Market Size of South Korea Data Center Physical Security Industry
Study Period | 2018 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 29.38 Million |
Market Size (2029) | USD 75.92 Million |
CAGR (2024 - 2029) | 20.91 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
South Korea Data Center Physical Security Market Analysis
The South Korea Data Center Physical Security Market size is estimated at USD 29.38 million in 2024, and is expected to reach USD 75.92 million by 2029, growing at a CAGR of 20.91% during the forecast period (2024-2029).
- The security measures can be categorized into computer room controls, facility controls, perimeter security, and cabinet controls. The first layer of data center security detects, delays, and discourages unauthorized personnel entry at the perimeter. Upon breach of the perimeter monitoring, the second layer of defense withholds access. It is an access control system which uses card swipes or biometrics.
- The third layer further restricts access through diverse verification methods by monitoring all restricted areas and deploying entry restrictions such as turnstile with VCA, biometric access control devices for thumbprints, irises, or vascular patterns, and using radio frequency identification. The initial three layers ensure only authorized entry. However, additional security to restrict access is comprised of cabinet locking mechanisms. It addresses the fear of an 'insider threat,' such as a malicious employee.
- Under Construction IT Load Capacity: The upcoming IT load capacity of the South Korean data center market is expected to touch around 2,000 MW by 2029.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 5 million sq. ft by 2029.
- Planned Racks: The country's total number of racks to be installed is expected to reach 270K units by 2029. Greater Seoul is expected to house the maximum number of racks by 2029.
- Planned Submarine Cables: There are close to 10 submarine cable systems connecting South Korea, and many are under construction. One such submarine cable that is estimated to start service in 2023 is Southeast Asia-Japan Cable 2 (SJC2), which stretches over 10,500 Kilometers with landing points from Geoje, South Korea.
South Korea Data Center Physical Security Industry Segmentation
The data center physical security market refers to the industry focused on providing products and services to safeguard the physical infrastructure and assets of data centers. This includes measures to protect data centers from unauthorized access to premises, hardware theft, vandalism, sabotage, terrorist acts, and other physical threats. Key components of data center physical security may include video surveillance and monitoring, access control systems, physical barriers, biometric authentication, and environmental controls designed to ensure the safety and integrity of the data center environment.
The South Korean data center physical security market is segmented by solution type, service type, and end users. By type, the market is segmented into video surveillance and access control solutions. By service type, the market is segmented into consulting services and professional services. By end user, the market is segmented into IT and telecommunication, BFSI, government, media and entertainment, and other end users. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Solution Type | |
Video Surveillance | |
Access Control Solutions | |
Others (Mantraps, Fences, and Monitoring Solutions) |
By Service Type | |
Consulting Services | |
Professional Services | |
Others (System Integration Services) |
End User | |
IT and Telecommunication | |
BFSI | |
Government | |
Media and Entertainment | |
Other End Users |
South Korea Data Center Physical Security Market Size Summary
The South Korea Data Center Physical Security Market is poised for significant growth, driven by the increasing need to protect sensitive data stored in data centers. Security measures are categorized into various layers, including perimeter security, access control systems, and cabinet locking mechanisms, which collectively ensure that only authorized personnel can access critical areas. The market is influenced by the growing connectivity and e-commerce activities in the country, which are generating vast amounts of data and necessitating robust security measures. Video surveillance systems play a crucial role in maintaining compliance with data protection laws and enhancing physical security, thereby reducing the risk of unauthorized access and potential data breaches.
The South Korean telecom industry, a key player in the ICT sector, is experiencing rapid advancements and investments, particularly with initiatives like the 5G+ and the Digital New Deal. These developments are fostering a DNA-based digital ecosystem, further propelling the demand for data centers and their security. The government's efforts to lower barriers for cloud computing services are attracting foreign tech giants, increasing competition and the need for enhanced data center security. The market is characterized by fragmentation, with major players like Axis Communications, ABB Ltd, and Bosch Sicherheitssysteme GmbH driving innovation and consolidation. Recent partnerships and technological advancements, such as those by Securitas and Schneider Electric, underscore the ongoing commitment to robust data center security solutions.
South Korea Data Center Physical 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 Market Drivers
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1.2.1 Increasing Data Traffic and Need for Secured Connectivity are Promoting the Growth of the Data Center Physical Security Market
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1.2.2 Rise in Cyber Threats is Causing the Data Center Physical Security Market to Grow
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1.3 Market Restraints
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1.3.1 Limited IT Budgets, Availability of Low-Cost Substitutes, and Piracy are Discouraging the Potential Growth of the Data Center Physical Security Market
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Solution Type
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2.1.1 Video Surveillance
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2.1.2 Access Control Solutions
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2.1.3 Others (Mantraps, Fences, and Monitoring Solutions)
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2.2 By Service Type
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2.2.1 Consulting Services
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2.2.2 Professional Services
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2.2.3 Others (System Integration Services)
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2.3 End User
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2.3.1 IT and Telecommunication
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2.3.2 BFSI
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2.3.3 Government
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2.3.4 Media and Entertainment
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2.3.5 Other End Users
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South Korea Data Center Physical Security Market Size FAQs
How big is the South Korea Data Center Physical Security Market?
The South Korea Data Center Physical Security Market size is expected to reach USD 29.38 million in 2024 and grow at a CAGR of 20.91% to reach USD 75.92 million by 2029.
What is the current South Korea Data Center Physical Security Market size?
In 2024, the South Korea Data Center Physical Security Market size is expected to reach USD 29.38 million.