Endpoint Security Market 2020 Global Industry Analysis, Growth Forecast & Emerging Trends To 2024
Category: #technology  By Ronak Bora  Date: 2020-01-15
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Endpoint Security Market 2020 Global Industry Analysis, Growth Forecast & Emerging Trends To 2024

Global endpoint security market outlook will be immensely defined by the need for consistent and reliable product maintenance and update services, to meet the challenges of modern cyberthreats, such as crypto mining. The cost of strengthening an organization’s security against new kinds of attacks goes on increasing every year, advocating the significance of managed service providers who are solely responsible for keeping the threat database up to date.

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The endpoint security market will gain exponentially during the forecast period fueled by rapid digitization of businesses and growing number of mobile devices being used coupled with constant threat of malwares and ransomware which companies are exposed to. Cybercriminals are benefitting from the tremendous surge in endpoints connected to business networks and the lack of proper security installed on many portable or handheld devices.

The number of malicious attacks on businesses has grown significantly over the past few years, as more and more enterprises submit to the utilization of digital platforms for online transactions, customer relations management and other business processes. Malwares are among the most vital nuances IT departments must cope with today, threatening to disrupt entire operations or quietly track user actions.

Countering a malware attack becomes difficult as a device can be targeted from multiple sources. Reports indicate that majority of malware is delivered by emails, presenting substantial opportunities for endpoint security market from anti-malware applications.

Highlighting the importance of the expanding endpoint security market, it is estimated that organizations took an average 191 days to identify data breaches in 2017, which gives enough time to attackers to execute their plans.

Higher costs of building and maintaining an on-premises network system has directed small and medium sized enterprises towards adopting cloud-based platforms for all crucial applications. Using the cloud not only allows better remote access to employees and partners through their devices, but also enables managed security service providers to implement effective endpoint security solutions.

Security tools deployed on the cloud offer a cost-efficient alternative to having an entire IT infrastructure setup for storing and protecting company data and processes. Increasing number of SMEs worldwide will accelerate the deployment of endpoint security software on the cloud.

The advent of artificial intelligence-powered services offered by banks has led to the emergence of advanced cyber threats, challenging endpoint security market players to undertake continuous R&D efforts for developing more effective counter measures, along with tracking exposure to new threats.

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Asia Pacific region has witness unprecedented growth in the use of smartphones and digital banking applications, establishing itself as a key market for endpoint security solutions. Reportedly, smartphone connections in APAC had surpassed 2.5 billion in 2017 alone, suggesting an immense customer base in the form of commercial and industrial businesses that provide online access to business operations and information.

Declining costs of internet connectivity across the region has in turn facilitated a broader application scope. APAC endpoint security industry is poised to register substantial gains over the forecast timeframe due to rising demand for mobile device security.

Numerous other factors are impacting the adoption of endpoint security software by enterprise, including the end-user requirements, cost of implementation and regional dominance of security companies. In terms of the competitive landscape, endpoint security market comprises of established and upcoming players like Microsoft, Symantec, McAfee, Trend Micro, IBM, VIPRE and F-Secure. Emerging firms must keep pace with the latest technology trends and compete to capture a notable market share against bigger players who are consistently enhancing their products.

Some Points From Table Of Content: -

Chapter 6.Endpoint security market, By Deployment Model

6.1.Endpoint security industry share by deployment model, 2016 & 2024

6.2.On-premise

6.2.1. On-premise market estimates and forecast, by region, 2013-2024

6.3.Cloud

6.4.Cloud market estimates and forecast, by region, 2013-2024

Chapter 7.Endpoint security market, By Application

7.1.Endpoint security industry share by application, 2016 & 2024

7.2.BFSI

7.2.1. BFSI market estimates and forecast, by software, 2013-2024

7.2.2. BFSI market estimates and forecast, by service, 2013-2024

7.3.Telecom & IT

7.3.1. Telecom & IT market estimates and forecast, by software, 2013-2024

7.3.2. Telecom & IT market estimates and forecast, by service, 2013-2024

7.4.Retail

7.4.1. Retail market estimates and forecast, by software, 2013-2024

7.4.2. Retail market estimates and forecast, by service, 2013-2024

7.5.Healthcare

7.6.Government and public sector

7.7.Education

7.8.Transportation

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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