Outcome from increased cyber-attacks.
A report by Fior Markets shows the global datacentre security market is expected to grow from USD 7.19 billion in 2018 to USD$19.58 billion by 2026 at a CAGR of 15.61 per cent during the forecast period from 2019-2026.
The report datacentres have incurred “significant losses, including money, customers and reputations, year on year – due to cyberattacks.
Data and IT infrastructure security have always been a huge concern for all datacentre businesses and now with IT systems moving to cloud platforms it has taken centre stage on all IT agendas.
With the increasing cyber-attacks threat, the demand for datacentre security has been increased in the recent years.
The datacentre includes networked computers and stores information that is used to run the businesses as well as organise and operate for centralising IT operation process. The datacentres act as the source of critical data and are the essential assets of organizations including customer information, intellectual property, and transaction records and this information must be secured.
The increasing need for implementing security measures has become a critical need for organisations. Due to this, the security provider companies are frequently evolving their product offerings with new technologies, which will enhance the security of the datacentres.
According to Fior Market global datacentre security market is expected to witness rapid growth over the forecast period, owing to increasing data traffic, need for secured connectivity, and rise in cyber threats across the datacentres.
In addition to this, growing adoption of virtualisation and cloud technology is one of the key driving factors for the datacentre security market. The limited IT budgets, keeping IT personnel up to date with the unknown variables, piracy, and lack of awareness may limit the growth of market, over the forecast period.
However, rising number of new datacentres, joint initiatives undertaken by several regional governments and key players, and technological advancement is expected to boost the data centre security market in upcoming years.
- Fio Markets named key players operating in the global data centre security market: CheckPoint Software Technologies
- Hewlett Packard Enterprises
- Citrix Systems
- Fortinet
- Dell EMC
- Honeywell International
- FutureNet Solutions
- IBM Corporation
- McAfee
- Juniper Networks
- Schneider Electric
- Robert Bosch GmbH
- Trend Micro
- Symantec Corporation
- Allegion
- Arecont Vision
- Assa Abloy
- Axis communications
- BOON Edam
- FutureNet Security Solutions
- Hangzhou Hikvision Digital Technology
To enhance their market position in the global datacentre security market, the key players are now focusing on adopting the strategies such as recent developments, mergers and acquisitions, product innovation, joint venture, collaborations, and partnership. Major players are continuously focused on new product developments and venture capital investments to obtain market share.
- Regional Segment Analysis of the Data Centre Security Market:
- North America (US, Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Rest of the Europe)
- Asia-Pacific (China, Japan India, Rest of APAC)
- South America (Brazil and Rest of South America)
- Middle East and Africa (UAE, South Africa, Rest of MEA)
