Overview:

The global market report with a proper discussion of the data center security market reveals possibilities where the predicted growth path would surpass a valuation of USD 15 billion by 2023. During the forecast period from 2020 to 2027, the market would achieve a CAGR of 13%. Market Research Future (MRFR) claims that factors like growing demand for data across sectors, government initiatives to make online transactions easier and safer, implementation of stringent policies to protect users, growing instances of a data breach, and others are expected to bolster the global data center security market.


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Segmentation:

The global report on the data center security market was discussed by MRFR analysts on the basis of segments like data center type, component, and vertical. These segments and data may help in finding insights that can inspire moves to increase revenues.

By component, the study of the global data center security market has been studied on the basis of solutions and services. The solution segment includes a detailed study of physical security solutions and logical security solutions. The logical security solutions segment relies on a segmentation of threat & application security and data protection & infrastructure security. The physical security solutions segment comprises facility security, computer room security, perimeter security, and rack-level security. The services segment has been segmented on the basis of integration & deployment, managed services, and consulting services.

By data center type, the study on the data center security market includes segments like enterprise data center, mid-sized data center, and large data center.

By vertical, the discussion on the data center security market includes healthcare, BFSI, media & entertainment, IT & telecommunication, government & defense, and others.

Regional Analysis:

Infrastructural support and influx of investments are expected to ensure the privileged position of the North American market. Countries like the US and Canada are displaying an inclination towards this product, which can back the regional market rise.

Competitive Landscape:

International Business Machines (IBM) Corporation (US), Hewlett Packard (US), Schneider Electric SE (France), Fortinet Inc. (US), Honeywell International Inc. (US), Robert Bosch GmbH (Germany), McAfee, Inc. (US), Dell Inc. (US), Cisco Systems, Inc. (US), Intel Corporation (US), Symantec Corporation (US), Juniper Networks, Inc. (US) Check Point Software Technologies Ltd. (Israel), Tyco International (Ireland), Siemens AG (Germany), Trend Micro, Inc. (Japan), and Citrix Systems, Inc. (US) are some of the impacting companies who delve deep into the market by implementing strategic mechanisms to profit more.

Industry News:

In August 2020, Switch Datacenters recently declared that they are planning to make security robots for data centers in 2021. The company will also use the same and sell it to enterprises, including data center companies. This new design will include a 250lb device with 360-degree cameras, number-plate recognition that would help in identifying cars in the facility car park, heat sensors to scan visitors' body temperature as a preventive measure for coronavirus symptoms, and continuous monitoring from aqSwitch facility. The company is planning to develop a robotic AI human-in-the-loop security solution as it would be better than human beings in such critical situations.

During the COVID-19 crisis, a lot of companies relied on cloud infrastructure to maintain a smooth workflow. This is generating data in massive amounts and it spurred the demand for data center security. Companies have started investing substantial amounts to boost the global need and capitalize on the opportunity that is expected to ensure better growth in the coming years.


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