Market Synopsis
Market Research Future (MRFR) presumes that the Virtualization Security Market 2020 can touch USD 8 billion by 2023-ened. The market can also thrive at a rate of 12% between 2017 and 2023 (evaluation period). We will provide COVID-19 impact analysis with the report, along with the developments post the coronavirus disease outbreak.
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Market Segmentation
The Security Virtualization Market Size has been considered for type, services, Infrastructure and end-users.
The types of virtualization security are hardware, software, services and more. The software-wise segments are security management, system & networking management, virtual client computing software and operating system. The services outlined in the report are consulting, support & maintenance and Integration & design. The hardware virtualization security types are memory, network I/O capacity and CPU.
Infrastructure-wise, the main segments can be hypervisor, virtual switch, virtual machine, web server, and others.
The top end-users in the global industry are IT & telecommunication, cloud service provider, retail, government, healthcare and more.
Regional Insight
The market for virtualization based security has been regionally dissected into Europe, Asia Pacific/APAC, North America as well as RoW/rest of the world.
The North American market for virtualization security has gained maximum prominence around the globe, thanks to the rising popularity of identity and access management. Also, enterprises in North America generally demonstrate compelling growth when it comes to adopting virtualization security services and solutions, given the massive pool of technically skilled experts as well as the considerable IT budgets.
The Virtualization Security Market Report in Europe is advancing at the fastest rate, since it is a highly proficient technological region, and observes high penetration of cloud among IT organizations that are aiming for better data security. Since Europe is home to a huge number of widely known virtualization security vendors, the market could expect better prospects in the years ahead.
Leading Market Vendors
The leading market vendors considered in the MRFR study include Oracle corporation (U.S.), Ericsson Networks (Sweden), Dell Inc. (U.S.), Juniper Networks, Inc. (U.S.), Altor Networks (U.S.), Red Hat, Inc. (U.S.), Symantec Corp. (U.S.), Trend Micro Inc. (Japan), Fortinet Inc. (U.S.), Sophos Ltd (U.K), Hewlett-Packard (U.S.), Citrix Systems, Inc. (U.S.), CA Technologies (U.S.), Intel Security Group (U.S.), VMware Inc. (U.S.), to name a few.
Key Boosters and Main Challenges
Ever since the COVID-19 outbreak and the consequent lockdown, many industries, IT included, have had to face massive financial loss. Along with it, the pandemic has brought a slew of data breaches and security risks in the IT infrastructure, in light of the growing adoption of cloud computing. With a growing number of hackers trying to procure essential data by entering the security layers of the cloud environment, the need to maintain a context-aware, continuous security to monitor every access into the data center has surged exponentially, which could mean favorable prospects for the virtualization security market. In these uncertain times, virtualization and security have become two key trends in the ICT industry, which not only ensure uninterrupted business but a safe one as well.
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The SARS-CoV-2 outbreak has further pushed vendors to spend massively on virtualization security, given the rising need to manage security services. Moreover, following the rising cases of novel coronavirus, the work from home model is being adopted by companies and remote working has become the new norm. However, the high IT vulnerability means that the data breaches have been rampant and the concerns with regard to data security have mounted as well. This is where virtualization security solutions are helping employees manage remote work while also ensuring optimum security of the network. With the rising adoption of virtualization for security, employees are now able to access critical applications on any device, from any location and any time.
Industry leaders are spending increasingly on research and development to develop advanced products, which could give them major edge over their rivals. Strategic acquisitions, mergers, affordable portfolio and innovations are some of the top marketing hacks that are being adopted by these players to make their presence felt worldwide. To cite a reference, Google has added the Secure Encryption Virtualization features in their 2nd Gen EPYC processors, which will help cloud vendors to encrypt every memory and data in a virtual machine as per the VM level.
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The global virtualization security market size is expected to grow from USD 1.3 billion in 2019 to USD 2.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period.
Various factors such as increasing adoption of virtual applications across SMEs and large enterprises.
Driven by multiple factors, such as flexibility, cost-saving, and availability, an increasing number of companies are transferring their data to the cloud (though this is also exposing these companies to various risks associated with virtualization).Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=124607544Virtual Infrastructure protection segment to grow at the highest CAGR during the forecast periodVirtualization security led to an increase in the reliability of virtual network environment and the underlying infrastructure, which is essential for growing cloud services.
Virtualization security helps to improve business competitiveness by increasing enterprise business efficiency and user productivity.
Furthermore, this type of solution provides a central control point for authenticated access to all hypervisor and management control points, and hence, organizations are deploying virtualization security solutions.Managed services to grow at a higher CAGR during the forecast periodManaged services mostly revolve around the term “outsourcing.” Technologies such as big data analytics, blockchain, and AI are rapidly evolving.
Therefore, protecting business-critical applications is getting tougher every day.
Market ScenarioCompanies such as Trend Micro Inc. (Japan), Symantec Corp. (U.S.), VMware Inc. (U.S.), Fortinet Inc. (U.S.), Hewlett-Packard (U.S.), Dell Inc. (U.S.), Ericsson Networks (Sweden), Intel Security Group (U.S.), are the leading providers of virtualization security solution in the global market.
On June 2016, Cisco System Inc. announced their new platform Cisco tetration analytics, which is been designed to help customers for gaining visibility over data centers in real time.
Prominent companies are investing in Virtualization Security Market due to growing demand for managed security services among organization which is propelling the virtualization security market growth.The growing demand for cloud computing is one of the main driving factors of the virtualization security market growth.
On December 16, 2015, Trend Micro Incorporated innovated and reinforces cloud security for better performance in the cloud sector.
The emergence of the internet of things is boosting the virtualization security market growth to the large extent.
Market leaders are investing into research and development for innovating their products continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, and cost-effective product portfolio.Virtualization Security Market Segmentation:The global virtualization security market is segmented into type, services, Infrastructure, end-users, and region.
The Virtualization Security Market Research Report aims to present insights that demonstrate the market scope, potential, structure, development, and historical perspective.
The Best part of this research report is, it analyses the current status where all are fighting with the COVID-19, and this report also provides the new opportunities and market impact.
Get a Sample Copy of this report with the latest Industry trends and COVID-19 Impact @:https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-virtualization-security-market This Virtualization Security Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
Some of the geographies included in this study:North America (Canada, The United States, and rest of North America)Europe (France, Germany, and Rest of Europe)Asia-Pacific (India, Japan, China, and the rest of Asia-Pacific)LAMEA (Brazil, Turkey, and the rest of LAMEA) Major players covered in the Virtualization Security Market reportIBM Corporation, Dell, Intel Corporation, McAfee, LLC, Trend Micro, VMware, Inc, Juniper Networks, Fortinet, Inc., Sophos Ltd., Cisco Systems Inc., HP Development Company, L.P., Symantec Corporation, Huawei Technologies Co., Ltd.
Scope of the ReportA large-scale Virtualization Security Market report delivers a comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market.
Profiles of Manufacturers: Here, players of the Global Virtualization Security Market are considered by deals region, income, key items, net edge, and cost.
Virtualization Security Market to Touch USD 8 Billion at 12% CAGR by 2027Rapid Rise in Cyber-Attacks to Boost Virtualization Security Market Growth North America to Remain Domineer in Virtualization Security Market Virtualization Security Market Analysis/Virtualization Security Market Scenario The global virtualization security market size will touch USD 8 billion at a 12% CAGR during the forecast period 2020- 2027, states the latest Market Research Future’s (MRFR) virtualization security market forecast.
As per the recent MRFRmarket estimates, such factors include the growing need for managed security services among various organizations and businesses, rapid rise in cyber-attacks, the growth of digital and software industry, increasing awareness about the various benefits of virtualization security, and different virtualization security policies, and favorable virtualization security solutions.
On the contrary, complexities associated with installation and management, drawbacks of virtualization, shortage of trained professionals, and lack of familiarity of the virtual security, may impede the global virtualization security industry growth over the forecast period.
The key factors boosting the market growth is the burgeoning need for cloud computing technology particularly in the healthcare domain for analyzing patients’ data.
By services, the global virtualization security market is segmented into support and maintenance, consulting, integration and design, and others.
Regional Analysis By region, the global virtualization security market covers the recent trends and growth opportunity across Europe, North America, the Asia Pacific (APAC), and Rest of the World (RoW).
