Sarasota, FL, Dec. 27, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Data Center Security Market by Component (Solutions and Services) for Financial Services, IT and Telecom, Government, Education, Healthcare, Media & Entertainment and Other Application: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022”. 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.
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.
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Browse through 13 Tables & 23 Figures spread over 110 Pages and in-depth TOC on "Data Center Security Market by Component (Solutions and Services) for Financial Services, IT and Telecom, Government, Education, Healthcare, Media & Entertainment and Other Application: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022”.
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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 for the 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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Geographically, data center security market size is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is the biggest market for data center security solutions followed by the Asia Pacific. Prominent vendors are eyeing on emerging economies, on account of the high adoption of cloud computing solutions, high technology adoption rates and increasing numbers of new data centers. One of the major trends that will gain traction to data center security market in Europe is increasing implementation of the software-defined data center (SDDC).
SDDC is delivered as a service through virtualization of the physical infrastructure and helps in improving efficiency and reducing operational costs. It also offers higher availability and better security and facilitates the delivery of workloads through the cloud. Due to the need for better control over their operations, enterprises in Europe will start implementing SDDCs, which will, in turn, help to grow this market over the forecast period. Asia Pacific will be expected highest CAGR in coming years due to development of data centers in economically emerging countries. The steadily growing demand for advanced security solutions in the emerging countries has propelled the market for data center security solutions in the Asia Pacific. Data centers have gained widespread adoption over the years and are widely enforced to create centralization of IT operations in organizations, as growth, integrity, and security of any organization is dependent on security levels.
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Latin America and Middle East & Africa are expected considerable growth over the forecast period. Growth in new data center builds and service partnerships in the UAE and Saudi Arabia are driving the growth of the market in the Middle East & Africa region. Global data centre firm Equinix has a partnership with the Emirates Integrated Telecommunications Company commercially known as du which includes a data centre in the UAE emirate of Dubai.
New data centers are helping Middle Eastern firms now to overcome the main obstacles to cloud adoption such as latency and downtime. At present, Latin American mega data center market is witnessing a significant increase in the domestic demand for co-location services and hosting. The emerging economies of the region have increased the international and domestic businesses, which are investing in mega data centers for the data storage. In the coming years, the Latin American mega data center market is expected to display high growth. As Brazil is the largest market for data centers, it fuels the demand for the Latin American mega data centers market immensely.
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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 others.
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The report segments global human machine interface market as follows:
Global Data Center Security Market: Component Segment Analysis
- Solution
- Logical security
- Physical Security
- Services
- Consulting
- Integration and deployment
- Managed services
Global Data Center Security Market: Application Segment Analysis
- Aerospace and Defense
- Others
- Financial Services
- IT and telecom
- Government
- Education
- Healthcare
- Media & entertainment
- Others
Global Data Center Security Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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