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Global Data Center Security Market to Exhibit High Growth Rate Due to the High Adoption of Cloud Computing Solutions

TMR
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Tremendous growth in the adoption of cloud computing, rising virtualization of data centers, evolution of viruses and threats, and security issues of private data are some of the factors that are expected to boost the demand for data center security solutions in the near future.

On the flip side, the costs of the data center security solutions are quite high, which is not affordable by most of the small-sized and medium-sized organizations. As a result, these organizations look out for low cost and alternative software solutions. Moreover, inadequate awareness regarding these products and the benefits they offer is a major restraining factor expected to hamper the growth of the global data center security market in the coming years.

Diversified Applications of Data Center Security Solutions to Propel the Global Market

The global data center security market has been segmented on the basis of security solutions and services into physical security solutions and logical security solutions. The physical security solutions segment is further sub-segmented into video surveillance, access control, monitoring solutions, and analysis and modeling. On the other hand, the logical security solutions comprise data center security, compliance management and access control, and threat and application security.

Based on environments the global data center security market is classified into co-location environments and cloud provider environments. By end-use industries the market has been categorized into healthcare, government, public sector and utilities, IT and telecommunication, and banking, financial services and insurance (BFSI). The data centre facilities are further segmented as per their sizes into medium data centers, mega data centers, large data centers, small data centers, and modular or portable data centers.

Market Players across the Globe are Developing New Products to Sustain Competitiveness

Based on geography, the global data center security market has been divided into four regions such as Europe, North America, Asia Pacific, and Rest of the World. In 2015, North America led the global data center security market owing to the increased initiatives taken by government promoting technological advancements. Asia Pacific data center security market is anticipated to exhibit a higher rate of growth in the near future.

The global data center security market is characterized by high competition. Players operating in this market are struggling hard to maintain their position in the market. Mergers and acquisitions, partnerships deals, joint ventures, and development of new products are some of the strategies that the market players have adopted to attain competitiveness. The new products that are introduced by the market players are focused to provide protection to the consumers from the innovative and emerging cyber issues and attacks.

The prominent players of the global data center security include Trend Micro Inc., Citrix Systems, Inc., Check Point Software Technologies, McAfee, Inc., Dell, VMware, Inc., IBM, and Cisco Systems Inc., to list a few.

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Source: TMR