The data center security market is expected to reach
USD 15.49 billion by 2024, according to a new report by Grand View Research,
Inc. 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 increasing awareness about the need for security, growing
demand from the data center users for an integrated infrastructure, increasing
adoption of cloud computing and virtualization, and threat to the stored
information due to the rising number of cyber-attacks are expected to propel
industry over the forecast period.
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 and equipped with new and efficient
technology to tackle rising numerous threats and vulnerabilities. These
existing conditions are expected to help the industry grow in the coming years.
The demand is also fueled by a
large number of small and medium enterprises that are moving their resources to
public clouds and the growing amount of data generated online. The necessity to
protect and safeguard information, which includes critical information such as
transaction records, personal information, and intellectual property, will help
to upsurge the demand over the forecast period.
The increasing number of attacks
not only jeopardizes the reputation of companies but also endangers large
amount of private and corporate information. The recent rise in the attacks in
large corporations to gain access to these repositories of data has brought the
security issues in the data centers to the forefront, hence creating awareness
amongst the industries as well as the masses.
The ever-changing nature of
technology and the growing sophistication of attacks have led to innovations
and resource pooling by vendors in the data center security market, which may
pave the way for customizable and configurable solutions. As there is a growing
need for data center security solutions, the market is expected to foresee
adoption in numerous diverse verticals.
U.S. Data Center Security Market by Logical Security
Solution, 2014 - 2024 (USD Million)
Browse full research report on Data
Center Security Market
Further key findings from the report suggest:
- The gradual
shift toward cloud computing as well as cloud storage and networking is
bringing out numerous potential vulnerabilities and risks of exposure of
important and crucial information. This has awakened the industry to
strive for better and advanced security measures at various levels in the
data center networks.
- The growing
number of security breaches and the increasing number of attacks on data
centers across the world are creating awareness regarding the need of
improved security measures, both physical, and logical. Moreover, due to
the recent exasperating breaches of the information repositories of large
corporations, the necessity of a comprehensive security policy and its
execution is in a greater demand. With a growing demand from data center
users to safeguard their information and the major initiatives taken by
the governments as well as industries to regulate data security and
privacy, the industry is expected to grow at a rapid rate over the coming
years.
- 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
others.
For more information: http://www.grandviewresearch.com
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