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Sunday, August 22, 2021

Increasing Applications in IoT and OTT will add to drive the Global Data Centre Security Solutions Market by a CAGR of 15.10% in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Data Centre Security Solutions Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global data centre security solutions market, assessing the market based on its segments like format type, application sectors, end-use, and major regions such as Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026):

• Historical Market Size (2020): USD 11.7 billion
• Forecast CAGR (2021-2026): 15.10%
• Forecast Market Size (2026): USD 27.2 billion

The growth of the global data centre security solutions market is being driven by the growing demand for software-defined data centres (SDDC). SDDC protects the virtual environment from virtual attacks and physical threats to the storage units. Additionally, SDDC allows clients to adapt to software-controlled security policies, improve operationally, and cost-efficiency. The rising threat of cyber-attacks is another factor expected to boost the demand for the data centre security solutions market.

Industry Definition and Major Segments

Data centre security solutions consist of the physical activities and digital systems applied to safeguard a data centre from external threats and attacks. Data centres offer provisions like backup and recovery of digital data, cloud storage, data management, and networking.

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The industry can be broadly categorised based on format type into:

• Logical Security Solution
• Physical Security Solution

The industry can be divided based on its application sectors as:

• Consulting
• Integration and Deployment
• Managed Services

The industry can be divided on the basis of its end-use as:

• Financial Services
• IT and Telecom
• Government
• Education
• Healthcare
• Media and Entertainment
• Others

The regional markets for data centre security solutions include:

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

Market Trends

The security division for data centres has a demand for virtual protection and physical security. Owing to the recent upsurge in the use of IoT and OTT services, companies have developed a need for software-defined data centres (SDDC) which would allow data centre infrastructure virtualization, thus, optimizing the use of their available hardware resources for their clients. These developments will aid the growth of the data centre security solutions industry. Based on end-use, industries like media and entertainment, financial services are bound to maintain utmost security for safety and profitability. Hence, the demand for security solutions is expected to witness robust growth.

Key Market Players

The major players in the market are Cisco Systems, Inc., Check Point Software Technologies, Ltd., Citrix Systems, Inc., Dell Technologies Inc., and Honeywell International Inc. among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Expert Market Research
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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