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Endpoint Security: Surging Market Due to the Increasing Number of Mobile Workers and Consumers
Keeping organizations secure and maintaining the privacy of consumers is one of the oldest and prime concerns of the major security vendors. Using antivirus and firewalls was the most common method used by organizations and consumers to keep the data secure over Internet. But as the security threats are becoming sophisticated, so do the security needs, which has resulted into the technological advancement and development of innovative security products.
As the intruders have become smarter and are adopting new technologies to hack the network and acquire sensitive information, not only in corporate world but also in the social world; which has compelled the security vendors to develop new advanced security products and solutions. With the growing number of mobile workers and rise in internet penetration, the mobile devices are slowly becoming vulnerable to cyber threats. Popular business models such as BYOD (Bring Your Own Device), has accelerated the growth of mobile and portable devices such as smartphones, laptops, and tablets among employees to access the organization network from anywhere, anytime. This increment has resulted into the networks being highly vulnerable to various cyber-attacks and intruders. Many companies have come up with complete dedicated endpoint security suites to provide the best holistic endpoint security solutions. These security companies are concentrating on both enterprises and commercial consumers. Special packages are offered by many companies to provide better security, focused on the latest privacy issues pertaining to social network websites, such as Facebook, Twitter, LinkedIn, and others. Major security vendors are developing more sophisticated personal IDS/IPS services and better encryption technology for safer file transfer and email services to strengthen end users’ security and privacy. Virtualization and cloud-based deployment have helped to enhance the endpoint security availability and increase its commercial and business reach.
These growing trends have pushed the overall market of endpoint security solutions. The global market for endpoint securityis expected to grow from $10.03billion in 2014 to $14.53 billion by 2019, at an estimatedcompound annual growth rate (CAGR) of 7.7% from 2014 to 2019.
Endpoint Security Market [Security Suites, EPP, Anti-virus/malware, Firewall, IDS, IPS, Patch & Configuration Management, BYOD Security, Mobile Security, MDM, MAM, Endpoint Encryption] - Global Advancements, Forecasts & Analysis (2014 - 2019)
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