The value of the Data Center Logical Security market is projected to grow to with an estimated CAGR of % by
During the projected period, the global data centre logical security market is expected to increase at a highest CAGR. The global use of cloud computing, virtualization, and the growing security concern about restricted data are some of the important drivers driving the global market's growth. However, the availability of low-cost, substitute software solutions, as well as a lack of understanding of the solutions and their benefits, are limiting the market's growth. However, the increasing use of advanced security solutions and the fast rise in the number of new data centres are providing abundant opportunity for many established and new logical security solutions and services providers.
The global Data Center Logical Security market size was estimated to reach over USD 3.5 Billion in 2020, and projected to grow significantly with a CAGR of 8.7% over the forecast period. The market growth rate is expected to accelerate due to rising data traffic on a global scale, as well as increased demand from end users, primarily in the communication industry. The rising demand for smart phones, as well as a communication network for entertainment, is expected to have an impact on data traffic, contributing to the data center's market growth rate and the logical security provided. Due to the country's growing data traffic, Alibaba Cloud opened a new data centre in Indonesia in January 2019. As a result, the increasing number of data centre launches is expected to increase demand for data centre logical security, contributing to the market's growth rate.
The huge increase in the growing infrastructure is likely to be a key driver for the industry, as 5G deployment is rapidly increasing across all areas. Furthermore, 5G makes edge computing a requirement, necessitating geographically connected data centres, affecting the demand for Data Center Logical Security. Ericsson stated in January 2020 that Orange France had chosen the business for 5G implementation in France. Because 5G development necessitates connected data centres, the demand for data centre logical security is increasing, adding to the market's rapid expansion.
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Because many businesses are uninformed of cyber risks, attacks are on the rise, slowing the market's growth rate. Furthermore, ransomware assaults are increasing at an alarming rate, posing a new threat to security companies. As the number of data centres grows due to numerous circumstances, the threat grows as well. However, a lack of awareness regarding security elements such as data centre logical security is expected to slow the market's growth pace.
Data Center Logical Security Market Scope
| Metrics | Details |
| Base Year | 2020 |
| Historic Data | 2018-2019 |
| Forecast Period | 2021-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 3.5 billion |
| Growth Rate | CAGR of 8.7% during 2021-2028 |
| Segment Covered | Solution, Services, Data Center Type, Industry Vertical, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Key Players Profiled | CISCO SYSTEMS, INC., DELL EMC, VMWARE INC., CHECKPOINT SOFTWARE TECHNOLOGIES LTD., and JUNIPER NETWORKS INC., amongst others.. |
Key Segments of the Global Data Center Logical Security Market
Solution Overview, 2019-2028 (USD Million)
- Threat and Application Security Solutions
- Access Control and Compliance
- Data Protection Solutions
Services Overview, 2019-2028 (USD Million)
- Security Consulting services
- Managed Security Services
Data Center Type Overview, 2019-2028 (USD Million)
- Mid-Size
- Enterprises
- Large
Industry Vertical Overview, 2019-2028 (USD Million)
- BFSI
- IT and Telecom
- Retail and E-commerce
- Government
- Healthcare
- Energy
- Others
Regional Overview, 2019-2028 (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Data Center Logical Security market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global Data Center Logical Security market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Data Center Logical Security industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on Solution, Services, Data Center Type and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Data Center Logical Security market. The report will benefit every stakeholder involved in the Data Center Logical Security market.
- Managers within the Data Center Logical Security industry looking to publish recent and forecasted statistics about the global Data Center Logical Security market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global Data Center Logical Security market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The base year for the report is 2020 in used cars market.
The data centre logical security market was valued at USD 3.5 billion in 2020
The data centre logical security market is growing at a CAGR of 8.7% during the forecast period..
Data centre security is critical because it must address both the network and physical security of the data centre. The data centre security market is booming, and adoption rates are likely to rise during the forecast period, contributing to the market's rapid growth. The study delves into the global data centre security industry in depth. The market has been divided into several industry verticals, including Banking, Financial, and Insurance Services (BFSI), IT & telecom, government & defence, healthcare, media & entertainment, and others, with BFSI accounting for the largest market share and government and defence accounting for the highest CAGR.
The surge in data traffic, virtualization, and cyber threats are only a few of the major drivers propelling the data centre logical security industry forward. However, lack of knowledge and the availability of low-cost substitute software are two main challenges that may limit the growth of the data centre logical security industry. Nonetheless, the global data centre logical security market's capacity to deal with security breaches and the protection of sensitive data from unauthorised users is expected to drive the market's growth.
Solution Segment
Based on the Solution segment, the market is classified into Threat and Application Security Solutions, Access Control and Compliance, Data Protection Solutions.
Services Segment
Based on the Services, the market is segmented into Security Consulting services, Managed Security Services.
Data Center Type Segment
Based on the Data Center Type, the market is segmented into Mid-Size, Enterprises and large. According to research, large data centres will have the biggest market share in 2019. This sector includes data centres with compute space of more than 20,000 square feet. Because these data centres use a big number of servers and manage a huge quantity of data, the danger of attacks and losses is substantial. As a result, demand for Data Center Logical Security is expected to increase significantly during the forecast period 2020-2028, contributing to the market's growth.
Industry Vertical Segment
Based on the industry vertical, the market is segmented into BFSI, IT and Telecom, retail and E-commerce, Government, healthcare, Energy, and others. In 2019, the BFSI sector is expected to hold the largest market share, followed by the IT & Telecom sector. With the gradual transition to adopting cloud models for data storage in banks, data centre logical security acceptance is undoubtedly increasing. As linked solutions necessitate data centres, this is expected to contribute to market growth. BFSI encompasses the management of banking services such as core banking, mutual funds, insurance, and others, as well as physical and virtual servers, all of which contribute significantly to the market's growth rate. IT and Telecom are expected to increase at a significant rate, owing in large part to the rollout of 5G.
Because of the increased data traffic from nations such as China and India, APAC is expected to be the most dominant region in 2019. The increasing trend in India toward digitalization, which includes projects such as Digital India, Smart Cities, and others, is expected to considerably contribute to market growth. All of this necessitates networked solutions, which increases demand for data centre equipment such as racks, power sources, cable management supplies, and other related items. China's vast banking sector is also a big contributor to the market's rapid growth. Furthermore, the increasing deployment of 5G in several nations is expected to accelerate the market's growth rate.
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The major players of the global Data Center Logical Security market are CISCO SYSTEMS, INC., DELL EMC, VMWARE INC., CHECKPOINT SOFTWARE TECHNOLOGIES LTD., and JUNIPER NETWORKS INC., amongst others. These players have adopted various strategies, such as new product launches, partnerships, agreements, collaborations, mergers & acquisitions, and business expansions to cater to the needs of the Data Center Logical Security market. Renowned companies are offering new and modern Data Center Logical Security Threat and Application Security Solutions solutions. Besides, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.