Selbyville, DE -- (SBWIRE) -- 02/28/2019 -- The global endpoint security market is estimated to amass sizeable gains over the coming years owing to the growing prevalence of cyber-attacks along with massive technological innovations prevalent in the security domain.

Furthermore, industry players operating in the endpoint security market are continuously innovating and upgrading their solutions to face new and evolving security threats. Recently, Symantec announced new innovations and advancements in its endpoint security system portfolio built to defend even the most complex cyber-attacks. The recent updates will include Symantec endpoint application for control, isolation, cloud connect defense, and threat defense for active directory.

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Private and government networks with loopholes in security systems can be easily mutilated by cybercriminals. Numbers by the global customer cyberthreat data suggest that December 2018 alone witnessed an average of 43 ransomware attacks and 465 phishing attacks. Moreover, the Australian Signals Directorate revealed that it replied to 1097 cyber-attacks which affected unclassified and classified government networks in the past three financial years. Integrating robust cybersecurity solutions and systems with existing networks is one of the best practices any organization can implement to prevent cyber-attacks. Therefore, the growing demand for cybersecurity to protect IT infrastructure and organization's integrity will continue to foster the global endpoint security market growth.

Endpoint security market is projected to surpass USD 7.5 billion by 2024. A Network endpoint is a device where communications originate and where they are received. Endpoint security refers to the framework for securing various endpoints on a network that are typically addressed as end-user devices and include mobile devices, laptops, desktop PCs along with hardware such as servers in data centers. Endpoints are considered to be the weakest links in network security; hence, securing them plays a critical role in effectively strengthening the overall network.

The competition in the endpoint security market is primarily characterized by constant product innovation initiatives by companies to strengthen the endpoint protection against rapidly evolving types of malware. As thousands of new pieces of malware are created by attackers each day, the companies providing antivirus/antimalware solutions constantly update their detection tools with the latest security patches. Some of the key players operating in the endpoint protection market are, F-Secure, Webroot, Sophos, Ahnlab, IBM, Symantec, Bitdefender, Cisco, McAfee, ESET Microsoft, Kaspersky Lab, VIPRE, Trend Micro, Panda Security, and Comodo.

With consistently increasing stealthy, targeted, financially-motivated attacks aimed at exploiting vulnerabilities in endpoint devices, enterprises have become highly aware about employing a multilayered, seamless approach for endpoint protection. Signature-based antivirus and anti-spyware protection measures, which are traditionally used by enterprises are not sufficient to deal with constantly evolving cyber-threats today. Hence, the demand for advanced endpoint security solutions is consistently increasing among enterprise and government organizations.

The growing popularity of the BYOD trend in organizations around the world is also majorly contributing to the increased threat to enterprise networks for endpoint attacks. Tablets and smartphones have different capabilities, management interfaces, and operating systems. Hence, enabling centralized and consolidated network visibility is of utmost importance in BYOD environments.

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North America dominated the endpoint protection market in 2016 and is projected to maintain the dominance throughout the forecast period, primarily due to large-scale deployment of malware protection solutions for strengthening network security of government and corporate IT networks. In February 2018, the U.S. Director of National Intelligence revealed that the United States? cybersecurity in both the public and private sectors is at a continual risk and the country should expect cyber attacks from various state and non-state actors. Such consistent cyber threats are leading to increased deployment of endpoint protection solutions across the country.

Asia Pacific endpoint protection market is projected to exhibit the fastest growth between 2017 and 2024. With the major focus on the digitization of economy in emerging countries including India and exploding penetration of smartphones and tablets and improving internet connectivity, the risk of malware attacks is being increasingly recognized in the region. Consequently, the adoption of endpoint security solutions in the region is expected to accelerate swiftly during the forecast timeline.

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Related Report:

Endpoint Security Market Size, 2017 Market Research Report

Endpoint Security Market research report is added by Market Study report by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

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