Data Center Security Market Size, Share, Opportunities, And Trends By Type (Medium-Sized Data Centers, Enterprise Data Centers, Large Data Centers), By Solution (Physical Security Solutions (Monitoring Solutions, Analysis And Modelling, Access Control, Video Surveillance), Logical Security Solutions (Compliance Management And Access Control, Threat And Application Security Solution, Data Protection Solution)), By Service (Managed Security Services, Security Consulting, Professional Services), By Industry Vertical (Banking And Financial Services, Manufacturing, Healthcare, Government, Media And Entertainment, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Sep 2024
- Report Code : KSI061610006
- Pages : 128
The data center security market is estimated to grow at a CAGR of 17.36%, from US$15.145 billion in 2024 to reach US$33.717 billion by 2029.
The global data center security market is estimated to attain an increasing market share during the forecasted year, as the growth in the total global demand for internet and data centers increases. The mid-sized data centers under the type segment of the global data center security market are estimated to attain the maximum market share, whereas the monitoring solutions of the physical security solutions category under the solution segment will grow significantly. The managed security services category of the service segment is forecasted to grow at a faster rate as compared to the security consulting and professional services category. Under the industry vertical segment, the BFSI, and the media & entertainment category will attain greater market share. The global data center security market is estimated to witness a major increase with the increase in global data breaches and cyber security attacks
The data center security system is a type of physical and digital support system, which helps to maintain the data center operations, applications, and data of the center safe from any possible breaches and cyber attacks. The data center security solution offers multiple benefits to organizations, like enhancing the reliability and scalability of the data centers. The data being generated by the various end-user industries, due to the growing penetration of the internet with the increasing usage of internet services, is boosting the demand for the construction of data centers to manage, save, and control the data effectively.
The growing cases of cyber-attacks and data breaches across the globe are estimated to boost the global data center security market. The globe has witnessed a major increase in cyber-attacks and data breaches, increasing the demand for data center security centers across the globe. Similarly, the increasing usage of the internet across the globe is estimated to grow the data center security market globally. With the global increase in internet usage across the globe, data generation across the globe has increased significantly, pushing the need for the data center security market.
Banking and financial services are expected to witness an increase in faster adoption of data center security solutions over the forecasted period due to the increase in concern among banking and financial service companies regarding the rise in the number of cyber threats and attacks. The segment is witnessing a rapid and sudden increase in the adoption of the data center security solution as the segment provides optimum protection of personal and financially sensitive data which is constantly increasing due to the increase in the number of users.
The increase in the demand for advanced security solutions while enabling enterprises to meet regulatory compliance is the major factor driving the market growth of the data center security market. Other drivers of the data center security market include virtualization and cloud computing, growth in the number of sophisticated attacks, and the rise in data traffic which is presenting the immediate need for secured connectivity.
Restraints of the market of the data center security market include piracy, limited budget IT, and availability of low-cost substitutes. Planning a data center budget is burdensome for companies due to the many variables that need to be taken into account. Also, the old-style license and the maintenance software agreement are running the stream. The market players are taking this restraint into account and are offering subscription-based pricing thus removing underlying costs from the data center budget.
Data Center Security Market Drivers:
- Rising data breaches and cyber-attacks.
One of the major driving factors that is estimated to push the global market for data center security is forecasted to be the expansion of data breaches and global cyber attacks. The global cases of data breaches and cyber-attacks have grown significantly in the past few years. The IT Governance UK in its global data breaches report in 2023, observed a total incidents of about 2,814 breaches in 2023. in the year, the total number of records breached was estimated at about 8.214 billion. The organization further stated that in 2023, DarkBeam, a UK-based organization witnessed a breach of about 3.800 billion record breach, followed by about 1.523 billion record breach of the Real Estate Wealth Network of the USA. The Indian Council of Medical Research (ICMR), and Kid Security witnessed a breach of about 815 million and 300 million respectively in the same year.
- Increasing internet usage across the globe.
The global increase in internet usage across the globe is estimated to push the market of data center security forward. With the increase in the global usage of the internet, the number of data generated across the globe increases, pushing the need for data center security across the globe. Furthermore, with the increase in global internet usage, multiple organizations across various industries marked their presence in the internet landscape, creating an increasing demand for data centers across the globe. The International Telecommunication Union (ITU) in its global statistics stated that the globe has witnessed a significant increase in its internet usage in recent years.
The ITU stated in its report that in 2021, about 4.9 billion individuals across the globe had access to the internet, which was about 62% of the global population of the globe in the year. The number of individuals using the internet increased to about 64%, or about 5.1 billion in 2022, and grew to about 67% in 2023, or about 5.4 billion.
North America is anticipated to hold a significant share of the Data Center Security Market.
North America holds the largest share of the market and is expected to grow at a decent CAGR on account of the high adoption of cloud computing solutions and the rise in the number of data centers in the region. Data protection is crucial for companies as the cyber threat and data breaches can lead to heavy loss, thus strict regulations regarding data breaches are adopted which is one of the key factors that is driving the market of the data center security market.
Furthermore, the region is among the biggest technological and software markets in the globe, offering some of the biggest industry leaders in the nation. Countries like the USA and Canada also offer a developed data center landscape across the world, increasing the market demand for data center security in the region.
The Data Center Security Market Products Offered by Key Companies:
- Trend Micro Incorporated, a global cybersecurity provider, which offers solutions for multiple industries like healthcare, manufacturing, oil & gas, and electric utility among others. The company offers multiple platforms, that cater to various sectors like endpoint security, cloud security, network security, and OT security. In the data center security market, the company offers data center security solutions, which are streamlined with protection across the data center, private cloud, and virtualization.
- Palo Alto Networks, is a global cyber security provider, which offers multiple products and solutions to industries like public sectors, finance services, manufacturing, and healthcare among others. The company offers endpoint security, security operations, cloud-native application protections, and network security. Under the data center security market, the company offers Pan-OS 11.1 Cosmos.
The Data Center Security Market Key Developments:
- In May 2024, Flexxon introduces X-Phy Server Defender, to its data center. X-Phy developed the server defender upon Flexxon's patented algorithms. The X-Phy Server Defender system is among the world's first standalone AI-powered hardware solutions for data centers.
- In April 2024, Huawei Technologies Co., launches its latest Xinghe Intelligent Network Security Solution for the Asia Pacific region. In the data center security market, the Huawei Independent Cyber Security Lab stated that the MRP anti-ransomware solution is about 100% effective in the anti-ransomware for the data center.
Data Center Security Market Scope:
Report Metric | Details |
Data Center Security Market Size in 2024 | US$15.145 billion |
Data Center Security Market Size in 2029 | US$33.717 billion |
Growth Rate | CAGR of 17.36% |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2024 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segmentation |
|
Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
List of Major Companies in Data Center Security Market |
|
Customization Scope | Free report customization with purchase |
The Data Center Security Market is segmented and analyzed as:
- By Type
- Mid-Sized Data Centers
- Enterprise Data Centers
- Large Data Centers
- By Solution
- Physical Security Solutions
- Monitoring Solutions
- Analysis and Modelling
- Access control
- Video Surveillance
- Logical Security Solutions
- Compliance Management and Access Control
- Threat and Application Security Solution
- Data Protection Solution
- Physical Security Solutions
- By Service
- Managed security services
- Security Consulting
- Professional services
- By Industry Vertical
- Banking and Financial Services
- Manufacturing
- Healthcare
- Government
- Media and Entertainment
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- Spain
- United Kingdom
- France
- Others
- Middle East and Africa
- Saudi Arabia
- South Africa
- Others
- Asia Pacific
- China
- Japan
- Australia
- India
- Others
- North America
Frequently Asked Questions (FAQs)
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. DATA CENTER SECURITY MARKET BY TYPE
5.1. Introduction
5.2. Mid-Sized Data Centers
5.3. Enterprise Data Centers
5.4. Large Data Centers
6. DATA CENTER SECURITY MARKET BY SOLUTION
6.1. Introduction
6.2. Physical Security Solutions
6.2.1. Monitoring Solutions
6.2.2. Analysis and Modelling
6.2.3. Access control
6.2.4. Video Surveillance
6.3. Logical Security Solutions
6.3.1. Compliance Management and Access Control
6.3.2. Threat and Application Security Solution
6.3.3. Data Protection Solution
7. DATA CENTER SECURITY MARKET BY SERVICE
7.1. Introduction
7.2. Managed security services
7.3. Security Consulting
7.4. Professional services
8. DATA CENTER SECURITY MARKET BY INDUSTRY VERTICAL
8.1. Introduction
8.2. Banking and Financial Services
8.3. Manufacturing
8.4. Healthcare
8.5. Government
8.6. Media and Entertainment
8.7. Others
9. DATA CENTER SECURITY MARKET BY GEOGRAPHY
9.1. Introduction
9.1. North America
9.1.1. By Type
9.1.2. By Solution
9.1.3. By Service
9.1.4. By Industry Vertical
9.1.5. By Country
9.1.5.1. United States
9.1.5.2. Canada
9.1.5.3. Mexico
9.2. South America
9.2.1. By Type
9.2.2. By Solution
9.2.3. By Service
9.2.4. By Industry Vertical
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Argentina
9.2.5.3. Others
9.3. Europe
9.3.1. By Type
9.3.2. By Solution
9.3.3. By Service
9.3.4. By Industry Vertical
9.3.5. By Country
9.3.5.1. Germany
9.3.5.2. Spain
9.3.5.3. United Kingdom
9.3.5.4. France
9.3.5.5. Others
9.4. Middle East and Africa
9.4.1. By Type
9.4.2. By Solution
9.4.3. By Service
9.4.4. By Industry Vertical
9.4.5. By Country
9.4.5.1. Saudi Arabia
9.4.5.2. South Africa
9.4.5.3. Others
9.5. Asia Pacific
9.5.1. By Type
9.5.2. By Solution
9.5.3. By Service
9.5.4. By Industry Vertical
9.5.5. By Country
9.5.5.1. China
9.5.5.2. Japan
9.5.5.3. Australia
9.5.5.4. India
9.5.5.5. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. Cisco Systems, Inc
11.2. Trend Micro Incorporated
11.3. Dell Inc
11.4. IBM
11.5. Juniper Networks, Inc.
11.6. Broadcom
11.7. IAM Networks
11.8. Fortinet, Inc
11.9. RSI Security
11.10. Securitas Technology
11.11. Honeywell International Inc.
11.12. Palo Alto Networks
Cisco Systems, Inc
Trend Micro Incorporated
Dell Inc
IBM
Juniper Networks, Inc.
Broadcom
IAM Networks
Fortinet, Inc
RSI Security
Honeywell International Inc.
Palo Alto Networks
Related Reports
Report Name | Published Month | Get Sample PDF |
---|---|---|
Data Center Power Market Size, Share & Trends: Report, 2024 - 2029 | Aug 2024 | |
Data Center Physical Security Market Size: Industry Report, 2021-2026 | Jun 2021 |