According to study, “Global Cloud Endpoint Protection Market Size study, by Component (Antivirus, Anti-Spyware, Firewall, Endpoint Device Control, Anti-Phishing, Endpoint Application Control and Others) by Service (Managed Services, Training, Consulting and Integration and Maintenance and Support) by Organization Size (Small and Medium-Sized Enterprises and Large Enterprises) by Vertical (Banking, Financial Services, and Insurance, IT and Telecom, Healthcare, Manufacturing, Education, Retail, Media and Entertainment, Government and Defense and Others) and Regional Forecasts 2018-2025” the key companies operating in the global cloud endpoint protection market are Cisco Systems, Bitdefender, Symantec, Palo Alto Networks Inc., Sentinelone, Sophos Ltd.,Carbon Black, McAfee LLC, Cososys, Fortinet, Malwarebytes, Avast Software S.R.O.,F-Secure Corporation, Trend Micro Inc., Kaspersky Lab, Eset, Vipre Security, Webroot, Panda Security, Commvault, Crowdstrike, Fireeye,K7 Computing.
Protecting users and their devices is critical for the organizations of all sizes. For businesses with limited IT staff, endpoint protection and control over all user connected devices such as desktops, laptops, tablets & smart phones which can be a discouraging at times. However, use of endpoint protection cloud is an easy to use security-as-a-service which protects and manages PC, Mac, mobile devices and servers from a single console, making it perfect solution for organizations with limited IT security resources.
Based on solution, cloud endpoint protection market is segmented into antivirus, firewall, anti-spyware, endpoint device control, endpoint application control,anti-phishing, and others.Endpoint device control segment is the fastest growing service owing to rise in adoption of removable media for instance hard-drives, CD, I-Pod, USBs, and others that possess data loss to the company. Based on services, market is segmented into training, consulting and integration,managed services, and maintenance & support. Based on organization size, market is segmented into large enterprises and small & medium enterprises (SMEs). In addition, based on vertical, market is segmented into Banking, Financial Services, and Insurance (BFSI), healthcare, manufacturing, IT &Telecom, education, retail, government & defense, media & entertainment, and others.
The cloud endpoint protection market is driven by rise in demand for cost-effective alternatives for on-premises security deployment, followed by growth in number of breaches & attacks on endpoints, rise in preference for cashless transactions, increase in digitalization, rise in data security concerns, and increase in the number of endpoint devices. However, skepticism regarding cloud-based security and rise in use of free or pirated endpoint protection solutions may impact the market. Moreover, rise in demand for integrated endpoint security solutions and growth in demand for securing IT infrastructure in the media & entertainment vertical are key opportunities for market.
Based on geography, the North-American region dominates the cloud endpoint protection market owing to rise in government initiatives, growth in adoption of cloud endpoint protection services, rise in use of Internet of Thing (IoT) applications and increase in number of enterprise endpoints & mobile devices in the region. The European and Asian-Pacific regions are likely to exhibit highest growth rate due to rise in investments and growth in technological advancements over the forecast period. It is estimated that future of the market will be bright as a result of rise in need for effective protection against cyber-attacks on endpoints during the forecast period. It is anticipated that the market will be reached at US $2292 million by 2025.
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Ankur Gupta, Head Marketing & Communications