Global data center logical security market
DUBLIN, May 2, 2024 (Globe Newswire) — The Data Center Logical Security Market – Forecast 2024-2029 report has been added. ResearchAndMarkets.com Recruitment.
The data center logical security market was valued at USD 4,129 million in 2022 and is expected to grow at a CAGR of 7.04%, reaching the market size of USD 6,649 million by 2029.
Logical data center security includes password access, user identities, access rights, and authentication that protect the software on an organization's systems. Additionally, the adoption of cloud computing and visualization solutions are increasing across the globe, propelling the growth of the global data center logical security market over the forecast period. Additionally, government and industry regulations and increasing number of data centers are increasing the market demand.
Also, increasing economic growth in the emerging economies of the world further propels the market growth during the forecast period. To optimize the efficiency of business processes, many IT organizations are focusing on consolidating and restructuring data centers to increase data storage capacity and provide high-end security. Additionally, growing efforts to prevent accidental or intentional data manipulation within data centers are further increasing market demand for data center logical security.
Therefore, there is an increase in IT investments in the development of IT security infrastructure to meet the increasing demands from various end-user industries. Furthermore, the global data center logical security market is driven by the ability to address security breaches and protect sensitive data from unauthorized users, leading to dramatic growth in the market over the forecast period and the coming years.
Rising concerns about data security are increasing the demand for data center logical security solutions and accelerating market growth
Similar to the cloud, there is a multi-tenant environment and a shared network infrastructure. This involves the possibility of accessing customer data, which seems to be a risky step. However, although there are safe harbor and privacy laws to protect your data, it can still be accessed by malicious hacker attacks or accidents that lead to data breaches.
Significant efforts have been made to transmit data in encrypted form, but you should verify this before leaving the premises. Hence, data privacy and security concerns are driving the market demand for the Data Center Logical Security Market during the forecast period and the coming years.
Increasing adoption of cloud-based solutions is driving the growth of the data center logical security market
The era of information technology continues to evolve. Nowadays business owners are looking for more ways to explore cloud his technology to strategize their business goals. The evolution of cloud-based services began by providing personal storage systems with organizational storage systems, and provided larger organizations with the opportunity to connect in a better way. Additionally, more than 50% of organizations have adopted cloud-enabled platforms, applications, and services to power the digital revolution.
Additionally, the growth in cloud computing spending is expected to be six times higher compared to IT spending over the forecast period, poised to further drive market growth. Additionally, major companies such as Google Apps, SalesForce, and others are gearing up to enter the competition, impacting significant growth in cloud-based solutions.
Therefore, the widespread use of cloud-based solutions requires robust cloud security. This is because cloud computing is constantly exposed to security threats and is vulnerable to malicious attacks. Therefore, this creates a strong need to enter the logical security market to protect data on cloud, further driving the growth of the global data center logical security market over the forecast period.
Products offered
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Bosch Access Management System V2.0: The Access Management System V2.0 solution includes comprehensive access control functionality with user-friendly usability. Equipped with an easy-to-use map and alert viewer, you can easily inspect all amenities and entrances on your property as a standalone system. The integrated system allows video management system operators to perform video-based identity verification at the entrance. With AMS, you combine the functionality, performance, and robustness of a high-end access control solution with a modern UI that speeds installation and configuration.
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Checkpoint Harmony Endpoint: A robust endpoint security solution called Harmony Endpoint was developed to protect remote workers from a variety of complex threats. Autonomous detection and response to instantly contain the most pressing endpoint threats, including ransomware, phishing, and drive-by malware compromises. The latest machine learning and behavioral analysis algorithms stop malware before it can cause any damage.
Key attributes:
report attributes |
detail |
number of pages |
130 |
Forecast period |
2022-2029 |
Estimated market value in 2022 (USD) |
$4.13 billion |
Projected market value to 2029 (USD) |
$6.65 billion |
compound annual growth rate |
7.0% |
Target area |
global |
Introduced companies
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Bosch Sischer Heights Systems GmbH
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Check Point Software Technologies Co., Ltd.
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Trend Micro Co., Ltd.
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Italtel Spa
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Hewlett Packard Enterprise (Juniper Networks)
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VMware Corporation
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Fortinet Corporation
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Intel Corporation
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IBM
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Cisco Systems Corporation
Market segmentation:
By data center type
By service type
By solution type
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Security solutions for threat and service types
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Access control and compliance
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data protection solutions
By end user
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BFSI
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health care
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government
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energy
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retail
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others
For more information about this report, please visit https://www.researchandmarkets.com/r/t6yys7.
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