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The Business Research Company’s Data Center Security Global Market Report 2024 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2024-2033. The Data Center Security Global Market Report 2023 evaluates data center security market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global data center security market is expected to grow from $11.66 billion in 2023 to $13.57 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to rising cybersecurity threats, demand for data privacy and compliance, increase in data generation, cloud computing growth.The data center security market size is expected to see rapid growth in the next few years. It will grow to $23.64 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%.
Increased incidence of cyberattacks and data thefts is expected to propel the growth of the data center security market in the coming future. A cyber-attack is any effort to gain accessibility to a personal computer, computing system, or computer network without authorization to cause harm. Data theft, often known as information theft, is the unauthorized transmission or storage of personal, private, or financial information. This could involve login credentials, program code or algorithms and exclusive procedures or tools. The increased incidence of cyberattacks and data thefts is expanding the data center security market. It involves the processes and planning to keep data centers safe from threats, assaults and illegal access. For instance, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in Q1 of 2021 compared to Q1 2020 and it increased by 1.2% compared to Q4 2020. Moreover, in June 2022, according to Forbes, a US-based business magazine, the average frequency of data breaches and cyberattacks rose by 15.1% in 2021 compared to the previous year. Therefore, the increased incidence of cyberattacks and data thefts drives the data center security market.
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The data center security market segments in the report are:
1) By Component: Solutions, Services
2) By Data Center Type: Mid-Sized Data Centers, Enterprise Data Centers, Large Data Center
3) By Application: Physical Security Solutions, Logical Security Solutions
4) By Vertical: Banking, Financial Services and Insurance (BFSI), IT And Telecom, Government and Defense, Healthcare, Media And Entertainment, Other Verticals
Top Major Players
Google LLC
Dell Inc
Huawei Technologies Co. Ltd.
Amazon Web Services Inc.
Siemens AG
The table of contents in TBRC’s data center security market report includes:
1. Executive Summary
2. Data Center Security Market Characteristics
3. Data Center Security Market Trends And Strategies
4. Data Center Security Market – Macro Economic Scenario
5. Global Data Center Security Market Size and Growth
…………………………
32. Global Data Center Security Market Competitive Benchmarking
33. Global Data Center Security Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Center Security Market
35. Data Center Security Market Future Outlook and Potential Analysis
36. Appendix
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