Data Center Security Market, By Application Solution (Logical Security Solutions and Physical Security Solutions), By Services (Consulting, Integration & Deployment, and Managed Services), By Data Center Types (Small Data Centers, Mid-Sized Data Centers, and Large Data Centers), By End-use Industry (Healthcare, Banking and Financial Services Institutions (BFSI), Telecom & IT, and Others), and By Geography - Global Industry Insights till 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Data center comprises networked computers and stores information that businesses use to organize and utilize for centralizing IT operation process. Data center security solutions offers network security, server security, scalability management, protection against cyber-attacks, and others for enhancing security of these centers. Some of the major global organizations such as World Health Organization (WHO) and World Trade Organizations (WTO) and various companies are focusing on taking appropriate measures on data centers security in order to protect important data. Therefore, rising security concerns regarding data centers have become a major factor leading to increasing demand for improved and effective security solutions, which is anticipated to fuel the market growth.

Growing adoption of virtualization and cloud technology is a major factor driving growth of the data center security market

Adoption of virtualization and cloud deployments has led to significant increase in volume of data. However, this data is vulnerable to external attacks without proper security measures and can lead to loss or breach of confidential data. The major cloud vulnerabilities for data centers include, session riding, virtual machine escape, and insecure cryptography. For instance, according to ITRC (Identity Theft Resource Center) Organization's analysis, in 2016, around 454 data breaches were recorded in U.S. This is expected to boost demand for improved security solutions to reduce risk of data breaches in data centers thus, propelling growth of data center security market. However, availability of additional software at low cost and lack of awareness are the major factors hampering growth of the market.

Data Center Security Market: Taxonomy

On basis of application solutions, the data center security market is segmented into

  • Logical Security Solutions
  • Physical Security Solutions

On basis of services, the data center security market is segmented into

  • Consulting
  • Integration and Deployment
  • Managed Services

On basis of data center types, the data center security market is segmented into

  • Small Data Centers
  • Mid-sized Data Centers
  • Large Data Centers

On basis of end-use industry, the data center security market is segmented into

  • Healthcare
  • Banking and Financial Services Institutions (BFSI)
  • Telecom and IT
  • Others

Banking and financial sector has emerged as the largest segment in the market

Increasing financial globalization plays a major role in expanding banking and financial sector. Therefore, for maintaining large volume of data, management of data centers with efficient security solutions is required. For instance, according to the ITRC (Identity Theft Resource Center) Organization's analysis, in 2016, around 43 data breaches were reported in the banking and financial sector in the U.S. Therefore, demand for security solutions is increasing significantly, which has positively impacted growth of the data center security market.

Data Center Security Market: Regional Insights

On basis of geography, the data center security market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America is expected to account for the largest share in the data center security market, due to high adoption of the cloud computing solutions and increasing number of data centers in the region. This data is prone to cyber threat and data breaches and could lead to heavy losses for companies. Therefore, data security solutions are increasingly being adopted by companies. For instance, according to the Coherent Market Insights’ analysis, in 2017, the total number of data breaches in the U.S were pegged at 1,580.

Data center security market: Competitive Background

Major players operating in the data center security market are Symantec Corporation, Juniper Networks Inc., Allegion, Arecont Vision, Assa Abloy, Axis communications, BOON Edam, byRemote, Digitus Biometrics, EMKA, Exacq Technologies, FutureNet Security Solutions, and Hangzhou Hikvision Digital Technology.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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