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Data Center Security Global Market to Expand at Steady CAGR of 12.6% owing to Increased Security Measures and Virtualization
Data Center Security Market [By 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
Published 30 October 2015
Data center security solutions are essential in the operations of IT organizations and help in the management, storage, and distribution of data. Data center security systems are crucial to the continuity of workaday operations and to manage storage and information security systems. There has been a noteworthy change in the data centers market in recent years and organizations are increasingly deploying data center security solutions to improve overall management of data. The data center security market is foreseen to expand at a steady CAGR of 12.6% from 2014 to 2022.
Data center security systems offer great flexibility to operate an extensive range of applications. They help access data, maintain the privacy of data, and protect the integrity of data and systems. Data is crucial to the overall success of an organization and hence a massive rise in demand for data center security solutions is anticipated across the world. Escalation in demand for virtualization of services, data center backups, and investigation of unauthorized intrusions into data centers is responsible for the expected market expansion of data center security services globally.
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Logical Components Largest Market Segment Due to Superior Protection and Integrity of Data
Segmentation of the data center security solutions market breaks down the market into physical components (hardware), logical components (software), and services. Among these segments, logical components and security services had an 85% share in market revenue in 2013. Applications of data center security software in data centers include threat and application security, data protection, access control, and compliance. Most of the major companies that use data center security solutions are stressing on the importance of developing integrated data solutions and hence this element is gaining increasing importance in the data center security market. The threat and application security software and data protection software sub-segments of the logical components segment jointly accounted for 75% of the market revenue in 2013.
Cloud-Based Solutions Gaining in Demand, to Lead Data Center Security Market
The services segment of the data center security services market includes consulting services and managed services. The managed data center security services segment is further segmented into cloud-based and on-premise deployment services. Among these sub-segments, the cloud-based services segment contributed the most in the managed services segment, owing to the increased use of cloud-based services.
Cloud-based services are expected to lead demand from the global data center security market, due to their greater convenience to enterprises. Other factors responsible for increased adoption of data center security services include the need for protection against increasing data center attacks and threats, and security concerns about safeguarding business data.
North America held 40% of the market in data center security services in 2013 in terms of revenue. Major players in the global data center security market are Dell, Inc., Symantec Corporation, Hewlett-Packard Development Company, L.P., Juniper Networks, Inc., Cisco Systems, Inc., IBM Corporation, McAfee, Inc. (Intel Corporation), Fortinet, Inc., Check Point Software Technologies, Ltd., and Trend Micro, Inc. Additionally, there are many new entrants in the market providing data security solutions.
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