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Global endpoint security market to hit $17.38 billion by 2020

Global endpoint security market to hit $17.38 billion by 2020

Endpoint security solutions secure endpoints and remote devices used in organizations from viruses, trojans, malwares as well as advanced threats, such as zero-day malwares and advanced persistent threats.

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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", is estimated to grow from USD 11.62 Billion in 2015 to USD 17.38 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 8.4% from 2015 to 2020.

Browse 71 market data tables and 51 figures spread through 132 pages and in-depth TOC on "Endpoint Security Market - Global Forecast to 2020"

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As the frequency of sophisticated endpoint attacks on enterprises is growing, the market is expected to gain traction in the next five years.

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The need to mitigate IT security risks will drive the endpoint security market

The major forces driving the endpoint security market are the need to mitigate IT security risks, growing Bring Your Own Device (BYOD) trends among organizations and increase in the frequency of endpoint attacks. As the businesses are growing, new and sophisticated threats such as zero-day malwares, trojans, and advanced persistent threats are created everyday putting company’s critical data at risk.

This has encouraged organizations 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

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. Endpoint device control solution is expected to play a key 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 vertical contributes maximum market share

The government and defense vertical is expected to contribute the largest market share in the endpoint security market. The Banking, Financial Services, and Insurance (BFSI) sector is expected to grow at the highest rate from 2015 to 2020, in the endpoint security market.

The market is also projected to witness growth in the healthcare, and IT and Telecom sectors during the forecast period.

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North America expected to contribute the largest market share, APAC to grow the fastest

North America is expected to have the largest market share and dominate the endpoint security market from 2015 to 2020, due to presence of a large number of security vendors. APAC offers potential growth opportunities, as there is a rise in the BYOD adoption rate among SMBs and enterprises who in turn are also implementing endpoint security solutions to defend against potential threats.

The major vendors in the endpoint security market include Symantec Corporation, Intel Security, Trend Micro, Sophos, and Kaspersky Labs among others.

The report covers detailed information regarding the major factors influencing the growth of the endpoint security market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, collaborations, and recent developments associated with the endpoint security market.

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