According to the research report titled ‘Global Data Centre Security Market Size study, by Application (Financial services, IT and Telecom, Government, Education, Healthcare, Media & entertainment, Others), Services (Consulting, Integration & deployment, Managed services), Solutions (Logical security, Physical security) and Regional Forecasts 2020-2027’, available with Market Study Report, global data centre security market size was worth USD 9.02 billion in 2019 and is expected to record a CAGR of 10.7% over 2021-2027, subsequently accumulating USD 20.34 billion by the end of the assessment period.

Shifting preference to cloud-based infrastructure, increasing network traffic, and rising data leakage are the key factors fueling global data centre security market growth. Moreover, increasing threat to data centre security is also adding to the market development.
 

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The government of India cited that there was a 300% increase in cyber-attacks from 3,94,499 cases in 2019 to 11,58,208 cases in 2020. The increase in number of cyberattacks is creating lucrative prospects for businesses operating in this domain, further adding to the industry progression.
 

For the unaware, the pursuit of actions that make data centres highly safe against attacks and dangers is termed as data center security. Businesses consider the data centre to be an important resource, demanding unique security measures. It helps in the optimal protection of sensitive information and applications through virtualized environments.
 

Increasing emphasis on protection against data breaches & frauds and surging DoS (denial of serive) attacks are boosting the demand for data centre security, positively impacting the business scenario.
 

Speaking of factors restraining global data centre security marketplace, high maintenance cost and lack of service to the systems are posing a challenge.
 

Elaborating on geographical ambit, North America, Asia Pacific, Latin America, and Europe hold immense opportunities for the market development. Of these, Europe presently holds considerable portion of worldwide data centre security industry share, owing to increasing users of internet and affordability of digital services, in tandem with presence of well-established digital infrastructure in the region.
 

Meanwhile, Asia Pacific industry is poised to record substantial returns over 2021-2027, attributable to rising disposable income, increasing cases of data theft, along with enhancing data center infrastructure and data security techniques. 
 

Major contenders in global data centre security market are Juniper Networks Inc., IBM Corporation, Honeywell International Inc., Hewlett-Packard Development Company L.P., Fortinet Inc., EMC Corporation, Dell Inc., Citrix Systems Inc., Check Point Software Technologies Ltd., and Cisco Systems Inc.