Latest Market Research Updates: Data Center Security Market Analysis Report

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Data Center Security Market To Reach $15.49 Billion By 2024 | Key Industry Players Symantec Corporation And Juniper Networks Inc.

San Francisco, 26 Nov 2018 - According to a report published by Grand View Research, Inc.; the data center security market is expected to reach a valuation of around USD 15.49 billion by 2024.

Factors such as rise in concerns regarding integrity and sovereignty, growing online traffic due to internet of things (IoT) and online transactions, high adoption of cloud-based infrastructure, increasing cases of cyber-attacks, and development of software defined data center (SDDC) can propel the market over the forecast period (2014 to 2024). Additionally, increasing focus towards implementation better data security and privacy policies by government and organizations is also expected to supplement the market growth.

U.S. Data Center Security Market by Logical Security Solution, 2014 - 2024 (USD Million)

Rise in number of security breaches and growing number of attacks on data centers all over the world has increased the awareness and need for improved security measures, logical as well as physical.

All The Insights And Data On Data Center Security Market www.grandviewresearch.com/industry-analysis/data-center-security-market

Growing adoption of cloud computing platforms and virtualization techniques among the organizations for storage of their business information are expected to boost the market in the coming years. As they create vulnerabilities across the network. Various small and medium enterprises shifting their resources to public clouds. So, increasing amount of data generated online has increased the need to protect information, which includes critical information such as intellectual property, personal information, transaction records. This will fuel the market over the forecast period. Additionally, implementation of software-defined-storage as well as networking and rising trend of bring your own devices (BYOD) are at high risk to intrusion and malware attacks, thereby driving demand for additional control and surveillance in existing infrastructure of the data centers.

Worldwide data center security market can be segmented on the basis of application, component, and region.

Based on application, the market can be split into financial services, IT and telecom, government, education, healthcare, media and entertainment, and others.

The IT and telecom segment is expected to grow on account of rising awareness regarding new threats and complexity of attacks, and development of next generation technology. The financial services segment is likely to exhibit fastest growth in the coming years due to of high threats of intrusions into the networks due to presence of large sensitive business information.

As per components, the market can be categorized into solution and service. The solution segment occupies the major share. The segment can be further categorized into logical and physical security solution. In 2015, the logical segment accounted for more than 80% of the revenue. The service segment can be fragmented into consulting, managed services, and integration and deployment.

In 2015, the managed service estimated for more than 30% of the revenue share and is anticipated to grow at a CAGR of over 12% during 2016 to 2024. Increasing number of cyber-attacks is expected to support the growth of consultancy segment in the coming years.

Geographically, the market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

In some regions, the implementation of data center protection measures is quite low owing to lack of awareness and high initial costs. However, the recent incidence of breaches is expected to increase demand for these solutions. In terms of revenue, Europe and North America are projected to be the major regions due to highly matured data center market and increasing shift of data centers locations to the cold regions is also helping countries such as Canada to attract many companies.

Asia Pacific is likely to grow swiftly in the years to come due to IT spending and increasing adoption of cloud in small and medium enterprises in the region.

Prominent players operating in the market include Cisco Systems Inc.; Juniper Networks Inc.; Trend Micro Inc.; Citrix Systems, Inc.; and Hewlett-Packard Enterprise.

Major players in the market are focusing on R&D, technological advancements and the development of new products to improve their capabilities and to gain competitive advantage. Players are also following strategic mergers and acquisition to gain significant share in the market. The players are also expected to provide customizable and configurable solutions due to complex nature of attacks and continuous advancements in the technologies.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the data center security market has been segmented on the basis of application, service, solution, and region:

Data Center Security Market Application Outlook (Revenue, USD Million, 2015 - 2024)

Financial Services
IT and telecom
Government
Education
Healthcare
Media & entertainment
Others

Data Center Security Market Component Outlook (Revenue, USD Million, 2015 - 2024)

Solution
- Logical security
  - Threat and application security
  - Compliance management
  - Data protection
  - Access control
  - Others
- Physical security
  - Surveillance solution
  - Monitoring solution
  - Access control
  - Others
- Service
  - Consulting
  - Integration and deployment
  - Managed services

Data Center Security Market Regional Outlook (Revenue, USD Million, 2015 - 2024)

North America
Europe
Asia Pacific
South America
Middle East & Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-data-center-security-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Data Center Security Market is Valued To Touch New Height Of $15.49 Billion By 2024: Grand View Research, Inc.

San Francisco, 22 October 2018 - The Data Center Security Market is expected to reach USD 15.49 billion by 2024, according to a new report by Grand View Research, Inc. Data center security encompasses all the measures taken to encapsulate the data center environment and protect it from intrusion. It needs to be safeguarded against attacks and manipulation at both physical and logical level, subsequently creating a need for a cumulative deployment of security infrastructure. The increasing awareness about the need for security, growing demand from the data center users for an integrated infrastructure, increasing adoption of cloud computing and virtualization, and threat to the stored information due to the rising number of cyber-attacks are expected to propel industry over the forecast period.

U.S. Data Center Security Market by Logical Security Solution, 2014 - 2024 (USD Million)

With a large number of businesses moving to cloud computing platforms and virtualization of data storage techniques, the traditional boundaries and perimeters of the networks are being eliminated. The end users need to be upgraded and equipped with new and efficient technology to tackle rising numerous threats and vulnerabilities. These existing conditions are expected to help the industry grow in the coming years.

The demand is also fueled by a large number of small and medium enterprises that are moving their resources to public clouds and the growing amount of data generated online. The necessity to protect and safeguard information, which includes critical information such as transaction records, personal information, and intellectual property, will help to upsurge the demand over the forecast period.

The increasing number of attacks not only jeopardizes the reputation of companies but also endangers large amount of private and corporate information. The recent rise in the attacks in large corporations to gain access to these repositories of data has brought the security issues in the data centers to the forefront, hence creating awareness amongst the industries as well as the masses.

The ever-changing nature of technology and the growing sophistication of attacks have led to innovations and resource pooling by vendors in the data center security market, which may pave the way for customizable and configurable solutions. As there is a growing need for data center security solutions, the market is expected to foresee adoption in numerous diverse verticals.

Browse Full Research Report on Data Center Security Market www.grandviewresearch.com/industry-analysis/data-center-security-market

Further key findings from the report suggest:

The gradual shift toward cloud computing as well as cloud storage and networking is bringing out numerous potential vulnerabilities and risks of exposure of important and crucial information. This has awakened the industry to strive for better and advanced security measures at various levels in the data center networks.
The growing number of security breaches and the increasing number of attacks on data centers across the world are creating awareness regarding the need of improved security measures, both physical, and logical. Moreover, due to the recent exasperating breaches of the information repositories of large corporations, the necessity of a comprehensive security policy and its execution is in a greater demand. With a growing demand from data center users to safeguard their information and the major initiatives taken by the governments as well as industries to regulate data security and privacy, the industry is expected to grow at a rapid rate over the coming years.
Symantec Corporation, Juniper Networks Inc., IBM Corp., Cisco Systems Inc., and Fortinet, Inc. are some of the prominent vendors in the market. The other key vendors include CheckPoint Software Technologies Limited, Dell Inc., Trend Micro Inc., Honeywell International, Citrix Systems, Inc., EMC Corp, McAfee Inc. (Intel Corp.), and Hewlett-Packard Enterprise,among others.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/network-security-software-and-services