Press release
Endpoint Security Market to grow from a market value of USD 10.18 billion to USD 17.92 billion by 2023| Key Vendors - Cardon Black Technology Inc., Cisco Systems, Cylance Inc., McAfee Inc., CrowdStrike Inc., Trend Micro Inc., FireEye Inc. and SentinelOne
Market Analysis:North America to hold the Largest Market Share
North America is the major hub for all the major enterprises in the world. The expansion of the retail sector and the growth of IoT are driving the demand for smart devices and mobiles in the region.. Moreover, the rise in the number of portable smart devices has led to an increase in the number of endpoints, which has augmented the number of security breach.
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With the rapid growth in the number of cyber-attacks, the demand for strict acquiescence and security packages, to protect confidential data across different verticals, such as government, banking, retail, and manufacturing among others, is increasing and expected to drive the growth of the endpoint security market. Also, a number of companies are realizing the importance of being equipped with high-quality security solutions. Further, the rising adoption rate of various cloud applications, in particular email, is leading many organizations to opt for cloud security solutions. Therefore, the market is likely to witness a healthy growth. With the advancements in the mobile technology, mobile endpoint security solutions need to manage the current mobility environment, with a mix of mobile endpoints, operating systems, and other personal data without compromising the user experience, privacy, and data.
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Market Segments:
Endpoint Security Market is segmented by:
1. End-User: Consumer, Business (BFSI, Government, Manufacturing, Healthcare, Energy and Power, Retail, Others)
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• October 2017 - McAfee announced the integration of advanced analytics to increase the efficiency of security operation center and protect endpoints and cloud.
• December 2017 - VMware partnered with Carbon Black, to offer a new joint data center security solution that combines VMware AppDefense and CB Defense, to offer a unique solution for stopping threats concentrated on applications inside a data center.
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