Global Data Center Security Market (2021 to 2026) - Featuring McAfee, Cisco Systems and Dell Among Others
DUBLIN, June 18, 2021 /PRNewswire/ -- The "Data Center Security Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The global data center security market is estimated to grow at a CAGR of 17.77% to reach US$21.858 billion in 2026 from US$6.958 billion in 2019.
The data being generated by the various end-user industries, due to the growing penetration of the internet with the increasing usage of internet services, is boosting the demand for the construction of data centers to manage, save and control the data effectively. The largest data center users including enterprises and hyperscale cloud companies optimizing their data centers globally were seen in 2019. According to Cisco, the global cloud data center traffic is expected to reach 20.6 zettabytes (ZB) per year by 2021 from 6.0 ZB per year in 2016. Cisco expects to witness 628 hyperscale data centers in 2021 worldwide in comparison to 228 in 2016. This, in turn, is leading to an increase in the demand for data center security solutions as there are many security concerns associated with the management of data centers and can lead to the destruction, loss, and hacking of data, therefore, leading to a surge in the market growth over the forecast period.
The market is providing opportunities such as integrating physical and logical secuity solutions, micro-segmentation for the enhanced data center security, and requirements for more data centers. The advent of advanced data security solutions is further proving growth opportunities to the various existing and emerging service providers. The data center is considered to be the key resource for enterprises and requires dedicated security initiatives. Further, the emergence of data center security is aiding in protecting critical information and applications across the virtualized environment with optimum safeguarding.
The players of the market are increasingly focused and are participating in the market through enhanced and effective product offerings to augment the demand for data center security solutions to meet the growing requirement of the rapidly advancing industries. For example, Fortinet offers a product called the "Fortinet Data Center Firewall (DCFW) Solution". This solution makes use of Fortigate firewalls, which are essentially available as high-performance network security appliances and chassis-based systems, which can facilitate intrusion prevention, application control, and anti-malware to the commonly used firewall-VPN combination. The data center firewall makes use of the performance of the FortiGate family with the security intelligence of FortiGuard Labs to provide unmatched performance, with a flexible and high speed 10 GE, 40 GE, and 100 GE interface, with the throughput that ranges from 50 Gbps to 1 TBPS.
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SOURCE Research and Markets