Global Data Center Logical Security Market Report 2023: Increasing Demand for Access Control and Identification Solutions - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Data Center Logical Security Market (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

The data center logical security market is expected to witness a remarkable growth rate of 9.5% during the forecast period. With the increasing volume of data traffic, growing cyber threats, and the rise of virtualized data centers, the demand for data center security solutions has never been higher.

Key Highlights

• Data center security plays a crucial role in safeguarding organizational data against unauthorized access and security breaches. The COVID-19 pandemic has further emphasized the importance of data centers in meeting the rising demands of internet traffic and data management.
• The costs associated with data center security have surged significantly due to the need for data center upgrades to handle larger volumes of data and combat the increasing waves of cyberattacks. Consequently, data center security solutions have gained popularity and are experiencing rapid growth.
• The data center security market is primarily driven by the emergence of new technologies, the exponential growth of data traffic, the proliferation of virtualized data centers, and the escalating cyber threats. However, the market growth is hindered by the high cost of alternative solutions, lack of awareness among people, and the abundance of available options.
• Manufacturers and vendors are focusing on emerging economies due to the rapid adoption of cloud computing solutions, the swift uptake of new technologies, and the construction of numerous data centers. This presents both established and new market players with abundant opportunities.
• The global market for logical security in data centers is expected to witness rapid growth in the coming years, primarily due to the increasing number of data centers and the growing prevalence of cyber threats worldwide.
• The data center market has experienced substantial growth since the onset of the coronavirus pandemic, with the construction of numerous large-scale facilities. Companies are increasingly investing in security measures to protect customer data as remote work and the adoption of cloud storage and teleconferencing services have become the norm. These factors have positively impacted the studied market.

Data Center Logical Security Market Trends

Increasing Demand for Access Control and Identification Solutions

• Organizations have made significant investments in Identity and Access Management (IAM) solutions to address security threats posed by hackers and malicious employees. Identity management cybersecurity breaches can have detrimental effects on staff productivity, IT networks, and a company's reputation. Therefore, there is a growing demand for advanced identity and access management solutions.
• The cloud environment allows data to expand rapidly and be accessed by a mobile workforce. Consequently, businesses are increasingly seeking data protection solutions in the cloud. For example, Informatica offers Intelligent Cloud ServicesSM, which include user authentication, access controls, failover data centers, and security at various levels, such as operating systems, databases, and applications.
• AI and machine learning algorithms are playing a prominent role in access control and identification solutions. Machine learning technology is expected to handle a significant portion of authentications, as IAM increasingly relies on physical and behavioral biometrics. These advancements are anticipated to drive the demand for IAM solutions.

European Market Witnessing High Adoption

Germany holds the largest market share for data centers in Europe, followed by the UK and the Netherlands. Other countries, including France, Italy, and Poland, contribute to the European market. Despite economic uncertainties, the region's demand for data centers remains robust, leading to the expansion of existing data centers and the building of new ones.

Data Center Logical Security Industry Overview

The data center logical security market is characterized by a medium level of concentration, with multiple players driving growth through various strategies such as product launches, geographical expansion, acquisitions, and research and development activities. Leading companies in the market include Cisco, IBM, HP, Dell, McAfee, Inc., Juniper Networks, and others.

In a significant development, Microsoft expanded its global business by opening a new data center in Qatar in August 2022. This expansion provides consumers, organizations, and partners in Qatar with access to highly available, scalable, and robust cloud services. The move not only promotes the utilization of intelligent cloud services but also accelerates the digital transformation in the region.

The data center logical security market is poised for growth, driven by the continuous efforts and innovative strategies of major industry players. These companies are at the forefront of delivering advanced solutions to ensure the security and integrity of data centers in an increasingly connected world.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

4.3 Value Chain Analysis

4.4 Market Drivers

4.4.1 Increasing Safety Concern for Business and Personal Data

4.4.2 Increasing Need for Cloud computing and Data Virtualization

4.5 Market Restraints

4.5.1 Availability of Low Priced Security Software

4.6 Technology Snapshot

5 MARKET SEGMENTATION

5.1 By Solution

5.1.1 Access Control and Identification Solution

5.1.2 Threat Protection Solution

5.1.3 Data Loss Prevention Solution

5.1.4 Other Solutions

5.2 By Service

5.3 By End-user

5.4 By Geography

6 COMPANY PROFILES

• IBM
• Cisco Systems
• Hewlett-Packard Enterprise
• Trend Micro
• McAfee
• Fortinet
• VMware
• Checkpoint Software Technologies
• Juniper Networks
• Dell

   

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