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Last updated on April 18, 2014 at 1:21 EDT

Frost & Sullivan: Wave of New Threats and Growing Sophistication of Cyber Crime Techniques Drive the Endpoint Security Markets Worldwide

February 16, 2009

MOUNTAIN VIEW, Calif., Feb. 16 /PRNewswire/ — The rapid evolution of cyber crime techniques has huge ramifications for enterprise and consumer environments. Amidst escalating data security breaches, vendors in the endpoint security products market are unleashing a slew of products to tackle the growing variety of threats. The primary focus is on offering endpoint solutions that accommodate greater functionality and diversity than what had been previously available.

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New analysis from Frost & Sullivan (http://www.networksecurity.frost.com), World Endpoint Security Products Markets, finds that the market earned revenues of over $4.98 billion in 2007 and estimates this to reach $9.93 billion in 2014.

If you are interested in a virtual brochure, which provides manufacturers, end-users, and other industry participants with an overview of the world endpoint security products markets, then send an e-mail to Christina Alfaro, Corporate Communications, at christina.alfaro@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.

Always on the lookout for new vulnerabilities to exploit, cyber criminals connive to create blended and complex threats, testing the efficacy of security at the enterprise level. As these highly organized crime rings lead consumers to malicious websites and attach harmful attachments to emails, companies that are inadequately protected will suffer financial loss, adverse publicity, and erosion of customer loyalty.

“Phishing attacks are on the rise and criminals are accessing consumers’ personal financial information to be used as Botnets, while at the corporate level, cyber criminals steal consumer data information and corporate assets,” observes Frost & Sullivan Senior Research Analyst Martha Vazquez. “Cyber criminals have established a lucrative business and indications are that it will continue to flourish with advancements in technology.”

The sheer magnitude of the issue of data security has rendered antivirus programs obsolete and ineffective. As such, no single technology can successfully serve to safeguard the network from the multi-dimensional nature of the menace of cyber crime. Security vendors are striving to arrive at a more holistic approach with high-tech endpoint protection. Trends indicate that integration is the way forward and there will be a decrease in pure play security companies, as major vendors continue to add value to their core products.

“Along with the changing security landscape, the endpoint security market will continue to evolve to include additional layers of security,” adds Vazquez. “Dominant vendors will continue to add enhanced features to the product lines, while smaller vendors will continue to concentrate on research and development in order to offer better endpoint security products.”

For now, regulations are proving to be one of the strong drivers pushing market growth. Emerging regulations will compel organizations to achieve optimal security for customer data information and company financial information.

World Endpoint Security Products Markets is part of the Network Security Growth Partnership Service program, which also includes research in the following markets: IDS/IPS, SSL-VPNs, vulnerability management, managed security service providers and more. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

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                    World Endpoint Security Products Markets
                                     N40B

    Contact:
    Christina Alfaro
    Corporate Communications - North America
    P: 210.247.3830
    F: 210.348.1003
    E: christina.alfaro@frost.com

http://www.frost.com

SOURCE Frost & Sullivan


Source: newswire