The Data Center Logical Security Market is estimated to grow from $2.1 billion in 2014 to $3.2 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 7.5% from 2014 to 2019.
The global data center logical security market is classified majorly into solutions, namely Threat and Application Security Solutions, Access Control and Compliance, Data Protection Solutions. The service segment is further categorized into security consulting services, and Managed Security Services. The global data center logical security market is also further classified on the basis of data center type i.e. mid-size, enterprise, and large.
High growth in the adoption of cloud computing, virtualization and increasing security concern of curtail data are some of the key factors that are fueling the growth of the data center logical security market. However, availability of low cost, substitute software solutions and, low awareness of solutions and its benefits are some of the key factors hampering the growth of this market. However, increasing numbers of new data center and high economic growth in emerging economies including India and China offer new growth opportunities for the market players.
As of 2014, North America is estimated to hold the largest share of the global Data Center Logical Security Market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 8.5% from 2014 to 2019. A number of factors including development of new data centers and increasing security requirement of data in various booming sectors such as BFSI, Government and Public are stimulating the growth of the data center asset logical security market in the Asia-Pacific region.
Some of the prominent players in Data Center Logical Security Market are
- Cisco (U.S.)
- IBM (U.S.)
- MacAfee (Intel Security) (U.S.)
- Dell (U.S.)
- Check Point Software Technologies (U.S.)