Endpoint Security Market to surpass $7.5bn by 2024 - PowerPoint PPT Presentation

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Endpoint Security Market to surpass $7.5bn by 2024

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More Information @ The BFSI segment held the largest share of the endpoint security market in 2016. This market dominance can be attributed to the critical need for securing customers’ financial data in financial institutions, which leads to the high adoption of network security solutions by organizations. Also, due to stringent government regulations for ensuring the maximum security and confidentiality of financial data, companies adopt and maintain sophisticated endpoint protection solutions in their IT infrastructure. – PowerPoint PPT presentation

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Title: Endpoint Security Market to surpass $7.5bn by 2024


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Endpoint Security Market to grow at 7 CAGR from
2017 to 2024 Global Market Insights Inc.
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Industry Overview
  • Endpoint Security Market set to exceed USD 7.5
    billion by 2024, driven increasing penetration of
    mobile devices. The endpoint security market
    growth is attributed to the rise in the incidents
    of massive cyber-attacks on government and
    private IT networks around the world, potentially
    threatening national security and the privacy of
    critical public information. Due to frequent
    cyber-attacks, such as Shadow Brokers, WannaCry,
    and Petya, government and private organizations
    are increasingly deploying security solutions to
    protect their IT infrastructure. Also, with the
    growing popularity of the BYOD among enterprises
    around the world, the need to secure different
    types of mobile devices used in enterprise
    networks is leading to the rapid deployment of
    antivirus/antimalware solutions by organizations
    worldwide.
  • The software segment held a market share of over
    80 in 2016 due to the large-scale deployment of
    protection solutions such as intrusion prevention
    systems, antivirus systems, and endpoint
    application control systems by enterprises to
    prevent malicious threats from infecting
    enterprise networks. The service market is
    expected to exhibit a promising growth over the
    forecast timeline as associated services ensure
    timely updates and maintenance to enable the
    protection from constantly evolving threats.

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  • The cloud segment is expected to register an
    accelerated growth over the forecast timeline due
    to the rapid adoption of cloud computing
    technology by enterprises and government
    institutions to enable flexible and highly
    scalable deployment of cyber security solutions
    over cloud platforms. As cloud-based solutions
    offer the latest updated versions of cyber
    security product instances, their adoption is
    expected to increase significantly between 2017
    and 2024.
  • The BFSI endpoint protection market will exhibit
    high growth over the forecast timeline owing to
    stringent government regulations around the world
    demanding the highest level of security for
    customers financial records stored and retrieved
    through the IT networks of financial
    institutions. As such networks are the prime
    targets of hackers for ransomware attacks, the
    demand for advanced and robust malware protection
    solutions from the BFSI sector is expected to
    increase rapidly over the forecast period.

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Browse Full Market Research Report Of Endpoint
Security Market _at_ https//bit.ly/2r2hrDf
Request for a Sample of this Research
report _at_ https//www.gminsights.com/request-sample
/detail/1620
5
Endpoint Security Market Size, By Application,
2016 2024 (USD Million)

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Industry Coverage

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  • North America will hold the majority share in the
    endpoint security market by 2024 due to favorable
    government initiatives to adopt effective
    security solutions to mitigate the threats
    arising out of frequent cyber-attacks on public
    as well as private IT networks in the U.S. Asia
    Pacific will grow at the fastest rate due to the
    rapid modernization of IT infrastructure in
    India, Singapore, and South Korea. Also, the
    increasing adoption of endpoint protection
    technology for strengthening the national defense
    IT and communication infrastructure in these
    countries is expected to contribute largely to
    the market growth.
  • The companies operating in the endpoint security
    market are consistently involved in product
    development and innovation to offer advanced
    endpoint protection capabilities to their
    customers. For instance, in October 2017, McAfee
    announced the launch of McAfee Investigator that
    uses both AI and machine learning and automates
    data collection to increase the accuracy of the
    investigations. The key players operating in the
    endpoint protection market are Cisco,
    Bitdefender, Ahnlab, Sophos, F-Secure, McAfee,
    ESET Microsoft, IBM Symantec, VIPRE, Trend Micro,
    Webroot, Kaspersky Lab, Comodo, and Panda
    Security.

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