Data Center Security Market Research Report – Global Forecast to 2023
The surging demand witnessed for repositories of business data is causing a significant traction for the development of the market. Market Research Future has conducted in-depth study of the global data center security market. The report thus published stated that the global data center security market is predicted to develop at a CAGR of 13% during the assessment period. Business data is extremely valuable, and it has consequently encouraged the innovation of tools that will curtail the risks associated with preserving such data. Additionally, the growing occurrences of data theft has boosted the adoption of data security centers rapidly across the world. Moreover, the surging popularity of online shopping platforms and e-commerce are accelerating the need for mobile applications and it is expected to propel the market during the upcoming years.
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The global data center security market has been segmented based on component, vertical, and data center type. Based on component, the market is categorized into services and solution. The solution segment is further bifurcated into physical security solutions and logical security solutions. The services segment is sub segmented into integration, deployment, managed services, and consulting services. Based on data center type, the market is categorized into mid-sized data center, large data center, and enterprise data center. Based on vertical, the data center security market is segmented into media & entertainment, government & defense, healthcare, IT & telecommunication, BFSI, and others.
The regional study of the data center security market comprises Europe, North America, Asia Pacific, and the Rest of the World. The North America market is estimated to be accountable for the primary share of the market, while, the Europe market is expected to develop at an impressive rate throughout the tenure of forecast. The North America market’s development is attributed to technological advancements and augmented adoption of mobile devices integrated with NFC services by the means of several industry verticals. North America market is estimated to represent the primary share of the market throughout the world followed by the Asia Pacific and European markets. Nations like Canada and the U.S. are controlling the North America market on account of the surging technological progressions and spurring demand for data center security services and solutions throughout several organizations in the market. The region also has a steady infrastructure, which facilitates the fast implementation of innovative technologies. Additionally, the growing application of cloud-based frameworks is another major factor directing the expansion of data center security in the market.
The development patterns are studied in tandem to the consumer preferences to attain the largest growth in the long run. The divergence of the product variety in the market is boosting the avenues for growth of the market. The data center security market is at an extremely productive phase and can be considered proficient of creating greater value for the enterprises in the market and its respective shareholders. The capability to exploit the economies of scale is also proving to be helpful for general market growth. Though, the market has also significantly defused the market advantages and therefore, is promoting a surge in the number of players operating in the market.
The key contenders in the data center security market include Fortinet Inc. (U.S.), International Business Machines (IBM) Corporation (U.S.), Hewlett Packard (U.S.), Symantec Corporation (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), Juniper Networks, Inc. (U.S.), McAfee, Inc. (U.S.), Dell Inc. (U.S.), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), Trend Micro, Inc. (Japan), Intel Corporation (U.S.), Tyco International (Ireland), Citrix Systems, Inc. (U.S.), and Schneider Electric SE (France).
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Global Data Center Security Market: by Component (Solution, Services), Data Center Type (Mid-Sized Data Center, Enterprise Data Center, Large Data Center), Vertical (BFSI, Healthcare, IT & Telecommunication, Media & Entertainment) – Forecast to 2023
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