Data Center Security Market Development Strategy, Growth Potential and Business Distribution

Market Highlights

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.

The elevating demand observed for repositories of business data is creating significant traction for the growth of the market. Market reports associated with the information and communication technology industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to expand with a 13% CAGR in the forecast period.

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.

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

Regional Outlook

The regional analysis of the data center security market consists of Asia Pacific, North America, Europe, and the Rest of the World. The North American region is expected to be responsible for the major share of the market, while, the European region is likely to grow at a rapid rate during the forecast period. The North American market’s growth is accredited to technological improvements and amplified adoption of mobile devices enabled with NFC services through numerous industry verticals.

The North American region is likely to hold the major share of the market across the globe followed by the European and Asia Pacific regions. Countries such as the U.S. and Canada are controlling the North American regional market owing to increasing technological improvements and growing demand for data center security solutions and services across several enterprises in the region. The region also has a firm infrastructure, which permits the quicker implementation of advanced technologies. Moreover, the increasing application of cloud-based technologies is another main factor compelling the growth of data center security market in the region.

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.

Segmentation:

The global data center security market size 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.