Endpoint protection platform solutions have become highly sought-after especially since an increasing number of companies are adopting “Bring your own device (BYOD)” approach. According to a new study by Future Market Insights (FMI), this will create lucrative prospects for the expansion of the endpoint protection platform market.
Cases of cyber-attacks have been rising consistently. With organizations around the world adopting remote-working model, especially to contain the spread of COVID-19, cyber-security has become more vulnerable than ever before.
Endpoint protection platforms provide security and protect electronic devices from malware attacks and data breaches. They are used to protect a number of electronic devices such as smartphones, laptops, computers, tablets, and other. Organizations have begun investing in endpoint protection platforms to avoid breaches and ensure privacy and protection of information.
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Key Takeaways from the Endpoint Protection Platform Market Report
The endpoint protection platform market is expected to grow at a CAGR of 10% between 2020 and 2030
The market is projected to reach a valuation of US$ 7.8 Bn value by the end of 2030
The demand for endpoint protection has increased in the finance and health industry because they have been focusing on digitizing data
Growth witnessed in the South Asia & Pacific market is expected to be considerably high, yet North America is likely to remain dominant throughout the forecast period
Increasing instances of breaches and cyber-attacks on corporate endpoints are regularly reported around the world. According to the 2018 State of Endpoint Security Risk report by the Ponemon Institute, end points are easily used as gateways for cyber-attacks.
Some of the key players in the endpoint protection platforms market are Carbon Black, Intel Corporation, New Net Technologies LLC, Palo Alto Networks, Microsoft, Cisco Systems, McAfee, Symantec Corporation, GoSecure Inc, Trend Micro Inc., Druva Inc., Sophos Ltd., F-Secure, Kaspersky, FireEye, CrowdStrike, Fortinet and Check Point Software Technologies.
Key Segments
Solution
- Endpoint Protection Platform (EPP)
- Service
- Professional Service
- Security Consulting
- Training and Education
- Support & Maintenance
- Managed Service
Deployment Mode
- On-Premises
- Cloud-Based
Enterprise Size
- SMEs
- Large Enterprises
Industry
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Retail and eCommerce
- Energy and Utilities
- Manufacturing
- Education
- Others
Regional Outlook
- North America – US and Canada
- Latin America – Brazil, Mexico, Rest of Latin America
- Europe – Germany, Italy, France, Spain, U.K, BENELUX, Russia, and rest of Europe
- East Asia – China, Japan, and South Korea
- South Asia and Pacific – India, Thailand Indonesia, Malaysia, Australia & New Zealand and rest of South Asia and Pacific
- Middle East and Africa – GCC Countries, South Africa, Turkey, and rest of Middle East and Africa
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Key Questions Answered in the Report
- At what CAGR endpoint protection platforms market is the forecast to grow?
The global endpoint protection platforms market is forecast to rise at 10.0% CAGR between 2020 and 2030.
- endpoint protection platforms?
North America currently holds dominance backed by surging demand for endpoint protection platforms due to growing cybercrimes in economies like US and Canada.
- What is the outlook on the endpoint protection platforms market?
Due to COVID-19, the endpoint protection platforms market will observe an upsurge in demand for endpoint protection platforms. The growth is attributable to the increased number of cybercrimes as working remotely became the choice due to COVID-19.
- What are the key challenges witnessed in the endpoint protection platforms market?
The lack of skilled professionals to operate advanced endpoint protection platforms, evolution of malware threats and attack tactics faster than that protection capabilities, and existence of security products like antivirus and anti-malware are some of the factors hampering the growth of the endpoint protection platform market.