Overview
and Scope
Data center security refers to the digital and physical support infrastructure
and mechanisms that protect data center operations, applications and data
against malicious attacks. Data center security aims to safeguard it from risks
to the privacy, safety, or accessibility of commercial information resources or
related intellectual property.
Sizing and Forecast
The data center security market size has grown rapidly in recent years. It will
grow from $11.66 billion in 2023 to $13.57 billion in 2024 at a compound annual
growth rate (CAGR) of 16.4%. The growth in the historic period can be
attributed to rising cybersecurity threats, demand for data privacy and compliance,
increase in data generation, cloud computing growth.
The data center security market size is expected to see rapid growth in the
next few years. It will grow to $23.64 billion in 2028 at a compound annual
growth rate (CAGR) of 14.9%. The growth
in the forecast period can be attributed to increase in ransomware and extortion
attacks, iot and edge computing security, adoption of zero trust security,
increase in security automation. Major trends in the forecast period include
technological advancements, artificial intelligence (AI) and machine learning
(ML), advancements in multi-layered security, increased use of
micro-segmentation.
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Segmentation & Regional Insights
The data center security market covered in this report is segmented –
1) By Component: Solutions; Services
2) By Data Center Type: Mid-Sized Data Centers; Enterprise Data Centers; Large
Data Center
3) By Application: Physical Security Solutions; Logical Security Solutions
4) By Vertical: Banking, Financial Services and Insurance (BFSI); IT And
Telecom; Government and Defense; Healthcare; Media And Entertainment; Other
Verticals
North America was the largest region in the data center security market in
2023. The regions covered in data center security market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East and Africa.
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Major Driver Impacting Market Growth
Increased incidence of cyberattacks and data thefts is expected to propel the
growth of the data center security market in the coming future. A cyber-attack
is any effort to gain accessibility to a personal computer, computing system,
or computer network without authorization to cause harm. Data theft, often
known as information theft, is the unauthorized transmission or storage of
personal, private, or financial information. This could involve login
credentials, program code or algorithms and exclusive procedures or tools. The
increased incidence of cyberattacks and data thefts is expanding the data
center security market. It involves the processes and planning to keep data
centers safe from threats, assaults and illegal access. For instance, according
to the cybersecurity threatscape report by Positive Technologies, a
Russia-based cybersecurity company, the number of cyberattacks increased by 17%
in Q1 of 2021 compared to Q1 2020 and it increased by 1.2% compared to Q4 2020.
Moreover, in June 2022, according to Forbes, a US-based business magazine, the
average frequency of data breaches and cyberattacks rose by 15.1% in 2021
compared to the previous year. Therefore, the increased incidence of
cyberattacks and data thefts drives the data center security market.
Key Industry Players
Major players in the data center security market are Google LLC, Dell Inc., Huawei Technologies
Co. Ltd., Amazon Web Services Inc., Siemens AG, International Business Machines
Corp, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc.,
Broadcom Inc., Hewlett Packard Enterprise Development LP, Tyco International
PLC, VMware Inc., Equinix Inc., NetApp Inc., Palo Alto Networks Inc., Juniper
Networks Inc., Fortinet Inc., Citrix Systems Inc., McAfee Corp., Checkpoint
Software Technologies Ltd., Trend Micro Inc., Nutanix Inc., CyrusOne LLC,
Coresite LLC, QTS Realty Trust Inc., Carbonite Inc., Acronis International
GmbH, Nextlabs Inc., Veritas Technologies LLC. .
The data center security market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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