Global Endpoint Protection Platforms (EPP) Market: Overview
Endpoints are presently at the forefront of securing every cyber protection program. Users take their cell phones, tablets, laptops, and other such portable gadgets around the globe, exposing them to varying levels of security risks and dangers. These gadgets need solid software programs that cannot be easily abused to serve as starting points for cyber threats or attacks.
Surging occurrences of cyber-attacks and breaches on company endpoints are frequently reported around the globe. Cyber breaches and attacks have become more advanced over the past years. To counter these attacks, the undertaking of endpoint protection platforms is playing a pivotal role for establishments.
Work-from-home (WFH) or remote working is definitely not a new system or a concept. Although it existed in the pre-pandemic era, the pandemic set it forth on a relatively larger scale and has caused a gigantic spike in “bring your own device” (BYOD) method. Today, when organizations are empowering BYOD, they are additionally preferring the execution of agent-less safety methods that secure corporate information on individual gadgets. Organizations are targeting on network safety and it is estimated that the critical capacities of endpoint protection platforms will develop when paired with BYOD.
Global Endpoint Protection Platforms (EPP) Market: Growth Factors
A vast number of organizations are adopting state-of-the-art endpoint security software or programs to fulfill the expanding demand from end-use sectors. The union of endpoint security framework and program is the central upcoming trend in the global endpoint protection platforms (EPP) market. This empowers the organization to control the endpoint security elements on the same hardware. With the surging demand for newer and more advanced security technology, the endpoint protection platforms market is witnessing alluring opportunities for development.
Moreover, the emergence of virtualization, a procedure of taking hardware objects including network gear & servers and changing them into software-based alternatives, is anticipated to enhance endpoint security solutions. Virtualization partitions physical systems into virtual machines, which requires coordinating endpoint affirmation.
Coordinated cyber breaches & attacks and modern day viruses & malware continue outsmarting the traditional security solutions and commerce off-host computers. Being immovably fixed on the computer space, endpoint protection platform services and computer programs are defenseless against such advanced threats. This has further created a need to build ultra-modern systems and update the existing framework, thus boosting the demand for global endpoint protection platforms (EPP) market.
Additional layers of endpoint security solutions for protection against risks and different malwares are being provided by organizations as a portion of their security framework. Surging reliance on the Internet is prompting high security hazards like phishing and stealing of information. This is expected to additionally propel the necessity for securing the web, thereby invigorating the development of the global endpoint protection platforms market.
Various IT organizations have observed a critical downturn because of the COVID-19 episode. Because of limitations forced by the governments to contain the spread of the infection, organizations had no real option except to embrace remote working technology. This made a gigantic impact, as it utilized the customary endpoint security to its maximum capacity. Thus, the spread of COVID-19 has created opportunities for the hackers to spread malware and cause cyber breaches & attacks. Consequently, because of COVID-19, the demand for endpoint security platforms is on the ascent. The endpoint protection platforms market concerns are brought about by the higher threats of cyber-attacks that originated from the remote employees.
The endpoint protection platforms market size is projected to grow at a quickened pace this year. Moreover, according to surveys, numerous organizations have proclaimed that they will prefer their workforce to work distantly even after the COVID-19 pandemic ends, which will augment the demand for endpoint protection platforms in coming years.
Global Endpoint Protection Platforms (EPP) Market: Segmentation
The global endpoint protection platforms (EPP) market has been segmented on the basis of solution, deployment mode, enterprise size, and region. Based on solution, market has been bifurcated into endpoint protection platform (EPP) and service, which is further categorized into professional services (such as training & education, security consulting, and support & maintenance) and managed service. By deployment mode, the market has been classified into on-premises and cloud-based. Based on enterprise size, the global endpoint protection platforms (EPP) market has been divided into SMEs and large enterprises.
Global Endpoint Protection Platforms (EPP) Market: Regional Analysis
North America is predicted to claim the largest share in the global endpoint protection platforms (EPP) market, whereas Asia Pacific is anticipated to develop at the highest CAGR during the upcoming timeframe. The high development rate in Asia Pacific can be credited to associations in the region utilizing opportunities to make the most of the adversity. They have been focusing on the deliverance of high-end technology to reduce risks associated on the business endpoints instead of merely meeting the compliances. Furthermore, this region has the largest utilization of smartphones and other portable devices that are ineffective against endpoint breaches and attacks.
Global Endpoint Protection Platforms (EPP) Market: Competitive Players
Some of the key players operating in the global endpoint protection platforms (EPP) market include Kaspersky, Cisco Systems, Carbon Black, CrowdStrike, F-Secure, Palo Alto Networks, McAfee, and Microsoft.
Global Endpoint Protection Platforms (EPP) Market: Regional Segment Analysis
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