The report, with the punchy title “Global Market Study on Endpoint Security: Japan to Lag Behind China and India regarding CAGR in the APAC Endpoint Security Market” projects that telecommunication, healthcare and banking will remain highly attractive industrial verticals for end-point security solution during the forecast period.
Apparently global end-point security market will bring in a little over $ 11,900 Million in revenues by the end of 2017. During the forecast period, i.e. between 2017 and 2025, the global market for end-point security is expected to expand robustly at a CAGR of 11.2 percent.
Increasing adoption of cloud technologies and growing demand for Software-as-a-Service (SaaS) business models are documented in the report as key drivers for the growth of global end-point security market.
The need to update security solutions on a regular basis continues to drive the demand for end-point security, the report said.
Rising awareness regarding ransomware attacks also fuels the need to buy adequate endpoint security in business. Persistence Market Research’s latest report on the global end-point security market reveals that the market will reach an estimated value of $ 27,830.3 million by the end of 2025.
European countries such as the UK are progressively adopting end-point security solutions to eliminate spills of critical information. Europe continues to be a lucrative region for end-point security businesses as governments and private organisations in this region are regularly updating and upgrading their IT infrastructure.
Towards the end of 2025, North America is projected to dominate the global endpoint security market, revenues from which are expected to surpass $ 12,300 million. Europe and Asia-Pacific are likely to remain attractive regions for the growth of global end-point security market. Europe’s end-point security market is expected to represent the incremental opportunity of $ 3,151.3 million, while sales of endpoint security solutions in Asia-Pacific countries will reflect highest revenue growth at 7.8 per cent CAGR during the forecast period.