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DATA CENTER SECURITY MARKET ANALYSIS

Data Center Security Market, By Application Solution (Logical Security Solutions and Physical Security Solutions), By Services (Consulting, Integration & Deployment, and Managed Services), By Data Center Types (Small Data Centers, Mid-Sized Data Centers, and Large Data Centers), By End-use Industry (Healthcare, Banking and Financial Services Institutions (BFSI), Telecom & IT, and Others), and By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Market Challenges And Opportunities

Data center comprises networked computers and stores information that businesses use to organize and utilize for centralizing IT operation process. Data center security solutions offers network security, server security, scalability management, protection against cyber-attacks, and others for enhancing security of these centers. Some of the major global organizations such as World Health Organization (WHO) and World Trade Organizations (WTO) and various companies are focusing on taking appropriate measures on data centers security in order to protect important data. Therefore, rising security concerns regarding data centers have become a major factor leading to increasing demand for improved and effective security solutions, which is anticipated to fuel the market growth.

Growing adoption of virtualization and cloud technology is a major factor driving growth of the data center security market

Adoption of virtualization and cloud deployments has led to significant increase in volume of data. However, this data is vulnerable to external attacks without proper security measures and can lead to loss or breach of confidential data. The major cloud vulnerabilities for data centers include, session riding, virtual machine escape, and insecure cryptography. For instance, according to ITRC (Identity Theft Resource Center) Organization's analysis, in 2016, around 454 data breaches were recorded in U.S. This is expected to boost demand for improved security solutions to reduce risk of data breaches in data centers thus, propelling growth of data center security market. However, availability of additional software at low cost and lack of awareness are the major factors hampering growth of the market.

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