Technavio has been monitoring the global data center security solutions market and the market is poised to grow by USD 7.20 billion during 2019-2023, decelerating at a CAGR of over 13% during the forecast period
The market is driven by the growing threat of cyber-attacks. In addition, the rising popularity of SDDC is anticipated to further boost the growth of the data center security solutions market.
The increasing number of unprecedented cyberattacks on data centers in the past few years and growing concerns of enterprises over data security have increased the demand for data center security solutions. Some enterprises are adopting enhanced security through cloud solutions resulting from the growing emphasis on new regulations governing data protection. Data center security solutions such as hybrid cloud solutions, public cloud solutions, and multi-cloud environment are also gaining traction in the market. Thus, the growing threat of cyber-attacks is expected to drive market growth during the forecast period.
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Major Five Data Center Security Solutions Market Companies:
Cisco Systems Inc.
Cisco Systems Inc. is headquartered in the US and owns and operates businesses under various business segments such as Products and Services. The company offers Next-Generation Firewalls to automate network and security operations, offer visibility to detect and stop threats, and prevent breaches.
Honeywell International Inc.
Honeywell International Inc. is headquartered in the US and offers products through the following business units: Aerospace Sales, Honeywell Building Technologies Sales, Performance Materials and Technologies Sales, and Safety and Productivity Solutions Sales.
IBM Corp. is headquartered in the US and has business operations under various business segments, namely Cognitive Solutions, Global Business Services, Technology Services & Cloud Platforms, Systems, and Global Financing. The company offers the IBM Cloud Managed Services security solution in the market.
Robert Bosch GmbH
Robert Bosch GmbH is headquartered in Germany and offers services through the following business segments: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company offers security and data management solutions.
Symantec Corp. is headquartered in the US and offers services through the following business segments: Enterprise Security Segment and Consumer Digital Safety Segment. The company offers workload micro-segmentation, server protection, and complete monitoring solutions.
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Data Center Security Solutions Type Outlook (Revenue, USD Million, 2019 – 2023)
· Logical security
· Physical security
Data Center Security Solutions Regional Outlook (Revenue, USD Million, 2019 – 2023)
· North America
· South America
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