Global endpoint security market expected to reach US$31.1b by 2026

Global endpoint security market expected to reach US$31.1b by 2026
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KUALA LUMPUR (June 30): The global endpoint security market will likely reach US$31.1 billion (about RM137.01 billion) by 2026 from US$17.4 billion in 2021, registering expansion at a compound annual growth rate of 12.3%.

In a statement on Wednesday (June 29), Frost & Sullivan said the changing landscape and significant surge in cyberthreats had contributed to high demand for endpoint security solutions globally.

Endpoint security is the practice of using host-based software products to secure computing devices such as laptops and smartphones.

Frost & Sullivan security industry principal Sarah Pavlak said with the rise in the volume of cyberthreats due to the Covid-19 pandemic and remote working requirements, the world witnessed a significant increase in endpoint security needs.

“To mitigate attacks, endpoint security solutions — endpoint protection platforms and endpoint detection and response — are vital as they help identify unprotected assets,” she said.

Pavlak said 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,” she said.