Data Center Security Market to Reach US$11.77 Bn by 2022, Propelled by Increasing Adoption of Cloud Computing: Transparency Market Research

May 18, 2016, 10:00 ET from Transparency Market Research

ALBANY, New York, May 18, 2016 /PRNewswire/ --

Transparency Market Research has published a new report on the global data center security market. According to the report, the global data center security market stood at US$4 bn in 2013 and is predicted to reach US$11.77 bn by 2022. The report, titled 'Data Center Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,' states that the market is predicted to expand at a 12.60% CAGR from 2014 to 2022 owing to factors such as the rising security concerns of businesses and personal data and the increasing incidence of data center attacks. 

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  A data center is a storage system or an archive, which comprises of facilities such as firewalls, servers, switches, and routers. Data centers contain security facilities such as a suppression system, air conditioning system for maintaining the temperature, and backup machinery. As per their storage requirements, different sizes of data centers are used by organizations. Data centers are a pivotal part of a company's information system (IS).

The availability of low-cost alternatives and the lack of awareness about data center security systems are predicted to hamper the growth of the global data center security market in the near future. However, the increasing adoption of virtualization services, the increasing investments in the Internet of Things (IoT), and emerging economies are expected to create growth opportunities in the global data center security market in the next few years. Also, many large-scale organizations are changing their focus from traditional storage solutions to advanced data centers. The number of data centers is expected to increase in Asia Pacific nations. With this, the global data center security market is expected to benefit considerably in the near future.

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The global data center security market is segmented on the basis of region and component. By component, the global data center security market is classified into logical components, physical components, and services. The logical components segment is sub-segmented into threat and application security, data protection, and access control and compliance. In 2013, the logical components segment held a share of more than 85% in the global data center security market.

Based on region, the global data center security market is divided into Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific. In 2013, North America accounted for 40% of the global data center security market and is predicted to maintain its dominance throughout the forecast period. Changing government rules for data security and privacy are predicted to propel the North America data center security market in the near future. Going forward, Europe and Asia Pacific are predicted to be promising markets for data center security.

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Technological developments have benefited the global data center security market considerably. Traditional data protection methods are not as effective and efficient, causing organizations to focus on moving their data to mobile and cloud platforms. Advanced data center security systems help organizations control their large database. Some of the prominent companies in the global data center security market are Cisco Systems, Inc., McAfee, Inc. (Intel Corporation), Fortinet, Inc., Hewlett-Packard Development Company, Juniper Networks, Inc., and Trend Micro, Inc.

Key Segments of Global Data Center Security Market

Data Center Security Market, by Component 

  • Logical Components (Software) 
  • Threat and Application Security
  • Access Control and Compliance
  • Data Protection
  • Physical Components 
  • Services 
  • Managed Services
  • Cloud Services
  • On-premise Services
  • Consulting Services

Data Center Security Market, by Geography 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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