According to our latest study on "Unified Endpoint Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Deployment, Industry Vertical," the unified endpoint management market size was valued at US$ 9.34 billion in 2023 and is expected to reach US$ 84.91 billion by 2031; it is estimated to record a CAGR of 31.8% from 2023 to 2031.

The unified endpoint management market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC, respectively. The Europe unified endpoint management market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In terms of revenue, Germany dominated the unified endpoint management market share. Germany emerged as a significant target for ransomware attacks globally from April 2022 to March 2023. It ranked as the fourth most attacked country in terms of known attacks in the European Union (EU). In August 2022, German power semiconductor manufacturer Semikron experienced a ransomware attack that resulted in partial encryption of its network. The attackers claimed to have stolen 2TB of documents. Similarly, in the same month, automotive parts company Continental, a major player in the industry, was targeted by the LockBit ransomware gang. The attackers claimed to have stolen a significant amount of data, approximately 40TB. Negotiations between Continental and the ransomware gang broke off in late October, with the attackers offering to sell or destroy the data for US$ 50 million. These incidents highlight the growing threat of ransomware attacks faced by businesses, even those operating in critical sectors such as power semiconductors and automotive parts. The attacks targeted various sectors, with the services sector being particularly affected. With the rise in such attacks, the need for unified endpoint management solutions is expected to grow during the forecast period.

The UK is witnessing an increase in endpoint attacks, and recent data emphasizes that no organization is safe, regardless of its size, sector, or cybersecurity budget. Most cyberattacks occur as a result of inadequate training or human error. To address this growing threat, companies are adopting unified endpoint management solutions. However, according to the government's Cyber Security Breaches Survey, organizations are falling short in protecting their physical assets and devices. In fact, 26% of medium-sized businesses and 37% of large businesses have reported experiencing cybercrimes in the past 12 months. Similarly, in July 2024, as per Cyber Security in Critical National Infrastructure (CNI), survey in UK, 45% of energy firms admitted that they have suffered disruption to their operations as a direct result of an end point-attacks. In today's evolving work landscape, where flexible working is becoming increasingly common, organizations should prioritize robust cybersecurity protection and monitoring for all their endpoints. The rapid evolution of cyber threats, coupled with cybercriminals taking advantage of new work practices, necessitates a proactive approach to security. Key players, such as Sharp UK, offer Sharp's Endpoint Security Solutions, from which businesses can have their devices monitored and secured.

Key Findings of Unified Endpoint Management Market Study:

The unified endpoint management market is segmented into component, deployment, platform, organization size, end user, and geography. Based on component, the market is divided into solutions and services. By deployment, the unified endpoint management market is bifurcated into cloud based and on premises. By platform, the unified endpoint management market is bifurcated into desktop and mobile. By organization size, the unified endpoint management market is bifurcated into SMEs and large enterprise. In terms of end user, the market is segmented into BFSI, IT & telecom, healthcare, automotive, manufacturing, retail, and others. By geography, the unified endpoint management market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.

By deployment, the market is bifurcated into cloud and on premise. The cloud segment held the largest unified endpoint management market share. The technology sector is experiencing major growth in cloud-based solutions as they are quick and cost-effective. Owing to these advantages, cloud-based solutions have attracted a significant number of end users. The rising demand for cloud-based software has encouraged the key market players to offer cloud-based unified endpoint management solutions. Further, the internet infrastructure has matured in developed countries, while still flourishing in a few developing countries, which allows end users in both developed countries as well as developing countries to access cloud-based solutions. This factor is positively influencing the adoption of a unified endpoint management solution among various industries. Moreover, owing to the incremental advancements in cloud computing, cloud-based solutions are experiencing significant growth.

The key factor attributed to the segmental growth is the high availability of cloud-based unified endpoint management software to maintain secure operations of vital business systems despite single-component failures. Ongoing monitoring, geo-redundancy, and failover mechanisms are a few benefits of utilizing cloud-based data and apps. Further, both regulated companies and consumers are concerned about data security and privacy. To satisfy regulations and secure personal and financial data, top-tier cloud-based unified endpoint management software manages and maintains enhanced protection surrounding infrastructure

42Gears Mobility Systems Pvt Ltd.; BlackBerry Ltd; Matrix42 AG; MobileIron Inc; Ivanti; Citrix Systems Inc; International Business Machines Corp; Microsoft Corp; VMware Inc; Zoho Corp Pvt Ltd; MICROLAND LIMITED; REDPALM; SCALEFUSION (PROMOBI TECHNOLOGIES PVT LTD); STEFANINI; TANGOE; Sophos Ltd.; HCL Technologies Ltd; SOTI Inc; baramundi software USA, Inc.; and Mitsogo Inc are among the key players profiled in the unified endpoint management market report. Several other major players were studied and analyzed during the unified endpoint management market analysis to get a holistic view of the market and its ecosystem. The unified endpoint management market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current unified endpoint management market trends and their foreseeable impact during the forecast period.
 

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