Increasing confidential information and critical data, managing modern data centers present many challenges. IT organizations are consolidating and re-architecting data centers in order to get the large storage with high-end security to operate their businesses and manage costs. The exponential growth of technologies like virtualization and cloud-based solutions enabled companies to deploy more data heavy applications. Several IT companies are trying to consolidate their collection of server rooms and data centers into centralized regional states, the key concern is the security of the data and hence there is a rising demand for the data center security market.
According to the report, global data center security market was valued at around USD 6.15 billion in 2016 and is expected to reach approximately USD 14.11 billion in 2022, growing at a CAGR of 14.85% between 2017 and 2022.
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Increasing number of new data centers and adoption of advanced security solutions is presenting significant opportunities to the established and new security solutions providers. High investment in the infrastructure to meet the growing demands from various sectors is propelling the demand of data center security market. The security of the data and prevention of accidental or intentional manipulation of hardware means that data centers are placed in well-constructed, sturdy buildings that house servers, storage devices, and cables. Increasing safety concern for business and personal data and increasing need for cloud computing and data virtualization are the factors which are making the data center security market to grow lucratively over the forecast period.
Data center security market is divided on the basis of component and application. Components of the data security are solution and services. The solution is further divided into logical security and physical security. Servers and storage units which are housed in the data centers require physical security from external threats which can disrupt business activities. Video surveillance through cameras, access control systems, perimeter security among others are major security solutions being deployed by enterprises for physical security. Services are further bifurcated into consulting, integration and deployment and managed services.
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By region, North America held the largest share and will be expected steady growth in coming years. By application, the market segments financial services, IT and telecom, government, education, healthcare, media & entertainment and others Asia Pacific projected highest CAGR owing to developing IT & Telecom sector, and increasing requirement to secure data in different sectors like BFSI, government, and others.
The major players operating in data center security market are Symantec Corporation, Juniper Networks Inc., IBM Corp., Cisco Systems Inc., and Fortinet, Inc., CheckPoint Software Technologies Limited, Dell Inc., Trend Micro Inc., Honeywell International, Citrix Systems, Inc., EMC Corp, McAfee Inc. (Intel Corp.), and Hewlett-Packard Enterprise, among other.
More Information, Browse PDF Report: Data Center Security Market to rise USD 14.11 Billion by 2022, Says Zion Market Research