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Endpoint Security Market to Reach USD 24.58 Billion by 2028; Acquisition of DarkBytes by Sophos Ltd. to Intensify Market: Fortune Business Insights™

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Pune, India, April 20, 2021 (GLOBE NEWSWIRE) — The global endpoint security market size is expected to grow from USD 13.99 billion in 2021 to reach USD 24.58 billion by 2028, exhibiting a CAGR of 8.3% during the forecast period. The growing implementation of artificial intelligence (AI), the internet of things (IoT), connected devices, and others for the development of endpoint solutions by major IT companies can have an outstanding effect on the market growth, states Fortune Business Insights, in a report, titled “Endpoint Security Market, 2021-2028.” The market size stood at USD 12.93 billion in 2020.

To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/endpoint-security-market-100614

Driving Factor:

Surging Number of Connected Devices to Spur Demand for Endpoint Security Solutions

The growing number of attacks due to the rising digitalization and connected devices will incite the development of the market. Attackers infiltrate secured enterprise networks through laptops, smartphones, wearable devices. Moreover, the rising adoption of solutions such as the internet of things, industrial control system, and smart sensors to counter cyber-attacks will bode well for the global market. According to a 2017 Global Enterprise Security Survey by Fortinet, more than half of enterprises respondents reported endpoint data breach attacks. Furthermore, the growing number of unknown attacks can create lucrative opportunities for the market. For instance, in 2018 Cisco Systems, Inc. declared to block 20 billion risks per day for its customers. These instant detection and response solutions are boosting the adoption of endpoint security solutions.

The report on endpoint security market incorporates:

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  • All-inclusive analysis of all the segments
  • Key market trends
  • Latest industry development
  • Future projections
  • Leading regions in the market
  • COVID-19 impact

Shift towards Work-from-home to Lift Endpoint Security Business During COVID-19

The global pandemic has been encouraging to the IT industry, as many companies shifted to work-from-home, thus spurring opportunities for this market. The changing policies of companies due to high-security risks have resulted in high demand for endpoint security amid coronavirus. According to IDC, 70% of breaches targeted endpoint devices in the year 2020. Similarly, according to a PWC report, cyber-attacks in India doubled in the starting three months of the year 2020. Furthermore, the high number of data breaches in the healthcare industry will aid the expansion of the market during the coronavirus. According to the Fortified report, 47% of data breaches have been reported by the healthcare industry during the first half of 2020.

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Market Segments:

The Cloud-based Endpoint Solution Segment to Hold the Largest Share

Based on components, the market is categorized as software and services. The software segment is expected to hold the largest share during the forecast period due to rapidly increasing unknown attacks on the enterprises.

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By deployment analysis, the endpoint security market is divided into cloud and on-premises. The on-premises segment is likely to hold the lion’s share during the forecast period. The organizations prefer on-premises security solutions. The cloud-based endpoint solution segment is expected to account for the largest share during the forecast period due to its deployment and scalability.

Based on end-users, the market is categorized into commercial and consumer. The commercial segment covers industries such as BFSI, IT and telecommunications, retail, healthcare, government & public sector, transportation, and others. The commercial is predicted to grow rapidly due to the unknown attacks on healthcare and government organizations.

Based on enterprise analysis, the market is sorted into large enterprises and small & medium enterprises. The increasing adoption of BYOD policy and advanced connected technology in large enterprises will boost the segment’s growth.

The industry segment is characterized into BFSI, IT and telecommunications, retail, healthcare, government & public sector, transportation, and others.

Geographically, the market is divided into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.

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List of companies profiled in Endpoint Security Market report:

  • AhnLab, Inc. (Gyeonggi-do, South Korea)
  • Alert Logic, Inc. (Texas, United States)
  • AO Kaspersky Lab (Moscow, Russia)
  • Bitdefender S.R.L. (Bucharest, Romania)
  • BlackBerry Limited (Cylance) (Waterloo, Canada)
  • Check Point (Tel Aviv-Yafo, Israel)
  • Cisco System, Inc. (California, United States)
  • Comodo Security Solutions, Inc. (New Jersey, United States)
  • CrowdStrike, Inc. (California, United States)
  • CurrentWare (New York, United States)
  • Cybereason, Inc. (Massachusetts, United States)
  • Druva Inc. (California, United States)
  • Fidelis Cybersecurity (Maryland, US)
  • FireEye, Inc. (California, United States)
  • Forcepoint LLC (Texas, United States)
  • Fortinet (California, United States)
  • F-Secure Corporation (Helsinki Finland)
  • GoSecure, Inc. (California, United States)
  • Intel Corporation (California, United States)
  • Ivanti (Utah, United States)
  • LogMeIn, Inc. (Massachusetts, United States)
  • Malwarebytes Ltd. (California, United States)
  • McAfee, LLC (California, United States)
  • New Net Technologies LLC (Florida, United States)
  • Palo Alto Network Inc. (California, United States)
  • Panda Security (Bilbao, Spain)
  • RSA Security LLC (Massachusetts, United States)
  • SentinelOne (California, United States)
  • Sophos Ltd (Abingdon, United Kingdom)
  • Symantec Corporation (California, United States)
  • Trend Micro Inc. (Tokyo, Japan)
  • VMware, Inc (Carbon Black Inc.) (California, United States)
  • Webroot, Inc. (Colorado, United States)

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/endpoint-security-market-100614

Regional Insights:

Rising Adoption of Connected Devices to Boost Market in North America

The market in North America is expected to hold the largest share during the forecast period. The region earned USD 5.04 billion in terms of revenue in 2020. The growth is attributed to the growing adoption of connected devices and the internet of things across several industries. The presence of numerous security solution providers in the US will enable speedy expansion of the market in North America. Europe is expected to hold the largest share during the forecast period due to the expanding cybersecurity infrastructure.

Germany and the UK are expected to expand the endpoint security market share in Europe. The German organizations have increased their IT budget to deal with cyber-attacks. Likewise, the UK government has rolled out end-user device guidance for the organizations offering deployment of external devices. Asia Pacific is expected to experience a rapid growth rate during the forecast period due to the increasing IT spending across various industries. The implementation of AI, internet of things, connected devices, and cloud services by industries will boost this industry in the region.

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Quick Buy – Endpoint Security Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100614

Detailed Table of Content:

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Executive Summary
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
    • Global Market Share Analysis and Matrix, 2021
  • Key Market Insights and Analysis, By Segments
  • Companies Profiled
    • Overview
      • Key Management
      • Headquarters etc
    • Offerings/Business Segments
    • Key Details
      • Employee Size
      • Past and Current Revenue
      • Geographical Share
      • Business Segment Share
    • Recent Developments
  • Annexure/Appendix
    • Global Endpoint Security Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
      • By Component (Value)
        • Software
        • Services
      • By Deployment (Value)
        • Cloud
        • On-Premises
      • By End-user (Value)
        • Commercial
        • Consumer
      • By Enterprise Size (Value)
        • Large Enterprises
        • Small & Medium Enterprises
      • By Industry (Value)
        • BFSI
        • IT and Telecommunications,
        • Retail,
        • Healthcare
        • Government & Public Sector
        • Transportation
        • Others
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • Latin America

Continued….!

Key Development:

January 2019: Sophos Ltd. acquired an endpoint security platform provider DarkBytes. DarkBytes offers unified platform and enterprise endpoint solutions. Sophos Ltd. aims to gain the expertise of the company and provide endpoint, firewall, mobile devices security services.

Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/endpoint-security-market-100614

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

TraceLink Releases Amadeus, the First Generative AI Assistant for Accelerating the Digitalization of Supply Networks on the Opus Platform

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Trained on a rich set of information from a unified content repository, Opus Orchestration Architects, Solution Designers, Network Administrators, and those simply interested in learning more about TraceLink’s solutions are empowered with information in seconds
BOSTON, Oct. 1, 2024 /PRNewswire/ — TraceLink, the largest end-to-end digital network platform for intelligent orchestration of the supply chain, today announced the launch of Amadeus, an AI Assistant to help users across the supply chain configure and optimize supply networks. Powered by advanced Large Language Model (LLM) algorithms, Amadeus allows users to find answers across a large volume of the TraceLink University educational content ecosystem, including developer resources, educational “how-to” materials, and technical documentation, delivering detailed, accurate responses tailored to their needs.

Whether navigating through extensive resources, searching for specific content, or exploring related topics, Amadeus provides intelligent answers drawn from a knowledge base refreshed on a daily basis. Its advanced search capabilities and context-aware assistance with source URL and citations ensure a smooth, reliable, current, and efficient content discovery process. With instant access to TraceLink University documents, educational whitepapers, case studies, and more, Amadeus delivers quick, within-seconds responses tailored to specific customer use cases, helping users solve complex business problems with confidence.
“With Amadeus, we are offering a powerful way for customers to engage with the wealth of knowledge within TraceLink University,” said Shabbir Dahod, President and CEO at TraceLink. “By integrating generative AI and LLMs with our extensive content library, Amadeus helps users to quickly find the information they need to optimize their supply chain operations. This is just the beginning of how TraceLink aims to harness AI to further transform supply chain management in the future.”
Amadeus’ AI functionality is further enriched by its robust safeguards. Built-in guardrails and alignment with OpenAI’s safety protocols verify that responses are relevant and accurate, eliminating AI hallucinations and keeping users on track. With these AI safety features built into Amadeus, users receive the most applicable and trusted answers, helping them make informed decisions in real-time. Looking forward, Amadeus will securely integrate content from customers’ own orchestration networks, thereby enabling a powerful AI-driven experience on top of end-to-end supply chain network intelligence to leverage predictions to drive business results.
Learn more about TraceLink’s Opus Magnum release, the only no-code network digitalization platform designed to democratize access to end-to-end supply chain integration and orchestration.
See Opus Magnum live at FutureLink Barcelona 2024, the only thought-leadership, education, and networking event for life sciences and healthcare leaders needing critical intelligence and better collaboration across supply chain relationships, from October 2-4, 2024. With keynotes headlined by the industry’s top thought leaders, a full day of TraceLink University educational sessions, three orchestration tracks led by customers and solution partners, and an immersive product and solution exhibition, this year’s FutureLink will focus on the end-to-end digitalization of your supply chain to link your enterprise systems and processes to the network. Register now.
About TraceLink:
TraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling end-to-end orchestration by connecting more than 291,000 healthcare and life sciences entities through its B2N Integrate-Once™ network. Leading businesses trust TraceLink to deliver complete global connectivity, visibility, and traceability of healthcare products, ensuring that every patient gets the medicines they need when needed, safely and securely.
Logo – https://mma.prnewswire.com/media/1004729/TraceLink_Logo.jpg

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Artificial Intelligence

ResourceWise Launches Forest Trackt™: A Comprehensive Solution for EUDR Compliance

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CHARLOTTE, N.C, Oct. 1, 2024 /PRNewswire/ — ResourceWise®, a leading provider of pricing, market intelligence and sustainability solutions, is proud to announce the launch of Forest Trackt™, an end-to-end compliance solution designed to help companies adhere to the European Union Deforestation Regulation (EUDR). This innovative technology is set to transform how businesses demonstrate supply chain transparency.

Forest Trackt integrates advanced technology, including automated geo-location of source coordinates, machine learning, and advanced algorithms, to enable businesses to trace the origins of wood-based commodities accurately. Forest Trackt enhances transparency across the supply chain, providing a robust framework for meeting the stringent requirements of the EUDR.
Key features of Forest Trackt include:
Geo-Location Data Acquisition: Employs the user-friendly ForestLogger mobile app to collect precise geo-location data with no cellular connection. This ensures accurate and efficient data gathering and polygon definition, even in remote areas.Point-to-Polygon JSON Files: Automates the creation of required geo-location data files to comply with EUDR. One significant challenge for EUDR compliance is the requirement to provide vast amounts of geo-location data. Forest Trackt replaces manual data entry, reducing cost and errors while providing more accurate data and ensuring full traceability of wood-based products.Predictive Risk Assessment: Offers multi-factor risk assessment to pre-qualify tracts, conduct the required risk assessment, and demonstrate a robust risk management program as required by EUDR.Tokenization System: Tracks wood-based raw materials from the forest through the supply chain to the end product and market, solving the many-to-many problem of forest and sawmill residuals.Centralized Data Package Delivered to the EU: Transfers all data from a centralized database to the EU via API.Forest Trackt is engineered to streamline compliance, minimizing manual workload while maximizing compliance accuracy and assuring audit readiness. Businesses that adopt this solution can look forward to increased efficiency and reduced risk of non-compliance penalties, thus future-proofing themselves against evolving regulatory landscapes.
“The penalties for failing to comply with EUDR are steep. For example, US manufacturers of pellets, pulp, paper, and lumber have roughly $4 billion in revenue at risk. At ResourceWise, we recognize the challenges companies face in implementing transparency standards,” said Pete Stewart, CEO of ResourceWise. “With Forest Trackt, we aim to simplify compliance processes and empower businesses to achieve their sustainability goals with confidence and ease.”                                                                             
“The regulatory environment for the forest products industry is becoming more complex,” said Stewart. “With the launch of Forest Trackt, ResourceWise continues its commitment to helping those in the forest products industry meet their financial and sustainability goals.”
For more information about Forest Trackt and how it can benefit your business, visit www.resourcewise.com/foresttrackt.
Contact:
Suz-Anne KinneyVice President, MarketingResourceWisePhone: +1 704 451 7312Email: [email protected]
About ResourceWise:
ResourceWise is a commodity price reporting agency with proprietary datasets and deep expertise in forest products, biofuels and low-carbon feedstocks, biomaterials, and chemicals industries. We help our customers make better decisions by providing accurate data and analytics, which we supplement with strategic consulting. Because our markets are energy-intensive, we use our data and expertise to help our customers identify and navigate decarbonization pathways and industry-related regulatory requirements. 
ResourceWise legacy companies include Chemical Intelligence, Fisher International, Forest2Market, Prima Markets, Tecnon OrbiChem, and Wood Resources International.  

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Artificial Intelligence

VIPRE Introduces All-in-one Endpoint EDR+MDR Package to Help Deliver Around-the-clock Managed Security

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Simplified, cost-effective package empowers Managed Service Providers to enter the endpoint MDR market.
LONDON, Oct. 1, 2024 /PRNewswire/ — VIPRE Security Group, a global leader and award-winning cybersecurity, privacy, and data protection company, today launched a new combined VIPRE Endpoint EDR+MDR package. This single, simplified, and streamlined managed protection package provides organisations of all sizes with cost-effective, advanced, and around-the-clock endpoint security. For managed service providers (MSPs), this solution provides a genuine opportunity for portfolio expansion to offer Managed Detection & Response (MDR) services to customers.

With this powerful all-in-one VIPRE Endpoint EDR+MDR solution, organisations receive top-tier Endpoint Detection & Response (EDR) capabilities, such as threat detection, DNS protection, ransomware rollback, patch, and vulnerability management — alongside a fully managed threat incident response led by an experienced forensics team. This includes 24x7x365 coverage backed by stringent service level agreement guarantees, managed containment and remediation, threat hunting and forensic analysis, and more.
“This new packaged solution directly addresses the security and budgetary challenges identified by our customers and MSP channel partners,” Usman Choudhary, General Manager and CTPO at VIPRE Security Group, elaborated. “The security landscape is complex and challenging. Organisations face escalating threats while dealing with budget limitations. The need for continuous, advanced threat monitoring and remediation strains both security teams and financial resources. Our integrated EDR and MDR solution addresses these challenges cost-effectively, while also reducing the overall total cost of ownership of these solutions.”
“Similarly, many MSPs find it difficult to supplement their EDR offerings with MDR services, which demand specialised cybersecurity expertise. Our new package enables MSPs to enter the MDR market efficiently, enabling them to meet clients’ evolving security needs without the substantial investment of building an in-house MDR team.”
Both VIPRE solutions, EDR and MDR, will also remain available individually.
About VIPRE Security Group
VIPRE Security Group, part of Ziff Davis, Inc., is a leading provider of internet security solutions purpose-built to protect businesses, solution providers, and home users from costly and malicious cyber threats. With over 25 years of industry expertise, VIPRE is one of the world’s largest threat intelligence clouds, delivering exceptional protection against today’s most aggressive online threats. Our award-winning software portfolio includes next-generation antivirus endpoint cloud solutions, advanced email security products, along with threat intelligence for real-time malware analysis, and security awareness training for compliance and risk management. VIPRE solutions deliver easy-to-use, comprehensive layered defense through cloud-based and server security, with mobile interfaces that enable instant threat response. VIPRE is a proud Advanced Technology Partner of Amazon Web Services, operating globally across North America and Europe.
The group operates under various brands, including VIPRE®, StrongVPN®, IPVanish®, Inspired eLearning®, Livedrive®, and SugarSync®. www.VIPRE.com
 

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