The Europe unified endpoint management market was valued at US$ 2,552.34 million in 2023 and is expected to reach US$ 21,564.78 million by 2031; it is anticipated to record a CAGR of 30.6% from 2023 to 2031.
Rise of Endpoint Attacks Drive Europe Unified Endpoint Management Market
Endpoints such as laptops, smartphones, tablets, and IoT devices have become increasingly common in workplaces. These devices have become one of the most significant attack vectors for cybercriminals as they are easier to target. According to Keeper Security, Inc., endpoint devices are twice as likely to become infected with different types of malwares. Despite the increase in security risks related to remote working, only 47% of businesses monitor their networks 24/7, and only 50% encrypt sensitive data that is stored on devices. Furthermore, the most affected sector is the media & entertainment industry, with 60% of organizations experiencing a ransomware attack, followed by IT, energy & utilities (55%), technology & telecom (56%), and professional services (50%). Unified endpoint management helps protect organizational data and ensure compliance with security standards. Unified endpoint management solutions provide real-time monitoring of all endpoints that allow IT teams to detect and respond to these attacks quickly. Thus, the increasing frequency and sophistication of endpoint attacks fuels the Europe unified endpoint management market growth.
Europe Unified Endpoint Management Market Overview
Stringent European government regulations to protect consumer data and the increasing number of endpoint cyberattacks across European countries are a few of the factors driving the unified endpoint management market in Europe. Stringent government regulations mandate businesses and organizations of all sizes to ensure data privacy and security. The General Data Protection Regulation (GDPR), the Revised Payment Services Directive (PSD2), the Network and Information Security (NIS) Directive, the eIDAS Regulation, and the European Banking Authority (EBA) Guidelines on Security Measures for Operational and Security Risks are a few of the European regulations that emphasize the importance of implementing strong authentication solutions to protect personal data, secure electronic transactions, and enhance overall cybersecurity within the EU. Such stringent government regulations force organizations in European countries to adopt tools such as unified endpoint management to effectively manage endpoint devices and protect them from cyberattacks.
Europe Unified Endpoint Management Market Revenue and Forecast to 2031 (US$ Million)
Europe Unified Endpoint Management Market Segmentation
The Europe unified endpoint management market is categorized into component, deployment type, platform, organization size, end user and country.
Based on component, the Europe unified endpoint management market is bifurcated into solutions and services. The solutions segment held a larger market share in 2023.
By deployment type, the Europe unified endpoint management market is segmented into cloud based and on-premise. The cloud-based segment held a larger market share in 2023.
In the terms of platform, the Europe unified endpoint management market is divided into desktop and mobile. The desktop segment held a larger market share in 2023.
By organization size, the Europe unified endpoint management market is segmented into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.
Based on end user, the Europe unified endpoint management market is segmented into BFSI, government and defense, healthcare, IT and telecom, automotive and transportation, retail, manufacturing, and others. The IT and telecom segment held the largest market share in 2023.
By country, the Europe unified endpoint management market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe unified endpoint management market share in 2023.
Baramundi software USA, Inc.; BlackBerry Ltd; Citrix Systems Inc; HCL Technologies Ltd; International Business Machines Corp; Ivanti; Matrix42 AG; MICROLAND LIMITED; Microsoft Corp; Mitsogo Inc.; Open Text Corp; REDPALM; SCALEFUSION (PROMOBI TECHNOLOGIES PVT LTD); Sophos Ltd.; SOTI Inc.; STEFANINI; TANGOE; and Zoho Corp Pvt Ltd are some of the leading companies operating in the Europe unified endpoint management market.
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