Data Center Logical Security Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2021 - 2026

 Overview

The market for Data Center Logical Security is analysed to reach $10.6 billion in 2025, and is estimated to grow at a CAGR of 9.56% during the forecast period 2020 to 2025. The increasing deployment of cloud technologies in many industries is set to escalate the data center market. Data centers help organizations to streamline the information providing easy access to users and customers, hence the demand for the data centers is rising which is set to boost the Data Center Logical Security market.

Report Coverage

The report: “Data Center Logical Security Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Data Center Logical Security market. 

By Service Type: Security Consulting services, Managed Security Services, 
By Solutions: Threat and application security solutions, Access control & compliance, Data Protection solutions
By Data center Size: Small, medium, large 
By Application: BFSI, IT and Telecom, Government and defence, Manufacturing, healthcare and others
By Geography: North America, South America, Europe, APAC, and RoW


Key Takeaways

  • APAC is analysed to grow at highest rate during the forecast period owing to the increasing developments in the communication and adoption of advanced technologies in BFSI sector.
  • BFSI sector is analysed to hold highest market share in 2019 owing to the high adoption and management of the data servers.
  • The increasing infrastructure development in the communication sector such as 5G is analysed to be the key driving factor for the market.

By size of data centers

Large data centers are analysed to hold highest share in 2019. The data centers with compute space above 20,000 sq ft are considered under this segment. As these data centers deploy high number of servers and manage large amount of data, the risk of attacks and losses is high, hence the demand is also high which is analysed to significantly boost the demand for the Data Center Logical Security thereby contributing to the growth of the market during the forecast period 2020-2025.

By Application:

BFSI is analysed to be the hold highest market share in 2019, followed by the IT & Telecom sector. With the gradual shift to deploying cloud models for data storage in banks is certainly contributing to the increasing adoption of data center logical security. This is set to contribute to the market growth rate as the connected solutions require the data centers. BFSI includes the management of banking services, including, core banking, mutual funds, insurance and others which handles the physical servers and the virtual ones as well which is majorly contributing to the market growth rate. IT and Telecom is analysed to grow at asignificant rate majorly attributed to the 5G deployment. 

Geography - Segment Analysis

APAC is analysed to be the dominant region in 2019 owing to the increasing data traffic from the economies such as China and India. The shifting trend towards the digitalization in India involving the projects such as Digital India, Smart cities and others is set to significantly contribute to the growth of the market. All these require connected solutions thereby boosting the demand for data center equipment such as racks, power sources, cable management supplies and others. The large banking sector in China is also a major factor contributing to the market growth rate. Adding to this, the growing 5G deployment in many countries is set to further escalate the market growth rate. Ericsson has stated that the subscriptions for 5G are forecast to reach 190M by the end of 2020 and 2.8bn by 2025. The significant rise in the 5G infrastructure developments is set to impact on the growth in data centers and boosting the data center logical security market.

Drivers – Data Center Logical Security market 
  • Increasing data traffic 
The increasing data traffic at a global level, with the growing demand from the end user majorly from communication sector is set to escalate the market growth rate. The booming demand for smart phones, and a communication network for entertainment is set to impact the data traffic thereby contributing to the market growth rate of the data center and the logical security deployed. In January 2019, Alibaba Cloud has launched a new data center in Indonesia owing to the rising data traffic in the country. Hence the growing launches of the data centers is set to boost the demand for the data center logical security thereby contributing to the market growth rate.
  • Growing communication infrastructure including 5G:
As the 5G deployment is significantly rising across all the regions, the significant rise in the developing infrastructure is set to be a key driver to the market. Adding to this, the 5G makes the edge computing a necessity which requires geographically connected data centers, thereby impacting the demand for Data Center Logical Security. In January 2020, Ericsson announced that Orange France has selected the company for 5G deployment in France. As 5G deployment requires connected data centers, the need for data center logical security is also rising thereby contributing to the market growth rate.


Challenges – Data Center Logical Security market

  • Lack of awareness about the threats
Many firms are unaware of the cyber threats, hence the attacks are significantly rising thereby hindering the market growth rate. Furthermore, ransomware attacks are growing at a rapid rate which is again becoming a major challenge to the security ventures. As the data centers are significantly rising owing to various factors, the threat is also significantly rising, however the lack of knowledge about the security factors such as data center logical security is set to hamper the market growth rate.

Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Data Center Logical Security market. Data Centre logical security driver market is expected to be dominated by major companies such as Cisco, IBM, HP, Dell, Citrix Systems, McAfee Inc. Juniper Networks, among others.

Acquisitions/Technology Launches/Partnerships

  • In April 2019, McAfee announced that it integrated with Google cloud platform. Through this, the McAfee MVISION cloud integrates with GCP SCC which provides help to security professionals for better visibility thereby easing the detection of threats. 

Comments

Post a Comment

Popular posts from this blog

Footwear Materials Market - Forecast(2021 - 2026)

Footwear materials   are basically used in the manufacturing of footwear. Leather has been prime footwear material but the focus has been shifted to other materials like plastics, rubber and more in recent years. The key factors for the increase in demand for footwear which has resulted in rise footwear materials is due to increase in disposable income in major countries especially in lower and middle income classes. Adoption of westernization and increase in health awareness that increased demand for athletic footwear also attributed for the rise in demand. The footwear manufacturers must comply with the standards insisted by governing bodies so that potential risks to consumer can be minimized. Some of the standards for footwear manufacturers are Consumer Product Safety Improvement Act (CPSIA), Guobiao standards, International standards organization (ISO) and others. Footwear materials market has been segmented into different segments such as by type, by end user and by geography. T
Read more

Plasticizers Market - Forecast(2021 - 2026)

Plasticizers   are organic compounds added to polymers to facilitate processing and to increase the flexibility and toughness of the final product by internal modification of the polymer molecule. Polyvinyl chloride (PVC)   accounts for 80-90% of world plasticizer consumption . The main factor owing to the growth of this industry is growing consumption from industries like automotive industry, home appliances, electric wires and cables. Phthalates  accounted for 70% of the world consumption  of plasticizers in 2014, down from  approximately 88% in 2005  and are forecast to  account for 65% of world consumption  in 2020. This decline is due to the increasing concerns over environmental effects. The  plasticizers market  has been segmented by type, application and geography exclusively. Based on the types of additives commercially available, the market is categorized widely into two categories, which are, phthalates and non-phthalates. Each type varies greatly and the composition is diff
Read more

Golf Cart Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Global Golf Cart Market: Overview The golf cart manufacturing industry is showing substantial growth over the years. Increasing innovations in the golf cart to provide more comfort rides to passengers are expanding the opportunities for manufactures in the golf cart market. Several guidelines made by the government for the drivers and cart owners to ensure safety will prolong the demand growth. Owing to the fact that golf cart are used in many sectors for short distance ride and transportation of goods the golf cart market had a size of $2.38 billion in 2018, and it will grow with a compound annual growth rate  (CAGR) of 7.22%  during the forecast period 2019-2025.   North America is the leading region in the golf cart market. The rapid growth and increase globalization in the region will boost the economy and the purchasing power of the individual. Furthermore, high availability of country clubs, golf courses, and golfers in the region are primary reason behind North America to be on
Read more