Global Endpoint Security Market Likely To Reach $31.1 Billion By 2026: Report

According to a report, the surge in cyber threats have created a high demand for endpoint security solutions and this demand is likely to push global endpoint security market to reach USD 31.1 billion by 2026.

The report by Frost & Sullivan forecasts that the global endpoint security market is slated to grow at the CAGR of 12.3 per cent to USD 31.1 billion by 2026 from USD 17.4 billion in 2021. This growth in demand of endpoint security solutions is due at the back of the changing threat landscape and surge in cyber threats.

"With the rise in the volume of cyber threats due to the pandemic and remote working requirements, the world witnessed a significant increase in endpoint security needs", said Sarah Pavlak, Security Industry Principal at Frost & Sullivan. "To mitigate attacks, endpoint security solutions—endpoint protection platform (EPP) and endpoint detection and response (EDR)—are vital as they help identify unprotected assets".

The report further says that market participants need to develop new-age effective strategies for detecting and mitigating zero-day attacks, consider implementing on-device AI/ML (machine learning) capabilities on endpoint agents, and look to implement cloud-based endpoint security.

"Adopting an artificial intelligence (AI)-based protection approach allows the identification of endpoints in need of updating and their associated risk levels. Further, wider AI adoption will incorporate self-healing endpoints and become more comprehensive during the next few years", Pavlak added.

Enterprises also suggested that mobile threat defense need to be integrated to endpoint solution to secure endpoints and track device behaviour to detect and stop malicious activity.