Global Data Center Security Market revenue was US$ 9.56 Bn in 2019 and is expected to grow at a CAGR 14.56% in forecast period.
Global Data Center Security Market
Global Data Center Security Market Drivers and Restrains:
Data center security refers to the physical practices and virtual technologies used to protect a data center from external threats and attacks. For private companies moving to the cloud, data center security reduce the cost of running their own centralized computing networks and servers. Data centers security is useful for services such as data storage, backup and recovery, data management and networking. With increasing adoption of cloud services, big data, IoT, Artificial Intelligence the demand for data center security is also increasing. Moreover, factors such as an increasing number of cyber-attacks, increasing penetration of internet, increasing data traffic and growing awareness about secured connectivity in enterprises are propelling the market growth over forecast period.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
However, factors such as lack of infrastructural development and technical expertise for the adoption of data center security systems among underdeveloped countries, high cost of data security solutions and piracy issues are restraining the market growth over forecast period.
Global Data Center Security Market Segmentation Analysis:
Global Data Center Security Market is segmented by Application Solution, by Service, by Data Center Type, by Vertical and by Region. By application solution logical security held 64.21% of market share in 2019 and is expected to keep its dominance over forecast period over forecast period. Logical security refers to the specific controls put in place to govern or restrict access to computer systems and data storage. Logical security is more deeply incorporated into the system to prevent intrusion and unauthorized access. Growing investment in data center security and increasing adoption of this solution is propelling the market of this segment.