According to the latest worldwide market study by Technology Business Research (TBR), total revenue for IT security hardware and software products -- including managed and hosted security services -- totaled nearly $50 billion in 2014 and will grow at an 18.9 percent CAGR to more than $118 billion by 2019. "Customers are opening their wallets in an urgent effort to protect their data and their reputations from increasingly sophisticated attacks," said Jane Wright, senior analyst and security research lead at TBR . According to the TBR assessment, cyber criminals and hackers are exploiting enterprise user endpoints to infiltrate and navigate customer infrastructures and steal data or disrupt business operations. To block the attacker entry points, enterprise IT managers will increase their spending for endpoint-based advanced threat detection and response solutions, which will propel revenue growth in the endpoint security segment to an estimated 23.2 percent CAGR throug...
TMT Market Research and Analysis