Product ID: UCMIG45A2133
Report ID:
UCMIG45A2133 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market size of Data Center Security reached over USD 12.6 billion in 2022 and is poised for a growth rate of over 12% from 2023 to 2032. The expanding utilization of cloud computing platforms among enterprises is leading to increased adoption of comprehensive physical and logical security measures, propelling the industry's expansion. The rise of workplace virtualization, software-defined networking, software-defined storage, and the growing prevalence of Bring Your Own Device (BYOD) are creating a demand for data center security to safeguard against malware attacks and intrusion threats. Additionally, the introduction of new and advanced technologies is expected to drive the necessity for defensive measures, system upgrades, virtualized infrastructure, and enhanced authorization layers.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Software & Services by segment aggregation, the contribution of the Internet Software & Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45A2133