North America is expected to dominate the endpoint security market between 2017 and 2024 owing to the widespread adoption of network security solutions in public and private sectors in the U.S. to mitigate the risks arising from frequent cyber theft attacks. In October 2015, the U.S. Government issued the Cybersecurity Strategy and Implementation Plan (CSIP), which aims to strengthen the federal cybersecurity infrastructure. Such initiatives are expected to boost the North America endpoint security market growth during the forecast period.
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Endpoint security market, tagged as a revolutionary subset of the smart technology space, seems to have garnered the status of a niche vertical in the recent years. This growth can be precisely attributed to the fact that malware attacks have gained ferocity in stealing identities, draining bank accounts and generally bringing services to a standstill. In May 2017 for instance, a colossal cyberattack sealed down files and badly affected businesses, government bodies and the National Health Service of UK.
On-premise deployment model dominated the endpoint security market in 2016 with a share of over 70%. As enterprises traditionally prefer to establish their IT security infrastructure on their premises to ensure safety and reliability, the on-premise deployment is the most preferred one. However, with the rapidly increasing popularity of cloud computing technology that offers high flexibility and scalability to deploy protection solutions over cloud networks, the market for cloud-based deployment model is expected to exhibit the fastest growth over the forecast period.
The healthcare sector in endpoint security market has also faced threats from cybercriminals who have put patients’ lives on the line by hijacking data and installing malware. The deployment of patient friendly devices for healthcare has created a challenge that required the deployment of robust endpoint security to maintain a safe IT ecosystem. As on today, the healthcare sector has to provide a seamless means of communication and collaboration among stakeholders.
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North America dominated the endpoint security market in 2016 and is projected to maintain the dominance throughout the forecast period, primarily due to large-scale deployment of malware protection solutions for strengthening network security of government and corporate IT networks. In February 2018, the U.S. Director of National Intelligence revealed that the United States cybersecurity in both the public and private sectors is at a continual risk and the country should expect cyber-attacks from various state and non-state actors.
The latest trends in cybercrime rely heavily on social engineering, using legitimate software as cyber weapon, ranging from spam to phishing. Leading endpoint security market players like Symantec, Kaspersky, McAfee, Microsoft, Trend Micro, Comodo, Cisco, and Panda Security are therefore continually upgrading and expanding their scope through research and development programs to keep pace with the changing dynamics of cyber threats.
Major Key Points from Table of Content:
Chapter 7.Endpoint security market, By Application
7.1.Endpoint security market share by application, 2016 & 2024
7.2.1. BFSI market estimates and forecast, by software, 2013-2024
7.2.2. BFSI market estimates and forecast, by service, 2013-2024
7.3.Telecom & IT
7.3.1. Telecom & IT market estimates and forecast, by software, 2013-2024
7.3.2. Telecom & IT market estimates and forecast, by service, 2013-2024
7.4.1. Retail market estimates and forecast, by software, 2013-2024
7.4.2. Retail market estimates and forecast, by service, 2013-2024
7.5.1. Healthcare market estimates and forecast, by software, 2013-2024
7.5.2. Healthcare market estimates and forecast, by service, 2013-2024
7.6.Government and public sector
7.6.1. Government and public-sector market estimates and forecast, by software, 2013-2024
7.6.2. Government and public-sector market estimates and forecast, by service, 2013-2024
7.7.1. Education market estimates and forecast, by software, 2013-2024
7.7.2. Education market estimates and forecast, by service, 2013-2024
7.8.1. Transportation market estimates and forecast, by software, 2013-2024
7.8.2. Transportation market estimates and forecast, by service, 2013-2024
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