The Data Centre Security Market was valued at $14.63 billion in 2022 and is expected to reach $ 41.25 billion by 2029, growing at a 15.96% CAGR during the forecast period.
.jpg "The Global Data Centre Security Market 2019-2029 (USD Billion)")
Due to the increase in the frequency of cybercrime and data hacking activities, enterprises have started focusing on the adoption of better cloud security solutions and services for securing the information deployed on the cloud as well as on-premises and strengthening internal security structures. Increasing awareness about the adoption of data center security solutions is thus among the primary factors boosting the adoption of data centers across the globe, and this is contributing to the growth of the global data center security market in terms of value. Moreover, the increase in the number of initiatives undertaken by the governments of various developed and developing countries has also boosted the global data center security market. The increasing penetration of the internet and the ease of data storage software & management over the internet has led to the virtualization of workplaces and enterprises. Enterprises are thus adopting enhanced data security solutions and cyber security solutions such as data center security solutions and services.
This can be ascribed to the increasing development of sophisticated technology and vast amounts of data. The increasing construction of hyperscale data centers, rising colocation investment across data centers, and advancements in video analytics and cloud-based analytics will boost the market size of data center security.
However, limited IT budgets, availability of low-cost substitutes, and piracy are hampering the market growth. Furthermore, the requirement for more data centers, micro-segmentation for enhanced data center security, and Integrating logical and physical security solutions are likely to provide lucrative development opportunities for the data center security market in the forthcoming years.
Data Center Security Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2029 |
| Study Period | 2018-2029 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2029 | $ 41.25 billion |
| Growth Rate | CAGR of 15.96 % during 2019-2029 |
| Segment Covered | by Application, by Data Center Type, by Verticals, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Hewlett Packard Enterprises, IBM Corporation, Fortinet, Honeywell International, Schneider Electric SE, McAfee, Dell, Robert Bosch Gmbh, Cisco systems, Inc., Fortinet Inc., Check Point Software Technologies Ltd., Siemens AG, Trend Micro, Inc., Tyco International, Symantec Corporation, Juniper Networks, Inc., Citrix Systems, Inc., MacAfee, VMware Inc., IAM Networks, Nextlabs, Nucleus Cyber |
Key Segments of the Global Data Center Security Market
Solution Overview (USD Billion)
- Logical Security Solution
- Physical Security Solution
Services Overview, (USD Billion)
- Managed Security Services
- Security Consulting
- Professional Services
Application Overview, (USD Billion)
- BFSI
- Healthcare
- Energy
- Information Technology and Telecom
- Government
- Others
Regional Overview, (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- Rest of Asia Pacific
- Rest of World (RoW)
Frequently Asked Questions (FAQ) :
Data Center Security Market Projected To Grow At A CAGR Of 15.96% by 2029
North America held the greatest market share for data center security
The world data center security market is segmented based by Application, by Data Center Type, by Verticals, Regions.