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Endpoint Security Market size to rise at a whopping 7% CAGR to 2024

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Asia Pacific Endpoint Security Market is anticipated to grow at the fastest rate during the forecast period.

— According to Global Market Insights, Endpoint Security Market size is anticipated to be over USD 7 billion by 2024 growing at a rate of over 7% during the forecast period. Endpoints are the weak links in enterprise networks, which make it critical to protect them for securing the entire network. The growing incidents of data breaches, cybersecurity threats, and changing regulations are estimated to increase the investments in security systems across all industrial segments. Moreover, industries, such as governments, financial institutions, and IT & telecommunication, have invested heavily in the technology.

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Endpoint security market is driven by rising events of cybersecurity attacks on the IT networks globally have increased the awareness and implementation of endpoint security solutions. Data breaches, malware, and ransomware attacks are the primary challenges for every enterprise. Around one million new malware programs are created by cyber attackers every day. The protection of sensitive organizational data as well as customer related data is a major concern for enterprises relying on the IT infrastructure for operational processes, which is increasing the demand for security solutions. Also, the growing popularity of the Bring Your Own Device (BYOD) trend among enterprises is adding additional endpoints in enterprise networks, increasing their vulnerability toward cyber-attacks.

The software segment accounted for around 83% share in the endpoint security market in 2016 due to the growing installation of software solutions such as antivirus, defender, intrusion prevention systems, and antimalware. The software solutions are installed to protect networks from data breaches by unauthorized users and malicious files & programs. The service market is anticipated to witness a good growth during the forecast period as supporting services offer timely advancements and maintenance updates to ensure optimal protection from continuously-evolving threats.

The on-premise deployment model held around 73% share, dominating the endpoint security market in 2016. The companies prefer on-premise model as they want established IT security infrastructure on their premise to ensure protection and reliability. However, cloud computing technology is rapidly gaining market share due to its popularity among industries. It is adopted by enterprises and government institutes due to high flexibility and scalability in the implementation of security solutions. Cloud-based models provide the latest versions for upgrading endpoint security products, which will fuel the market growth. SMEs are expected to majorly deploy cloud-based endpoint protection systems to benefit from the cost-effective virtual infrastructure.

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The BFSI segment held 23% share in the endpoint security market in 2016. The largest market share is attributed to strict government regulations globally demanding a high level of protection for customers’ data handled by IT networks of financial institutions. The market is expected to grow consistently during the forecast period due to an increase in demand for securing network endpoints from cyber-threats as they are highly vulnerable toward data-breach attacks aimed at extracting sensitive financial information.

North America dominated the market with around 52% share in 2016. The endpoint security market growth is attributed to the rising implementation of network protection solutions in government and private sectors in the U.S. The system is adopted to avoid the risks arising from frequent cyber-attacks. The Asia Pacific endpoint security market is anticipated to grow at the fastest rate during the forecast period due to various factors, such as the advancements in the IT infrastructure and the rising risks of cyber-attacks, in APAC countries including India, Singapore, China, and South Korea. Furthermore, the increasing use of the technology for improving the national defense IT & Communication infrastructure in APAC economies is estimated to contribute to the endpoint security market growth. Moreover, an increasing awareness about the necessity for addressing ransomware attacks is also expected to contribute to the market growth over the forecast timeline.

Some of the key players offering products and services in the endpoint security market are McAfee, Microsoft, Symantec, Bitdefender, F-Secure, IBM, Cisco, ESET, Kaspersky Lab, VIPRE, Sophos, AhnLab, Trend Micro, Webroot, Comodo, and Panda Security.

Browse key industry insights spread across 380 pages with 1032 market data tables & 14 figures & charts from the report, “Endpoint Security Market Size By Component (Software [Firewall, Intrusion Prevention, Antivirus/Anti-Malware, Endpoint Application Control, Encryption Technologies, Mobile Device Security], Service [Training & Consulting, Maintenance & Updates, Managed Service]), By Deployment Model (On-premise, Cloud), By Application (BFSI, Telecom & IT, Retail, Healthcare, Government & Public Sector, Education, Transportation), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Singapore, Philippines, Malaysia, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2017 - 2024” in detail along with the table of contents:

Table of Contents (ToC) of the report:

Chapter 2. Executive Summary
2.1. Endpoint security industry 360º synopsis, 2013 - 2024
2.1.1. Region trends
2.1.2. Component trends
2.1.3. Deployment model trends
2.1.4. Application trends

Chapter 4. Competitive Landscape, 2016
4.1. Introduction
4.2. Competitive analysis of market players
4.2.1. Symantec
4.2.2. Trend Micro
4.2.3. Kaspersky Lab
4.2.4. McAfee
4.2.5. Sophos
4.2.6. Bitdefender
4.2.7. ESET
4.2.8. Microsoft

Chapter 6. Endpoint Security market, By Deployment Model
6.1. Endpoint security market share by deployment model, 2016 & 2024
6.2. On-premise
6.2.1. On-premise market estimates and forecast, by region, 2013-2024
6.3. Cloud
6.4. Cloud market estimates and forecast, by region, 2013-2024

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About Global Market Insights

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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Name: Arun Hegde
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Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688

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Source: MarketersMedia

Release ID: 88898954

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