Latin America. Recent research on the Data Center Security market addresses key insights into the competitive landscape and fastest growing segments in this regard. Similarly, the regions that make it up, key players, restrictions and opportunities.
Market Research estimates that the Data Center security market will grow at a CAGR of 11.4% between 2015 and 2020. Although mature markets (such as the US and UK) have larger shares in the data center security market (approximately 30.7%), the Asia-Pacific region will grow at the highest CAGR of 16.6% during the forecast period from 2015 to 2020.
The growth of the Data Center security market is being driven by factors such as the high use of cloud computing, virtualization, and the growing security concern in restricted businesses and personal data. However, factors such as low-cost availability, substitute software solutions, poor knowledge of the solutions and their benefits, are the factors that are limiting the growth of this market. Moreover, emerging economies such as India, Brazil, Singapore, and China are creating growth opportunities for the data center security market in these regions.
The global data center security market has been widely ranked into solutions, i.e. logical security solutions and physical security solutions. The Services segment is further classified into security consulting services, managed security services and professional services. It has also been classified by type of data centers. The mid-sized data center market segment is estimated to grow at the high CAGR between 2015 and 2020, owing to factors such as high technology adoption rate, growing concern for data security, efficient data access, and control and monitoring needs that are driving the growth of this market.
The global data center security market is a highly competitive market with a number of new and established market players with niche technologies. As of 2015, it is estimated to be dominated by manufacturers of equipment and solutions with a high degree of specialization such as Extreme Networks (NASDAQ: EXTR), a leading company in solutions for high-performance networks, which has responded to this trend with the development of services focused on network security, from access control (NAC), information and event management systems, up to its award-winning Extreme Networks IPS intrusion prevention system.
