The rise in the volume of cyber threats due to remote work requirements is contributing to endpoint security needs, says Frost & Sullivan
The changing landscape and significant surge in cyber threats have contributed to the high demand for endpoint security solutions globally, finds Frost & Sullivan’s recent analysis. Endpoint security is the practice of using host-based software products to secure computing devices such as laptops and smartphones. The global endpoint security market will likely reach $31.1 billion by 2026 from $17.4 billion in 2021, registering expansion at a compound annual growth rate (CAGR) of 12.3%.
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“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.”
Pavlak added: “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.”
To reap the benefits of the growing endpoint security industry, market participants should:
- Develop an effective strategy for detecting and mitigating zero-day attacks. This should include a defensive plan with prevention technology and a response method for potential attacks.
- Consider implementing on-device AI/ML (machine learning) capabilities on endpoint agents to support detection capacity and deliver collective intelligence competencies.
- Focus on cloud-based endpoint security. It offers opportunities to extend product services, either on-demand or fully managed, and leverage Big Data for high-fidelity advanced threat detection.
- Incorporate mobile threat defense into endpoint solutions to secure endpoints and track device behavior to detect and stop malicious activity.
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