Enterprise Endpoint Security Market is Expected to Gain Traction for Next Five Years - Reports Markets and Markets
FREMONT, CA: Enterprise Endpoint Security market is estimated to be worth $17.38Bn by 2020 growing at a CAGR of 8.4 percent, says the recent report from Markets and Markets. The report found that the government and defense sectors will contribute the largest market share in the endpoint security market and North America region will dominate the endpoint security market with largest share from 2015 to 2020.
The report "Endpoint Security Market by Solution (Anti-Virus, Antispyware/Antimalware, Firewall, Endpoint Device Control, Intrusion Prevention, Endpoint Application Control), Service, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2020," covers detailed information on key factors influencing the growth of the endpoint security market, analysis of the key industry players, region that is having largest market share and recent developments associated with the endpoint security market.
Key Drivers for endpoint security market
According to the report, the key drivers for the endpoint security market include the need to mitigate IT security risks, growing brings your own device (BYOD) trend among organizations and increase in the frequency of endpoint attacks. The report suggests companies to deploy endpoint security solution to safeguard their endpoints and networks against potential cyber-attacks.
Endpoint device control solution to play a key role in the endpoint security market
The report says that anti-virus solution is expected to dominate the endpoint security market from 2015 to 2020 with the largest market share, due to growing demand for mobile and tablet anti-virus security solutions. It is found that endpoint device control solution plays a significant role in changing the endpoint security landscape and will grow at the highest growth rate during the forecast period as BYOD adoption in organizations will continue to increase.
Government and defense verticals share the major portion of the market
The major sectors taking the largest share in the endpoint security market are government and defense. The market is also expected to witness highest growth in Banking, Financial Services and Insurance (BFSI) sector during the forecast period.
North America dominates the market
It is expected that North America will dominate the endpoint security market with largest market share from 2015 to 2020. With the highest BYOD adoption rate, Asia-Pacific region offers potential growth opportunities.
Key Players The report unveils the major vendors in the endpoint security market to be Symantec Corporation, Intel Security, Trend Micro, Sophos, and Kaspersky Labs.