Global Data Center Security Market: by Component (Solution, Services), Data Center Type (Mid-Sized Data Center, Enterprise Data Center, Large Data Center), Vertical (BFSI, Healthcare, IT & Telecommunication, Media & Entertainment) – Forecast to 2027
Market Synopsis
As per the research by Market Research Future Reports (MRFR), the worldwide data center security market share is estimated to value USD 15 billion with a CAGR of 13% during the review period from 2020 to 2027. The increasing trend of e-commerce and online shopping is a significant factor that drives the global data center security market 2020. With more data being stored on an online platform poses a significant threat of data security. Hence, the market is augmenting at a fast pace. Furthermore, the growing awareness concerning the security of data and the growing adoption of data center solutions is additionally propelling market growth. Besides, increasing cybercrimes have resulted in an increasing demand for data security.
Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.
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Market Segmentation
The global data center security market can be segregated on the basis of data center type, vertical, component, and region.
On the basis of vertical, the global data center security market can be segregated into healthcare, BFSI, I.T. & telecommunication, Government & defense, media & entertainment, and others.
On the basis of data center type, the global data center security market can be segregated into mid-sized data centers, enterprise data centers, and large data centers.
On the basis of components, the global data center security market can be segregated into services and solutions. The solution segment is further classified into physical security solutions and logical security solutions. The services segment is further classified as integration and deployment, managed services and consulting services
On the basis of region, the global data center security market can be segregated into Asia Pacific, North America, Europe, and the Rest of the World.
Regional Analysis
The geographical analysis of Asia Pacific, North America, Europe, and the Rest of the World has been conducted. As per the analysis by MRFR, North America dominates the market. It has been observed that North America acquired the largest market share. The growth of the North American market is majorly accredited to the surging adoption of mobile devices that are enabled with NFC services across several industry sectors. Besides, it is a well-developed region and is technically advanced. The U.S. and Canada play a major role in expanding the market.
On the other hand, Europe is estimated to expand at the fastest rate during the review period. The APAC region is estimated to expand considerably during the forecast period. The regional growth of the market can be attributed to the significant participation coming from developing nations such as India and China. There has been a sudden rise in the usage of mobile apps. Besides, both countries are the two largest populations of the world. Hence, the market is likely to augment significantly.
However, due to the outbreak of pandemic coronavirus, several regions have been adversely affected. The dynamics of the market are changed significantly due to the observation of worldwide lockdown.
Key Players
The forefront players of the global data center security market are International Business Machines (IBM) Corporation (U.S.), Hewlett Packard (U.S.), Fortinet Inc. (U.S.), Schneider Electric S.E. (France), Honeywell International Inc. (U.S.), McAfee, Inc. (U.S.), Robert Bosch GmbH (Germany), Dell Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Siemens AG (Germany), Tyco International (Ireland), Trend Micro, Inc. (Japan), Symantec Corporation (U.S.), Citrix Systems, Inc. (U.S.), and Juniper Networks, Inc. (U.S.).
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Global Data Center Market, By Type (Corporate data centers, Web hosting data centers), Density (Low, Medium, High, Extreme), and Verticals (Banking & Financial Services, Telecom & IT, Government, Healthcare) – Forecast to 2027Market OverviewThe global Data Centre Market is expected to meet the market value at the CAGR of 11% during the forecast period of 2020 to 2027.
The increasing popularity of the global market is expecting to increase the Data Centre Market Size.
The increasing demand for data storage management by leading large enterprises is increasing the demand for the corporate data center segment.
For storing a large amount of mission-critical data, data centers are mostly used by enterprises.These data centers are usually referred to the virtual or physical infrastructures.
These data centers involve various elements such as uninterruptible power supplies, provisions, ventilation, electrical switches, and power distribution units for network connectivity.For monitoring the facilities and overseeing the equipment, modern data centers are using management and monitoring software.
Moreover, the global market might experience restraints because of the high initial cost of investment.
It helps the licensing companies in data center management, planning, operational strategies, risk management, and more.
Augmenting demand led by the Increasing numbers of data centers and leasing companies drives the growth of the market.The market is booming and expected to gain prominence over the next few years.
According to a renowned research firm, Market Research Future (MRFR), the global Data Center Colocation Market is expected to reach a valuation of approximately USD 63 BN by 2023.
In its recently published analysis, MRFR also confirms that the market would register a double-digit CAGR over 14 % throughout the forecast period (2017-2023).Moreover, novel opportunities such as the adoption of cloud computing are escalating the market on the global platform, enforcing the need for data center colocation.
This, in turn, enforces the need for data center colocation.The rapidly growing IT sector fosters the growth of the market, demonstrating a huge need for resources, delivery methods, expansion strategies, and disaster recovery methodologies.
To minimize the cost associated with the operations of data centers and to maximize profits, various organizations are increasingly opting for more scalable and efficient data center management solutions of colocation.
