San Francisco, 28 November
2018: According to a report by Grand View Research, Inc.; the
global endpoint security market is projected to reach USD 27.5 billion by 2025. Growing
requirement for advanced safety of sensitive organizational data is anticipated
to drive the market over the forecast period (2014 to 2024). Endpoint security
offers advanced protection to important information against possible threats
like data breach and malicious programs. This factor is anticipated to boost
demand in near future.
Rising adoption of Bring Your
Own Device (BYOD) trend among employees to access corporate data from varied
locations is anticipated to propel demand for endpoint security. Continual
technological developments can positively influence market over the forecast
period. In addition, increasing number of enterprise endpoints and mobile
devices having access to important enterprise information are expected to surge
demand for these solutions. Moreover, growing trend of virtualization can
separate physical systems into several virtual machines. This factor is
anticipated to propel demand for endpoint protection as physical servers.
The worldwide endpoint
security market can be segregated on the basis of solution, deployment,
organization, application, and region. Based on solution, the market can be
categorized into antivirus, application control, firewall, Master Data Services
(MDS), encryption technologies, ID/IP, and others. In 2015, antivirus dominated
with around 23.2% market share. Antivirus software can reduce probability of
threats such as viruses, adware, trojans, spyware, keyloggers, and rootkits. In
addition, increasing volume of sensitive information stored over the network
can surge demand for antivirus solutions.
Access
Research Report of Endpoint Security Market@
www.grandviewresearch.com/industry-analysis/endpoint-security-market
Mobile device security is
projected to expand at a substantial CAGR of 16% from 2016 to 2024. Rising use
of mobile phones coupled with growing adoption of BYOD can fuel growth in the
forthcoming years. Mobile devices are vulnerable to threats such as
eavesdropping, unlicensed application, mobile malware, and theft. Use of
advanced solutions to protect mobile phones from such threats can augment
market growth over the forecast period.
Based on deployment, the
market for endpoint security can be divided into cloud and on-premise. In 2015,
cloud accounted for 36.6% market share. It is expected to witness steady CAGR
during the forecast period attributed to reduced investment and expenditure. In
addition, shifting consumer preference from on premise to cloud services as the
on premise security service is likely to bode well for market expansion.
Based on organization, the
market can be bifurcated into large enterprises and Small and Medium Businesses
(SMBs). In 2015, large enterprises dominated the market and accounted for
around 77% market share. The need to upgrade existing security systems and
rising adoption of new solutions for complete threat prevention can fuel demand
in near future. However, reluctance of SMBs to outsource security services to
third party can restrict adoption. Nonetheless, prevalence of data breaches in
SMBs is expected to boost adoption in near future.
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Based on application, the
market for endpoint security can be segmented into industrial, BFSI, education,
retail, medical, IT and telecom, and others. IT and telecom and BFSI are
anticipated to gain significant market shares during the forecast period.
Rising incidence of data breaches and awareness regarding data safety are
expected to propel demand over the forecast period. Medical sector is projected
to adopt endpoint security attributed to increasing number of hacking cases
related to inter-connected healthcare products.
Regional segmentation includes
Europe, North America, Asia Pacific, Latin America, and Middle East and Africa
(MEA). North America and Europe are expected to witness significant CAGR
attributed to high proliferation of mobile phones and internet services. In
addition, presence of a large number of key market players offering advanced
solutions to numerous sectors such as automotive, healthcare, and BFSI is
anticipated to further propel demand in near future. Asia Pacific is expected
to register a CAGR of around 13.2% from 2016 to 2024. Popularity of cloud
computing and BYOD trend can fuel adoption of endpoint security services over
the forecast period.
Some of the leading companies
in endpoint security market are Panda Security SL, Kaspersky Labs, Sophos Ltd,
Microsoft Corporation, and Symantec Corporation.
Access
Press Release of 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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