Protecting Data: Data Center Security Market Insights and Forecast 2024-2033

The data center security market size has grown rapidly in recent years. It will grow from $11.66 billion in 2023 to $13.57 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to rising cybersecurity threats, demand for data privacy and compliance, increase in data generation, cloud computing growth.

The data center security market size is expected to see rapid growth in the next few years. It will grow to $23.64 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to increase in ransomware and extortion attacks, iot and edge computing security, adoption of zero trust security, increase in security automation. Major trends in the forecast period include technological advancements, artificial intelligence (AI) and machine learning (ML), advancements in multi-layered security, increased use of micro-segmentation.

Market Overview -
Data center security refers to the digital and physical support infrastructure and mechanisms that protect data center operations, applications and data against malicious attacks. Data center security aims to safeguard it from risks to the privacy, safety, or accessibility of commercial information resources or related intellectual property.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12978&type=smp

Rising Cybersecurity Threats Fuel Growth Of The Data Center Security Market
Increased incidence of cyberattacks and data thefts is expected to propel the growth of the data center security market in the coming future. A cyber-attack is any effort to gain accessibility to a personal computer, computing system, or computer network without authorization to cause harm. Data theft, often known as information theft, is the unauthorized transmission or storage of personal, private, or financial information. This could involve login credentials, program code or algorithms and exclusive procedures or tools. The increased incidence of cyberattacks and data thefts is expanding the data center security market. It involves the processes and planning to keep data centers safe from threats, assaults and illegal access. 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 compared to Q1 2020 and it increased by 1.2% compared to Q4 2020. Moreover, in June 2022, according to Forbes, a US-based business magazine, the average frequency of data breaches and cyberattacks rose by 15.1% in 2021 compared to the previous year. Therefore, the increased incidence of cyberattacks and data thefts drives the data center security market.

Competitive Landscape -
Major players in the data center security market are Google LLC, Dell Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Siemens AG, International Business Machines Corp, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., Broadcom Inc., Hewlett Packard Enterprise Development LP, Tyco International PLC, VMware Inc., Equinix Inc., NetApp Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Citrix Systems Inc., McAfee Corp., Checkpoint Software Technologies Ltd., Trend Micro Inc., Nutanix Inc., CyrusOne LLC, Coresite LLC, QTS Realty Trust Inc., Carbonite Inc., Acronis International GmbH, Nextlabs Inc., Veritas Technologies LLC. .

Fortinet Unveils Groundbreaking Compact Firewall Solution For Enhanced Data Center Security
Major players in the data center security market are concentrating on creating revolutionary products, such as compact firewall solution to improve their market share. A compact firewall solution typically includes virtual private network (VPN) support, antivirus, antispam, antispyware and content filtering capabilities. For instance, in August 2022, Fortinet Inc., a US-based data center security company that produces and markets security solutions such as firewalls, endpoint protection and detection systems for intrusions, launched the new FortiGate 4800F series, the quickest compact firewall in the entire world for hyperscale data centers. FortiGate 4800F is backed by 16 Fortinet's 7th generation network processors (NP7) and it provides the most impressive performance numbers for a compacted firewall, with Security Compute Assessments that deliver up to 34 times greater efficiency than competitor solutions and the capacity to handle a typical of 19 times additional connections per second. The FortiGate 4800F hyper-scale firewalls allow companies and MNOs to operate more apps simultaneously while decreasing their hardware footprint and efficiently safeguarding their IT infrastructures.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/data-center-security-global-market-report

Key Segments -
The data center security market covered in this report is segmented -

1) By Component: Solutions; Services
2) By Data Center Type: Mid-Sized Data Centers; Enterprise Data Centers; Large Data Center
3) By Application: Physical Security Solutions; Logical Security Solutions
4) By Vertical: Banking, Financial Services and Insurance (BFSI); IT And Telecom; Government and Defense; Healthcare; Media And Entertainment; Other Verticals

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

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

This release was published on openPR.