The global Data Center Logical Security market size is predicted to reach over USD 3.5 billion in 2020 and projected to grow at a CAGR of 8.7% over the forecast period.
Due to expanding data traffic on a global scale, as well as increased demand from end users, particularly in the communication industry, the market growth rate is predicted to rise. The increased demand for smart phones, as well as a communication network for entertainment, is predicted to have an impact on data traffic, contributing to the market growth rate of data centres and the logical security provided. Alibaba Cloud established a new data centre in Indonesia in January 2019 in response to the country's surging data traffic. As a result of the rising number of data centre launches, demand for data centre logical security is predicted to rise, contributing to the market's growth rate.
The market's growth rate is expected to accelerate due to increased global data traffic 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 market growth rate and logical security provided by data centres. In January 2019, Alibaba Cloud opened a new data centre in Indonesia in response to the country's increasing data traffic. As a result, the growing number of data centre launches is expected to drive up demand for data centre logical security, contributing to the market's overall growth rate.
The report also emphasizes several distinctiveness of the global Data Center Logical Security industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the Data Center Logical Security industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The Data Center Logical Security market has tough competition among the new emerging and pre-established market vendors. Besides, the Data Center Logical Security industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
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.
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.. Renowned companies are offering new and modern Data Center Logical Security software solutions. In addition, 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.
Segment Overview of 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)
Industry Vertical Overview, 2019-2028 (USD Million)
- IT and Telecom
- Retail and E-commerce
Regional Overview, 2019-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America