November 15, 2021
According to the research report titled, ‘Endpoint Security Market Size By Component (Software [Firewall, Intrusion Prevention, Anti-virus/ Anti-Malware, Endpoint Application Control, Encryption Technologies, Mobile Device Security] Service [Training and Consulting Service, Maintenance and Updates Managed Service]), By Deployment Model (On-premise, Cloud), By Application (BFSI, Telecom & IT, Retail, Healthcare, Government and Public Sector, Education, Transportation), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026,’ available with MarketStudyReport, global endpoint security market is expected to amass notable gains during 2020-2026.
Rising instances of cyberattacks and data breaches, increasing focus to manage and mitigate IT security risks, and surging penetration of mobile devices are propelling the growth of global endpoint security market.
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For the unversed, endpoint refers to any device which is physically an end point on a network. Mobile phones, tablet, desktops, servers, laptops, and virtual environments are all considered as endpoints. Essentially, endpoint security secures the aforementioned devices to make them less prone to unauthorized access and cyberattacks.
Growing popularity of BYOD trend is further augmenting industry outlook. On the contrary, rising preferences towards free endpoint security solutions and dearth of IT resources and in-house expertise are likely to impede market progression in the ensuing years.
In terms of component type, the market in divided in software and service. Based on software, the anti-virus/anti malware sub segment captured a market share of 20% in 2019 due to increasing BYOD trend.
With respect to service ambit of global endpoint security market, the maintenance & updates segment is anticipated to exhibit a CAGR of 15% over the analysis timeline ascribing to escalating demand outsourcing security of enterprise endpoint devices.
By application, the IT & Telecom segment is projected to hold a market share of 20% over the forecast duration owing to high number of connected devices.
Regionally speaking, Asia Pacific market is poised to expand at a CAGR of 10% over 2020-2026 accreditable to growing digitalization across India and China. Moreover, the region comprises 60% of the world’s population and is emerging as a major digital hub, which in turn is creating high opportunities for growth and innovation in the field.
Key players operating in global endpoint security market are Webroot Inc., Trend Micro Inc., Symantec Corporation, Sophos Group Plc, Panda Security SL, Microsoft Corporation, Kaspersky Lab JSC, McAfee Corp., International Business Machines Corporation, F-Secure Corporation, Fortinet Inc., FireEye Inc., ESET spor s.r.o, Cylance Inc., Comodo Security Solutions Inc., Cisco Systems Inc., Check Point Software Technologies Ltd., and Carbon Black Inc.