Overview
Virtualization can be explained as a technology that is widely adopted by the companies for various purposes which includes reducing capital investments in hardware to increasing the efficiency the existing network infrastructure. Many companies are facing serious security threat such as network intrusion and data breaches and virtualization security has proven to be one of the optimum solutions to it. There are various benefits which is being offered by virtualization security. One of it is centralized control where more and more companies are investing. Factors such as corporate threats and careless employees makes the network vulnerable leading to data breach, loss of intellectual property, and replacements. These can be secured by the use of centralized control where the admin would be more aware about the activities which is happening inside the corporate network and can prevent any threats which is likely to happen. Another benefit offered by virilization security is providing security access to the network. As the concept of BYOD is increasing, more and more people are getting connected with the corporate network. Concept of BYOD offers great benefits to the employees such as access to work from any place but also arises security concerns to the company which can be optimized by the use of virtualization security.
Also, growing hosted security services and use of cloud computing for IT infrastructure is increasing which increases the vulnerability if the company is not following any security protocols. Use of virtualization security will help the organization to get better control over the network and cloud computing for IT and reduces the chances of any cyber threats.
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COVID-19 Impact on the Virtualization Security Market
Fortunately, the global Virtualization Security Industry has not faced the brunt of the COVID-19 pandemic. The key factors boosting the market growth is the burgeoning need for cloud computing technology particularly in the healthcare domain for analyzing patients’ data. Besides, virtualization security applications are helping to make remote work more manageable and thus ensuring the security of the network and data.
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global virtualization security market based on type, services, end users, and infrastructure.
By type, the global virtualization security market is segmented into software and hardware. The hardware segment is again segmented into networking. The software segment is again segmented into virtual client computing software, operating system, security management, and system and networking management.
By services, the global virtualization security market is segmented into support and maintenance, consulting, integration and design, and others.
By end users, the global virtualization security market is segmented into large enterprises, government (BFSI), healthcare and retail, telecommunication, IT, cloud service provider, and others.
By infrastructure, the global virtualization security market is segmented into virtual machine, web server, hypervisor, and virtual switch.
Regional Analysis
By region, the global virtualization security industry covers the recent trends and growth opportunity across Europe, North America, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, North America will remain domineer in the market over the forecast period. Increased quantum of demand to management areas of identity and access, growing need for security solutions by American companies, growing cloud computing market, highest cyber-attacks that demand high end security solutions, and rapid technological changes in the US are adding to the global virtualization security market share in the region.
In Europe, the global virtualization security market is predicted to have the second-largest share over the forecast period. Rising cases of cyber-attacks, rich IT and automotive industry, increasing adoption of virtualization security services and solutions, progressive growth in the implementation of virtualization security services and solutions owing to influential technical experts & substantial IT budgets, proficient technology background, strong proliferation of cloud, and the presence of higher number of virtualization security providers are adding to the global virtualization security market growth in the region.
In the APAC region, the global virtualization security market is predicted to have healthy growth over the forecast period for the growth of Asian countries like Japan, India, and China and the region being the hub to a large IT industry.
Key Players
The prominent players profiled in the global virtualization security market report include Oracle Corporation (U.S.), CA Technologies (U.S.), Intel Security Group (U.S.), Ericsson Networks (Sweden), Dell Inc. (U.S.), Hewlett-Packard (U.S.), Fortinet Inc. (U.S.), VMware Inc. (U.S.), Symantec Corp. (U.S.), Trend Micro Inc. (Japan), and Altor Networks (U.S.). Partnerships, mergers and acquisitions, new product launch, geographic expansions, among others are some of the virtualization security strategies adopted by key players.
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Virtualization Security Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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The global virtualization security market size is expected to grow from USD 1.3 billion in 2019 to USD 2.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period.
Various factors such as increasing adoption of virtual applications across SMEs and large enterprises.
Driven by multiple factors, such as flexibility, cost-saving, and availability, an increasing number of companies are transferring their data to the cloud (though this is also exposing these companies to various risks associated with virtualization).Request a Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=124607544Virtual Infrastructure protection segment to grow at the highest CAGR during the forecast periodVirtualization security led to an increase in the reliability of virtual network environment and the underlying infrastructure, which is essential for growing cloud services.
Virtualization security helps to improve business competitiveness by increasing enterprise business efficiency and user productivity.
Furthermore, this type of solution provides a central control point for authenticated access to all hypervisor and management control points, and hence, organizations are deploying virtualization security solutions.Managed services to grow at a higher CAGR during the forecast periodManaged services mostly revolve around the term “outsourcing.” Technologies such as big data analytics, blockchain, and AI are rapidly evolving.
Therefore, protecting business-critical applications is getting tougher every day.
Market Research Future published a research report on “Virtualization Security Market Research Report- Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.Virtualization Security Global Market - OverviewVirtualization can be explained as a technology that is widely adopted by the companies for various purposes which includes reducing capital investments in hardware to increasing the efficiency the existing network infrastructure.
Many company are facing serious security threat such as network intrusion and data breaches and virtualization security has proven to be one of the optimum solutions to it.
One of it is centralized control where more and more companies are investing.
Factors such as corporate threats and careless employees makes the network vulnerable leading to data breach, loss of intellectual property, and replacements.
Another benefit offered by virilization security is providing security access to the network.
As the concept of BYOD is increasing, more and more people are getting connected with the corporate network.
Market SynopsisMarket Research Future (MRFR) presumes that the Virtualization Security Market 2020 can touch USD 8 billion by 2023-ened.
The software-wise segments are security management, system & networking management, virtual client computing software and operating system.
The top end-users in the global industry are IT & telecommunication, cloud service provider, retail, government, healthcare and more.Regional Insight The market for virtualization based security has been regionally dissected into Europe, Asia Pacific/APAC, North America as well as RoW/rest of the world.The North American market for virtualization security has gained maximum prominence around the globe, thanks to the rising popularity of identity and access management.
Also, enterprises in North America generally demonstrate compelling growth when it comes to adopting virtualization security services and solutions, given the massive pool of technically skilled experts as well as the considerable IT budgets.The Virtualization Security Market Report in Europe is advancing at the fastest rate, since it is a highly proficient technological region, and observes high penetration of cloud among IT organizations that are aiming for better data security.
Since Europe is home to a huge number of widely known virtualization security vendors, the market could expect better prospects in the years ahead.Leading Market Vendors The leading market vendors considered in the MRFR study include Oracle corporation (U.S.), Ericsson Networks (Sweden), Dell Inc. (U.S.), Juniper Networks, Inc. (U.S.), Altor Networks (U.S.), Red Hat, Inc. (U.S.), Symantec Corp. (U.S.), Trend Micro Inc. (Japan), Fortinet Inc. (U.S.), Sophos Ltd (U.K), Hewlett-Packard (U.S.), Citrix Systems, Inc. (U.S.), CA Technologies (U.S.), Intel Security Group (U.S.), VMware Inc. (U.S.), to name a few.Key Boosters and Main ChallengesEver since the COVID-19 outbreak and the consequent lockdown, many industries, IT included, have had to face massive financial loss.
Along with it, the pandemic has brought a slew of data breaches and security risks in the IT infrastructure, in light of the growing adoption of cloud computing.
