With time, the volume and complexity of cybersecurity threats have grown steadily. All enterprises are at risk from hackers, organized crime, and malevolent threats. Therefore, the need for designing more advanced endpoint security solutions is the need of the hour.
Endpoint security, which is often considered cybersecurity’s frontline, is the first place to be looked upon by businesses to secure their enterprise networks. Today’s endpoint protection systems are designed in such a way that they can easily and quickly detect, analyze, and block attacks in progress. It is a critical component of modern desktop management and plays a major role in protecting desktops from cyber threats.
In their recent report, the renowned market research agency, Grandview Research states that the global endpoint security market was valued at $16.22 bn in 2022. The report further states that they expect the valuation to expand at a compound annual growth rate (CAGR) of 7.4% from the current year to 2030. The current evolving trend of Bring Your Own Device (BYOD) across businesses is expected to drive the market over the 2023–2030 forecast period, says Grandview.