Data Center Security Market: Global Industry Analysis and Forecasts (2023-2029)

The Data Center Security Market was valued at US$ 14.63 Bn. in 2022 and is expected to reach US$ 41.25 Bn. by 2029, at a CAGR of 15.96% during a forecast period.
Data Center Security Market Overview:
Global Data centers are collectively referred to as any stores of commercial data that require specialized protection. Done solely to protect data from all types of attacks and threats. The ultimate goal of data center security is to make enterprises the safest possible. Data is not available to hackers or anyone else attempting to gain unauthorized access to your data. Because data centers are complex, security components must be reviewed separately while adhering to a broader security plan. Physical security and software security are the two types of security.To know about the Research Methodology :- Request Free Sample Report
COVID -19 Impact:
Most industries around the world have been badly impacted in recent months. This is due to major disruptions in their separate manufacturing and supply-chain operations as a result of numerous precautionary lockdowns and other limitations imposed by governing bodies around the globe. The same holds true for the global Data Center Security market. Moreover, consumer demand has subsequently decreased as people are now more focused on decreasing non-essential expenses from their separate budgets as the general economic condition of most people has been badly impacted by this outbreak. These factors are expected to weigh on the revenue trajectory of the global Data Center Security market throughout the forecast period.
Data Center Security Market Dynamics:
Rising number of enterprises, and increased adoption of cloud computing platforms and visualizing their business information storage by enterprises, which requires more and more detailed physical and logical measures to be adopted and implemented, which is driving the growth of the data center security market. In addition, the emergence of workplace virtualization, software-defined networking, software-defined storage, and the growth of Bring Your Own Device (BYOD) have created a need for data center security to protect data from malware attacks and intrusion threats.

The emergence of advanced technologies and new technologies is expected to drive the need for greater defense measures and upgrades of existing systems, as well as virtualized infrastructure and authorization layers. In addition, factors such as incident response, disaster recovery and incident management systems, as well as the increasing demand for compliance management systems, are accelerating market growth. Increased frequency of cybercrime and data hacking, as well as increased awareness about data security, are expected to drive growth in the Data Center Security Market. In addition, the adoption of security solutions for securing data in the cloud and on-premises is driving demand for the Data Center Security Market.

The high initial cost and lack of data security awareness are expected to limit the growth of the Data Center Security Market. In addition, poor adoption of data center security measures in some regions is likely to stymie the growth of the Data Center Security Market. But, rising use of new technology and an increasing number of security solutions are expected to present profitable prospects in the next few years. Many benefits are not being utilized; however, certain perks are currently available as opportunities. These opportunities are primarily why businesses have begun to concentrate on designing data center security for small-scale retail and hospitality locations. Furthermore, cutting-edge firms are focusing on serving with electronic registers, which are used to order and decrease all operating mistakes, which are primarily caused by hackers and others with unauthorized access. When E-Commerce and online shopping platforms make a profit, further options emerge.
Segment Analysis:
Based on data center, Enterprise Data Center segment held largest market share of xx% in 2022. An Enterprise Data Center is made up of numerous data centres, each with the responsibility of sustaining important functions. The three main types of enterprise data centre are internet, intranet and extranet. The growing demand for data centre security systems from these many data centres is driving the growth of the Enterprise Data Center segment throughout the forecast period. These companies that generate and use data require data centres to run their operations. They will suffer from a lack of timely and secure data access if these centres do not exist. This failure to supply services will eventually result in the loss of clients and earnings.

Based on Application, The Data Center Security Market is divided into two categories: logical security solutions and physical security solutions. Among this segmentation, the logical security solution segment is expected to have the greatest market share in the Data Center Security Market, while the physical security solution segment is expected to grow at the fastest CAGR during the forecasted period. The growth of the solution category can be attributed to better analytics and proactive technologies, as well as increased global investment in data center security. Logical security not only protects data centers from recognized dangers such as cyber-attacks, but it also protects data centers from themselves. Companies can ensure that no one can access their sensitive data without their permission by establishing logical security measures and constantly updating user access lists.
Regional Insight:
The North America region held largest market share of xx% in 2022. North America has proven to be the leading shareholder in the data center security sector. North America offers the most data center security market opportunities, which will help it develop even more. Because of recent technical developments and refinements, the United States and Canada have dominated the North American market. Furthermore, there is a growing demand for data center security solutions and services across a wide range of organizations in this region. People are paying greater attention, and more awareness is being raised about the importance of data, particularly in business. The region has a well-established infrastructure, which enables for the immediate application of any advanced technologies available globally. Furthermore, the increasing adoption of cloud-based technologies is a crucial factor driving the rise of data center security market trends in this area.

The objective of the report is to present a comprehensive analysis of the Data Center Security market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Data Center Security market dynamics, structure by analyzing the market segments and projects the Data Center Security market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Data Center Security market make the report investor’s guide.
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Data Center Security Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 14.63 Bn.


Forecast Period 2023 to 2029 CAGR:
15.96 %
Market Size in 2029:
US $ 41.25 Bn.


 Segments Covered:
by Application
Physical Security Solutions
Logical Security Solutions


by Data Center Type
Mid-Sized Data Centers
Enterprise Data Centers
Large Data Center


by Verticals
BFSI
IT and Telecom
Government and Defense
Healthcare
Media and Entertainment
Others



Data Center Security Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Data Center Security Market Key Players
1. Hewlett Packard Enterprises
2. IBM Corporation
3. Fortinet
4. Honeywell International
5. Schneider Electric SE
6. McAfee
7. Dell
8. Robert Bosch Gmbh
9. Cisco systems, Inc.
10. Fortinet Inc.
11. Check Point Software Technologies Ltd.
12. Siemens AG
13. Trend Micro, Inc.
14. Tyco International
15. Symantec Corporation
16. Juniper Networks, Inc.
17. Citrix Systems, Inc.
18. MacAfee
19. VMware Inc.
20. IAM Networks
21. Nextlabs
22. Nucleus Cyber
Frequently Asked Questions:
1. Which region has the largest share in Data Center Security Market?
Ans: North America region holds the highest share in 2022.

2. What is the growth rate of Data Center Security Market?
Ans: The Data Center Security Market is growing at a CAGR of 15.96 % during forecasting period 2023-2029.

3. What segments are covered in Data Center Security Market?
Ans: Data Center Security Market is segmented into application, data center type, verticals and region.

4. Who are the key players in Data Center Security Market?
Ans: The important key players in the Data Center Security Market are – Hewlett Packard Enterprises, IBM Corporation, Fortinet, Honeywell International, Schneider Electric SE, McAfee, Dell, Robert Bosch Gmbh, Cisco systems, Inc., Fortinet Inc. , Check Point Software Technologies Ltd. , Siemens AG , Trend Micro, Inc. , Tyco International , Symantec Corporation.

5. What is the study period of this Market?
Ans: The Data Center Security Market is studied from 2022 to 2029.