Pune, India -- (SBWIRE) -- 02/26/2018 -- Market Highlights:
Data center security market is estimated to exhibit high growth potential during the forecast period owing to its increasing demand across various industry verticals. Rising demand among the enterprises for data center security is driving the growth of the market. Additionally, innovations and advancements in technology, and increasing implementation of cloud based services is adding fuel to the growth of the data center security market.
Hewlett Packard, International Business Machines Corporation, Fortinet Inc., Honeywell International Inc., McAfee, Inc., Dell Inc., Cisco Systems, Inc. and Intel Corporation are some of the leading players in the market. McAfee provides visibility and data center security solutions across the ever-expanding cloud services. Whereas, Fortinet focusses on keeping threats out of data center by focusing on cloud security, enterprise firewall solution, intrusion prevention system and application security. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements.
Increasing trend of cloud computing solutions and growing popularity of cloud based services are the major factors driving the growth of the market. Symantec Corporation focuses on providing security hardening and monitoring for private cloud and physical data centers. Focus towards the promotion of implementing cloud computing solutions is increasing due to the convenience provided to the end users and growing trend of digitalization is another factor responsible for fueling the growth of data center security market.
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Some of the key players in the market: Hewlett Packard (U.S.), International Business Machines (IBM) Corporation (U.S.), Fortinet Inc. (U.S.), Honeywell International Inc. (U.S.), Schneider Electric SE (France), McAfee, Inc. (U.S.), Dell Inc. (U.S.), and Robert Bosch GmbH (Germany), Check Point Software Technologies Ltd. (Israel), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), Siemens AG (Germany), Trend Micro, Inc. (Japan), Tyco International (Ireland), Symantec Corporation (U.S.), Juniper Networks, Inc. (U.S.) and Citrix Systems, Inc. (U.S.).
The vertical segment of the global Data Center Security Market is further segmented into BFSI, healthcare, IT & telecommunication, media & entertainment, government & defense and others. However, IT & telecommunication sub segment is expected to hold the largest share of the data center security market. This is owing to the increased implementation of cloud based services and growing popularity of internet of things. Moreover, the market is witnessing a considerable growth in demand for data center security with the advent of big data analytics. Increasing adoption of cloud computing solutions is another major factor driving the growth of data center security market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The global Data Center Security Market is projected to reach USD 15 billion at a CAGR of over 13% by the end of the forecast period 2017-2023.
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On the basis of region, the market for advanced process control is led by North America followed Asia Pacific and Europe. India and China are expected to be the major revenue generating countries of Asia Pacific region over the forecast period. Rising industries and increasing requirement for improved productivity, security, safety, and efficiency of chemical manufacturing plants may drive the demand over the forecast period.
Intended Audience:
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- System Integrators
- Consulting Services providers
- Government Bodies
- Hospitality Sector
- Telecom Operators
- IT Services Provides
- Cloud Services Providers
- Data Center Vendors
- Internet Service Providers (ISPs)
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