Virtualization Security Market Research 2024-2033 - Outlook, Overview And Competitor Analysis

The virtualization security market size has grown rapidly in recent years. It will grow from $2.75 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 18.0%. The growth in the historic period can be attributed to cost efficiency and resource optimization, increased frequency of cyber threats, critical infrastructure virtualization, virtual desktop infrastructure (vdi) adoption, awareness of virtualization security risks, growth of software as a service (saas).

The virtualization security market size is expected to see rapid growth in the next few years. It will grow to $6.6 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to integration of containerization, focus on zero trust security models, continuous evolution of cyber threats, quantum computing threat landscape, global connectivity and interconnected systems, enhanced integration with security orchestration, enhanced user authentication and access controls. Major trends in the forecast period include cloud-based virtualization, micro-segmentation for network security, endpoint security integration, multi-tenancy security, integration with security information and event management, automation and orchestration.

Market Overview -
Virtualization security is the process of taking collective measures, procedures, and actions to protect the virtualization infrastructure, by transferring security functions from specialized hardware appliances to software that is easily transferable across common hardware or used in the cloud. Virtualization refers to running numerous virtual instances of a device on a single real hardware resource. It addresses the security issues faced by various components of a virtualization system.

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Rising Prevalence Of Cyberattacks To Drive Market Growth
The rising incidence of cyberattacks is driving the virtualization security market forward. A cyber attack is an attempt to illegally access a computer system or a computer network to cause damage. Attackers constantly target virtualization systems for malicious activities, increasing the need to secure the system. Virtualization security services can fulfill this need. For instance, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in Q1 of 2021 as compared to Q1 of 2020, and it increased by 1.2% as compared to Q4 2020. As a result, the increasing number of cyber attacks is driving the virtualization security market forward.

Competitive Landscape -
Major companies operating in the virtualization security market report are GE Healthcare, Infosys Limited, TeleTracking Technologies Inc., McKesson Corporation, Alcidion Corporation, Koninklijke Philips N.V., Epic Systems Corporation, NextGen Healthcare Inc., Stanley Healthcare Solutions Inc., Care Logistic Inc., INFINITT Healthcare Co. Ltd., WellSky Corporation, Simul8 Corporation, Change Healthcare Inc., HealthStream Inc., VMware AppDefense, Kaspersky Hybrid Cloud Security, Trellix MOVE AntiVirus, Trend Micro Cloud One Workload Security, Morphisec Inc., VMware NSX, The Aqua Platform, International Business Machines Corporation (IBM), Cybereason Ltd., Juniper Networks Inc., Akamai Technologies Inc., SentinelOne Inc., Arctic Wolf Networks Inc., Snyk Ltd., Lacework Inc., Cynet Systems Ltd., Palo Alto Networks Inc., CrowdStrike Holdings Inc., Deepwatch Inc., Ping Identity Corporation

Product Innovations Transforming The Virtualization Security Market
Product innovations are the key trends gaining popularity in the virtualization security market. Major companies in the market are launching new technologies such as QEMUCare live patching service for Linux systems that are running as virtualization hosts. For instance, in June 2021, CloudLinux, a US-based Linux distribution company launched a new QEMUCare live patching service for Linux systems that act as virtualization hosts. The new service is based on the company's TuxCare patching services and it simplifies the patching of the virtualization system which is a hard step faced by IT security and operations teams.

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Key Segments -

The virtualization security market covered in this report is segmented -
1) By Type: Solution, Service
2) By Deployment Model: On-Premise , Cloud
3) By Organisational Size: Small And Medium Enterprises, Large Enterprises
4) By Industry: BFSI, Government And Defense, IT And Telecommunication, Healthcare And Life Sciences, Retail, Manufacturing, Education, Other Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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