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Exhibiting 8.4% CAGR, The Global Endpoint Security Market is expected to gain momentum owing to the rising demand from various sectors. According to a report by Fortune Business Insights, titled “Endpoint Security Market Size, Share and Global Trend By Component (Software, Services), By Deployment (On-Premise, Cloud), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By End-Use Industry (BFSI, Telecom & IT, Retail, Healthcare, Government & Public Sector, Transportation, and Others) and Geography Forecast till 2026,” the global market is estimated to reach US$ 10,026.9 Mn by 2026, as against US$ 5,304.5 Mn in 2018. Organizations around the world are installing endpoint security software to strengthen the overall network infrastructure. This will further help them to minimize the risk of cyber threats. Implementation of policies such as BYOD or Work from home is creating a threat of data breach as employees get free access to the organization’s systems and software. This, as a result, is compelling such organizations to install enterprise endpoint security.
It is very crucial to secure endpoints as they help to effectively strengthen the overall IT network performance. Sectors such as Telecom and IT, BFSI, Media, and others are increasingly adopting endpoint security solutions as organizations in these sectors allow employees work from home. Enabled by the above factors, the endpoint security market growth is expected to increase in the forthcoming years. As per the report, large enterprises account for the major share in the market as small and medium-scale enterprises lack the budget. Nonetheless, the demand for endpoint security solutions is increasing among small and medium enterprises owing to the rising awareness about cyber-attacks and growing adoption of IT. More than on-premise, cloud adoption is growing at a higher rate as these services are easily customizable and bare minimum expenses. Industry 4.0 and IoT are gaining a lot of attention, encouraging large-scale enterprise to opt for could-based endpoint security deployment.
Ferrari to Adopt Endpoint Security Solution to Achieve its Connected Cars Vision
Companies such as Carbon Black, McAfee, Cisco, Microsoft, Intel, Kaspersky Lab., Palo Alto network, and Symantec Corporation cover two-thirds of the share in the market. Continuous up-gradation of their IT systems is likely to increase the endpoint security market revenue in the forthcoming years. Moreover, the majority of these leading players have their headquarters in North America. These companies are heavily investing in endpoint security solutions to upgrade their IT applications and reduce the risk of endpoint security attacks. The endpoint security market share of these companies is likely to increase owing to the high growth witnessed in connected devices. Ferrari is planning to adopt endpoint security solutions with the help of a company’s online brand presence and Internet of things (IoT). In addition to this, the company plans to extend its vision on connected cars. In order to achieve this, a company partnered with Kaspersky Lab to adopt ERP and PLM securities. These securities have helped Ferrari to get strict platform specifications while ensuring the confidentiality associated with reporting. Another company called Carbon Black announced that it started using container protection and Amazon Web Services (AWS) to its platform in June 2019. The emergence of BYOD, connected devices, and others is increasing the risk of data security and safety, thus allowing organizations to install endpoint security systems.
With a Value of US$ 2,121.2 Mn in 2018, North America to Lead the Global Market by 2026
From a geographical standpoint, North America is estimated to cover a major share in the global market during the forecast period. The analysts in the report found that the market was worth US$ 2,121.2 Mn in 2018 and the growth is driven by the presence of well-known players in the region. Several industries are deploying IoT devices in the region. This, coupled with the exponential demand for connected devices is propelling growth in the market in North America. Moreover, the rising support from the government on implementing cybersecurity policies and programs is further contributing to the increasing adoption of endpoint security solutions.
Apart from North America, Europe is expected to grow at a considerable rate in the forecast years. The growth is attributable to the rising adoption of endpoint security systems in countries such as France, Germany, and the U.K. In addition to this, several European organizations are planning to invest in research activities of cybersecurity projects. Growing IT infrastructure is expected to help the market grow at a substantial rate in Asia Pacific too, thus impacting the endpoint security market size positively.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/endpoint-security-market-100614
Global Endpoint Security Market can be segmented into the following categories:
By Enterprise Size
· Large Enterprises
· Small and Medium Enterprises (SMEs)
By End-Use Industry
· Telecom & IT
· Government and public sector
· North America (U.S. and Canada)
· Europe (UK, Germany, France and Rest of Europe)
· Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
· Latin America (Brazil, Mexico and Rest of Latin America)