As per a recent report, organizations have reported more than 15% of endpoint attacks as compared to the last year. Fortune Business Insights in a report, titled “Endpoint Security Market Size, Share and Global Trend By Component (Software, Services), By Deployment (On-Premise, Cloud), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By End-Use Industry (BFSI, Telecom & IT, Retail, Healthcare, Government & Public Sector, Transportation, and Others) and Geography Forecast till 2026” predicts that the market is anticipated to exhibit a CAGR of 8.4% through the forecast years. The market was valued at US$ 5,304.5 MN in 2018 and is projected to reach US$ 10,026.9 MN by 2026. Increasing number of data breaches in organizations is propelling growth in the market. Moreover, rising number of unknown and new attacks regarding endpoint networks is compelling organizations to adopt endpoint security systems, thus increasing the endpoint security market share.
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Among regions, North America is anticipated to lead the global endpoint security market during the forecast period. The market was valued at US$ 2,121.2 Mn in 2018. This increasing growth is attributable to the presence of well-recognized players in the region. In addition to this, the increasing deployment of internet of things (IoT) devices across several industries is a potential growth contributor. The rising support from the U.S. Federal government manages cybersecurity policies to support agencies improve the resiliency and safety of government’s networks and systems.
Following North America, Europe is expected to grow at a healthy CAGR during the forecast years. Majority of the endpoint security market revenue is expected to come from Germany, France, and the U.K. As these countries are increasingly adopting endpoint security solutions. The market in Asia Pacific is estimated to grow at a rapid pace owing to the rising adoption of endpoint security devices across organizations. The rising awareness about endpoint security software in small and medium scale enterprises is propelling the endpoint security market growth.
Healthcare Institutions to Install Endpoint Security Systems to Counter Increasing Cyberattacks
Several organizations are allowing their employees to bring their own devices. The increasing trend of ‘BYOD’ is creating threat to security in work areas and creating a risk to security. Considering this, endpoint security tools play a crucial role by eliminating the risk of security threat.
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