March 11, 2020
As per the report titled ‘North America Endpoint Security Market Trends By Application, Component, Deployment Model, Industry Analysis Report, Regional Outlook, 2017 – 2024’, available with Market Study Report LLC, North America endpoint security market is anticipated to amass USD 3 billion by the year 2024.
Rising trend of workforce mobility and heavy deployment of IoT devices for a wide array of applications such as smart factories, logistics, and smart utilities are driving the growth of North America endpoint security market. Inflowing investment towards the expansion of smart logistics network, coupled with increasing number of cyberthreats in the region are bolstering the demand for strict cybersecurity policies and endpoint security solutions. Citing an instance, federal civilian agencies stated that over 35,277 cybersecurity incidents including web-based attacks and phishing attacks were reported in 2017, resulting in a severe damage to computing network. Hence, increasing focus towards maintaining the integrity of network infrastructure and minimizing hardware damages is enhancing the demand for endpoint security solutions in North America.
As per the report, antivirus/anti-malware segment is expected to account for a significant share of North America endpoint security market by the end of the study period. Increasing cases of malware attacks targeted towards corporate and government networks are driving the segment growth. Antivirus/anti-malware solutions protect industrial processes and critical data leaks.
Considering the geographical landscape, Canada endpoint security market is anticipated to register 12% growth 2017-2024. The growth can be attributed to increasing digitization and growing adoption of new technologies by enterprises. Furthermore, inflowing government investment and initiatives towards improving and maintaining cybersecurity across the entire federal network will boost the adoption of endpoint security solutions in Canada.
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Prominent players of North America endpoint security market are Cisco, IBM, F-Secure, Microsoft, VIPRE, Symantec, Trend Micro, Kaspersky Lab, ESET, Webroot, Ahnlab, Sophos, Comodo, Panda Security, and McAfee amongst others.
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