Data Center Security Market Expected to Reach US$ 11.77 Bn by 2022 Globally

According to a new market report published by Transparency Market Research “Data Center Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022”, the global data center security market was valued at US$ 4.05 Bn in 2013 and is estimated to grow at a CAGR of 12.6% during the forecast period from 2014 to 2022. Use of data center security solutions facilitates its users with uninterrupted operations of the data centers and provide physical and logical security to the data centers. Data center security solutions are responsible for performing some of the major operations such as data center back-ups, threat control, access control and detection of unauthenticated intrusions in the data centers. Increasing demand adoption of cloud computing and virtualization services is one of the major factors driving the demand for data center security. In addition, increasing investment in Internet of Things (IoT) by most of the firms along with increasing annual percentage of attacks on data centers are most significant growth drivers for the data center security market. In 2013, North America was the largest market for data center security solutions with a share of around 40% in terms of revenue. 

 

The data center security market comprises logical components (software), physical components (hardware), and services. Logical components and security services are the major market segments which accounted for more than 85% of the market revenue in 2013. Threat and application security, access control and compliance, and data protection are the various types of data center logical components. Integrated data center security solutions are anticipated to play a major role in the data center security market. Most of the major firms providing data center security solutions are emphasizing on the development of their integrated data center security solutions portfolio. In 2013, threat and application security software and data protection software were the major segments of the logical component, which collectively accounted for more than 75% of the segment revenue. 

 

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Managed services and consulting services are the type of services considered under data center security services segment. Further, managed data center security services segment is classified on the basis of deployment type into cloud-based and on-premise services. Cloud based services segment was the largest contributor to the managed services segment. Further, with the increasing adoption of cloud based data centers, cloud services are anticipated to witness healthy growth over the forecast period. Key players in the global data center security market include Cisco Systems, Inc., Symantec Corporation, McAfee, Inc. (Intel Corporation), IBM Corporation, Hewlett-Packard Development Company, L.P., Dell, Inc., Juniper Networks, Inc., Fortinet, Inc., Check Point Software Technologies, Ltd., and Trend Micro, Inc. Further, the market is witnessing entry of major other companies providing security solutions.