San Francisco, Aug. 19, 2016 (GLOBE NEWSWIRE) -- The data center security market is expected to reach USD 15.49 billion by 2024, according to a new report by Grand View Research, Inc. Data center security encompasses all the measures taken to encapsulate the data center environment and protect it from intrusion. It needs to be safeguarded against attacks and manipulation at both physical and logical level, subsequently creating a need for a cumulative deployment of security infrastructure. The increasing awareness about the need for security, growing demand from the data center users for an integrated infrastructure, increasing adoption of cloud computing and virtualization, and threat to the stored information due to the rising number of cyber-attacks are expected to propel industry over the forecast period.
With a large number of businesses moving to cloud computing platforms and virtualization of data storage techniques, the traditional boundaries and perimeters of the networks are being eliminated. The end users need to be upgraded and equipped with new and efficient technology to tackle rising numerous threats and vulnerabilities. These existing conditions are expected to help the industry grow in the coming years.
The demand is also fueled by a large number of small and medium enterprises that are moving their resources to public clouds and the growing amount of data generated online. The necessity to protect and safeguard information, which includes critical information such as transaction records, personal information, and intellectual property, will help to upsurge the demand over the forecast period.
The increasing number of attacks not only jeopardizes the reputation of companies but also endangers large amount of private and corporate information. The recent rise in the attacks in large corporations to gain access to these repositories of data has brought the security issues in the data centers to the forefront, hence creating awareness amongst the industries as well as the masses.
The ever-changing nature of technology and the growing sophistication of attacks have led to innovations and resource pooling by vendors in the data center security market, which may pave the way for customizable and configurable solutions. As there is a growing need for data center security solutions, the market is expected to foresee adoption in numerous diverse verticals.
Browse full research report with TOC on “Data Center Security Market Analysis By Application (Financial Services, IT & Telecom, Government, Education, Healthcare, Media & Entertainment), By Service (Consulting, Integration & Deployment, Managed Service), and By Solution (Logical Security, Physical Security) And Segment Forecasts To 2024” at: http://www.grandviewresearch.com/industry-analysis/data-center-security-market
Further key findings from the report suggest:
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Grand View Research has segmented the data center security market has been segmented on the basis of application, service, solution, and region:
Data Center Security Market Application Outlook (Revenue, USD Million, 2015 - 2024)
Data Center Security Market Component Outlook (Revenue, USD Million, 2015 - 2024)
Data Center Security Market Regional Outlook (Revenue, USD Million, 2015 - 2024)
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