Press Release

Visiongain Ltd.

Endpoint Security Market Report Up to 2031

October 20th, 2021 12:00 AM

Visiongain has published a new report on Endpoint Security Market Report to 2031: Forecasts By Component (Solution {Endpoint Protection Platform [Antivirus, Firewall, Intrusion Prevention, Encryption Technologies, Others], Endpoint Detection and Response}, Service {Managed Service, Professional Service}), By Deployment (On-Cloud, On-Premise), By Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), By Industry Vertical (BFSI, IT and Telecom, Healthcare, Manufacturing, Government & Defense, Retail & E-Commerce, Others). PLUS, Profiles of Endpoint Security Companies and Regional and Leading National Market Analysis. PLUS, COVID-19 Recovery Scenarios.

Endpoint security is an approach to protect endpoint devices from cyber security threats. The security solution prevents malware attacks, detects potential and prevalent malicious activity and provides remediation capabilities to the dynamic security incidents and alerts on the computer networks which remotely bridges to the client devices. Rising BYOD trend among enterprises and endpoint breaches and attacks are the factors driving the growth of the endpoint security market. The market seeks growth opportunities from increasing demand for securing IT infrastructure in the BFSI industry and the need for centrally managed administration & protection. However, concerns related to pirated solutions, data security & privacy concerns, and low awareness related to endpoint security solutions are some of the factors hampering the market growth during the forecast period.

Download Exclusive Sample of Report @https://www.visiongain.com/report/endpoint-security-market/#download_sampe_div

COVID-19 Impact on Endpoint Security Market

The spread of COVID-19 has affected the businesses and livelihood of the people at an unprecedented rate. Majority Countries have imposed nationwide lockdown to minimize the further spread of the virus. However, even during this pandemic, endpoint security solutions and services has witnessed a significant demand than ever. There has been an increase in the adoption of connected devices owing to the remote working initiatives taken up the commercial and government enterprises. Moreover, the rising number of cybersecurity concerns during the pandemic has also elevated the demand for endpoint security solutions. Though enterprises have limited the overall IT spending, the share of the expenditure on IT security has not been reduced or limited to thereby driving the market demand even during the pandemic.

Market Drivers

Rising BYOD Trend Among Enterprises

The BYOD trend has been witnessing a rise over the years. Using personal smartphones and tablets for work purpose becomes convenient for employees and in-expensive for employers. However, as more and more employee-owned devices are allowed, endpoint security solutions and BYOD security policies become essential. The risks related to endpoint security are invited from the employee-owned devices increases if the organization’s network infrastructure is not adequately secured. Endpoint security solutions such as encryption, antivirus, firewall mobile device management, and intrusion prevention among others help in offering the complete security keeping the enterprise data secured which is driving the market growth.

Rising Endpoint Breaches and Attacks

The number of cyberattacks is on the rise, and so is the complexity of the attacks. According to a study by Accenture, the number of security breaches has increased by 11% since 2018 and 67% since 2014. Endpoints are the weakest links in an enterprise network. With the increase in the number of connected devices, endpoint security threats are also on the rise. Phishing, hacking, and malware attacks are some of the most common endpoint security threats. Adoption of endpoint security policies ensures the security and safety of all the endpoint devices connected on an enterprise network, thereby protecting the sensitive enterprise data. Thus, rising endpoint breaches and attacks are driving the demand for endpoint security solutions and services.

Market Opportunities

Rising Demand for Securing IT Infrastructure in BFSI Industry

BFSI industry is witnessing a drastic digital transformation in the current years. Digitalization of customer data, insurance claims, and various banking services has made the sector a prime target for cyberattacks and other malicious activities. Moreover, the adoption of cloud platform and complex security infrastructure is expected to increase the risk related to cybersecurity. The endpoint security solutions are customized for the BFSI sector to protect the transactional servers, POS, and ATM kiosks.

The solution helps in securing valuable customer & enterprise data by providing security against ransomware, malware, and sophisticated APT. Thus, the demand for securing IT infrastructure in the BFSI industry is expected to drive the need for endpoint security

Need for Centrally Managed Administration & Protection

Businesses today are focussed on adopting digital strategies such as Cloud and IoT, among others to help boost productivity and sales. However, due to which, the overall IT infrastructure becomes complex and is increasingly exposed to security threats, thereby raising a need for centrally managed administration & protection for efficient management security of all the endpoints in an enterprise network. Endpoint security solutions enable the easy deployment, management, and monitoring of all the endpoint devices and ensure maximum safety. The solution offers real-time visibility of all the devices connected to the network and their security status on a single interactive dashboard along with features such as incident response, remediation, and administration optimization. Thus, the need for centrally managed administration & protection among enterprises is expected to create growth opportunities for endpoint security solutions and services in the forthcoming years.

Get Detailed TOC @https://www.visiongain.com/report/encryption-software-market/#download_sampe_div

Competitive Landscape

The endpoint security market is highly competitive. The key market players are focused on innovating its endpoint security solutions with advanced capabilities to cater to a wide application area. Furthermore, the companies also emphasize collaborations and acquisitions strategies to strengthen its market position. Some of the companies profiled in the report include Microsoft Corporation, CrowdStrike, Symantec Corporation, Trend Micro Inc., Sophos Ltd., McAfee, LLC, Kaspersky Lab, Cisco Systems, Inc., Palo Alto Networks, and Fortinet.

January 2020, Sophos Ltd. launched Intercept X, a new security solution for Chrome OS and mobile threat defense for Android and iOS device. The new solution protects the users from fleeceware applications that overcharge unsuspecting consumers for functionality widely available in other free or low-cost apps.

October 2019, Symantec Corporation launched a Symantec Endpoint Security solution. The new solution provides protection, detection and response in a single solution, as well as new attack surface reduction, threat hunting, and breach assessment and prevention capabilities across all major endpoints, including mobile devices.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere else
With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Endpoint Security Market and leading companies. You will find data, trends and predictions.

Find more research reports on the Cyber Security Sector; please click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: catherine.walker@visiongain.com

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports mean that you can have a bespoke piece of market intelligence customized to your very own business needs.

Contact:

Catherine Walker
PR at Visiongain Inc.
Tel: + 44 0207 336 6100
USA Tel: + 1 718 682 4567
EU Tel: + 353 1 695 0006
Toll Free: 00-1-646-396-5129
Email: catherine.walker@visiongain.com
Web: https://www.visiongain.com
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SOURCE Visiongain Limited.

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