End-point security market to see robust growth

June 20, 2017 //By Jean-Pierre Joosting
In its latest report, Persistence Market Research (PMR) forecasts that between 2017 and 2025, the global market for end-point security is expected to expand robustly at a CAGR of 11.2 percent. Further, the report projects that telecommunication, healthcare and banking will remain highly-attractive industrial verticals for end-point security during the forecast period.

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.

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. According to the report the global end-point security market will bring in a little over US$ 11,900 Mn in revenues by the end of 2017, and that the market will reach an estimated value of US$ 27,830.3 Mn by the end of 2025.

In North America, government initiatives directed to combat security threats are promoting the use of end-point security. 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 and upgrading their IT infrastructure.