Global data center security market is expected to reach USD 14.11 billion in 2022, growing at a CAGR of 14.85% between 2017 and 2022.
The report covers forecast and analysis for the data center security market on a global and regional level. The study provides historic data of 2014-2016 along with a forecast from 2017 to 2022 based on revenue (USD Billion). The study includes drivers and restraints for the data center security market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the data center security market on a global level.
This report offers comprehensive coverage on global data center security market along with, market trends, drivers, and restraints of the data center security market. This report included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the data center security market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
The study provides a decisive view on the data center security market by segmenting the market based on component application and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. On the basis of the component, the market is segmented by solution and services. Solution segment is further fragmented into logical security and physical security. Services included in data center security market are consulting, integration and deployment and managed services. On the basis of Application wise, the data center security market is segmented into financial services, IT and telecom, government, education, healthcare, media & entertainment and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global data center security market include Symantec Corporation, Juniper Networks Inc., IBM Corp., Cisco Systems Inc., and Fortinet, Inc. are some of the prominent vendors in the market. The other key vendors include CheckPoint Software Technologies Limited, Dell Inc., Trend Micro Inc., Honeywell International, Citrix Systems, Inc., EMC Corp, McAfee Inc. (Intel Corp.), and Hewlett-Packard Enterprise, among other.
The report segments global data center security market as follows:
Global Data Center Security Market: Component Segment Analysis
Global Data Center Security Market: Application Segment Analysis
Global Data Center Security Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Data Center Security market. Zion Research has collected and analyzed key data belong to the global Data Center Security market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Data Center Security across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Data Center Security industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Data Center Security market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
With a large number of businesses moving to cloud computing platforms and virtualization of data storage techniques, the traditional boundaries and perimeters of the networks are being eliminated. The end users need to be upgraded with new and efficient technology to tackle rising numerous threats and vulnerabilities. Thus, data center security encompasses all the measures taken to encapsulate the data center environment and protect it from intrusion. It needs to be safeguarded against attacks and manipulation at both physical and logical level, subsequently creating a need for a cumulative deployment of security infrastructure.
The major factors driving the growth of data center security market is increasing adoption of cloud computing and virtualization and a threat to the stored information owing to the increasing number of cyber-attacks. However, lack of awareness about data security is hindering the growth of this market. Nonetheless, High growth in a number of new data centers and increasing adoption of advanced security solutions is presenting significant opportunities to the various established and new security solutions providers during forecasting period. In addition, government initiatives for data privacy and security due to increasing concerns in various sectors such as BFSI, government and public had proved to be a major contributing factor to the growth of data center security market.
Data center security market is fragmented into component and application. On the basis of the component, the market is segmented into solution and services. Solution segment is further fragmented into logical security and physical security. Services included in data center security market are consulting, integration and deployment and managed services. Applications of data center security are financial services, IT and telecom, government, education, healthcare, media & entertainment and others. North America will be expected largest share over the forecast period followed by Europe and Asia Pacific. Asia Pacific is estimated highest CAGR due to increasing need to secure data in various sectors such as BFSI, IT & telecom and others. Development of new data center is also giving traction to the data security market in Asia Pacific region.
Hewlett Packard Enterprises, International Business Machines (IBM) Corporation, CISCO Systems, Fortinet, and Honeywell International, among others, are the major data center security suppliers. The other key vendors include CheckPoint Software Technologies Limited, Dell Inc., Trend Micro Inc., Honeywell International, Citrix Systems, Inc., EMC Corp, McAfee Inc. (Intel Corp.), and Hewlett-Packard Enterprise, among other