Global Endpoint Security Market Analysis 2024 By Key Players: Panda Security, Sophos, Symantec, Trend Micro, Microsoft, Kaspersky Lab, McAfee, IBM, F-Secure Corporation, ESET, Cylance Inc., Comodo, Cisco, Bitdefender, AhnLab, Inc., VIPRE Security

Endpoint Security Market in software segment is expected to maintain a major share over the forecast period owing to the large-scale installation of endpoint protection software solutions, such as antivirus/antimalware, to secure networks from breaches by malicious files and applications. As intrusion prevention systems offer threat protection against advanced targeted attacks with excellent accuracy, the adoption of such software is expected to increase considerably over the forecast timeline.

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Endpoint Security Market size is set to exceed USD 7.5 billion to grow at CAGR of over 7% from 2017 to 2024. 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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• IBM
• McAfee
• Cisco
• Comodo
• Cylance Inc.
• ESET
• F-Secure Corporation
• AhnLab, Inc.
• Bitdefender
• Kaspersky Lab
• Microsoft
• Panda Security
• Sophos
• Symantec
• Trend Micro
• VIPRE Security

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 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.

On-premise deployment model dominated the endpoint security market in 2016 with a share of over 70%. As enterprises traditionally prefer to establish their IT security infrastructure on their premises to ensure safety and reliability, the on-premise deployment is the most preferred one. However, with the rapidly increasing popularity of cloud computing technology that offers high flexibility and scalability to deploy protection solutions over cloud networks, the market for cloud-based deployment model is expected to exhibit the fastest growth over the forecast period.

SMEs especially can benefit largely from cloud-based protection solutions as they can avoid procuring costly infrastructure for managing their network security on-premise as well as receive upgraded and highly available solutions from the providers in the form of a flexible service.

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Asia Pacific endpoint security market is expected to exhibit the fastest growth between 2017 and 2024 owing to the increasing initiatives by government bodies to modernize and strengthen the IT infrastructure in countries including India and China. With growing awareness regarding the need for addressing malware security vulnerabilities, the adoption of protection solutions is expected to increase swiftly over the timeline.

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.

Browse Related Report: https://www.gminsights.com/industry-analysis/contact-center-software-market

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