New York, NY -- (SBWire) -- 10/25/2017 --The uncompromising need to update security solutions on a regular basis continues to drive the demand for end-point security. Rising awareness regarding ransom-ware attacks also fuels the need to instate effective end-point security in a business. Persistence Market Research's latest report on the global end-point security market reveals that the market will reach an estimated value of US$ 27,830.3 Mn by the end of 2025.
The report, titled "End-Point Security Market: Global Industry Trend Analysis 2012 to 2016 and Forecast 2017-2025," projects that the global end-point security market will bring in a little over US$ 11,900 Mn in revenues by the end of 2017. During the forecast period, i.e. between 2017 and 2025, the global market for end-point security is expected to expand robustly at a CAGR of 11.2%. Increasing adoption of cloud technologies and growing demand for Software-as-a-Service (SaaS) business models are documented in the report as key drivers for the growth of global end-point security market.
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IoT and smartphone adoption booming in the APAC region
The emergence of IoT has significantly increased the demand for connected technologies such as smart vehicles, driverless cars, and Machine to Machine communication. The IoT network comprises a number of end-point devices that are ripe for picking by hackers leading to a compromise of critical and confidential organizational data. In addition to this, the Asia Pacific region has rapidly taken to mobiles as they are a convenient tool for both personal and professional use on a real-time basis. A new trend seen across the globe is Bring Your Own Devices or BYOD and the end-point security market has to adapt to this. This has increased the cyber security risk for personal devices as the devices access networks that may not be fully secure. Therefore, there is immense opportunity for the end-point security market to cater to these diverse requirements.
Enterprises moving towards Carry Your Own Devices (CYOD)
In this age of all-too frequent cyber-attacks, enterprises are facing potential breaches in security that targets end-point devices through several methods, one of which is e-mail. While BYOD increases employee comfort and convenience, it has led to undeniable security risks that could compromise critical organizational data. That is the reason enterprises are moving towards Carry Your Own Devices (CYOD) where organizations configure several security solutions that can be controlled and accessed by the IT department to reduce the chance of end-point security device attacks.
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End-Point Security – Regional Market Trends
In North America, government initiatives directed to combat security threats are promoting the use of end-point security solutions. Rising incidence of cyber security breaches across the US and Canada has compelled their governments to protect business organizations that put thousands of end-point devices such as tablets, smartphones into professional use.
Rapid business expansion in the Asia-Pacific region has spiked the use of end-point devices in organizations. Heavy usage of such devices and active adoption of IoT applications has increased complexity of enterprise networks in this region, making end-point security essential.
European countries such as the UK are progressively adopting end-point security solutions to eliminate spills of critical information. Europe continues to be a lucrative region for end-point security businesses as governments as well as private organizations in this region are regularly updating & upgrading their IT infrastructure.
Next-Generation End-Point Security Market Sizing and Forecast Through 2025