Endpoint Protection Platforms Software Statistics 2024


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In the rapidly evolving digital landscape of 2024, endpoint protection platforms (EPP) software has become a critical line of defense against cyber threats. Understanding the latest statistics in this area is crucial for businesses aiming to safeguard their digital assets and maintain robust security protocols. With cyberattacks becoming increasingly sophisticated, comprehensive data on EPP software helps to illuminate the current state of cybersecurity and predict emerging trends, which is vital for staying ahead of potential threats.

Key stakeholders—including IT professionals, cybersecurity experts, business leaders, and policymakers—stand to gain significant insights from these statistics. For IT and cybersecurity teams, the data reveals the efficacy and adoption rates of various EPP solutions, allowing for informed decisions about which platforms to use or recommend. For business leaders and policymakers, the statistics underscore the importance of investment in cybersecurity infrastructure and help in drafting regulations and policies that foster a safer digital environment.

Ultimately, the insights derived from this data not only reflect the current condition of the EPP software industry but also guide strategic planning and decision-making. By delving into these statistics, stakeholders can navigate the complexities of cybersecurity more effectively, ensuring that their strategies are both proactive and reactive in an ever-changing threat landscape.

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Top Endpoint Protection Platforms Software Statistics 2024

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Cybersecurity Trends & Statistics

  • During the past 12 months, 34.5% of polled executives report that their organizations’ accounting and financial data were targeted by cyber adversaries. [?]
  • Within that group, 22% experienced at least one such cyber event and 12.5% experienced more than one. [1]
  • Nearly half (48.8%) of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead. [1]
  • Only 20.3% of polled executives say their organizations’ accounting and finance teams work closely and consistently with their peers in cybersecurity. [1]
  • AI in the cybersecurity market is growing at a CAGR of 23.6% and will reach a market value of $46.3 billion in 2027. [1]
  • The cost of cybercrime is predicted to hit $8 trillion in 2023 and will grow to $10.5 trillion by 2025. [1]
  • At least one open source vulnerability was found in 84% of code bases. [2]
  • All code bases examined from companies in the aerospace, aviation, automotive, transportation, and logistics sectors contained some open source code, with open source code making up 73% of total code. [2]
  • 91% of the 1,481 code bases examined contained outdated versions of open-source components. [2]
  • A ransomware gang used a new zero-day flaw to steal data on 1 million hospital patients. [2]
  • Community Health Systems confirmed that hackers accessed the personal and protected health information of up to 1 million patients. [2]
  • The highest rate of mobile phishing in history was observed in 2022, with half of the mobile phone owners worldwide exposed to a phishing attack every quarter. [2]
  • Non-email-based phishing attacks are proliferating, with vishing, smishing, and quishing increasing sevenfold in the second quarter of 2022. [2]
  • The potential annual financial impact of mobile phishing to an organization of 5,000 employees is nearly $4 million. [2]
  • Cybercriminals mostly abused Microsoft’s brand name in phishing attacks, with more than 30 million messages using its branding or mentioning products like Office or OneDrive. [2]
  • 76% of organizations were targeted by a ransomware attack in 2022, out of which 64% were actually infected. [2]
  • Only 50% of these organizations managed to retrieve their data after paying the ransom. [2]
  • 78% of business email compromise (BEC) involved fake CEO emails using common CEO phrases. [2]
  • 82% of BEC emails were sent using free email services. [2]
  • Consumers reported losing nearly $8.8 billion to fraud in 2022. [2]
  • Over 1.1 million reports of identity theft were received through the FTC’s IdentityTheft.gov website in 2022. [2]

Endpoint Security Market Analysis

  • The endpoint security market size is forecast to increase by USD 18.49 billion, at a CAGR of 19.98% between 2023 and 2028. [3]
  • North America is estimated to contribute 45% to the growth of the global market during the forecast period. [3]
  • The on-premises segment showed a gradual increase in the market share of USD 4.28 billion in 2018. [3]
  • The software segment in the U.S. held more than 80% of the endpoint security market in 2019. [4]
  • The mobile device security software segment in the U.S. is poised to witness a growth rate of around 5% through 2026. [4]
  • On-premise deployment model dominated the UK endpoint security market in 2019, with a revenue share of nearly 70%. [4]
  • The BFSI application segment is anticipated to exhibit growth of over 15% through 2026. [4]
  • North America is predicted to dominate the endpoint security market share through 2026. [4]
  • In 2022, the endpoint security market size was estimated at USD 16.1 billion and is projected to reach USD 27.8 billion in 2030. [5]
  • The endpoint security market is expected to grow at a CAGR of 7.1% during the forecast period. [5]
  • The global endpoint security market size was valued at USD 13.60 billion in 2023 and is projected to grow from USD 14.86 billion in 2024 to USD 30.29 billion by 2032, exhibiting a CAGR of 9.3% during the forecast period. [10]

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Cybersecurity Solutions & Technologies

  • Endpoint security solutions protect and monitor 24/7, updating defenses in real-time. [8]
  • Cloud-based segment accounted for a larger revenue share in 2021 due to easy maintenance, scalability, and cost-effectiveness. [8]
  • 65,000 digital attacks are being carried out every day in the U.K., resulting in 4,500 security breaches. [8]
  • In November 2023, SentinelOne expanded its alliance with Pax8. [10]
  • April 2023: Syxsense partnered with EVOTEK to deliver endpoint management and security services. [10]
  • November 2023: Trend Micro introduced a new offering for MSSPs and MDR enterprises. [10]

Cybercrime And Data Breaches

  • Cybercrime will cost companies worldwide an estimated $10.5 trillion annually by 2025, up from $3 trillion in 2015. [7]
  • By 2025, the number of IoT devices worldwide will reach 41.6 billion. [11]
  • In 2023 alone, more than 353 million people were impacted by data breaches. [6]
  • In 2023, the General Data Protection Regulation (GDPR) imposed record fines exceeding €1.6 billion. [9]
  • The average cost of a data breach worldwide is around $4.35 million. [16]
  • The average cost of a data breach in the healthcare sector is $10.1 million. [16]

Global Cybersecurity Workforce

  • The global cybersecurity workforce grew to 4.7 million professionals in 2022. [13]
  • The number of unfilled cybersecurity jobs globally is projected to be 3.5 million by 2025. [13]
  • Information security analysts are projected to grow by 35% from 2021 to 2031. [15]
  • Chief information security officers made an average annual salary of $170,980 as of July 2022. [15]

Endpoint Security Market Trends

  • The endpoint security market size attained a value of USD 16.73 billion in 2023. [12]
  • The market is further expected to grow at a CAGR of 7.9% between 2024 and 2032, reaching a value of USD 33.20 billion by 2032. [12]
  • The endpoint protection platforms market revenue is projected to expand at a CAGR of 8.4% during the forecast period. [8]
  • Endpoint security market size to rise from $14.86 billion in 2024 to $30.29 billion by 2032, at a CAGR of 9.3% with North America dominating the global market. [10]

Cybersecurity Insights

  • The average cost of recovering from a ransomware attack in 2023 was $1.82 million, excluding the ransom payment. [9]
  • Only 8% of businesses that pay ransom to hackers receive all of their data in return. [9]
  • Phishing continues to be the most common email attack method, accounting for 39.6% of all email threats. [9]
  • In 2023, 72.7% of all organizations fell prey to a ransomware attack. [9]

Future Projections

  • Endpoint security market size is projected to reach USD 30.83 billion by 2027, growing at a CAGR of 8.68% from 2020 to 2027. [14]
  • The total spending on global information security market is forecast to reach $424.97 billion in 2030. [13]
  • The endpoint security market size is estimated at USD 19.62 billion in 2024, and is expected to reach USD 28.80 billion by 2029, growing at a CAGR of 7.98%. [17]

Also Read

Sources

  1. forbes – https://www.forbes.com/sites/chuckbrooks/2023/03/05/cybersecurity-trends–statistics-for-2023-more-treachery-and-risk-ahead-as-attack-surface-and-hacker-capabilities-grow/
  2. Unknown URL – Unknown URL
  3. technavio – https://www.technavio.com/report/endpoint-security-market-industry-analysis
  4. gminsights – https://www.gminsights.com/industry-analysis/endpoint-security-market
  5. gmiresearch – https://www.gmiresearch.com/report/endpoint-security-market-share-analysis-industry-research/
  6. forbes – https://www.forbes.com/advisor/education/it-and-tech/cybersecurity-statistics/
  7. embroker – https://www.embroker.com/blog/cyber-attack-statistics/
  8. emergenresearch – https://www.emergenresearch.com/industry-report/endpoint-protection-platforms-market
  9. cobalt – https://www.cobalt.io/blog/cybersecurity-statistics-2024
  10. fortunebusinessinsights – https://www.fortunebusinessinsights.com/industry-reports/endpoint-security-market-100614
  11. erpsoftwareblog – https://erpsoftwareblog.com/2023/10/key-statistics-on-digital-adoption-and-how-to-make-yours-a-success/
  12. expertmarketresearch – https://www.expertmarketresearch.com/reports/endpoint-security-market
  13. varonis – https://www.varonis.com/blog/cybersecurity-statistics
  14. cisomag – https://cisomag.com/market-trends-report-endpoint-security/
  15. nu – https://www.nu.edu/blog/cybersecurity-statistics/
  16. statista – https://www.statista.com/markets/424/topic/1065/cyber-crime-security/
  17. mordorintelligence – https://www.mordorintelligence.com/industry-reports/global-endpoint-security-market-industry

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