Data Center Security Market to reach a value of US$ 11.77 Bn in 2022
The highly competitive vendor landscape of the global market for data center security features a large number of core IT solutions providers and several large enterprises dealing in the sector of digital technologies. So as to carve a more profitable growth trajectory in the market, companies have been putting increased emphasis on monetizing opportunities in new application areas and emerging markets, observes Transparency Market Research in a recent report. Companies are also observed to be more actively involved in R&D activities and strategic collaborations with the aim of tapping new application areas and expanding their product portfolios.
Some of the leading companies in the market are Symantec Corporation, McAfee, Inc. (Intel Corporation), Fortinet, Inc., Juniper Networks, Inc., Cisco Systems, Inc., IBM Corporation, Hewlett-Packard Development Company, Dell, Inc., Check Point Software Technologies, Ltd., and Trend Micro, Inc.
According to the report, the global data center security market will register a CAGR of 12.60% over the period between 2014 and 2022, rising to a revenue opportunity of US$ 11.77 bn by 2022.
Interpret a Competitive outlook Analysis Report with PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4814
Software Segment Continues to Be Most Lucrative
Of the key components of a typical data center security solution, the software segment presently accounts for a dominant share in the market, accounting for a lion’s share in the overall valuation of the market at the beginning of forecast period of the report. The trend continues to remain strong and data center security software products continue to account for a significant share of the market to this date. The segment is likely to lead in terms of revenue valuation as well as market share, over the forecast period as well.
From a geographical perspective, the market in North America accounts for the dominant share in the market, thanks to the presence of several leading players as well as a digitally well-developed infrastructure of the enterprise sector that involves the massive usage of voluminous data centers. The region is likely to hold its top spot throughout the report’s forecast period; the market in Asia Pacific is expected to emerge as one of the most promising regional markets owing to an increased focus on the digitization of industries such as BFSI, telecom, and networking.
Increased Focus of Enterprises on Security of Digital Data Drives Market
One of the key factors driving the global data center security market is the rising complexity and sophistication of data thefts and the consecutive rise in demand for advanced security solutions to keep digital data from such looming threats. The increased adoption of data centers in the enterprise sector with the aim of centralizing IT operations and data is compounding the increased need for effective security tools and solutions. The market is also driven due to the increased investment of emerging economies into the improvement of IT infrastructure of enterprise and government sectors.
The vast rise in digital data due to ongoing digitization activities in countries across Asia Pacific and Latin America are also necessitating the use of data center, driving the need for effective security solutions in turn. Rise in R&D activities and the steady influx of advanced and more reliable data center security solutions will drive the market over the next few years.
View exclusive Global strategic Business report: https://www.transparencymarketresearch.com/data-center-security-market.html
This analysis of the global data center security market is based on a recent market research report by Transparency Market Research, titled “Data Center Security Market (Component Type – Logical Components (Threat and Application Security, Access Control and Compliance, and Data Protection), Physical Components, and Services (Managed Services and Consulting Services)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014–2022.”
For the study, the market has been segmented as follows:
Data Center Security Market, by Component
- Logical Components (Software)Threat and Application SecurityAccess Control and ComplianceData Protection
- Physical Components
- ServicesManaged ServicesCloud ServicesOn-premise ServicesConsulting Services
Data Center Security Market, by Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
To understand geography trends, Download Sample Report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4814
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/