BRATISLAVA – ESET, a global cyber security leader, has been recognized as a ‘Top Player’ for the third year in a row in Radicati’s 2020 Endpoint Security Market Quadrant. The report examines 17 leading endpoint security vendors in the market, assessing their functionality and strategic vision, within which ESET was placed in the top quadrant for the third year in a row.
The Radicati Market Quadrant is a metric used to paint a picture of a specific technology market, with this edition covering Endpoint Security – comprising of appliances, software, cloud services, and hybrid solutions that help to secure and manage endpoints for business organizations of all sizes. As pointed out in the report, organizations no longer view endpoint security as an isolated discipline affecting only the endpoint, but as an integral part of organization-wide defense. Endpoint security shares threat intelligence feeds and policy controls with all other major security components, including firewalls, secure web gateways, secure email gateways, data loss prevention (DLP), and more.
This Quadrant continues to grow in importance with the endpoint security market experiencing growth at an exponential rate, as organizations of all sizes deploy increasingly sophisticated and feature-rich solutions to help protect against threats and malicious attacks. In fact, the Endpoint Security market is expected to surpass $8.2 billion in 2020 and grow to over $15.6 billion by 2024.
Radicati positions vendors in a quadrant according to two criteria: functionality and strategic vision. Radicati also evaluates according to key capabilities including malware detection, web and email security, encryption, mobile device protection, data loss prevention and Endpoint Detection and Response (EDR) and Managed Detection and Response (MDR).
In Radicati’s 2020 Endpoint Security Market Quadrant, ‘Top Players’ are described as the current market leaders with products that offer both breadth and depth of functionality, as well as possessing a solid vision for the future. ‘Top Players’ shape the market with their technology and strategic vision. ESET’s positioning as a ‘Top Player’ for the third year in a row demonstrates the company’s pioneering and innovative nature as the Radicati report states that once a company reaches this stage, they must fight complacency and continue to innovate.
ESET’s Endpoint Security solutions were highlighted as offering high performance and high detection rates, low footprint with low system resource usage and for their ease of deployment and use. They were also commended for their suitability to offer protection for companies with heterogeneous environments.
Juraj Malcho, ESET’s Chief Technology Officer, said “We are incredibly proud to be ranked as a Top Player in Radicati’s 2020 Endpoint Security Market Quadrant. Being acknowledged as a Top Player for the third year in a row is demonstrative of ESET’s ability to stay innovative and provide the best possible technology solutions for our customers. As the endpoint security market continues to grow, we are committed to developing reliable and easily deployable security for organizations of all shapes and sizes.”
About Version 2 Limited
Version 2 Limited is one of the most dynamic IT companies in Asia. The company develops and distributes IT products for Internet and IP-based networks, including communication systems, Internet software, security, network, and media products. Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 Limited offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.
For 30 years, ESET® has been developing industry-leading IT security software and services for businesses and consumers worldwide. With solutions ranging from endpoint security to encryption and two-factor authentication, ESET’s high-performing, easy-to-use products give individuals and businesses the peace of mind to enjoy the full potential of their technology. ESET unobtrusively protects and monitors 24/7, updating defenses in real time to keep users safe and businesses running without interruption. Evolving threats require an evolving IT security company. Backed by R&D facilities worldwide, ESET became the first IT security company to earn 100 Virus Bulletin VB100 awards, identifying every single “in-the-wild” malware without interruption since 2003.