Pune, Nov. 10, 2020 (GLOBE NEWSWIRE) — The global endpoint security market size is projected to reach USD 22.40 by the end of 2027. The increasing adoption of BYOD and the rising integration of cloud platforms in these devices will lead to wider product adoption across the world. According to a report published by Fortune Business Insights, titled “Endpoint Security Market Size, Share & COVID-19 Impact Analysis, By Component (Software, and Services), By Deployment (Cloud, and On-Premises), By End-user (Commercial, Consumer), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Industry (BFSI, IT and Telecommunications, Retail, Healthcare, Government & Public Sector, Transportation, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 11.96 billion in 2019 and will exhibit a CAGR of 8.2% during the forecast period, 2020-2027.
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Endpoint security is a concept that refers to securing all endpoints or devices that are connected over a network. The increasing number of cyber-attacks and malicious threats across the world has created a huge awareness of the adoption of endpoint security. The growing use of online solutions and platforms such as cloud leaves organizations exposed to cyber threats. The massive investments in the integration of efficient endpoint security solutions will emerge in favor of market growth. The use of concepts such as AI and IoT will lead to wider product adoption across the world. The presence of several large scale companies will subsequently emerge in favor of market growth. The increasing smartphone penetration, coupled with the increasing number of interconnected networks across the world will have a positive impact on the growth of the overall market in the coming years.
Increasing Trend of Work from Home among IT Organizations across the World during the Covid-19 Pandemic will Aid Growth
The recent coronavirus outbreak has had a drastic impact on several businesses across the world. The measures taken to curb the spread of the disease have ultimately affected businesses across all brackets. Due to the hesitancy among people and the Rapid spread of the disease, organizations are looking to implement work from home policies for their employees. The increasing adoption of cloud networks driven by the rising implementation of work from home policies by IT organizations across the world will lead to wider product adoption. The rapid spread of the disease has not just encouraged companies to implement work from home policies during the pandemic but also after the pandemic is over.
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The report encompasses several factors that have contributed to the growth of the market in recent years. …
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