Dublin, June 21, 2021 (GLOBE NEWSWIRE) -- The "Data Center Security Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global data center security market is estimated to grow at a CAGR of 17.77% to reach US$21.858 billion in 2026 from US$6.958 billion in 2019.
The data being generated by the various end-user industries, due to the growing penetration of the internet with the increasing usage of internet services, is boosting the demand for the construction of data centers to manage, save and control the data effectively. The largest data center users including enterprises and hyperscale cloud companies optimizing their data centers globally were seen in 2019. According to Cisco, the global cloud data center traffic is expected to reach 20.6 zettabytes (ZB) per year by 2021 from 6.0 ZB per year in 2016. Cisco expects to witness 628 hyperscale data centers in 2021 worldwide in comparison to 228 in 2016. This, in turn, is leading to an increase in the demand for data center security solutions as there are many security concerns associated with the management of data centers and can lead to the destruction, loss, and hacking of data, therefore, leading to a surge in the market growth over the forecast period.
There has been an increase in cybercrime and cyberattacks to steal the data and use the data for inappropriate uses. According to the report and statistics by the US Securities and Exchange Commission, the cost associated to completely recover from a data breach increased from US$ 4.9 million in 2017 to US$7.5 million in 2018.
Risk has been increasing rapidly due to information breaches from third-party vendors, information theft, and cyber-attacks. Hence, growing cases of data breaches and cyber-attacks are pressurizing enterprises across various industries to opt for data center security solutions to avoid compromising any function of the organization and to avoid the damage regarding revenue generation, thereby positively impacting the market growth.
Restraints of the market of the data center security market include piracy, limited budget of IT, and availability of low-cost substitutes. Planning a data center budget is burdensome for companies due to its many variables that need to be taken into account. Also, the old-style license and the maintenance software agreement are running of the stream. The market players are taking this restraint into account and are offering subscription-based pricing thus removing underlying costs from the data center budget.
Market Drivers
The increase in the demand for advanced security solutions while enabling enterprises to meet regulatory compliance is the major factor driving the market growth of the data center security market. Other drivers of the data center security market include virtualization and cloud computing, growth in the number of sophisticated attacks, and the rise in data traffic which is presenting the immediate need for the secured connectivity. Further, the monitoring solutions and capabilities are one of the driving factors of the data center security solutions. Physical threat to the data center includes human error, cooling, air quality, leaks, and power. Power, fire-related and cooling threats are being monitored by the built-in capabilities of power, cooling device, and fire suppression. Rising dynamic power variations and power density are the two key factors that are leading to the replacement of the conventional personnel-based monitoring systems.
The market is providing opportunities such as integrating physical and logical security solutions, micro-segmentation for the enhanced data center security, and requirements for more data centers. The advent of advanced data security solutions is further proving growth opportunities to the various existing and emerging service providers. The data center is considered to be the key resource for enterprises and requires dedicated security initiatives. Further, the emergence of data center security is aiding in protecting critical information and applications across the virtualized environment with optimum safeguarding.
The players of the market are increasingly focused and are participating in the market through enhanced and effective product offerings to augment the demand for data center security solutions to meet the growing requirement of the rapidly advancing industries. For example, Fortinet offers a product called the "Fortinet Data Center Firewall (DCFW) Solution". This solution makes use of Fortigate firewalls, which are essentially available as high-performance network security appliances and chassis-based systems, which can facilitate intrusion prevention, application control, and anti-malware to the commonly used firewall-VPN combination. The data center firewall makes use of the performance of the FortiGate family with the security intelligence of FortiGuard Labs to provide unmatched performance, with a flexible and high speed 10 GE, 40 GE, and 100 GE interface, with the throughput that ranges from 50 Gbps to 1 TBPS.
COVID-19 Impact.
Security is important during normal times as it protects the companies against a cyber threat but the value has increased exponentially during the coronavirus pandemic as there are unforeseen threats on the horizon that could destroy the business infrastructure and its system. Covid-19 pandemic led to accelerated usage of data on account of an increasing number of users resulting in demand for bandwidth and storage capacities. Individuals such as students, the government, and the private sector have started using digital means to operate their business or profession. The government of India is taking initiatives such as Digital India and is emphasizing self-reliance and data protection by the data localization which is expected to increase the volume of data in the country thus leading to a rise in the demand for cloud service and data centers. Further in India, the government is planning to roll out a data center policy enabling the private sector to establish data center parks in the country these include incentive schemes.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Data Center Security Market Analysis, By Type
5.1. Introduction
5.2. Mid-Sized Data Centers
5.3. Enterprise Data Centers
5.4. Large Data Centers
6. Data Center Security Market Analysis, By Solution
6.1. Introduction
6.2. Physical Security Solutions
6.2.1. Monitoring Solutions
6.2.2. Analysis and Modelling
6.2.3. Access control
6.2.4. Video Surveillance
6.3. Logical Security Solutions
6.3.1. Compliance Management and Access Control
6.3.2. Threat and Application Security Solution
6.3.3. Data Protection Solution
7. Data Center Security Market Analysis, By Service
7.1. Introduction
7.2. Managed security services
7.3. Security Consulting
7.4. Professional services
8. Data Center Security Market Analysis, By Industry Vertical
8.1. Introduction
8.2. Banking and Financial Services
8.3. Manufacturing
8.4. Healthcare
8.5. Government
8.6. Media and Entertainment
8.7. Others
9. Data Center Security Market Analysis, By Geography
9.1. Introduction
9.2. North America
9.2.1. North America Data Center Security Market Analysis, By Type
9.2.2. North America Data Center Security Market Analysis, By Solution
9.2.3. North America Data Center Security Market Analysis, By Service
9.2.4. North America Data Center Security Market Analysis, By Industry Vertical
9.2.5. By Country
9.2.5.1. United States
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. South America Data Center Security Market Analysis, By Type
9.3.2. South America Data Center Security Market Analysis, By Solution
9.3.3. South America Data Center Security Market Analysis, By Service
9.3.4. South America Data Center Security Market Analysis, By Industry Vertical
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. Europe Data Center Security Market Analysis, By Type
9.4.2. Europe Data Center Security Market Analysis, By Solution
9.4.3. Europe Data Center Security Market Analysis, By Service
9.4.4. Europe Data Center Security Market Analysis, By Industry Vertical
9.4.5. By Country
9.4.5.1. Germany
9.4.5.2. Spain
9.4.5.3. United Kingdom
9.4.5.4. France
9.4.5.5. Others
9.5. Middle East and Africa
9.5.1. Middle East and Africa Data Center Security Market Analysis, By Type
9.5.2. Middle East and Africa Data Center Security Market Analysis, By Solution
9.5.3. Middle East and Africa Data Center Security Market Analysis, By Service
9.5.4. Middle East and Africa Data Center Security Market Analysis, By Industry Vertical
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. South Africa
9.5.5.3. Others
9.6. Asia Pacific
9.6.1. Asia Pacific Data Center Security Market Analysis, By Type
9.6.2. Asia Pacific Data Center Security Market Analysis, By Solution
9.6.3. Asia Pacific Data Center Security Market Analysis, By Service
9.6.4. Asia Pacific Data Center Security Market Analysis, By Industry Vertical
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. Australia
9.6.5.4. India
9.6.5.5. Others
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.1. McAfee, LLC
11.2. Cisco Systems, Inc
11.3. Trend Micro Incorporated
11.4. Dell Inc
11.5. IBM
11.6. Hewlett Packard Enterprise Development LP
11.7. Juniper Networks, Inc.
11.8. Broadcom
11.9. IAM Networks
11.10. Fortinet, Inc
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