Data Center Security Market Accounted Higher Revenue From Various Segments During Forecast Period 2023

The pursuit of practices known to make data centers highly secure from attacks and threats is termed as data center security. Data center is considered to be a key resource for enterprises and thus needs dedicated security initiatives.

Emergence of data center security has helped in safeguarding critical information as well as applications across virtualized environments with optimum protection. Emergence of data center security has helped in safeguarding critical information as well as applications across virtualized environments with optimum protection.

Whether a business owner is employing hybrid or cloud environment, data center security solutions offered by key players ensure high server security. Furthermore, there are a range of factors driving, restricting and creating opportunities for the data center security market. Increasing demand for advanced security solutions, while enabling enterprises meet the regulatory compliance has emerged as a key driver.

Growing adoption of data center virtualization, big data analytics & cloud computing and rise in cyber threats are few of the many factors fueling the growth of data center security market.

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Nonetheless, availability of substitute software at low cost and lack of awareness are the prime factors hindering the growth of this industry. On the other hand, advent of advanced data security solutions, would be providing ample growth opportunities to different existing and emerging service providers.

Strategies such as contact upgradation and joint ventures have helped the companies maintain a competitive edge in the market. Enterprises are observed making huge investments in research and developments to improve their brand image. Some of the prominent market players include IBM, MacAfee, HP, Schneider Electric, Dell, Symantec, Check Point Software Technologies, Cisco Systems, Juniper Networks and Fortinet, Inc. among others.

KEY BENEFITS:

•Current and future trends adopted by the key market players are highlighted to determine overall competitiveness of the market

•The drivers and opportunities are highlighted to describe the top factors responsible for the market growth

•Porters Five Forces analysis and SWOT analysis of the key market players are provided to illustrate the business strategies adopted by buyers and suppliers

•The quantitative analysis of the market through 2014-2020 is provided to elaborate the market potential

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MARKET SEGMENTS:

The world data center security market is segmented based on solution, industries, service and geography.

Market By Solutions

•Logical security solution
•Physical security solution

Market By Industries

•BFSI
•Healthcare
•Energy
•Information Technology and Telecom
•Government
•Others

Market By Service

•Managed security services
•Security Consulting
•Professional services

Market By Geography

•North America
•Europe
•Asia Pacific
•LAMEA

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