North America Endpoint Security Market Insights Forecasts to 2032

• The North America Endpoint Security Market Size was valued at USD 4.7 Billion in 2022.
• The Market Size is Growing at a CAGR of 15.3% from 2022 to 2032.
• The North America Endpoint Security Market Size is expected to reach USD 19.8 Billion by 2032.

The North America Endpoint Security Market Size is expected to reach USD 19.8 Billion by 2032, at a CAGR of 15.3% during the forecast period 2022 to 2032.      

Market Overview

Endpoint security is the process of defending against malicious threats and cyberattacks on devices such as workstations, servers, and other devices that can accept a security client. Endpoint security software allows businesses to protect employees' work devices as well as servers on the network or in the clouds from cyber threats. North America serves as a crossroads for industries such as IT & telecommunications, BFSI, healthcare, education, and energy & utilities. These industries have a large client base, which presents significant opportunities for regional endpoint security solution providers. The increasing adoption of advanced technologies such as machine learning, industrial automation, and digitalization across various organizations has contributed to North America's leading position in the endpoint security market. In 2019, the U.S. software segment accounted for over 78% of the endpoint security market, driven by the growing need for extensive installation to protect networks against intrusions by malicious files and applications. Furthermore, The rising demand for cybersecurity solutions, rising adoption of BYOD policies and IoT-based devices, and increasing instances of cyberattacks and data theft in enterprises are the key factors driving the growth of the North American endpoint security market.

Report Coverage

This research report categorizes the market for North America endpoint security market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America endpoint security market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America endpoint security market.

Driving Factors

Increased adoption of bring your own device (BYOD), growing cyber threats and breaches, mitigation of IT risks, higher costs incurred due to endpoint attacks, and centrally managed administration and protection are the major factors driving North America market growth. Enterprises are focusing on risk management policy implementation, such as establishing a risk management framework, effective risk communication and consultation, and upgrading and maintaining risk management capabilities. Furthermore, the implementation of advanced technologies such as artificial intelligence (AI), the internet of things (IoT), connected devices, and so on is a factor contributing to the global endpoint security market growth. Furthermore, North America is the world's largest revenue contributor to the endpoint security market. The high penetration of this technology in North America can be attributed to the increasing use of automation and behavioral analysis for threat detection, the growing amount of data across verticals, and rising company investments in real-time security solutions. The endpoint security industry is undergoing significant market growth in the North America.

Restraining Factors

Many organizations are suffering from a lack of skilled professionals to manage security systems. As technology evolves, it provides continuous training to technical staff, which is quite costly, particularly for SMEs. These factors may impede the expansion of the market growth for endpoint security.

Market Segment

• In 2022, the software segment accounted for the largest revenue share over the forecast period.

Based on the component, the North America endpoint security market is segmented into software and services. Among these, the software segment has the largest revenue share over the forecast period. The increased demand for advanced software to mitigate the ever-increasing number of unknowns cyberattacks is driving the growth. Furthermore, businesses with limited IT knowledge are increasingly relying on managed services for real-time assistance. As the endpoint system is upgraded and advanced, the demand for expert services grows. Endpoint services are thus becoming increasingly important in order to keep up with security technologies and compliances.

• In 2022, the cloud segment accounted for the largest revenue share over the forecast period.

On the basis of deployment, the North America endpoint security market is segmented into cloud and on-premises. Among these, the cloud segment has the largest revenue share over the forecast period. Cloud-based endpoint security solutions are expected to gain popularity due to benefits such as easy data maintenance, cost-effectiveness, scalability, and effective management. The cloud deployment mode provides web-based management and enterprise-class endpoint protection. It enables users to deploy endpoint security without the need for IT personnel to manage the software.

• In 2022, the large enterprises segment is expected to hold the largest share of the North America endpoint security market during the forecast period.          

Based on the enterprise size, the North America endpoint security market is classified into large enterprises, small and medium-sized enterprises Among these, the large enterprises segment is expected to hold the largest share of the North America endpoint security market during the forecast period. The requirement for upgrading the existing threat prevention system is expected to accelerate the growth of endpoints security services in large enterprises. However, the increasing incidence of data breaches in these organizations is expected to boost endpoint security service adoption over the forecast period.

• In 2022, the government & public sector segment accounted for the largest revenue share over the forecast period.

Based on the end use, the North America endpoint security market is segmented into government & public sector, transportation, BFSI, telecom & IT, retail, healthcare, and others. Among these, the government & public sector segment has the largest revenue share over the forecast period. Government agencies deal with highly sensitive and classified information, such as national security data, intelligence reports, confidential government documents, and personally identifiable information (PII) of citizens. It is critical to protect this data from unauthorized access, breaches, and cyberattacks. Endpoint security solutions provide strong protection for government endpoints, ensuring the confidentiality, integrity, and availability of critical data.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America Endpoint Security Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Fortinet, Inc.
• Juniper Networks, Inc
• FireEye, Inc.
• WatchGuard Technology, Inc.
• VMware, Inc. 
• CrowdStrike 
• Ivanti
• BlackBerry Limited
• Comodo Security Solutions, Inc.
• Carbon Black, Inc. 
• Cisco Systems, Inc. 
• Palo Alto Network Inc. 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• On April 2023, Syxsense, a provider of Unified Security and Endpoint Management (USEM) solutions, collaborated with EVOTEK to provide endpoint management and security services to customers through Syxsense solutions such as Syxsense Secure, Syxsense Manage, and Syxsense Enterprise.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the North America endpoint security market based on the below-mentioned segments:

North America Endpoint Security Market, By Component

• Software
• Services

North America Endpoint Security Market, By Deployment

• Cloud
• On-premises

North America Endpoint Security Market, By Enterprise Size

• Large Enterprises
• Small Enterprises
• Medium Enterprises

North America Endpoint Security Market, By End Use

• Government & Public Sector
• Transportation
• BFSI
• Telecom & IT
• Retail
• Healthcare
• Others

North America Endpoint Security Market, By Country

• United States
• Canada
• Mexica
• Rest of North America