ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research (TMR) has announced the addition of the report “Data Center Security Market [By Component Type - Logical Components (Threat and Application Security, Access Control and Compliance, and Data Protection), Physical Components, and Services (Managed Services and Consulting Services)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022”.
According to this report, the global data center security market will expand at a 12.6% CAGR. In 2013, the market was worth US$4.05 billion.
The rising demand for cloud computing and virtualization services is the primary driver of the global data center security market. Additionally, the accelerating investment in IoT by several firms and escalating annual percentage of attacks on data centers will also fuel the growth of this market. On the other hand, the availability of cheaper substitute solutions along with the lack of awareness related to data security will suppress the market.
Component-wise, the global data center security market is divided into logical components (software), consulting services, physical services, and other services. Together, the segments of logical components and security services dominated the global data center security market and contributed for more than 85% share in the market. Cloud-based services segment held the largest share in 2013 in the global market for managed services.
Geography-wise, the global data center security market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America in 2013 held the largest share of the market and boasted 40% contribution to the market revenue.
Some of the top players operating in the global data center security market are Dell, Hewlett-Packard Development Company, Trend Micro, Cisco Systems, McAfee, Juniper Networks, and IBM Corporation.
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.