End-point security grows to $27bn, stays mainly on-prem
The end-point security market is expected to reach at $27.8 bn by 2025, says a forecast by PMR, with most of the solutions being on-premise, revenues from which are expected to hit US$ 17bn by 2025-end. SaaS deployment of end-point security is also expected to gain traction registering a value CAGR of 15.2% over the forecast period. While small & medium enterprises from around the world will contribute with just over 30% of global revenues, large businesses will be observed as the principal end-user of end-point security solutions in the global market.
European countries such as the UK are progressively adopting end-point security solutions to eliminate spills of critical information. Europe continues to be a lucrative region for end-point security businesses as governments as well as private organizations in this region are regularly updating & upgrading their IT infrastructure.
The PMR report also projects that telecommunication, healthcare and banking will remain highly-attractive industrial verticals for end-point security solution during the forecast period.
During the forecast period, between 2017 and 2025, the global market for end-point security is expected to expand robustly at a CAGR of 11.2%. Increasing adoption of cloud technologies and growing demand for Software-as-a-Service (SaaS) business models are documented in the report as key drivers for the growth of global end-point security market.
By the end of 2025, North America is projected to dominate the global end-point security market, revenues from which are expected to surpass US$ 12bn. Europe and Asia-Pacific are also likely to remain attractive regions for growth of global end-point security market. Europe's end-point security market is expected to represent incremental opportunity of US$ 3bn, while sales of end-point security solutions in Asia-Pacific countries will reflect highest revenue growth at 7.8% CAGR during the forecast period.