This industry is seeing rapid growth thanks to the increased demand for IT security. Companies now emphasize risk management policies. This includes establishing a formal, documented risk management framework, assimilation of responsibility, effective communication and consultation, and maintaining and updating the risk management capabilities. Endpoint security solutions are needed because of the increased use of BYOD during the COVID-19 crisis.
Many enterprises now have a bring-your-own-device (BYOD) policy that allows employees to be flexible. Since few organizations provide sufficient security, attackers often target employers’ devices. According to the 2018 SANS Survey on Endpoint Protection (SANS Survey on Endpoint Protection), 45% of organizations had employees’ devices covered under their security management.
New Updates: Technology Advancement Spurs Growth in Global Endpoint Security Market
The McAfee Mobile Threat Report of 2019 also revealed that hackers have the ability to access internal data using sophisticated smartphones. As such, it is crucial to monitor all internal activities to protect the company’s private data. Due to increased usage of remote location servers and smartphones as well as connected devices, endpoints are on the rise. Increased endpoints can lead to increased attacks and data breaches. Endpoint security solutions can protect all endpoints and keep track of devices and malicious activities. This will lead to a greater market share for endpoint security as more people adopt the BYOD strategy.
Market growth could be limited by a lack of skilled laborers. Although endpoint solutions are designed to protect organizations from different attacks, certain market factors can still limit their growth. Many companies struggle to hire qualified personnel to support security systems. Particularly for small and medium-sized businesses, the cost of training technical staff is high. McAfee’s 2018 Cyber security Talent Report 2018 shows that cybersecurity professionals find hiring difficult. Gartner also noted that there are increasing skill gaps due to the rapid development of digital solutions. This will likely slow down the adoption of endpoint security solutions. These obstacles can be overcome by companies undergoing regular training in digital skills.
Healthcare will grow the market significantly over the forecast period. Cyber-attacks have become more sophisticated, costlier, and purposeful. The cyber threat to the healthcare sector must be managed. Seeing as healthcare is in a transition period, it is essential to have a secure IT infrastructure.
Endpoint security products that cannot protect endpoints against increasing threats like advanced attacks, fileless malicious code, and evasive threats, need to be improved. Lack of visibility is closely tied to the lack of threat defense for endpoints.
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Healthcare workers are using more connected devices, so information sharing is rising. It is also increasing the possibility of the endpoint. ETNO reports show 2.79 million IoT-connected healthcare devices were found in the EU region during FY2019. Endpoint security offers extra protections beyond that offered by antivirus software. For healthcare security endpoint security, special protections may be necessary. Wi-Fi security may also be required as hackers might use unprotected WiFi networks to hack into medical devices.
Recent Developments
- The company launched Microsoft’s endpoint platform in May 2019. It offers Intune and configuration management functions as well as other Microsoft services. Endpoint managers allow enterprises to manage multiple devices used daily by employees.
- Broadcom, a global tech supplier of semiconductors, infrastructure software, and other technologies, bought Symantec Enterprise Security Business in August 2019. By integrating Symantec Enterprise Security Portfolio with Broadcom’s existing solution portfolio, Broadcom’s infrastructure-software footprint will significantly increase.
- Symantec bought Javelin Networks, a software company offering protection from Active Directory-based attacks, in November 2018.
- Trend Micro launched XGen Endpoint Protection in October 2018. This clever combination of cross-generational threats defense systems intelligently applies a solution. The result is more effective and efficient security against potential threats.
- CrowdStrike Falcon EPP solutions were introduced in April 2018 by CrowdStrike using a combination of the technology. EPP technology comes with a Falcon team of experienced and highly qualified endpoint protection experts.
