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.
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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.
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.
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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.
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