10th December 2019 – Global Endpoint
Security Market is estimated to reach USD 27.05 billion by 2024 owing
to increasing deployment of security solutions with growing security risks in
different industry applications. Endpoint security or endpoint protection is a
centralized approach to protect all the endpoint devices such as laptops,
desktops, smartphones, servers and other devices connected to the corporate IT
network, from the cyber threats.
Endpoint security enables effective,
efficient and easier security management. Most players in endpoint security
industry offer endpoint security systems that include firewall, antivirus and
high-defined security software. This type of security offers effective security
to the endpoints, thereby securing the network by blocking risky activities and
access attempts at endpoints.
Endpoint security systems can be broadly
categorized into two types. One for the enterprises and another for consumers.
The key difference between the two is that there is no centralized
administration and management for consumers whereas the centralized management
mandate necessary for the enterprises. The centralized administration and
management simplifies the installation or configuration of endpoint security
software on individual endpoint devices, performance logs and other alerts are
directly sent to the central administration server for analysis and evaluation.
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One of the major driving factors for the
growth of endpoint security market is the rise in number of portable
smartphones and other devices that has increased the number of endpoints, which
has ultimately augmented the number of security breach. Another driving force
for the growth of the market is the need for compliance within government
financial organizations, which will ultimately prompt users to adopt endpoint
security solutions.
The trend witnessed within the global
endpoint security industry is the surging demand for software-as-a-service
(SaaS) based security solution since they are easy to install, and upgrade and
are affordable. Device control is one of the growing concerns in organizations
as proper device control is essential to protect the confidential information
since there are several mediums through which confidential data can be released
thus leaving susceptibility in the network. The need for embedded security is
increasing since mobile endpoints store huge amount of application and critical
data. Hence, at present, cyber criminals are targeting the mobile endpoints.
Innovation in mobile technology is
forcing mobile endpoint security solutions to manage current mobility
environment with the combination of operating systems, mobile endpoints and
other personal data without compromising the user experience, data and privacy.
To take full advantage of the workforce mobilization, enterprises are required
to introduce more proficient and comprehensive enterprise mobility solutions
instead of depending on short-term management solutions.
The growing incidents of cyber-attacks
on private and government networks across world has resulted in the increased
awareness and adoption of endpoint security solutions. Data breaches and
ransomware are the major critical challenges for any business. Hence,
protecting the critical data related to customers along with enterprises has
become a priority especially for companies who rely on IT infrastructure for confidential
business processes. Moreover, steady growth of mobility trend in endpoint
security market will also contribute to the favorable adoption of security
solutions, thereby affecting the market in the years to come.
Endpoint security industry is categorized
on the basis of solution, deployment, organization, application and geography.
On the basis solution, the market is divided into firewall, antivirus,
application control, ID/IP, MDS, encryption technologies and others. Based on
deployment, the market is divided into cloud and on-premise. In terms of
organization, the industry is split into SMBs and enterprise. On the basis of
application, the market is divided into IT & telecom, BFSI, industrial,
education, retail, medical, and others.
Geographically, endpoint security market
is segmented as North America, Latin America, Europe, Asia Pacific, and Middle
East & Africa. North America followed by Asia Pacific are predicted to
dominate the market in the coming years owing to the growing demand for endpoint
security solutions in these regions.
The prominent players in endpoint
security industry comprise Cardon Black Technology Inc., Cisco Systems, Cylance
Inc., McAfee Inc., CrowdStrike Inc., Avast Software Inc., Trend Micro Inc., RSA
Security LLC, FireEye Inc., SentinelOne Inc., Microsoft Corporation, Symantec
Corporation, Palo Alto Networks Inc., Panda Security SL, Sophos Group PLC, Eset
LLC, Fortinet Inc., AVG Technologies, Trend Micro Inc., Bitdefender LLC, and
Kaspersky Lab Inc.
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