logo
logo
Sign in

Data Center Security Market analysis by Service Type, by Vertical | Analysis of COVID-19

avatar
Ehtesham Peerzade

Market Highlights

Market Research Future (MRFR) provides hands-on statistics about the global data center security market in its latest report, which mentions that the market can achieve a growth rate of close to 13% during the forecast period (2017-2023).

Top Drivers and Main Barriers

Mounting demand for high bandwidth among enterprises has been the result of the surge in the internet of things (IoT) and over the top (OTT) services and has boosted the need for software-defined data centers (SDDC). Use of SDDC enables virtualization of data center infrastructures, which leads to maximization of the utilization of the available hardware resources in enterprises. With the detection of threats that can go through access controls as well as firewalls and inspection of data flow among servers, SDDC helps secure the virtual environment. SDDC also helps enterprises make use of software-controlled security policies, optimize operational performance, and reduce space constraints as well as capital expenditure. These appealing qualities are expected to boost the demand for SDDC among end-users and induce growth of the data center security market in the years to come.

Rising popularity of SDDC is projected to be a significant trend that can trigger the growth of the data center security market in the next few years. More and more enterprises are now adopting hybrid cloud, multi-cloud and public cloud solutions to bring down the operational costs as well as the capital expenditure. Given the rising adoption of these cloud solutions, dealing with challenges like vendor lock-ins can become easy in the following years.

On the downside, compatibility issues among services of various cloud vendors can expose enterprises to cyber-threats and attacks, which can work against the growth rate of the market during the review period. To cater to the rising menace of cyber-attacks, companies are providing a wide range of advanced security solutions. Therefore, surging threat of cyber-attacks can accelerate the demand for the data center security solutions market during the conjectured timeframe.

Segmentation:

The global data center security market share has been segmented with respect to component, data center type and vertical.

Component-wise, the market segments covered in the report are solution and services. The solution segment can be split into logical security solutions and physical security solutions. The logical security solutions cater to segments like data protection, threat and application security and infrastructure security. Furthermore, the physical security solutions segment consists of facility security, perimeter security, rack level security and computer room security. Whereas, the services segment comprises managed services and consulting services as well as integration and deployment.

Depending on the data center type, the market includes enterprise data center, large data center along with mid-sized data center.

The main verticals included in the report are healthcare, BFSI, media & entertainment, IT & telecommunication, government & defense and others.

Regional Outlook

The global market for data center security has been studied extensively on the basis of Asia Pacific (APAC), Europe, North America, in addition to the Rest of the World (RoW).

With an out and out study of all the growth opportunities, MRFR believes that North America has the highest potential to achieve the top position in the global data center security market in the ensuing years. surging investments in data centers, rigid regulations, along with unprecedented rise in cyberattacks have led the data center security market to greater heights in the region over the past couple of years.

Europe is observed to be making striking progress and can even attain the fastest growth rate during the estimated period.  A number of enterprises in the region are increasing their investments in cloud solutions, on account of the new regulations pertaining to data protection. Data center security solutions service vendors in the region are also entering partnerships to offer advanced security services that can deal with any type of issue related to cybersecurity. As a result, the rising deployment of cloud services is expected to lay foundation for the data center security solutions in the region during the forecast period.

Top Players

The top players in the worldwide market for data center security include Citrix Systems, Inc. (U.S.), International Business Machines (IBM) Corporation (U.S.), Honeywell International Inc. (U.S.), Cisco Systems, Inc. (U.S.), Hewlett Packard (U.S.), McAfee, Inc. (U.S.), Dell Inc. (U.S.), Robert Bosch GmbH (Germany), Check Point Software Technologies Ltd. (Israel), Symantec Corporation (U.S.), Intel Corporation (U.S.), Siemens AG (Germany), Trend Micro, Inc. (Japan), Fortinet Inc. (U.S.), Schneider Electric SE (France), Juniper Networks, Inc. (U.S.) Tyco International (Ireland), to name a few.

Also Read: https://www.marketwatch.com/press-release/data-center-security-market-to-post-13-cagr-data-center-security-standards-2020-01-09?mod=mw_quote_news 

collect
0
avatar
Ehtesham Peerzade
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more