Global Data Centre Security Market valuation to exceed USD 20 billion by 2027

June 08, 2021

According to the research report titled ‘Global Data Centre Security Market Size study, by Application ( Financial services, IT and Telecom, Government, Education, Healthcare, Media & entertainment, Others), Services ( Consulting, Integration & deployment, Managed services), Solutions(Logical security, Physical security) and Regional Forecasts 2020-2027’, available with Market Study Report, global data centre security market was evaluated at USD 9.02 billion in 2019 and is projected to reach USD 20.34 billion by 2027, expanding at an annual rate of 10.7% between 2020-2027.

Growing number of security threats and increasing traffic over network are key factors driving global data centre security market growth. Moreover, concerns regarding data leakage and inclination towards cloud-based infrastructure will also spur industry expansion over the study period.

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According to the Government of India, the number of cyber-attacks increased by 300% from 394,499 cases reported in 2019 to 1,158,208 cases in 2020.

For the unversed, data centre security refers to measures taken to make data centers highly secure against threats and attacks. These centers are considered as critical resources for businesses, and security has facilitated high-level protection of applications and sensitive information through virtualized environments.

While emphasis on protection from data breaches & frauds and rising DoS (Denial of Service) attacks will aid global data centre security market proliferation, high maintenance costs and limited service to the systems are poised to inhibit industry growth.

Based on application scope, the industry is bifurcated into IT & telecom, financial services, media & entertainment, education, government, healthcare, and others. As per solutions, the market space is divided into physical security and logical security. Moving on to services, the business sphere is segregated into managed services, consulting, and integration & deployment.

Regionally speaking, Europe held majority of worldwide data centre security industry share in the recent past due to rising affordability of digital services, increasing internet users base and well-developed digital infrastructure.

Meanwhile, Asia Pacific market is anticipated to grow rapidly between 2020-2027, owing to increasing incidences of data theft, growing disposable income, and enhancement in data center infrastructure & data security techniques. 

Key players profiled in global data centre security market report are Cisco Systems Inc., Citrix Systems Inc., Juniper Networks Inc., Check Point Software Technologies Ltd., International Business Machines Corporation, Dell Inc., Fortinet Inc., Honeywell International Inc., EMC Corporation, and Hewlett-Packard Development Company L.P.

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