Data Center Security Market Expected To Reach $8.13 Billion by 2020

From: MarketsandMarkets
Published: Tue Jun 09 2015

The report "Data Center Security Market by Solution (Logical Security, Physical Security), by Services (Consulting Services, Managed Services and Professional Services ), by Data Center Types (Mid-Size, Enterprise and Large) and by Region (NA, Europe, APAC, MEA and LA) - Global Forecast to 2020", Analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

The global data center security market is classified majorly into solutions, namely Logical Security Solutions and Physical Security Solutions. The service segment is further categorized into security consulting services, Managed Security Services and Professional Services. The global data center security market is also further classified on the basis of datacenter type i.e. mid-size, enterprise, and large.

High growth in the adoption of cloud computing, virtualization and increasing attacks on data centers ,security concern of curtail data are some of the key factors that are fueling the growth of the data center security market. However, availability of low cost, substitute software solutions and, low awareness of solutions and its benefits are some of the key factors hampering the growth of this market. However, increasing numbers of new data center and high economic growth in emerging economies including India and China offer new growth opportunities for the market players.

As of 2015, North America is estimated to hold the largest share of the global data center security market, followed by Asia Pacific. However, the Asia-Pacific market is expected to grow at the highest CAGR of 16.6% from 2015 to 2020. A number of factors including development of new data centers and increasing security requirement of data in various booming sectors such as BFSI, Government and Public are stimulating the growth of the data center security market in the Asia-Pacific region.

The total data center security market is expected to grow from $4.74 billion in 2015 to $8.13 billion in 2020, at an estimated Compound Annual Growth Rate (CAGR) of 11.4% from 2015 to 2020. Cisco (U.S.), IBM (U.S.) and MacAfee (Intel Security) (U.S.), Dell (U.S.), Check Point Software Technologies (U.S.)are some of the key players in the global data center security market.

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