The opportunity around endpoint security has yielded an incredibly crowded market. However, Symantec CEO Greg Clark predicted that a major shakeout of legacy and startup players alike is on the horizon.
“We believe as an industry that we are in the early innings of a dramatic shakeout of the winners and losers [in endpoint], with an estimated $80 billion to be spent on enterprise security,” Clark said on the company’s third-quarter earnings call Wednesday.
Clark said there had been a massive market entrance of next-generation endpoint security startups, as well as legacy vendors looking to add next-generation endpoint capabilities. However, he said most only provide “a slice of endpoint.” He said Symantec thinks the future of endpoint is being able to offer a complete solution across protection, detection and response.