, the results indicated that less than one-third of respondents conducted internal simulations of SMS phishing (33%), social engineering (32%), QR code phishing (30%), or voice phishing (30%).
• The rise of managed security service providers (MSSPs) has also bolstered the market’s growth. Many organizations lack the in-house expertise to effectively manage and monitor endpoint security. MSSPs offer cloud endpoint protection as part of their service portfolio, providing organizations with access to specialized expertise and continuous monitoring. This trend has made advanced endpoint protection accessible to a broader range of organizations, further driving market growth.
• In conclusion, the growth of the cloud endpoint protection market is driven by the increasing adoption of cloud computing, the need for robust security in remote work environments, the evolution of cyber threats, regulatory compliance requirements, the prevalence of ransomware attacks, the integration with broader security ecosystems, competitive innovation, the scalability of cloud solutions, and the rise of managed security services.

Cloud Endpoint Protection Industry Segmentation

Cloud endpoint protection refers to a suite of security solutions designed to safeguard end-user devices such as laptops, smartphones, and tablets connected to a network. These solutions utilize cloud-based technologies to detect, prevent, and respond to cybersecurity threats in real time. Key features often include antivirus, anti-malware, data encryption, and threat intelligence integration. They enable centralized management, scalability, and automated updates, enhancing overall security posture.

The global cloud endpoint security market is segmented by deployment model (public, private, and hybrid), enterprise size (small and medium enterprise, and large enterprise), end-user industry (BFSI, government, retail, energy and power, healthcare, and IT and telecom), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.