Endpoint Security Market By Component, Application and Top Key Players: itdefender, Cisco, ESET, F-Secure, IBM, McAfee, Kaspersky Lab, Microsoft, Symantec, VIPRE, Trend Micro, Webroot, Sophos, Ahnlab, Comodo, Panda Security

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 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.

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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.

Endpoint security systems detect known vulnerabilities in the endpoints typically in common applications such as email clients, web browsers, and operating systems. Through the assessment, they notify system administrators about security issues to be addressed to secure the endpoints. Consolidating multiple endpoint technologies in one integrated solution is a growing trend in the endpoint protection industry. It helps in eliminating network security gaps, reducing the costs and complexities associated with deploying and managing multiple endpoint protection solutions, and increasing the endpoint system performance.

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.

Endpoint Security Market size was estimated at over USD 4 billion in 2016, and to exceed USD 7.5 billion by 2024 with a CAGR of over 7% from 2017 to 2024.

Growth Drivers

• Need to manage and mitigate IT security risks
• Growing incidents of endpoint attacks
• Increasing penetration of mobile devices
• Increasing popularity of the BYOD trend

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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 endpoint protection market is projected to exhibit the fastest growth between 2017 and 2024. With the major focus on the digitization of economy in emerging countries including India and exploding penetration of smartphones and tablets and improving internet connectivity, the risk of malware attacks is being increasingly recognized in the region. Consequently, the adoption of endpoint security solutions in the region is expected to accelerate swiftly during the forecast timeline.

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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