The highly competitive vendor landscape
of the global market for data center security features a large number of
core IT solutions providers and several large enterprises dealing in
the sector of digital technologies. So as to carve a more profitable
growth trajectory in the market, companies have been putting increased
emphasis on monetizing opportunities in new application areas and
emerging markets, observes Transparency Market Research in a recent
report. Companies are also observed to be more actively involved in
R&D activities and strategic collaborations with the aim of tapping
new application areas and expanding their product portfolios.
According to the report, the global data center security market will register a CAGR of 12.60% over the period between 2014 and 2022, rising to a revenue opportunity of US$ 11.77 bn by 2022.
Some of the leading companies in the
market are Symantec Corporation, McAfee, Inc. (Intel Corporation),
Fortinet, Inc., Juniper Networks, Inc., Cisco Systems, Inc., IBM
Corporation, Hewlett-Packard Development Company, Dell, Inc., Check
Point Software Technologies, Ltd., and Trend Micro, Inc.
Software Segment Continues to Be Most Lucrative
Of the key components of a typical data
center security solution, the software segment presently accounts for a
dominant share in the market, accounting for a lion’s share in the
overall valuation of the market at the beginning of forecast period of
the report. The trend continues to remain strong and data center
security software products continue to account for a significant share
of the market to this date. The segment is likely to lead in terms of
revenue valuation as well as market share, over the forecast period as
well.
From a geographical perspective, the
market in North America accounts for the dominant share in the market,
thanks to the presence of several leading players as well as a digitally
well-developed infrastructure of the enterprise sector that involves
the massive usage of voluminous data centers. The region is likely to
hold its top spot throughout the report’s forecast period; the market in
Asia Pacific is expected to emerge as one of the most promising
regional markets owing to an increased focus on the digitization of
industries such as BFSI, telecom, and networking.
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One of the key factors driving the global
data center security market is the rising complexity and sophistication
of data thefts and the consecutive rise in demand for advanced security
solutions to keep digital data from such looming threats. The increased
adoption of data centers in the enterprise sector with the aim of
centralizing IT operations and data is compounding the increased need
for effective security tools and solutions. The market is also driven
due to the increased investment of emerging economies into the
improvement of IT infrastructure of enterprise and government sectors.
The vast rise in digital data due to
ongoing digitization activities in countries across Asia Pacific and
Latin America are also necessitating the use of data center, driving the
need for effective security solutions in turn. Rise in R&D
activities and the steady influx of advanced and more reliable data
center security solutions will drive the market over the next few years.
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