The endpoint security market size is expected to reach USD 27.05 billion
by 2024, according to a new report by Grand View Research, Inc. The endpoint
security market is expected to witness a substantial growth over the forecast
period, due to the increasing deployment of various security solutions with
rising security risks across several applications including BFSI, IT &
telecom, and retail.
The rising number of enterprise endpoints and mobile devices having
access to critical enterprise data have created a huge demand for endpoint
security solutions in the market, which is anticipated to drive the market.
Moreover, emerging trend of virtualization is projected to affect
endpoint security. Virtualization separates physical systems into several
virtual machines, which will require similar endpoint protection as physical
servers. Hence, escalating the demand for more efficient and comprehensive
solutions over the forecast period.
Several companies in the industry are spending on different technologies
to improve capabilities, secure internet protocols, test software and analyze
vulnerabilities. The evolution of cloud storage has increased the adoption of
cloud-based security services; the as significant amount of data is stored in
one place. This has led to increased threat of data breaches and enforcement of
various regulations to curb the risk of placing the data on the cloud.
In depth research report
on Endpoint Security Market
Further key findings from
the report suggest:
·
The mobile device security segment witnessed revenue share of over 17% in
2015, which is anticipated to grow at a CAGR of nearly 16% over the forecast
period. The increasing adoption of BYOD trend have led the employees in
organizations to access corporate data on their personal mobile devices.
However, it creates security challenges, which requires advanced endpoint
security solutions to safeguard sensitive business information resulting in
high demand.
·
Enterprises dominated the market in 2015, and is estimated to grow at a
CAGR of over 13% from 2016 to 2024. SMBs are also anticipated to witness
substantial growth over the forecast period due to the rising adoption such
safety solutions to prevent crucial information. Organizations of all sizes are
transitioning their business-critical operations and workloads to cloud
computing to decrease the burden on their IT support staff, reduce costs and
provide advanced services. The increasing adoption of cloud technology have led
security vendors to develop cloud-based security solutions on a large scale.
·
IT & Telecom industry dominated the market with the revenue share of
nearly 25% in 2015 and is anticipated to witness significant growth over the
next eight years. The industry has evolved through significant expansion phase
and have stringent legal and information security requirements. Further, rising
acceptance of BYOD trend is anticipated to drive the industry demand.
·
Moreover, the BFSI sector offers substantial potential for the market as
it is continuously visualizing the regional; instability, terrorism, physical
risks, criminal networks and modern threats originating from cyber sabotage and
opaque sources. The rising regulation in the finance sector is further contributing
towards the industry growth.
·
The North America is estimated to dominate the market with a share of
over 32% in 2015 growing at a CAGR of nearly 11% over the next eight years.
Asia Pacific regional market accounted for over 19.0% of the global market
share in 2015 and is expected to grow with a CAGR of 13.2% over the next eight
years. Stringent regulations across Asia Pacific are expected to fuel the
demand for efficient endpoint security solutions driving the demand in this
region. Countries including China, India, Malaysia and Australia are investing
heavily in endpoint security to fight against cyber threats and attacks.
·
The key industry participants include Microsoft Corporation, Kaspersky
Labs, Panda Security SL, Symantec Corporation, Sophos Ltd, Cisco, Bitdefender,
ESET, IBM Corporation, F-Secure, Intel Security Inc. (McAfee) and Trend Micro
Incorporated. The vendors involve in frequent merger & acquisitions to
increase their geographical presence and product portfolio to gain competitive
advantage.
Grand View Research Inc. has segmented the global endpoint security
market on the basis of solution, deployment, organization, application, and
region:
Endpoint Security
Solution Outlook (Revenue, USD Million, 2014 - 2024)
·
Firewall
·
Antivirus
·
Application Control
·
ID/IP
·
MDS
·
Encryption technologies
·
Others
Endpoint Security
Deployment Outlook (Revenue, USD Million,2014 - 2024)
·
On-premise
·
Cloud
Endpoint Security
Organization Outlook (Revenue, USD Million,2014 - 2024)
·
Enterprise
·
SMBs
Endpoint Security
Application Outlook (Revenue, USD Million,2014 - 2024)
·
IT & telecom
·
BFSI
·
Industrial
·
Education
·
Retail
·
Medical
·
Others
Endpoint Security
Regional Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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