Data Center Security Market Poised to Hit $27.3 Billion by 2029 with Accelerating Growth Trends

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What Will the Data Center Security Industry Market Size Be by 2025?
Over the recent years, the size of the data center security market has shown significant expansion. The market, which is projected to be at $13.57 billion in 2024, is expected to reach $15.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.5%. Factors contributing to this growth during the historic period include an increase in cybersecurity threats, enhanced demand for data privacy and compliance, increasing generation of data, and the rise of cloud computing.

What's the Long-Term Growth Forecast for the Data Center Security Market Size Through 2029?
Anticipated to experience swift expansion in the upcoming years, the data center security market is projected to reach a value of $27.3 billion in 2029, with a compound annual growth rate (CAGR) of 14.9%. This growth within the estimated period is linked to various factors such as the rise in ransomware and extortion attacks, advancements in IoT and edge computing security, the implementation of zero trust security, and uptick in security automation. Furthermore, the period is expected to witness crucial trends like technological progress, the adoption of artificial intelligence (AI) and machine learning (ML), improvements in layered security and an augmented use of micro-segmentation.

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What Are the Key Growth Drivers Fueling the Data Center Security Market Expansion?
The rise in cyberattacks and data thefts is anticipated to boost the data center security market's growth in the forthcoming years. A cyber-attack, which aims to access a computer, computing system or network without permission to cause damage, alongside data theft or the unauthorized sharing or storing of private or financial data, is becoming more common with the increasing digitalization of data, connected devices expansion, and the advancement of techniques used by cybercriminals to exploit security flaws. This could include compromising login credentials, algorithms, proprietary methods or tools. This heightened frequency of cyberattacks and data thefts has led to the expansion of the data center security market, which focuses on the strategies and processes to protect data centers from threats, attacks, and unauthorized access. For example, in May 2024, the Information Commissioner's Office, a UK government body, reported over 3,000 cyber breaches in 2023, with the finance sector representing 22% of the incidents, followed by retail at 18%, and education at 11%. Thus, the escalating frequency of cyberattacks and data thefts is driving the growth of the data center security market.

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What Are the Key Trends Driving Data Center Security Market Growth?
Primary entities in the data center security domain are focused on devising groundbreaking products like compact firewall solutions to expand their stake in the market. Generally, a compact firewall solution envelops support for a virtual private network (VPN), antivirus, antispam, antispyware and content filtering functions. For instance, Fortinet Inc., a company originating from the U.S. that specializes in data center security and deals in products such as firewalls, intrusion detection and endpoint protection systems, debuted the FortiGate 4800F series in August 2022, establishing itself as the fastest compact firewall worldwide for hyperscale data centers. The FortiGate 4800F is powered by 16 of Fortinet's 7th gen network processors (NP7) and offers staggering performance metrics for a condensed firewall, bearing Security Compute Assessments that provide up to a 34-fold increase in efficiency compared to rival solutions and the ability to manage 19 times more connections per second on average. The hyper-scale firewalls from the FortiGate 4800F series empower enterprises and MNOs to run a larger number of apps simultaneously, thereby reducing their hardware size and effectively securing their IT environments.

How Is the Data Center Security Market Segmented?
The data center securitymarket covered in this report is segmented -

1) By Component: Solutions, Services
2) By Data Center Type: Mid-Sized Data Centers, Enterprise Data Centers, Large Data Center
3) By Application: Physical Security Solutions, Logical Security Solutions
4) By Vertical: Banking, Financial Services and Insurance (BFSI), IT And Telecom, Government and Defense, Healthcare, Media And Entertainment, Other Verticals

Subsegments:
1) By Solutions: Physical Security Solutions, Network Security Solutions, Data Security Solutions, Endpoint Security Solutions, Access Control Solutions
2) By Services: Consulting Services, Integration Services, Managed Security Services, Training And Support Services

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Which Companies Are Leading the Charge in Data Center Security Market Innovation?
Major companies operating in the data center security market are Google LLC, Dell Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Siemens AG, International Business Machines Corp, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., Broadcom Inc., Hewlett Packard Enterprise Development LP, Tyco International PLC, VMware Inc., Equinix Inc., NetApp Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Citrix Systems Inc., McAfee Corp., Checkpoint Software Technologies Ltd., Trend Micro Inc., Nutanix Inc., CyrusOne LLC, Coresite LLC, QTS Realty Trust Inc., Carbonite Inc., Acronis International GmbH, Nextlabs Inc., Veritas Technologies LLC.

Which Regions Are Leading the Global Data Center Security Market in Revenue?
North America was the largest region in the data center security market in 2024. The regions covered in data center security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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