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What are the Future Growth Opportunities in Endpoint Security Market? | Key Companies: - Bitdefender, Cisco, Comodo, Cylance Inc., ESET, F-Secure Corporation, IBM, McAfee, Kaspersky Lab, Microsoft, Panda Security, Sophos, Symantec

03-05-2020 12:29 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
Endpoint Security Market

Endpoint Security Market

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.

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The Major Key Players in the endpoint security market are as follows:
1. Bitdefender
2. Cisco
3. Comodo
4. Cylance Inc.
5. ESET
6. F-Secure Corporation
7. IBM
8. McAfee
9. Kaspersky Lab
10. Microsoft
11. Panda Security
12. Sophos
13. Symantec
14. Trend Micro
15. VIPRE Security

As the threat of malwares is becoming exponential and cyberattacks are increasingly demonstrating how crippling their effect can be, the public sector is changing its approach towards endpoint security. Sectors like BFSI and healthcare have emerged as pivotal growth avenues for endpoint security market, as they have begun to deploy the system in the dynamically changing customer and patient scenario. In fact, the financial institution demands the maintenance of strong web security. Consequently, the BFSI sector has turned to employ multilayered security to provide robust solutions against impending threats.

Endpoint security has become a major layer of security as it is software based and is targeted towards user devices like laptops, computers, smartphones and tablets. Therefore, the government has also enforced stringent norms to protect financial data, urging institutions to adopt such a host-based solution. This indeed led the BFSI sector to hold the largest share in endpoint security market in 2016 and lay the groundwork for further progress over 2017-2024.

The healthcare sector has also faced threats from cybercriminals who have put patients' lives on the line by hijacking data and installing malware. The deployment of patient friendly devices for healthcare has created a challenge that required the deployment of robust endpoint security to maintain a safe IT ecosystem. As on today, the healthcare sector has to provide a seamless means of communication and collaboration among stakeholders. Not to mention, the rate of information flow and access has also risen at a commendable pace, increasing the risk of malicious content finding its way into the system. The criticality of endpoint security has thus been recognized to keep patient and stakeholder information safe in the healthcare sector, making it a viable avenue for endpoint security market.

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Moreover, other leading industry participants such as Microsoft, Kaspersky, Panda Security, IBM, Bitdefender, Comodo, and Trend Micro are continually expanding and upgrading their product portfolio through R&D programs to match up with the fluctuating dynamics of cyber-crimes. It is quite apparent from the aforementioned instances that the chief endpoint security market players have been making concerted efforts to innovate efficient and highly advanced products which would assist the revenue share of this business space to proliferate substantially over the ensuing years.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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