The frequency of cybercrime and data hacking activities, enterprises have started focusing on the adoption of better security solutions for securing the information deployed on the cloud as well as on-premises and strengthening internal security structures. Increasing awareness about the adoption of data centre security solutions is thus among the primary factors boosting the adoption of data centres across the globe, and this is contributing to the growth of the global data centre security market in terms of value.
Moreover, an increase in the number of initiatives undertaken by the governments of various developed and developing countries for the same has also boosted the global data centre security market in terms of value.
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The increasing penetration of the internet and the ease of data storage & management over the internet has led to the virtualization of workplaces and enterprises, especially in economies that are highly developed in terms of infrastructure. Enterprises are thus adopting enhanced data security solutions and cybersecurity solutions such as data center security solutions and services.
Virtual Appliances Segment Witnessed to be the Most Lucrative Segment
Based on offering, the data center security market is segmented into logical security solutions, physical security solutions, and services. Among all the aforementioned segments of the global data centre security market, the services segment is expected to exhibit the highest growth rate during the forecast period.
With the increasing virtualisation of enterprises, the virtual security solutions segment is also expected to exhibit a considerably high CAGR during the forecast period. In terms of value, the virtual appliances segment is expected to witness an incremental opportunity of over US$ 4 billion between 2018 and 2028.
This segment is also expected to exhibit a higher growth rate during the forecast period in the global data center security market. On the basis of services, the global data center security market has been sub-segmented into consulting and managed services.
The global data center security market is expected to exhibit a CAGR of 11.1% from 2018 to 2028. However, lack of infrastructural development for the adoption and penetration of data centers among underdeveloped countries, and the high cost associated with the adoption of data center security solutions & services are some of the factors restraining the growth of the global data centre security market in terms of value.
On the basis of data center size, FMI has segmented the global data center security market into large data centers, small data centers, and medium-sized data centers. The large data centres segment is expected to dominate the global data center security market in terms of value throughout the forecast period.
Data Center Security Service Providers to Target BFSI Industry Operators
On the basis of use case, FMI has segmented the global data center security market into BFSI, IT & telecom, government & defence, healthcare, and others. In terms of value, the IT & telecom segment is expected to dominate the global data center security market due to the highest adoption of data centres across this segment. This segment is also expected to witness an incremental opportunity of more than US$ 10 billion through 2028.
However, with increasing cyber threats & attacks and the adoption of virtualized solutions, a sudden increase in the adoption of data center security solutions across the BFSI segment is witnessed in the global data center security market. The BFSI segment is thus expected to exhibit a significantly high CAGR during the forecast period in the global data center security market.
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Data Centre Security Market: Segmentation
On the basis of offering, the global data centre security market has been segmented into:
- Logical Security Solutions
- Virtual Appliances
- Server Software
- Physical Security Solutions
- Services
- Managed Services
- Consulting Services
On the basis of data centre type, the global data centre security market has been segmented into:
- Large
- Medium
- Small
On the basis of end use, the global data centre security market has been segmented into:
- BFSI
- IT & Telecom
- Government & Defence
- Healthcare
- Media & Entertainment
- Others
On the basis of region, the global data centre security market has been segmented into:
- North America
- Latin America
- Europe
- East Asia
- Oceania
- MEA (Middle East & Africa)
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