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70% of breaches originating at the endpoint and 35% are caused by existing vulnerabilities.
The global endpoint security market is estimated to grow at a CAGR of ~9% during the forecast period 2020-2025. The market growth is attributed to various factors such as growing internet penetration and improved connectivity coupled with increasing trend Bring Your Own Devices (BYODs) is anticipated to drive the industry demand; and increase in the incidents of security breaches and endpoint attacks in enterprises, the endpoint security system is anticipated to grow at remarkable growth in the coming years.
According to Palo Alto Networks, at the end of March 2020, around 40,261 suspicious registered domain names were identified. The cybersecurity market is continuously growing with the changing dynamics of the cyber threat landscape. In recent times, organizations are witnessing thousands of alerts and alarms related to suspicious activities, potential attacks, and new vulnerabilities that may occur both inside and outside the organizations. The inside risk is becoming increasingly vulnerable due to the rise in BYOD trends, remote working, and change in the adoption pattern of the Internet of Things (IoT); and the endpoint is the most fragile/weakest node in any network, as a result, it becomes an easy entrance for hackers.
The global endpoint security market is segmented on the basis of type, component, deployment model, and end-user. These major market segments are further categorized into various sub-segments to study the market in detail.
By Deployment Model:
Geographically, the global endpoint security market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. As per the studies, the Asia-Pacific garnered a high growth rate, owing to growth in a number of connected devices and increasing adoption of IoT technologies across different industries in the region which fuel the growth of the endpoint security solutions market over the forecast period. An increase in digitization across Asia-Pacific in major industries such as in the BFSI sector drives the demand for solutions. For instance, according to the Reserve Bank of India, the share of electronic transactions in the total volume of retail payments increased to 95.4% in 2018-19, up from 92.6% in 2017-18. Increasing adoption of electronic transactions boosts the demand for solutions like endpoint security solutions to help users with uninterrupted services insecure manner.
AhnLab, Inc., Avira Operations GmbH & Co. KG., Bitdefender, Carbon Black, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Comodo Group, Inc., Cylance Inc., ESET, FireEye Inc., Fortinet, Inc., F-Secure, IBM Corporation, McAfee, Inc., Kaspersky Lab., Microsoft Corporation, Panda Security, Sophos Ltd., Symantec Corp., Trend Micro Inc., VIPRE Security, and Webroot Inc. among others are included in the research study of the global endpoint security market.