World News: 14:15 GMT Thursday 6th December 2018. [Transparency Market Research via Globe Newswire via SPi World News]
Albany, New York, Dec. 06, 2018 (GLOBE NEWSWIRE) -- In a recent report by Transparency Market Research (TMR), the is expected to witness an intense competitive environment as the vendor landscape of the market is highly fragmented. This is because of the presence of a number of vendors on the basis of small-scale, regional, and also large multi-national scale basis. Owing to the intense environment of competition in the market, all players focus on making clear value and unique propositions so that each company can claim their product and service different from the rest. Apart from that, well-established companies are also putting more emphasis on acquiring small-scale vendors so as to enhance their portfolio.
There is rise in the number of security threats with the increase in the number of connected devices like phones, tablets and laptops along with other wireless devices used especially in business industries. Endpoint security protects computer networks. The main purpose of endpoint security is basically to ensure that all such devices are made to follow a particular set of compliance standards. This will thereby, protect the computer networks and improve the security period as well.
Some of the leading players in the global endpoint security market are IBM Corporation, Kaspersky Lab, Microsoft Corporation, Trend Micro, and Webroot.
As per the TMR reports, the global endpoint security market is anticipated to display a 14% CAGR within the forecast period of 2017 to 2026. The valuation of the market during the aforementioned forecast period is of US$ 40,000 Mn by 2026.
One of the major factors contributing to the growth of the global endpoint security market is the rise in adoption of unsegregated security suites. The players who provide integrated and converged security suites are more preferred by the end-users. An imperative buying criterion is being integrated with the rising complexity of network infrastructure. The provision of endpoint security solutions have therefore been commenced by all leading endpoint security vendors.
There is the urgent need to grow the ‘bring your own device’ or BYOD trend among various organizations so that the frequency of endpoint attacks can be increased. An important factor anticipated to boost the growth of the endpoint security growth is the need to diminish IT security risks. The market for endpoint security may proliferate in the coming years with the increasing adoption of cloud-based security solutions and rising demand for integrated endpoint security solutions.
In terms of geography, both Europe and North America are foreseen to be leading the endpoint security market in terms of revenue share. Among them, the European market will see a faster growth rate as compared to North America by the end of the forecast period. Besides that, Asia Pacific is also expected to witness profitable growth opportunities by the end of the forecast period. The growth of the market in Asia pacific for end-point security is assigned to the increasing trend of bring your own device and also the popularity surge in terms of cloud computing. Additionally, the increase in mobility is also providing assistance to the Asia Pacific market excluding Japan.
A significant challenge for the growth of the endpoint security market is the continuous failure of controlling cyberattacks. Enterprises look out for security patches in order to fix bugs; however, security officials are unaware of it most of the time. Therefore, the menace of cyber-attacks targeting end-point devices is still continuing, thus posing a threat to the global endpoint security market. Moreover, the continuous upgrade in technology has not been quite successful.
End-point security traders are putting more efforts in order to minimize the upcoming challenges that may arise as a result of using internet from personal device. This is being done by installing end-point security solutions like firewalls in devices like tablets and smartphones.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit BhiseyTransparency Market ResearchState Tower,90 State Street,Suite 700,Albany NY - 12207United StatesTel: +1-518-618-1030USA - Canada Toll Free: 866-552-3453: firstname.lastname@example.org:
Globe Newswire: 14:15 GMT Thursday 6th December 2018
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.