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Server Security Market is Expected to Grow at a Noteworthy CAGR of Around 7.1% from 2022 to 2032 | FMI

09-23-2022 06:17 AM CET | IT, New Media & Software

Press release from: Future Market Insights

Server Security Market is Expected to Grow at a Noteworthy CAGR

According to Future Market Insights (FMI), the server security market is expected to grow at a noteworthy CAGR of around 7.1% from 2022-2032. The report further states that the market is expected to reach a valuation of ~US$ 26.1 Bn by the end of 2022. The server security market is expected to reach ~US$ 51.7 Bn by 2032. The increasing need to protect enterprise networks from sophisticated cyber-attacks is set to drive growth in the server security market during the forecast period.

Cloud-based server security software solutions allow businesses to improve their network security at a relatively low cost. Sales of such software solutions are projected to surge with increasing need to avoid unauthorized access and misuse of network resources.

Moreover, server security software solutions are gaining immense popularity as companies are striving to protect their networks from critical cyber-attacks like denial-of-service (DoS), distributed denial-of-service (DDoS), man-in-the-middle (MitM), SQL injection attack, cross-site scripting (XSS) software attack, TCP SYN flood attack, botnets, and session hijacking attacks.

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Thus, to maintain the network security of various systems from such attacks and network hacks, organizations are likely to continue to adopt cloud server security software solutions in the forthcoming years.

Key Takeaways: Server Security Market

By solution, the software segment is expected to dominate the global server security market and exhibit growth at a CAGR of around 7.7% between 2022 and 2032.
By deployment, the cloud-based segment is set to lead the global market with a CAGR of nearly 9.0% between 2022 and 2032.
By enterprise size, demand for server security software solutions in small and mid-sized enterprises (SMEs) is estimated to grow 2.3x in the upcoming decade.
By industry, the healthcare segment is projected to showcase significant growth at a CAGR of about 10.2% between 2022 and 2032.
By region, the North America server security market was holding the highest share of around 29.6% in 2021.

 "Urgent need to prevent misuse of data, accelerate network downtime, and protect enterprise networks from server-based cyber-attacks is expected to push the deployment of server security solutions in the forecast period," says a FMI analyst.

The global server security market is set to grow steadily due to increasing demand for cybersecurity solutions to protect servers from sophisticated cyber-attacks. A wide variety of services are provided by a server to external and internal users of an organization and thus it is prone to hacking.

Also, various servers like web, email, database, infrastructure management, and file servers process or store sensitive information for an organization. To access these unauthorized files, an organization's servers are frequently targeted by cybercriminals.

To protect an organization's network infrastructure from server-based cyber-attacks, businesses are adopting innovative server security solutions. As a result of the aforementioned factors, the global server security market will witness considerable growth during the forecast period.

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Trend of Remote Working to Push Deployment of Server Security Solutions

Server security solutions help organizations to enhance their cybersecurity policies with the help of reporting, monitoring, detecting, and countering threats against cyber-attacks. Increasing trend of remote working culture is creating a big challenge in terms of cyber security.

As employees are working from home and connected with personal internet or Wi-Fi, the network security risk is high. It can in turn hamper a company's confidential data as hackers can easily steal sensitive information. Hence, several organizations are expected to implement innovative server security solutions to protect endpoint devices from cyber-criminals and sophisticated cyber-attacks.

More Valuable Insights on Server Security Market:

Future Market Insights' report on the server security industry research is segmented into five major sections - solution (software and services), deployment (on premise and cloud-based), enterprise size (large enterprises and small and mid-sized enterprises (SMEs)), industry (IT & telecom, BFSI, healthcare, retail, manufacturing, government & defense, education, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa) to help readers understand and evaluate lucrative opportunities in the server security demand outlook.

Global Server Security Market Outlook by Category

By Solution:

Software
Services

By Deployment:

On-Premises
Cloud-based

By Enterprise Size:

Large Enterprises
Small and Mid-Sized Enterprises (SMEs)

By Industry:             

IT & Telecom
BFSI
Government & Defense
Healthcare
Retail
Manufacturing
Education
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa (MEA)

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Report Link: https://www.futuremarketinsights.com/reports/server-security-market

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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