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Global Data Center Logical Security Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Component (Solution and Services); Size (Large, Mid-Size, and Enterprise); Application (BFSI, Healthcare, Government, Energy, Retail, and Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 12480
Pages: 150
Formats: report pdf report excel report power bi report ppt

Global Data Center Logical Security Market Size (2024 to 2029)

The global data center logical security market is predicted to reach USD 4.29 billion in 2024 and USD 5.90 billion by 2029, growing at a CAGR of 6.57% during the forecast period.

The software of a system for the organization is protected by data center logical security. User identity, password access, access permissions, authentication, and authority levels are all part of the data center's logical security. These procedures ensure that only authorized users in a network or workstation can conduct specific actions (such as gaining access to information). Introducing modern data center logical security solutions will create numerous chances for existing and new service providers to expand.

Global Data Center Logical Security Market Drivers:

The market growth rate is expected to accelerate due to rising data traffic on a global scale and increased demand from end-users, primarily in the communication industry. The rising demand for smartphones and a communication network for entertainment is expected to impact data traffic, contributing to the data center's market growth rate and the logical security provided. The massive increase in the growing infrastructure will likely be a key driver for the industry, as 5G deployment is rapidly increasing across all areas. Furthermore, 5G makes edge computing a requirement, necessitating geographically connected data centers and affecting the demand for logistic security.

Global Data Center Logical Security Market Restraints:

Attacks are rising due to many organizations' lack of awareness of cyber hazards, reducing the market's growth rate. Ransomware attacks are also expanding at an alarming rate, creating a new challenge for security firms. The threat also expands as the number of data centers grows due to various factors. However, the market's growth is projected to be slowed by a lack of understanding of security features such as data center logical security.

Impact of COVID-19 on the global data center logical security market:

The COVID-19 pandemic has made a slowdown in the economy. As a result, demand for digital and sophisticated technology solutions is rising across all industries around the world, and demand for data and storage is rising as well. The need for data center logical security is skyrocketing, which is expected to strengthen the market in the coming years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.57%

Segments Covered

By Component, Size, Application, and Region

Various Analyses Covered

Global, Regional, & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Check Point Software Technologies (Israel), Bosch Security (Germany), Fortinet (US), Cisco (US), Intel (US), VMware (US), HP (US), Dell (US), Juniper Networks (US), Italtel (Italy) and Others.

 

This research report on the global data center logical security market has been segmented and sub-segmented based on the component, size, application, and region.

Global Data Center Logical Security Market - By Component:

  • Solutions

  • Services

The solutions market is expected to dominate the global data center logical security market. However, due to significant technical improvements, low budgetary requirements, and the demand for various post and pre-sales services, the services industry is predicted to rise at a high CAGR over the next five years.

Global Data Center Logical Security Market - By Size:

  • Large

  • Mid-Size

  • Enterprise

Large data centers will have the most significant market share in 2020. This sector includes data centers with more than 20,000 square feet of computing space. Because these data centres use a large number of servers and manage a considerable amount of data, the danger of attacks and losses is substantial. This is expected to significantly enhance the demand for Data Center Logical Security and contribute to market growth during the projected period.

Global Data Center Logical Security Market - By Application:

  • BFSI

  • Healthcare

  • Government

  • Energy

  • Retail

  • Others

The BFSI industry is predicted to have the most significant market share in 2020, followed by IT and Telecom. The increased adoption of cloud models for data storage in banks is undoubtedly enhancing data center logical security acceptance. This will likely contribute to market growth because integrated solutions demand data centres. BFSI includes core banking, mutual funds, insurance, other financial services, and physical and virtual servers, all of which contribute considerably to the market's growth rate. Due to the introduction of 5G, IT and Telecom are predicted to grow rapidly.

Global Data Center Logical Security Market – By Region:

  • North America

    • The United States

    • Canada

    • Rest of North America

  • Europe

    • The United Kingdom

    • Spain

    • Germany

    • Italy

    • France

    • Rest of Europe

  • The Asia Pacific

    • India

    • Japan

    • China

    • Australia

    • Singapore

    • Malaysia

    • South Korea

    • New Zealand

    • Southeast Asia

  • Latin America

    • Brazil

    • Argentina

    • Mexico

    • Rest of LATAM

  • The Middle East and Africa

    • Saudi Arabia

    • UAE

    • Lebanon

    • Jordan

    • Cyprus

Asia Pacific is predicted to be the most dominant region, because of growing data traffic from countries like China and India. The growing trend in India toward digitalization, which includes initiatives like Digital India, Smart Cities, and others, is likely to boost market growth significantly. This needs networked solutions, which drive demand for data center equipment like racks, power, cable management, and other related goods. The vast banking sector in China also contributes to the market's rapid expansion. In addition, the increasing deployment of 5G in many countries is predicted to boost the market's growth rate.

North America is expected to account for 41.5 percent of the worldwide data center logical security market. Factors such as increased governmental initiatives for data privacy and security, significant technological improvements in data centers, and large numbers of cloud and virtualization users drive the data center logical security market in North America. However, the high availability of low-cost, substitute software solutions, lack of awareness, and budgetary restraints are significant roadblocks to the growth of the data center logical security market in this region.

Germany accounted for most of the European market share, followed by the United Kingdom and Spain. France, Italy, and Poland are some of the other European countries that contribute to the market. Due to security, latency, and connection requirements, businesses are adopting data centers.

KEY MARKET PARTICIPANTS:

The major companies operating in the global data center logical security market include Check Point Software Technologies (Israel), Bosch Security (Germany), Fortinet (US), Cisco (US), Intel (US), VMware (US), HP (US), Dell (US), Juniper Networks (US), and Italtel (Italy).

RECENT HAPPENINGS IN THE MARKET:

  • At Juniper Networks' 2021 Global Analyst, Influencer, and Media Summit, the company unveiled new products. These include two new Wi-Fi 6E access points, an IoT Assurance service, and Juniper Support Insights, a new support solution. Juniper Support Insights is an artificial intelligence (AI)- -based solution that provides visibility and insights across Juniper's Juno platform. This will make optimizing their networks' performance easier for service providers, businesses, and partners. 

  • VMware has announced a partnership with Intel in India to assist women developers who have taken a break from their jobs. VMware's VMinclusion Taara – one of India's most extensive upskilling programs – will collaborate with Intel's Home To Office (H2O) program to empower developers with relevant skills and career opportunities as part of Intel India's ecosystem-wide BeingWISE (Women Innovators, Social Leaders, and Entrepreneurs) initiative. 

  • Check Point® Software Technologies Ltd, a leading global provider of cyber security solutions, today announced that Avanan, which Check Point Software recently acquired, was ranked 125 on the Deloitte Technology Fast 500TM, which is now in its 27th year and ranks the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, plus energy tech companies in North America. 

  • Fortinet® and Microsoft have announced the expansion of their partnership to provide the industry's first next-generation firewall (NGFW) and Secure SD-WAN interoperability with Microsoft Azure Virtual WAN. Customers may now apply advanced security controls to virtual WAN traffic and extend Secure SD-WAN into the Azure virtual WAN hub for the first time from any vendor.

 

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FAQ's

How is cloud adoption impacting the demand for logical security in data centers worldwide?

The increasing adoption of cloud services is driving the demand for logical security solutions, as organizations seek to secure their data and applications in virtualized and cloud environments.

How are advancements in technologies like artificial intelligence influencing the Data Center Logical Security Market globally?

Advancements in technologies, particularly AI and machine learning, are enhancing the capabilities of logical security solutions by enabling proactive threat detection and response on a global scale.

What role do regulations play in shaping the Data Center Logical Security Market globally?

Stringent data protection and privacy regulations, such as GDPR in Europe and CCPA in the United States, are significant factors influencing the adoption of logical security solutions globally.

What are the key trends driving innovation in the Data Center Logical Security Market across regions?

Trends include the integration of zero-trust security models, the adoption of micro-segmentation techniques, and the development of security automation to strengthen global data center security postures.

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