Data Center Security

Data Center Security Market, By Application Solution, Services, and
Geography - Global Industry Insights till 2025
On basis of geography, the data center security market is segmented into North
America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North
America is expected to account for the largest share in the data center security market,
due to high adoption of the cloud computing solutions and increasing number of data
centers in the region. This data is prone to cyber threat and data breaches and could
lead to heavy losses for companies. Therefore, data security solutions are increasingly
being adopted by companies. For instance, according to the Coherent Market Insights’
analysis, in 2017, the total number of data breaches in the U.S were pegged at 1,580.
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Data center comprises networked computers and stores information that businesses
use to organize and utilize for centralizing IT operation process. Data center security
solutions offers network security, server security, scalability management, protection
against cyber-attacks, and others for enhancing security of these centers. Some of the
major global organizations such as World Health Organization (WHO) and World
Trade Organizations (WTO) and various companies are focusing on taking
appropriate measures on data centers security in order to protect important data.
Therefore, rising security concerns regarding data centers have become a major factor
leading to increasing demand for improved and effective security solutions, which is
anticipated to fuel the market growth.
Growing adoption of virtualization and cloud technology is a major factor
driving growth of the data center security market
Adoption of virtualization and cloud deployments has led to significant increase in
volume of data. However, this data is vulnerable to external attacks without proper
security measures and can lead to loss or breach of confidential data. The major cloud
vulnerabilities for data centers include, session riding, virtual machine escape, and
insecure cryptography. For instance, according to ITRC (Identity Theft Resource
Center) Organization's analysis, in 2016, around 454 data breaches were recorded in
U.S. This is expected to boost demand for improved security solutions to reduce risk
of data breaches in data centers thus, propelling growth of data center security market.
However, availability of additional software at low cost and lack of awareness are the
major factors hampering growth of the market.
Banking and financial sector has emerged as the largest segment in the market
Increasing financial globalization plays a major role in expanding banking and
financial sector. Therefore, for maintaining large volume of data, management of data
centers with efficient security solutions is required. For instance, according to the
ITRC (Identity Theft Resource Center) Organization's analysis, in 2016, around 43
data breaches were reported in the banking and financial sector in the U.S. Therefore,
demand for security solutions is increasing significantly, which has positively
impacted growth of the data center security market.
Data center security market: Competitive Background
Major players operating in the data center security market are Symantec Corporation,
Juniper Networks Inc., Allegion, Arecont Vision, Assa Abloy, Axis communications,
BOON Edam, byRemote, Digitus Biometrics, EMKA, Exacq Technologies,
FutureNet Security Solutions, and Hangzhou Hikvision Digital Technology.
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Data Center Security Market research report categorizes the global market by Application Solution (Logical Security Solutions and Physical Security Solutions), Services (Consulting, Integration & Deployment, and Managed Services), Data Center Types (Small Data Centers, Mid-Sized Data Centers, and Large Data Centers), End-use Industry (Healthcare, Banking and Financial Services Institutions (BFSI), Telecom & IT, and Others), and Geography - Global Industry Insights till 2025