Having reached a value of 11.91 billion USD at the end of 2018, the size of the endpoint security industry is predicted to increase to reach 21.18 billion USD by the end of 2025.
The marked increase comes amid rising demands for remote working capabilities, and associated security requirements for devices such as desktops, laptops and many other network-connected gadgets within the Internet of Things (IoT).
Conventionally, these devices create attack paths as potential exploits for cyber criminals. To combat this behaviour, endpoint security architecture designs an advanced compliance standard to safeguard against traditionally weak areas of cyber defences, offering services such as threat detection, response, and unified monitoring.
The increasing demand for connected devices, growing threat of cyber security, and increased efficacy of endpoint security remains key drivers of growth in the endpoint security market.
Key market trends
1. Whereas before malware was engineered to encourage users to download a file, current forms of such attacks use a file-less approach. Cutting edge versions of malware sees the file install itself onto the user’s device without the need of any active choice to download. Such malware also eludes conventional file-scanning anti-virus defence mechanisms.
2. Zero-day attacks have always been tough to deal with for cybersecurity professionals. These attacks can take place without warning and account for more than half of electronic assaults on endpoint devices.
3. Machine learning (ML) and Artificial Intelligence (AI) continue to underpin innovation within global endpoint security markets. Solutions can offer real-time detection services to combat a wide range of everyday threats.
4. Cloud technology and its application through cloud-based services also constitutes a key growth area, thanks to scalability and cost-effective implementation. Cloud-based endpoint solutions offer multi-layered security options, MFA (multi-factor authentication), mail filters and other security features.