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Data Center Security Market Trends

Report ID: GMI5954
Published Date: Jun 2023
Report Format: PDF

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Data Center Security Industry Trends

The rise in electric data center security is a notable trend in the data center security market. Data centers are becoming more complex and interconnected, housing vast amounts of sensitive and valuable data. This complexity makes them attractive targets for cybercriminals and other malicious actors, leading to a greater need for advanced security measures. In addition, With the rise of cyberattacks and data breaches, protecting data centers from unauthorized access and data theft has become a top priority for organizations. Electric data center security solutions can help mitigate the risks associated with cybersecurity threats. Overall, the rise in electric data center security reflects the growing recognition of the importance of robust security measures to protect data centers from various threats.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for data center security was valued at over USD 12.6 in 2022 and is anticipated to grow at a CAGR of over 12% between 2023 and 2032, backed by the emergence of workplace virtualization, software-defined networking & software-defined storage, and the rising trend of Bring Your Own Device (BYOD).

The data center security size from BFSI segment is anticipated to grow at 8.5% CAGR through 2032. Data centers in the BFSI sector handle sensitive & critical information, making it important to ensure the security & integrity of these data centers to prevent data breaches, unauthorized access, and other cyber threats.

North America data center security market with over 36% share in 2022 and will continue to grow through 2032, owing to rising digitization of banking services, financial services, and the insurance sector as well as the growing adoption of cloud computing & data center services.

Broadcom Inc., Checkpoint Software Technologies Ltd, Cisco Systems Inc., Dell Inc., Fortinet, Honeywell International Inc., McAfee Inc., Palo Alto Networks, Inc., Schneider Electric SE, Siemens AG, Trend Micro Inc., and VMware Inc.