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.
Full
Research Report On Global Endpoint Security Market Analysis:
www.grandviewresearch.com/industry-analysis/endpoint-security-market
www.grandviewresearch.com/industry-analysis/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.
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-endpoint-security-market
www.grandviewresearch.com/press-release/global-endpoint-security-market
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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