DUBLIN--(BUSINESS WIRE)--The "United States Virtualization Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The US virtualization security market is expected to register a CAGR of about 14.4% during the forecast period 2021-2026
In the current business scenario, enterprises in the United States are out to transform their businesses to improve their full digital potential. One of the suitable technologies powering the digital transformation is the shifting of companies to their virtual infrastructure. Virtualization provides organizations the ability to process a large amount of data as well as gives access to better processing capabilities.
In the United States, virtual infrastructures, such as hypervisors, virtual machines, and web servers, are prone to several web threats, such as Trojan.Script.Generic and Hoax.Loss.Script.gen. Therefore, virtualization security solutions ensure a significant security level to restrict cyber-attack incidents in virtual infrastructures.
The US market for virtualization security is projected to obtain a massive growth as enterprises are shifting toward cloud and cloud-based technologies as a part of their IT model. In 2019, a survey conducted by Nutanix showed that more than 80% of the respondents prefer cloud-based technologies as an efficient operating model.
As enterprises move to the virtual environment to modernize their conventional infrastructures, they face numerous security and integration issues that can affect system or server performance as well as costs. When software applications have moved to the wrong virtual environment during migration, it results in decreased software performance if the environment is under-equipped or increased enterprise costs if it is over-equipped.
As per the report published by the Ponemon Institute and Siemens in October 2019, the utility industry has faced the worsening effect of virtual migration with more than 50% of organizations reporting significant operational data loss or at least one shutdown per year, and more than 25% impacted by mega cyber attacks.
According to some representatives of FireEye and CrowdStrike, which are regularly tracking malicious web activity, Iran has increased a significant number of offensive cyberattacks against the United States government and critical infrastructure as trade tensions have increased between the two nations. These increasing cyberattacks in the country's government IT infrastructure is expected to drive the demand for virtualization security in the coming years.
The COVID-19 pandemic has created several exploitation opportunities for advanced persistent threat (APT) groups and cybercriminals. In April 2020, the US Department of Homeland Security (DHS) Cybersecurity and Infrastructure Security Agency (CISA) published a joint alert on the details of security threats in the United States. These government bodies are observing an increasing use of COVID-19-related themes by cybercriminals.
Presently, the use of teleworking has increased, such as virtual private networks (VPNs), which therefore amplify the threat to individuals as well as organizations. The increasing cyberattacks at the time of crisis are expected to accentuate the usage of virtualization security solutions by enterprises to get rid of such attacks.
The United States virtualization security market is dominated by players, like VMware, Sophos Ltd., and Cisco Systems, which provide virtualization security solutions used by major end-user enterprises.
The players operating in the country account for a significant share in the market and focusing on expanding their customer base. These players are primarily focusing on investment in developing new solutions, strategic collaborations, and other organic and inorganic growth strategies to earn a competitive edge during the forecast period.
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Market Drivers
4.4 Market Challenges
5 IMPACT OF COVID-19 ON THE UNITED STATES VIRTUALIZATION SECURITY MARKET
6 MARKET SEGMENTATION
6.1 Virtualization Type
6.1.1 Hardware Virtualization
6.1.2 Software Virtualization
6.4 Type of Virtual Infrastructure
6.4.2 Virtual Machines
6.4.3 Web Servers
6.4.4 Other Type of Virtual Infrastructures
6.5 End User
6.5.1 IT and Telecom
6.5.2 Cloud Service Providers
6.5.3 Data Centers
6.5.7 Other End Users
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 VMware Inc.
7.1.2 Trend Micro Incorporated
7.1.3 Sophos Ltd
7.1.4 Hytrust Inc.
7.1.5 Juniper Networks Inc.
7.1.6 10ZiG Technology
7.1.7 Cisco Systems Inc.
7.1.8 Centrify Corporation
8 INVESTMENT ANALYSIS
9 FUTURE OUTLOOK OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/3uc5fa