SecurityWorldMarket

09/04/2015

Data centre security market to reach $8.13B in 2020

Dallas, Tx (USA)

The latest market research from Marketsandmarkets predicts that the total worldwide data centre security market is expected to grow from $4.74 billion in 2015 to $8.13 billion in 2020, at an estimated compound annual growth rate (CAGR) of 11.4% from 2015 to 2020.

The report “Data Center Security Market by Solution (Logical Security, Physical Security), by Services (Consulting Services, Managed Services and Professional Services ), by Data Center Types (Mid-Size, Enterprise and Large) and by Region (NA, Europe, APAC, MEA and LA) - Global Forecast to 2020”, analyses and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Within the research, the global data centre security market has been classified majorly into solutions, namely Logical Security Solutions and Physical Security Solutions. The service segment has been further categorised into security consulting services, Managed Security Services and Professional Services. The global data centre security market is also further classified on the basis of datacentre type i.e. mid-size, enterprise, and large.

High growth in the adoption of cloud computing, virtualisation and increasing attacks on data centres ,security concern of curtail data are some of the key factors that are fueling the growth of the data centre security market. However, availability of low cost, substitute software solutions and, low awareness of solutions and its benefits are some of the key factors hampering the growth of this market. However, increasing numbers of new data centre and high economic growth in emerging economies including India and China offer new growth opportunities for the market players.

As of 2015, North America is estimated to hold the largest share of the global data centre security market, followed by Asia Pacific. However, the Asia-Pacific market is expected to grow at the highest CAGR of 16.6% from 2015 to 2020. A number of factors including development of new data centres and increasing security requirement of data in various booming sectors such as BFSI, Government and Public are stimulating the growth of the data centre security market in the Asia-Pacific region.

The total data centre security market is expected to grow from $4.74 billion in 2015 to $8.13 billion in 2020, at an estimated Compound Annual Growth Rate (CAGR) of 11.4% from 2015 to 2020. Cisco (U.S.), IBM (U.S.) and MacAfee (Intel Security) (U.S.), Dell (U.S.), Check Point Software Technologies (U.S.)are named by Marketsandmarkets analysts as some of the key players in the global data centre security market.



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