Market Size of Data Center Logical Security Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 9.50 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Data Center Logical Security Market Analysis
During the time frame of the forecast, the data center logical security market is expected to grow at a CAGR of 9.5%.Data center security solutions are in high demand because there is more data traffic, more cyber threats, and more virtualized data centers.
- Datacenter security deals with protecting organizational data against unauthorized access to safeguard data against security breaches. The increase in internet traffic has placed more importance on the role of data centers in meeting and managing the rising demands during the COVID-19 pandemic.
- Costs for data center security are going up a lot because large companies and service providers are upgrading their data centers to handle more data and the massive waves of cyberattacks.In the past few years, data center security solutions have become more popular and are growing quickly.
- The data center security market is driven by new technologies, more data traffic, a rise in virtualized data centers, and a rise in cyber threats. Along with privacy and security issues, growth is being slowed by the high cost of alternative solutions, the fact that people don't know about them, and the fact that there are so many of them.
- Manufacturers and vendors are interested in emerging economies because of how quickly cloud computing solutions are being adopted, how quickly new technologies are being adopted, and how many new data centers are being built. This gives both established and new vendors in the market a lot of opportunities.
- The global market for logical security for data centers is expected to grow quickly over the next few years.This is because there are more data centers and more cyber threats around the world. According to Cisco, the global data center volume climbed from 2,060 in 2020 to 2,300 in the previous year.
Since the coronavirus pandemic, there has been a lot of growth in the data center market, and many large facilities have been built. Also, companies are working more and more to protect customer data by putting in place security measures. As more businesses adapt to working remotely, there has been a rise in cloud storage and teleconferencing services. This affects the studied market positively.
Data Center Logical Security Industry Segmentation
Data centers use logical security methods to protect their systems from cyber threats. This involves implementing robust authentication methods for all users, such as two-factor authentication. It also entails encrypting all data in transit, both between the data center and within the data center and any external systems. The Global Data Center Logical Security Market is segmented by Solution Type (Access Control and Identification Solution, Threat Protection Solution, Data Loss Prevention Solution, Others), Services (Security Consulting Service, Security Solution Deployment Service, Support and Maintenance), End User (Banking and Financial Services, Manufacturing, Technology, Energy, Healthcare, Central and Local Government, Entertainment and Media, Other End-Users), and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa).
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By Solution | |
Access Control and Identification Solution | |
Threat Protection Solution | |
Data Loss Prevention Solution | |
Other Solutions |
By Service | |
Security Consulting Service | |
Security Solution Deployment Service | |
Support and Maintenance |
By End-user | |
Banking and Financial Services | |
Manufacturing | |
Technology | |
Energy | |
Healthcare | |
Central/Local Government | |
Entertainment and Media | |
Other end-users |
By Geography | |||||||
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Data Center Logical Security Market Size Summary
The data center logical security market is poised for significant growth, driven by the increasing demand for robust security solutions to protect organizational data from unauthorized access and cyber threats. The surge in internet traffic and the proliferation of virtualized data centers have heightened the importance of data center security, especially in the wake of the COVID-19 pandemic. As companies and service providers upgrade their data centers to combat the rising tide of cyberattacks, the market is experiencing a rapid expansion. However, the high costs associated with alternative security solutions and a lack of awareness among potential users pose challenges to market growth. Despite these hurdles, the adoption of new technologies and the expansion of cloud computing solutions in emerging economies present substantial opportunities for both established and new market players.
The global market for data center logical security is expected to expand rapidly, fueled by the increasing number of data centers and the growing prevalence of cyber threats worldwide. The demand for identity and access management (IAM) solutions has surged as businesses seek to safeguard their data in the cloud, leveraging advancements in artificial intelligence and machine learning to enhance security measures. In Europe, countries like Germany, the UK, and the Netherlands are leading the market, with strong demand driving the expansion of existing data centers and the construction of new ones. Key players in the market, including Cisco, IBM, and Microsoft, are actively engaging in product launches, geographical expansion, and strategic acquisitions to strengthen their market presence. The ongoing investments in data center infrastructure and security solutions underscore the critical role of logical security in supporting the digital transformation and protecting sensitive data across various sectors.
Data Center Logical Security Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Buyers
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1.2.2 Bargaining Power of Suppliers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Value Chain Analysis
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1.4 Market Drivers
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1.4.1 Increasing Safety Concern for Business and Personal Data
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1.4.2 Increasing Need for Cloud computing and Data Virtualization
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1.5 Market Restraints
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1.5.1 Availability of Low Priced Security Software
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1.6 Technology Snapshot
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2. MARKET SEGMENTATION
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2.1 By Solution
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2.1.1 Access Control and Identification Solution
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2.1.2 Threat Protection Solution
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2.1.3 Data Loss Prevention Solution
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2.1.4 Other Solutions
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2.2 By Service
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2.2.1 Security Consulting Service
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2.2.2 Security Solution Deployment Service
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2.2.3 Support and Maintenance
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2.3 By End-user
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2.3.1 Banking and Financial Services
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2.3.2 Manufacturing
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2.3.3 Technology
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2.3.4 Energy
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2.3.5 Healthcare
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2.3.6 Central/Local Government
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2.3.7 Entertainment and Media
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2.3.8 Other end-users
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 India
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2.4.3.3 Japan
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2.4.3.4 Rest of Asia-Pacific
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2.4.4 Latin America
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2.4.4.1 Brazil
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2.4.4.2 Mexico
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2.4.4.3 Argentina
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2.4.4.4 Rest of Latin America
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2.4.5 Middle East and Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 Saudi Arabia
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2.4.5.3 Israel
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2.4.5.4 South Africa
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2.4.5.5 Rest of Middle East and Africa
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Data Center Logical Security Market Size FAQs
What is the current Data Center Logical Security Market size?
The Data Center Logical Security Market is projected to register a CAGR of 9.5% during the forecast period (2024-2029)
Who are the key players in Data Center Logical Security Market?
IBM Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise Company, Trend Micro Inc. and McAfee Corp. are the major companies operating in the Data Center Logical Security Market.