Endpoint Security Solutions Market Industry Size, Segments Overview, Business outlook, Trends, Global Forecast 2029
VALLEY COTTAGE, N.Y. – End user possesses one of biggest risk to the security as they have access to the most valuable information. Therefore, companies around the world are adopting endpoint security solutions for the purpose to secure the vast company network. Endpoint security solutions protects the endpoint compliance with data security standards and aims to secure every endpoint connecting to an interface. The increasing number of threats such as viruses, malware, data loss, and inbound network intrusion attempts is one of the key factors driving the growth of endpoint security solutions market. Moreover, the cloud generation and its need to access data everywhere and on every devices, is creating opportunities for attackers to compromise endpoints and infiltrate networks. Therefore, due to the rising adoption of cloud technology, the need for endpoint security solutions is increasing rapidly.
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The demand for endpoint security solutions is increasing with the growing security risks in multiple industries applications. The rapid increase in cyber-attacks and data breach incidents on government and private networks across the world has resulted in the increased alertness and acceptance of endpoint security solutions. Moreover, the constant growth of the mobility trend is also creating potential growth opportunities for endpoint security solutions market.
Endpoint Security Solutions Market: Market Dynamics
Rising Trend of BYOD
The boost in number of mobile devices and smart devices is creating huge demand for endpoint security solutions which further is expected to drive the growth of endpoint security solutions market. Moreover, the growing trend of BYOD (Bring-Your-Own-Device) is also one of the major factors propelling the growth of endpoint security solutions market. In addition to this, the growing data breaches cases globally is forcing enterprises to adopt more decentralized and edge-based security techniques which, in turn, the bolstering the demand for endpoint security solutions.
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Rise in number of security threats
The continuous increase in number of security threats with the increase in number of connected devices such as mobile, tablets, and laptops especially in the business industries is creating the need for endpoint security solutions. Moreover, the rise in adoption of unsegregated security suites by enterprises is one of the key factors driving the growth of endpoint security solutions market. Furthermore, one of the important factor expected to boost the growth of the endpoint security solutions growth is the need to diminish IT security risks.
One of the biggest challenges for endpoint security solutions market is lack of awareness about cybersecurity. Also, increasing use of pirated endpoint due to budget concerns is one of the key factors hampering the growth of endpoint security solutions market.
Endpoint Security Solutions Market: Competition Landscape
Most of the leading players in the endpoint security solutions market are focusing on acquiring small and regional players in the endpoint security market in order to enhance customer base and geographic reach. For instance, in February 2019, Symantec has announced the acquisition of Luminate, a privately held company which offers software defined perimeter technology, in order to extend the power of integrated cyber defense in the cloud generation.
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Endpoint Security Solutions Market: Regional overview
On the basis of regions, North America is expected to have substantial market share in endpoint security solutions market, due to presence of large number of endpoint security solutions provider in the region. Europe and Asia Pacific are expected to offer impending growth opportunities for endpoint security solutions market, owing to the rise in BYOD adoption among Small and medium enterprises which is turning them towards endpoint security solutions to defend against potential threats.
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