To 2024, Endpoint Security Market is estimated to Grow at the Highest Growth Rate | Top Key Players are ESET, F-Secure Corporation, IBM, McAfee, Kaspersky Lab, Microsoft, Panda Security

Endpoint security market is growing popularity of the BYOD trend in organizations around the world is also majorly contributing to the increased threat to enterprise networks for endpoint attacks. Tablets and smartphones have different capabilities, management interfaces, and operating systems. Hence, enabling centralized and consolidated network visibility is of utmost importance in BYOD environments.

Endpoint security market, tagged as a revolutionary subset of the smart technology space, seems to have garnered the status of a niche vertical in the recent years. This growth can be precisely attributed to the fact that malware attacks have gained ferocity in stealing identities, draining bank accounts and generally bringing services to a standstill. In May 2017 for instance, a colossal cyberattack sealed down files and badly affected businesses, government bodies and the National Health Service of UK. Unfortunately, NHS back then, was still using an outdated version of the Windows operating system, the consequence of which led to MHS paying a heavy ransom in the form of bitcoins to retrieve the files.

As budgets to improve client threat management witness an increase, endpoint security market outlook from the software segment is likely to undergo an even more positive transformation. It is prudent to mention however, that the success and effectiveness of endpoint security depends on the proper implementation and updation of the endpoint protection that has to combat with constantly evolving threats. This has consequently added a considerable boost to the service-based endpoint security industry share as well, which is likely to witness favorable growth over 2017-2024.

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

1. Bitdefender
2. Cisco
3. Cylance Inc.
4. ESET
5. F-Secure Corporation
6. IBM
7. McAfee
8. Kaspersky Lab
9. Microsoft
10. Sophos
11. Symantec
12. Trend Micro
13. Comodo

By Component
o Software
o Firewall
o Intrusion prevention
o Antivirus/antimalware
o Endpoint application control
o Encryption technologies
o Mobile device security
o Fleet management
o Service
o Training and consulting
o Maintenance and updates
o Managed service
By Deployment Model
o On-premise
o Cloud

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Asia Pacific Endpoint Security 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.

North America dominated the endpoint security market in 2016 and is projected to maintain the dominance throughout the forecast period, primarily due to large-scale deployment of malware protection solutions for strengthening network security of government and corporate IT networks. In February 2018, the U.S. Director of National Intelligence revealed that the United States cybersecurity in both the public and private sectors is at a continual risk and the country should expect cyber attacks from various state and non-state actors. Such consistent cyber threats are leading to increased deployment of endpoint protection solutions across the country.

The leading cyber security solutions provider is rightly touted as one of the most influential names in the global endpoint security market space having made a remarkable contribution to this sphere for over a decade now. The US based giant has recently unveiled a fully featured and its most advanced endpoint solution with an aim to bring together Endpoint Detection and Response (EDR), Mobile Threat Defense, intensive protection through advanced machine learning, and deception technology. Moreover, the latest solution is being described as the first of its kind across the endpoint security industry, as it delivers these features in a single form, lowers the overall costs, meets the challenges of the cloud generation by simplifying and improving security, and optimizes the environment of endpoint architecture. Concurrently, it would be prudent to mention that the new solution has been built on the firm’s Symantec Endpoint Protection (SEP) platform which is known to effectively tackle malwares and ransomwares.

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This revolutionary cyberattack which was later named WannaCry was an eye opener for the IT sector, which rapidly deduced that such attacks will only become more commonplace in the future if nothing definite and foolproof is done to thwart their onslaught. While numerous other incidences have served as focal drivers, this particular event was speculated to have a direct impact on endpoint security market trends.

The competition in the endpoint security market is primarily characterized by constant product innovation initiatives by companies to strengthen the endpoint protection against rapidly evolving types of malware. As thousands of new pieces of malware are created by attackers each day, the companies providing antivirus/antimalware solutions constantly update their detection tools with the latest security patches.

With consistently increasing stealthy, targeted, financially-motivated attacks aimed at exploiting vulnerabilities in endpoint devices, enterprises have become highly aware about employing a multilayered, seamless approach for endpoint protection. Signature-based antivirus and anti-spyware protection measures, which are traditionally used by enterprises are not sufficient to deal with constantly evolving cyber-threats today. Hence, the demand for advanced endpoint security solutions is consistently increasing among enterprise and government organizations.

Top key players operating in the endpoint security market are AhnLab, Inc., Bitdefender, Cisco, Comodo, Cylance Inc., ESET,F-Secure Corporation, IBM, McAfee, Kaspersky Lab, Microsoft, Panda Security, Sophos, Symantec, Trend Micro, and VIPRE Security.

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