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Endpoint Security - Tanzania

Tanzania
  • Revenue in the Endpoint Security market is projected to reach US$5.05m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.18%, resulting in a market volume of US$11.16m by 2029.
  • The average Spend per Employee in the Endpoint Security market is projected to reach US$0.15 in 2024.
  • In global comparison, most revenue will be generated United States (US$5.6bn in 2024).

Definition :
Endpoint security solutions or endpoint protection refers to practices designed to protect the various endpoints on a network or in the cloud, such as desktop computers, laptops, network devices and servers, and mobile devices, from attacks and exploitation through malicious activities. Endpoint security has advanced from traditional antivirus software to offer defense against sophisticated malware and previously unknown vulnerabilities (zero-day threats).

The primary objective of endpoint security is to guarantee the confidentiality, integrity, and accessibility of data and assets on end devices. To achieve this, organizations need to collaborate, employing a range of security technologies to create a multi-layered defense strategy that helps administrators enhance threat detection capabilities and response speed to threats.

Additional information:

The Endpoint Security market comprises revenues, revenue change, and average spend per employee. Market values represent revenues that are generated by primary vendors, either directly or through distribution channels (manufacturer prices, excluding VAT). Reported market revenues include consumer spending (B2C), business spending (B2B), and government spending (B2G). Detailed definitions of each market can be found on the corresponding market pages. Key players in the market include Cisco, Checkpoint, Fortinet, CrowdStrike Holdings, and Trend Micro.

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In-Scope

  • Integrated firewall security, such as Check Point Security Gateway, Sophos Cyberoam UTM, and Palo Alto Networks Next-Generation Firewall
  • Advanced antivirus programs, such as Trend Micro, McAfee, and Symantec
  • Endpoint detection and response (EDR), such as Microsoft Defender for Endpoint, SentinelOne, and FireEye Endpoint Security
  • Zero-day threat detection, such as Crowdstrike and Fortinet FortiSandbox
  • Endpoint encryption, such as Symantec Endpoint Encryption and ESET Endpoint Encryption

Out-Of-Scope

  • Physical security, such as ADT Security Services, G4S Secure Solutions, and Allied Universal
  • Large-scale network security, such as F5 Networks, Hewlett Packard Enterprise, and Gigamon
  • Business continuity and disaster recovery, such as Quantum Corporation Backup and Recovery Solutions, HP Enterprise (HPE) Business Continuity and Recovery Services, and IBM Resilience Services
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Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jun 2024

    Sources: Statista Market Insights, Financial Statements of Key Players, National Cyber Security Organizations

    Methodology

    Data coverage:

    Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

    Modeling approach / Market size:

    Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

    Additional notes:

    Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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