The global data centre logical security market is estimated to grow at a CAGR of 6.57% from US$ 3.331 billion in 2020 to US$ 4.880 billion in 2026.
The software of a system for the organisation is protected by data centre logical security. User identity, password access, access permissions, authentication, and authority levels are all part of the data centre logical security. All of these procedures are followed to ensure that only authorised users in a network or workstation can conduct certain actions (such as gaining access to information). The introduction of modern data centre logical security solutions will create numerous chances for existing and new service providers to expand.
The market growth rate is expected to accelerate due to rising data traffic on a global scale, as well as increased demand from end-users, primarily in the communication industry. The rising demand for smartphones, as well as a communication network for entertainment, is expected to have an impact on data traffic, contributing to the data centre's market growth rate and the logical security provided.
The huge increase in the growing infrastructure is likely to 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 centres, affecting the demand for Data Center Logical Security.
Attacks are on the rise as a result of many organisations' 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. As the number of data centres grows as a result of a variety of factors, the threat expands as well. However, the market's growth is projected to be slowed by a lack of understanding about security features such as data centre logical security.
The global data centre logical security market is expected to be dominated by the solutions market. However, due to factors such as significant technical improvements, low budgetary requirements, and the demand for various types of post and pre-sales services, the services industry is predicted to rise at a high CAGR over the next five years.
Large data centres will have the biggest market share in 2020. This sector includes data centres with computing space of more than 20,000 square feet. Because these data centres use a big number of servers and manage a considerable amount of data, the danger of attacks and losses is substantial, which is expected to greatly enhance demand for Data Center Logical Security and contribute to market growth during the projected period of 2021-2026.
The BFSI industry is predicted to have the biggest market share in 2020, followed by IT and Telecom. The increased adoption of cloud models for data storage in banks is surely enhancing data centre logical security acceptance. This is likely to contribute to market growth because integrated solutions demand data centres. BFSI includes core banking, mutual funds, insurance, and other financial services, as well as physical and virtual servers, all of which contribute considerably to the market's growth rate. Due in major part to the introduction of 5G, IT and Telecom are predicted to grow at a high rate.
APAC is predicted to be the most dominant region in 2020, 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. All of this needs networked solutions, which drives up demand for data centre equipment like racks, power supply, cable management supplies, and other related goods. The huge banking sector in China is also a major contribution 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 per cent of the worldwide data centre logical security market. Factors such as increased governmental initiatives for data privacy and security, high technological improvements in data centres, and large numbers of cloud and virtualization users are driving the data centre logical security market in North America. However, the high availability of low-cost, substitute software solutions, a lack of awareness, and budgetary restraints are some of the major roadblocks to the data centre logical security market's growth in this region.
In Europe, Germany accounted for the majority of the market share, followed by the United Kingdom and Spain, in that order. France, Italy, and Poland are some of the other European countries that contribute to the market. Data centres are being adopted by businesses due to security, latency, and connection requirements.
Trend Micro is the leader in the global data centre logical security market.
The COVID-19 pandemic has caused a slowdown in the economy. As a result, demand for digital and sophisticated technology solutions is rising across all industries around the world, and as a result, demand for data and storage is rising as well. As a result, the need for data centre logical security is skyrocketing. In the coming years, this is expected to strengthen the data centre logical security market.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Data Center Logical Security Market, By Component
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Data Center Logical Security Market, By Size
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Data Center Logical Security Market, By Application
6.3.7 Market Size Estimations & Forecasts (2021-2026)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Data Center Logical Security Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Component
7.2.3 By Size
7.2.4 By Application
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Component
7.3.3 By Size
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Size
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Component
7.5.3 By Size
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Component
7.6.3 By Size
7.6.4 By Application
8. Key Player Analysis
8.1 Check Point Software Technologies
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Bosch Security
8.9 Juniper Networks
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures