Data Center Security Business Research Report 2024: Global Market to Surpass $25 Billion by 2030 - Advances in Encryption Technologies and Virtualization Trends Drive Demand - ResearchAndMarkets.com

The "Data Center Security - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Data Center Security is estimated at US$15.1 Billion in 2023 and is projected to reach US$25.4 Billion by 2030, growing at a CAGR of 7.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth of data center security is driven by several key factors. The increasing sophistication and frequency of cyberattacks compel organizations to enhance their security measures, adopting advanced solutions to preemptively identify and mitigate threats. Regulatory requirements such as GDPR and CCPA mandate strict data security practices, pushing organizations to implement robust security protocols. The shift toward cloud services necessitates stringent security measures to protect data as it moves to the cloud.

The proliferation of IoT devices generates vast amounts of data processed in data centers, requiring enhanced security measures to protect against unauthorized access and data breaches. The rise of remote work increases the need for secure data access from multiple locations, driving the adoption of enhanced security measures. The evolution of AI and ML technologies enhances data center security by predicting and responding to potential threats, and growing consumer awareness of data privacy issues demands greater transparency and security from service providers.

These factors collectively underscore the necessity for advanced data center security solutions, reflecting broader trends in technology adoption and regulatory compliance.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Logical Security segment, which is expected to reach US$13.7 Billion by 2030 with a CAGR of a 7.2%. The Physical Security segment is also set to grow at 8.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $4.0 Billion in 2023, and China, forecasted to grow at an impressive 11.6% CAGR to reach $6.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Bosch Security and Safety Systems North America, Check Point Software Technologies Ltd., Cisco Systems, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Questions Answered:

• How is the Global Data Center Security Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Key Attributes:

Key Topics Covered:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Data Center Security - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
• Global Economic Update

MARKET TRENDS & DRIVERS

• Rising Cyber Threats Drive Demand for Advanced Data Center Security Solutions
• Increasing Adoption of Cloud Computing Expands Addressable Market Opportunity for Security Solutions
• Regulatory Compliance Requirements Propel Growth in Data Center Security Investments
• Advances in AI and Machine Learning Generate Demand for Intelligent Security Solutions
• Growth of IoT Devices Strengthens Business Case for Enhanced Data Center Security
• Hybrid IT Environments Drive Adoption of Integrated Security Solutions
• Evolution of Zero Trust Security Models Spurs Market Expansion
• Increased Focus on Data Privacy Regulations Throws Spotlight on Security Solutions
• Virtualization Trends Drive Demand for Secure Virtual Data Centers
• Rise in Ransomware Attacks Propels Growth of Data Center Security Market
• Cloud Security Innovations Generate Opportunities for Advanced Solutions
• Growing Trend of Edge Computing Expands Addressable Market for Data Center Security
• Integration of Security with DevOps Practices Strengthens Business Case
• Advances in Encryption Technologies Drive Adoption of Data Center Security Solutions
• Increasing Digital Transformation Initiatives Sustain Growth in Security Market
• Focus on Multi-Cloud Security Accelerates Demand for Comprehensive Solutions
• Remote Workforce Trends Drive Demand for Secure Access Solutions
• Proliferation of Data Centers in Emerging Markets Generates Opportunities for Security Solutions

FOCUS ON SELECT PLAYERS (Total 33 Featured)

• Bosch Security and Safety Systems North America
• Check Point Software Technologies Ltd.
• Cisco Systems, Inc.
• Fortinet, Inc.
• Honeywell International, Inc.
• Intel Corporation
• Schneider Electric SA
• Siemens AG
• Trend Micro, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/be1wx7

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240924163648/en/