Data Center Security Market 2024 - By Size, Share, Growth, Analysis, Trends And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Data Center Security Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $23.64 billion In 2028 At A CAGR Of 14.9% :

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.

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Data Center Security Market Major 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 Driver - 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.

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Prominent Trend - 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.

Data Center Security Market Players
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. .

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Largest And Fastest Growing Region In The Market
North America was the largest region in the data center security market in 2023. The regions covered in data center security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Center Security Market Report Structure
3. Data Center Security Market Trends And Strategies
4. Data Center Security Market - Macro Economic Scenario
5. Data Center Security Market Size And Growth
…..
27. Data Center Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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