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Sep 7, 2020 12:00 PM ET

Data Center Logical Security Market to Grow at a CAGR of 9.56% During the Forecast Period 2020-2025




iCrowd Newswire - Sep 7, 2020

The market for Data Center Logical Security is analysed to reach $10.6 billion in 2025, and is estimated to grow at a CAGR of 9.56% during the forecast period 2020 to 2025. The increasing deployment of cloud technologies in many industries is set to escalate the data center market. Data centers help organizations to streamline the information providing easy access to users and customers, hence the demand for the data centers is rising which is set to boost the Data Center Logical Security Market.

By size of data centers

Large data centers are analysed to hold highest share in 2019. The data centers with compute space above 20,000 sq ft are considered under this segment. As these data centers deploy high number of servers and manage large amount of data, the risk of attacks and losses is high, hence the demand is also high which is analysed to significantly boost the demand for the Data Center Logical Security thereby contributing to the growth of the market during the forecast period 2020-2025.

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By Application:

BFSI is analysed to be the hold highest market share in 2019, followed by the IT & Telecom sector. With the gradual shift to deploying cloud models for data storage in banks is certainly contributing to the increasing adoption of data center logical security. This is set to contribute to the market growth rate as the connected solutions require the data centers. BFSI includes the management of banking services, including, core banking, mutual funds, insurance and others which handles the physical servers and the virtual ones as well which is majorly contributing to the market growth rate. IT and Telecom is analysed to grow at asignificant rate majorly attributed to the 5G deployment.

Geography – Segment Analysis

APAC is analysed to be the dominant region in 2019 owing to the increasing data traffic from the economies such as China and India. The shifting trend towards the digitalization in India involving the projects such as Digital India, Smart cities and others is set to significantly contribute to the growth of the market. All these require connected solutions thereby boosting the demand for data center equipment such as racks, power sources, cable management supplies and others. The large banking sector in China is also a major factor contributing to the market growth rate. Adding to this, the growing 5G deployment in many countries is set to further escalate the market growth rate. Ericsson has stated that the subscriptions for 5G are forecast to reach 190M by the end of 2020 and 2.8bn by 2025. The significant rise in the 5G infrastructure developments is set to impact on the growth in data centers and boosting the data center logical security market.

Drivers – Data Center Logical Security market

Increasing data traffic

The increasing data traffic at a global level, with the growing demand from the end user majorly from communication sector is set to escalate the market growth rate. The booming demand for smart phones, and a communication network for entertainment is set to impact the data traffic thereby contributing to the market growth rate of the data center and the logical security deployed. In January 2019, Alibaba Cloud has launched a new data center in Indonesia owing to the rising data traffic in the country. Hence the growing launches of the data centers is set to boost the demand for the data center logical security thereby contributing to the market growth rate.

Growing communication infrastructure including 5G:

As the 5G deployment is significantly rising across all the regions, the significant rise in the developing infrastructure is set to be a key driver to the market. Adding to this, the 5G makes the edge computing a necessity which requires geographically connected data centers, thereby impacting the demand for Data Center Logical Security. In January 2020, Ericsson announced that Orange France has selected the company for 5G deployment in France. As 5G deployment requires connected data centers, the need for data center logical security is also rising thereby contributing to the market growth rate.

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Challenges – Data Center Logical Security market

Lack of awareness about the threats

Many firms are unaware of the cyber threats, hence the attacks are significantly rising thereby hindering the market growth rate. Furthermore, ransomware attacks are growing at a rapid rate which is again becoming a major challenge to the security ventures. As the data centers are significantly rising owing to various factors, the threat is also significantly rising, however the lack of knowledge about the security factors such as data center logical security is set to hamper the market growth rate.

Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Data Center Logical Security market. Data Centre logical security driver market is expected to be dominated by major companies such as Cisco, IBM, HP, Dell, Citrix Systems, McAfee Inc. Juniper Networks, among others.

Acquisitions/Technology Launches/Partnerships

In April 2019, McAfee announced that it integrated with Google cloud platform. Through this, the McAfee MVISION cloud integrates with GCP SCC which provides help to security professionals for better visibility thereby easing the detection of threats.

Key Takeaways

APAC is analysed to grow at highest rate during the forecast period owing to the increasing developments in the communication and adoption of advanced technologies in BFSI sector.
BFSI sector is analysed to hold highest market share in 2019 owing to the high adoption and management of the data servers.

The increasing infrastructure development in the communication sector such as 5G is analysed to be the key driving factor for the market.

Related Reports :

A. Advanced Security Analytics Market 

https://www.industryarc.com/Report/18645/advanced-security-analytics-market.html

B. Managed Security Services Market

https://www.industryarc.com/Report/16318/managed-security-services-market.html

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