[June 28, 2017] |
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Endpoint Detection and Response Market - Drivers and Forecasts by Technavio
Technavio
analysts forecast the global
endpoint detection and response market to grow at a CAGR
of almost 9% during the forecast period, according to their latest
report.
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Technavio has published a new report on the global endpoint detection and response market from 2017-2021. (Graphic: Business Wire)
The research study covers the present scenario and growth prospects of
the global endpoint
detection and response market for 2017-2021. To
calculate the market size, the report considers the revenue generated
from the sales of endpoint security software, which are standalone and
integrated security software used by enterprises and individual
consumers.
Global endpoint detection and response market is expected to witness a
significant growth during the forecast period due to the growing need
for high levels of security in corporate firms. The need for advanced
security solutions is growing rapidly with the escalating number of
cyber-attacks and the threat of hackers. Further, the adoption of
endpoint detection and response solutions is growing enormously among
enterprises, and individual consumers as critical and confidential data
are increasingly being transferred.
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Technavio analysts highlight the following three factors that are
contributing to the growth of the global endpoint detectin and response
market:
-
Increasing demand from mobile devices
-
Demand for integrated security solutions
-
Availability of a proficient workforce
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Increasing demand from mobile devices
An increase in the use of mobile devices, such as laptops, mobile
phones, and tablets, is boosting the revenue inflow into the market. The
use of mobile devices for personal and professional purposes is
increasing the demand for security in these devices because it involves
access to critical data and storage. Further, individuals are highly
dependent on mobile devices for myriad purposes such as e-commerce, bill
payment, and GPS. The information accessed by mobile devices also
requires high levels of security as it is confidential.
Amrita Choudhury, a lead IT
security research analyst at Technavio, says, "There is an
increased need for the exchange of global data and information with
companies expanding across regions. The global expansion of business has
led to a significant rise in the number of employees' traveling
worldwide. This has resulted in an increase in services offering
security and access to secure networks from mobile devices."
Demand for integrated security solutions
There are many security solutions available in the market. However,
choosing the right solution and implementing every individual solution
is time-consuming and expensive for end-users. There is a pressing need
for consolidating security solutions into a single all-encompassing
solution.
"End-users using separate firewalls, encryption, and intrusion
detection and prevention systems have to oversee maintenance, updates,
and logs for each individual system. This increases the complexity and
associated expenses requisite for separate security solutions," adds
Amrita.
Availability of a proficient workforce
Organizations worldwide are increasingly investing in outsourcing the
task of security management to professional service providers as their
in-house security teams mostly deal with security on a part-time basis.
Thus, the lack of the ability to identify potential risks or threats is
obvious. Further, the in-house security teams are not as competent as
the service providers possessing extensive experience in dealing with
multitudes of potentially threatening situations on a regular basis.
Therefore, these organizations seek to gain access to a proficient and
experienced workforce to secure their systems from potential threats. As
the potential workforce is available to manage the endpoint detection
and response market, this will impact the high revenue inflow in the
market.
Top vendors:
-
RSA Security
-
McAfee
-
Symantec (News - Alert)
-
Trend Micro
Browse Related Reports:
About Technavio
Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170628006250/en/
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