Operational Technology Endpoint Security Market Trends Analysis

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Operational Technology Security MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Operational Technology Security Market.

The growth sectors of the Operational Technology Security Market are identified with precision for a better growth perspective.According to MRFR analysis, the global OT security market was valued at USD 200.0 million in 2018 and is expected to register a CAGR of 42.2% during the forecast period to reach USD 3,531.0 million by 2025.

The propelling factors that contribute to the market growth include the integration of IT and OT systems, surge in the risk of cyber threats on critical infrastructure, and increasing dependence on legacy systems.The global OT security market has been segmented based on component, deployment mode, industry, and region.By component, the global OT security market has been bifurcated into solutions and services.

The solution segment accounted for the larger market share in 2018 owing to dependence on legacy systems which are vulnerable to cyber attacks.

Also, the services segment has been sub-divided into professional services and managed services.

The professional services segment has been categorized into consulting services, deployment and implementation services, and other support services.

Operational Technology Security Market The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Operational Technology Security Market.

The growth sectors of the Operational Technology Security Market are identified with precision for a better growth perspective.The global operational technology (OT) security market was valued at USD 200.0 million in 2018 and is presumed to exhibit a CAGR of 42.2% during the forecast period to reach USD 3,531.0 million by 2025.

The geographical analysis of the global operational technology (OT) security market has been done for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.FREE PDF@ https://www.marketresearchfuture.com/sample_request/8189North America accounted for the largest market share in the OT security market; this growth can be attributed to the presence of tier I vendors and early adoption of security solutions associated with highly skilled expertise.

The European market has been divided into the UK, Italy, Spain, Germany, France, and the rest of Europe.

The market growth of the European market is due to the adoption of smart factories, connected ecosystems, and increase in access to data in hybrid cloud environments.The market in Asia-Pacific is expected to be the fastest-growing from 2019 to 2025.

The regional market has been classified as China, Japan, India, Australia, South Korea, Singapore, and the rest of Asia-Pacific.

Global Endpoint Security Market is estimated to reach USD 27.05 billion by 2024 owing to increasing deployment of security solutions with growing security risks in different industry applications.

Endpoint security or endpoint protection is a centralized approach to protect all the endpoint devices such as laptops, desktops, smartphones, servers and other devices connected to the corporate IT network, from the cyber threats.Endpoint security enables effective, efficient and easier security management.

This type of security offers effective security to the endpoints, thereby securing the network by blocking risky activities and access attempts at endpoints.Endpoint security systems can be broadly categorized into two types.

The key difference between the two is that there is no centralized administration and management for consumers whereas the centralized management mandate necessary for the enterprises.

Another driving force for the growth of the market is the need for compliance within government financial organizations, which will ultimately prompt users to adopt endpoint security solutions.Request a Free Sample Copy of Endpoint Security Market Report @ https://www.millioninsights.com/industry-reports/endpoint-security-market/request-sample The trend witnessed within the global endpoint security industry is the surging demand for software-as-a-service (SaaS) based security solution since they are easy to install, and upgrade and are affordable.

Hence, at present, cyber criminals are targeting the mobile endpoints.Innovation in mobile technology is forcing mobile endpoint security solutions to manage current mobility environment with the combination of operating systems, mobile endpoints and other personal data without compromising the user experience, data and privacy.

OverviewThe operational technology security market is anticipated to grow by US$24,092.7 Million by 2026 rapidly growing at a CAGR of 8.2% during the forecast period.

The global operational technology security market is driven by increasing cyber security threats and the rise of OT ecosystems.

These factors have helped shape the Operational Technology Security Market and are expected to boost the growth.

Companies in the operational technology security market could also face challenges such as complexity of the OT security solutions.

The global market for operational technology security is also covered based on the component segment which is further split into solution (OT endpoint security, OT network segmentation, anomaly detection, incident response and reporting and others] and services (managed and professional (consulting services, deployment & implementation services and others)).Factors like convergence of IT systems and increasing cyber attacks around the world support the operational technology security market growth.

The performance of the Operational Technology Security Industry  has also been studied for the past and current years.

Endpoint Security Market is valued at USD 11.91 Billion in 2018 and expected to reach USD 21.18 Billion by 2025 with the CAGR of 8.79% over the forecast period.The growing use of internet, increasing incidences of cyber attacks & data breaches, recent advancements in IoT security coupled with the rising demand for cloud applications and data protection are the major factors increasing the growth of the Endpoint Security market.Get Sample Copy of The Activated Alumina Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/458*The sample pages of this report is immediately accessible on-demand.

Endpoint security solutions frequently use a client server model of protection and deploying centrally managed security solution.

Endpoint security is an important IT security function and concern due to more employees bring mobile devices to work and many companies allow its employees to use these devices on the corporate network.Endpoint security market is segmented on the basis of solutions, services, and deployment, industry vertical and by region.

On the basis of country level, market of endpoint security market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.Endpoint Security Companies:Carbon Black Inc.McAfee LLCSymantec Corporation,Sophos Group PLCBitdefender LLCCylance Inc.Trend Micro Inc.FireEye Inc.Kaspersky Lab Inc.Cisco Systems Inc.Avast Software SROPalo Alto Networks Inc.SentinelOne Inc.Panda Security SLFortinet Inc.CrowdStrike Inc.Microsoft CorporationRSA Security LLCESET LLCGlobal Endpoint Security Market Dynamics –The growing use of internet, increasing incidences of cyber attacks & data breaches, recent advancements in IoT security coupled with the rising demand for cloud applications and data protection are some major factors fuelling the growth of the global endpoint security market.

The emergence of next-generation endpoint technology such as artificial intelligence (AI) is gaining attention from both organizations and assurance programs to stay away from conventional antivirus software and this will bring lucrative opportunities for this market in near future.North America is expected to dominate the Endpoint Security Market throughout the forecast period.North America held the largest market for endpoint security and is expected to dominate the market throughout the forecast period due to the high penetration of endpoint security to tackle the challenges regarding increasing cases of cyber attacks and intensified data security.

For example; the number of U.S. data breaches from hacking incidents reached about 227 in 2014 and 295 in 2015, which is up 30%.