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The global endpoint security market size is expected to reach USD 24.58 billion by 2028 from USD 13.99 billion in 2021. The increasing improvement and efficiency of endpoint protection and advanced security solutions will boost the market growth, mentioned in a report, titled “Endpoint Security Market Size, Share & COVID-19 Impact Analysis, By Component (Software, and Services), By Deployment (Cloud, and On-Premises), By End-user (Commercial, Consumer), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Industry (BFSI, IT and Telecommunications, Retail, Healthcare, Government & Public Sector, Transportation, and Others), and Regional Forecast, 2021-2028.” The market size stood at USD 12.93 billion in 2020 and is expected to exhibit a CAGR of 8.3% between 2021 and 2028.
Launch of McAfee’s Endpoint Security Platform to Propel Market Growth
McAfee, an American global computer security software company headquartered in Santa Clara, California announced the introduction of McAfee MVISION Insights, it is the first ever security solution with a cybersecurity model that can aid in eradicating threats before an attack. MVISION Insights offers trailblazing and pro-active threat solutions by utilizing the company’s cutting-edge threat research, augmented with sophisticated Artificial intelligence (AI) functional to immediate risks telemetry streamed from more than a billion devices.
The amalgamation of MVISION Insights improves the competences of McAfee’s cutting-edge endpoint security platform by handling the attack surface, averting ransomware, and facilitating security teams to effortlessly examine and retort to sophisticated attacks. Moreover, the combination of MVISION Insights into the company’s endpoint security platform is intended to reduce nearly all loads on security procedures authorities. The growing cyber threats will promote the use of MVISION Insights, which in turn, will support the market.
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Implementation of Bring Your Own Devices to Drive Market
The growing adoption of bring your own device (BYOD) in enterprises will push the demand for endpoint security solutions. According to the 2018 SANS Survey on Endpoint Protection, only 45% of organizations included employee’s personal devices under the company’s security management. The growing need for advanced security among organizations will foster the growth of this market.
Moreover, the increasing utilization of smartphones and other smart devices can spur opportunities for the market. According to the McAfee Mobile Threat Report of 2019, advanced smartphones allow hackers to easily gain internal access. The requisite to secure enterprises’ private data will fuel demand for this type of security solutions. Endpoint solutions secure every endpoint and keep track of malicious activity and device behavior. Thus, the rising implementation of BYOD policy is likely to drive the market during the forecast period.
Focus on Advanced Security Solutions by Companies to Consolidate Business
The market is dominated by the presence of AO Kaspersky Lab, VMware Inc., McAfee LLC, Sophos Inc., Intel Corporation, Palo Alto Network Inc. The companies are focused on advanced and strong endpoint protection solutions by integrating new technologies such as AI, machine learning, and more. For instance, in March 2020, BlackBerry Limited Cylance launched two unified endpoint security (UES) solutions CylancePROTECT and CylanceOPTICS for endpoint protection, detection and response. It is a single-agent that provides centralized management for Endpoint Protection Platform (EPP) and Endpoint Detection and Response (EDR).
The Report Lists the Key Companies in the Market:
Further Report Findings:
The Global Market is Segmented into:
Value (USD Billion)
By Enterprise Size