Data Center Security Market size worth US$33.717 billion by 2029

data center security market

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.

Data center security is the physical and digital support of data centers through various instruments to protect applications, and data, that are rigorously operational from any external breaches or cyber-attacks. Key benefits of these data center system solutions are they assist organizations optimize and validate their data centers through enhanced reliability, and scalability among others. Increasing usage of internet services and growing penetration are generating high amounts of data from various end-user industries. This is considered as one industrial driver for the development and installation of data center security.

The rapid expansion of the market demand for data center security is driven by the adoption of cloud computing, increasing data from IoT sensors, social media, and e-commerce globally. Besides that, cyberattacks are becoming more frequent with increased complexity which demands data center security systems. Cloud service providers are obligated to deploy strong security practices to secure sensitive data, further, organizations invest in advanced cybersecurity solutions to ensure the safeguarding of their valuable resources of information. The evolution of the threat landscape emphasizes the importance of strong security in data centers, and as a result, enterprises are making higher investments in innovative security technologies to safeguard their digital businesses.

The market is witnessing diverse collaborations and innovative technological advancements, for instance, in May 2024, Flexxon showcased the X-PHY® Server Defender, the first standalone and fully autonomous cybersecurity module in the world, which gives full-stack managing and defense from both equipment and firmware layers in data center, at the RSA Conference 2024.

Based on the type, the data center security market is divided into mid-sized data centers, enterprise data centers, and large data centers. The enterprise data center segment is predicted to contribute largely to the data center security market due to the high sensitivity of its application and security needs in industries such as finance, healthcare, and governments consequently considerable investment is being made by enterprises leading toward automation services. Since, they are vulnerable to cyberattacks, which will promote the advanced cybersecurity solution.

Based on the solution, the data center security market is classified into two main solutions which are physical security solutions and logical security solutions. The physical security solutions are further divided into monitoring solutions, analysis, and modeling, access control, and video surveillance, while logical security solutions are further divided into compliance management and access control, threat and application security solutions, and data protection solutions. The data center security market for logical security solutions is expected to grow significantly in the coming years, owing to the digital transformation with remote access as well as increasing cloud adoption trends. As businesses require electronic storage and processing of all their valuable assets, there is a requirement for mechanisms to protect the digital data & systems.

Based on the service, the data center security market is categorized into managed security services, security consulting, and professional services. Managed security services are expected to make significant contributions in this industry of data center security, as they work in managed identity and access management, and risk compliance management which will provide continuous monitoring to improve threat detection. Another benefit to managed security services is cost-effective service that can leverage economies of scale and the expertise of a service provider, bringing down the costs associated with finding qualified in-house experts to take care of new threats.

Based on industry vertical, the data center security market is divided into banking and financial services, manufacturing, healthcare, government, media, and entertainment, and others. The banking and financial services industry is projected to significantly contribute to the growth of the data center security market due to stringent regulations associated with data privacy along with high-value targets for Cyber breachers, and complex IT infrastructure followed by rising penetration digitalization across various sectors.

Based on geography, the data center security market is extending majorly in the Asia Pacific region due to various variables. The regional growth is associated with rapid digital transformation, growing dependence on various data center innovations particularly in the form of cloud computing, IoT, and AI as well as increasing quantity of data being generated from sources like social media. This results in consistently increasing e-commerce and online services, thus more transactions done on the go with sensitive data, which necessitates the data center security solutions in the region.

As a part of the report, the major players operating in the data center security market that have been covered are Cisco Systems, Inc., Trend Micro Incorporated, Dell Inc., IBM, Juniper Networks, Inc., Broadcom, IAM Networks, Fortinet, Inc., RSI Security, Securitas Technology, Honeywell International Inc., and Palo Alto Networks.

View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/data-center-security-market

This analytics report segments the data center security market on the following basis:

  • 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
  • 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
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