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.
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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.
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.
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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.
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