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Data center security market forecast to 2023 detailed in new research report

Data center security market forecast to 2023 detailed in new research report

The pursuit of practices known to make data centers highly secure from attacks and threats is termed as data center security. Data center is considered to be a key resource for enterprises and thus needs dedicated security initiatives.

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Emergence of data center security has helped in safeguarding critical information as well as applications across virtualized environments with optimum protection. 

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Furthermore, there are a range of factors driving, restricting and creating opportunities for the data center security market.

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Increasing demand for advanced security solutions, while enabling enterprises meet the regulatory compliance has emerged as a key driver.

Growing adoption of data center virtualization, big data analytics & cloud computing and rise in cyber threats are few of the many factors fueling the growth of data center security market. Nonetheless, availability of substitute software at low cost and lack of awareness are the prime factors hindering the growth of this industry.

On the other hand, advent of advanced data security solutions, would be providing ample growth opportunities to different existing and emerging service providers.

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The market is bifurcated in terms of solution, service, industry, and geography. In terms of solutions, the market is segmented into physical and logical security solutions.

The market is also segmented based on industry vertical namely healthcare, BFSI, information technology & telecom, energy, government and others. Market by service is divided into consulting services, managed security services and professional services.

To study the market by geography, the market has been divided into four major regions namely North America, Europe, Asia Pacific and LAMEA.

Strategies such as contact upgradation and joint ventures have helped the companies maintain a competitive edge in the market. Enterprises are observed making huge investments in research and developments to improve their brand image.

Some of the prominent market players include IBM, MacAfee, HP, Schneider Electric, Dell, Symantec, Check Point Software Technologies, Cisco Systems, Juniper Networks and Fortinet, Inc. among others.

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