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Data Center Security Market Size, Share and Growth Forecast 2028

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simone singh
Data Center Security Market Size, Share and Growth Forecast 2028

Data centres house an organization's critical data and core assets, such as customer information, intellectual property, and transaction records, and the protection of these assets is a major responsibility for the company. Security solutions aid in the preservation and safeguarding of these vital assets by providing immunity on multiple levels.

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An increase in data centre penetration and rising security concerns regarding data and key infrastructure are two major factors driving the growth of the data centre security industry. However, a lack of knowledge about solutions and their benefits is a major issue that could stifle the growth of the data centre physical security industry. Furthermore, the growing number of new data centres in emerging nations is likely to open up new growth opportunities for data centre security vendors.

Consumer awareness of dangers to national security and sovereignty, as well as the tremendous increase in online traffic, the quick move to cloud-based infrastructure, the rise in cyber-attacks, and the necessity to establish a comprehensive security policy, is projected to grow in the future years.

Companies appear to be having a harder time planning a data centre budget since there are so many variables to consider, not only resource, volume, or power usage growth. The popularity of license-plus-maintenance software agreements is declining. As suppliers adapt to client requests, subscription-based pricing is becoming more prevalent. Some of these are offered as software as a service, removing the underlying stack's expenditures from the data center's budget.

The report also emphasizes several distinctiveness of the global data center security industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the data center security industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.

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The data center security market has tough competition among the new emerging and pre-established market vendors. Besides, the data center security industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions,  partnerships & collaboration, and escalating their business existence.

The market is divided into BFSI, IT and telecom, government and defence, healthcare, media and entertainment, and others, depending on the industry vertical. In 2020, the BFSI industry is likely to dominate the market. Regulatory agencies all over the world maintain a tight eye on financial institutions, banks, insurance businesses, and financial markets, and they are required to place a high priority on conformance to the standards and compliances of their respective authorities. Data centres are used by the BFSI industry to store and secure sensitive and personal information, which is exposed to cyber threats and data breaches. Two of the most serious dangers to the BFSI sector are hacking and intrusions. A high rate of adoption of new technologies has become an inevitable requirement for financial companies that are heavily focused on combating hacking.

During the projection period, the North American region is expected to hold the largest market share. North America had the largest market share for data centre security in 2019, and the region would present market vendors with numerous opportunities for expansion throughout the forecast period. In this region, the growing popularity of software-defined data centres (SDDC) will have a significant impact on the data centre security industry. The US is the most important market for data centre security solutions in the region.

The major players of the global Data center security market are IBM, MacAfee, HP, Schneider Electric, Dell, Symantec, Check Point Software Technologies, Cisco Systems, Juniper Networks and Fortinet, Inc. These players have adopted various strategies, such as new product launches, partnerships, agreements, collaborations, mergers & acquisitions, and business expansions to cater to the needs of the data center security market. Renowned companies are offering new and modern Data center security software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.

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Segment Overview of Global Data Center Security Market

Solution Overview, 2019-2028 (USD Billion)

Physical Security Solutions

Logical Security Solutions

Service Overview, 2019-2028 (USD Billion)

Consulting

Integration and Deployment

Managed Services

Data Center Type Overview, 2019-2028 (USD Billion)

Mid-Sized Data Centers

Enterprise Data Centers

Large Data Center

Industry Vertical Overview, 2019-2028 (USD Billion)

BFSI

IT and Telecom

Government and Defense

Healthcare

Media and Entertainment

Others

Regional Overview, 2019-2028 (USD Billion)

North America

U.S.

Canada

Europe

UK

Germany

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia-Pacific

Middle East and Africa

UAE

South Africa

Rest of Middle East and Africa

South America

Brazil

Rest of South America

About Us :

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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