Data Center Security Market to Display 12.60% CAGR until 2022

According to a recent research report published by Transparency Market Research (TMR), titled ‘Data Center Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022’, the global data center security market stood at a market value of US$4 bn in 2013 and is estimated to exhibit a CAGR of 12.60% in the forecast period from 2014 to 2022.

The rising demand for advanced security solutions from emerging regions of the world is one of the major factors propelling the data center security market across the globe.

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The report states that the data center security market has witnessed rapid and significant changes over the last few years. As data centers are widely utilized for centralizing IT operations in organizations, they are critically important for the growth, integrity, and security of any organization.

Use of data center security solutions provides physical and logical security to data centers and facilitates uninterrupted operations for its users. Thus, increasing deployment of data center security solutions is the major trend observed in the global data center security market.

Some of the key findings in the report are that businesses and organizations are keenly focusing on taking appropriate measures for physical security of data centers and increasing the installation of security solutions across organizations in the world.

Most of the leading IT firms providing data center security solutions focus on the development of their integrated data center security solutions portfolio. As data center security becomes a vital factor in the success of businesses, the demand for effective and improved data center security solutions is anticipated to increase significantly over the forecast period.

The study report on the data center security market provides an analysis of the major segments of the market and the different components involved in the overall ecosystem.By component, the market has been categorized into physical (hardware), logical (software), and services.

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The logical components segment includes a variety of software solutions such as threat and application security, access control and compliance, and data protection. The physical components segment consists of various physical and hardware security equipment required to run the data centers.

Of all the component segments, the logical components and security services segments took up more than 85% of the data center security market revenue in 2013.

Moreover, the threat and application security software segment as well as the data protection software segment were the two major segments of the logical components sector in 2013. They accounted for more than 75% of the logical components segment’s revenue.

By the types of services, managed services and consulting services are the major services on the data center security market. The managed data center security services segment is categorized on the basis of deployment type into on-premise services and cloud-based services.

The report includes extensive studies on the types of services of the market, their market trends, and growth opportunities across various applications.

TMR states that the cloud-based services segment has been the largest contributor to the managed services segment and in turn to the overall data center security market. Cloud services are anticipated to witness healthy growth in the coming years.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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This release was published on openPR.