The global data center security market size is likely to project a CAGR of nearly 13.6% during the forecast years 2021-2028. Data center security market is driven by the increasing government initiatives to eliminate copyright issues and geo-blocking problem to deliver a better network service access for consumers. The adoption of data center security services is drven by the increased need and demand for scalable data centres.
The present and future data center security market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the data center security market opportunities during the forecast year are factors such as the increasing construction of hyperscale data centers and rising colocation investment across data centers are the key factor driving the market growth for factoring market.
Also, the advancements in video analytics and cloud-based analytics and use of anti climb perimeter security for data security are another factors driving the market growth. Furthermore, an increase in the number of edge data center facilities and cloud computing and edge processing is likely to provide lucrative development opportunities for the data security market in the forthcoming years.
The report also emphasizes several distinctiveness of the global data center security industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the data center 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 security market has tough competition among the new emerging and pre-established market vendors. Besides, the data center 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.
In terms of the application, the market is categorized into BFSI, Healthcare, Energ, Information Technology and Telecom, Government, and Others. The BFSI sector is predicted to achieve the largest growth during the forecast years 2021-2028. This growth is mainly due to the regulatory agencies which put a strong focus on adherence to guidelines and compliances of respective authorities.
The North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the data center security market in this region is mostly ascribed to the uprising technological advancements and enhancements. Also, there is increasing demand for data center security solutions and services all across various enterprises in this region. However, the growth in Asia Pacific and Europe region is likely due to the presence of developing countries like China and India.
The major players of the global data center security market are IBM, MacAfee, HP, Schneider Electric, Dell, Symantec, Check Point Software Technologies, Cisco Systems, Juniper Networks, Fortinet, LLC, Citrix Systems, VMware Inc., Siemens, Amazon Web Services, and Huawei Technologies Co. Renowned companies are offering new and modern factoring 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 security Market
Solution Overview, 2021-2028 (USD Million)
- Logical Security Solution
- Physical Security Solution
Services Overview, 2021-2028 (USD Million)
- Managed Security Services
- Security Consulting
- Professional Services
Application Overview, 2021-2028 (USD Million)
- Information Technology and Telecom
Regional Overview, 2021-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of World (RoW)