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Rising Cybersecurity Threats Fuel Growth Of The Data Center Security Market: An Emerging Driver Transforming The Data Center Security Market Landscape
The Data Center Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Data Center Security Market?
Over the past few years, the size of the data center security market has seen rapid growth. It is projected to escalate from $13.57 billion in 2024 to $15.73 billion in 2025, with a compound annual growth rate (CAGR) of 16.0%. Factors such as increasing cybersecurity threats, the need for data privacy and compliance, rise in data generation and the expansion of cloud computing can be credited for the significant growth during this historic period.
In the coming years, the market size for data center security is projected to experience a significant surge, achieving a value of $27.22 billion in 2029 with a 14.7% CAGR. The predicted growth during this time can be related to the surge in ransomware and extortion attacks, security measures for IoT and edge computing, the implementation of zero-trust security, and enhanced security automation. Key trends forecasted for this period involve progress in technology, the integration of artificial intelligence (AI) and machine learning (ML), the development of multi-layered security, and the rising adoption of micro-segmentation.
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What Are the Different Data Center Security Market 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
Subsegments:
1) By Solutions: Physical Security Solutions, Network Security Solutions, Data Security Solutions, Endpoint Security Solutions, Access Control Solutions
2) By Services: Consulting Services, Integration Services, Managed Security Services, Training And Support Services
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What Are the Primary Drivers Shaping the Data Center Security Market?
The rise in cyberattacks and data theft instances is projected to propel the expansion of the data center security market in the near future. Cyberattacks involve unauthorized attempts to access computers, computer systems, or networks with the intention of causing damage. Typically known as information theft, data theft involves the unlawful transfer or storage of personal, private, or financial data. The number of cyberattacks and data theft cases is seeing growth due to increased data digitalization, the transformation of connected devices, and the advanced approaches employed by cybercriminals to breach security measures, potentially compromising credentials, software code, procedures, or proprietary tools. This surge in cyberattacks and data theft is broadening the scope of the data center security market, which is centered on processes and plans to protect data centers from threats, attacks, and illegal access. To illustrate, in May 2024, the UK government's Information Commissioner's Office reported that more than 3,000 cyber breaches occurred in 2023, with finance accounting for 22% of incidents, followed by the retail sector at 18% and education at 11%. Hence, the mounting instances of cyberattacks and data theft are triggering growth in the data center security market. Market Catalyst for Data Center Security: Rising Cloud Computing Adoption Sparks Growth in Data Center Security Market
Which Companies Are Leading in the Data Center Security Market?
Major companies operating 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.
What Are the Major Trends Shaping the Data Center Security Market?
Leading companies in the data center security market are focusing on the development of innovative products such as compact firewall solutions to increase their market presence. These solutions usually encompass features like virtual private network (VPN) support, antivirus, antispam, antispyware, and content filtering capabilities. For example, Fortinet Inc., a US-based firm specialising in data center security that develops and sells security solutions including firewalls, endpoint protection, and intrusion detection systems, launched the highly efficient FortiGate 4800F series in August 2022. Touted as the fastest compact firewall globally for hyperscale data centers, FortiGate 4800F is powered by 16 of Fortinet's 7th generation network processors (NP7). It offers impressive performance metrics for a condensed firewall, backed by Security Compute Assessments, showing up to 34 times greater efficiency than rival solutions. Moreover, it can manage on average 19 times more connections per second. The hyper-scale firewalls FortiGate 4800F allows businesses and MNOs to run more applications concurrently, reduces their hardware footprint, and effectively secures their IT infrastructures.
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What Are the Top Revenue-Generating Geographies in the Data Center Security Market?
North America was the largest region in the data center security market in 2024. The regions covered in data center security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Data Center Security Market?
2. What is the CAGR expected in the Data Center Security Market?
3. What Are the Key Innovations Transforming the Data Center Security Industry?
4. Which Region Is Leading the Data Center Security Market?
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