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Global Data Center Security Market 2015-2020 - Solutions (Logical Security, Physical Security) & Services (Consulting Services, Managed Services and Professional Services)DUBLIN, April 15, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/n73kv7/data_center) has announced the addition of the "Data Center Security Market by Solution (Logical Security, Physical Security), by Services (Consulting Services, Managed Services and Professional Services ), by Data Center Types (Mid-Size, Enterprise and Large) and by Region (NA, Europe, APAC, MEA and LA) - Global Forecast to 2020" report to their offering. (Logo: http://photos.prnewswire.com/prnh/20130307/600769 ) The total data center security market is expected to grow from $4.74 billion in 2015 to $ 8.13 billion in 2020, at an estimated Compound Annual Growth Rate (CAGR) of 11.4% from 2015 to2020 The global data center security market has been broadly classified into data center security components, i.e. solutions and services. The solutions market is estimated to account for the larger share of the global data center security market in 2015. However, the services market is expected to grow at the high CAGR in the next five years, owing to factors such as high technological advancements, low budgetary requirements and requirements of various kinds of post and pre sales services. The data center security is further segmented on the basis of datacenter type, i.. Mid-size, enterprise, and large. A number of factors including high growth in the adoption of cloud computing, virtualization and increasing attacks on data centers and security concern of curtail data are some of the key factors that are fueling the growth of the data center security market. However, availability of low cost, substitute software solutions and, low awareness of solutions and its benefits are some of the key restraints and challenges faced by market players. In 2015, the global data center security market is estimated to be dominated by North America with a 37.05% share. A number of factors such as increasing government initiative for data security and privacy, high technological advancements in datacenters, high growth in numbers of cloud and colocation service providers are driving the growth of the data center security market in the North American countries. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020 due to factors such as rising data security concerns in various booming sectors such as BFSI, Government and Public, high technological adoption rates and increasing requirement of improved data access and control. New product launches, partnerships, and collaborations are the key strategies adopted by the major players to develop their position in the global data center security market. Moreover, strategies such as partnerships, agreements, collaborations, joint ventures, and acquisitions were also adopted by a significant number of market players to strengthen their solutions portfolios and expand their geographic presence. Cisco (U.S.), IBM (U.S.) and MacAfee (Intel Security) (U.S.), Fortinet (U.S) are few key players operating in the global data center security.
SOURCE Research and Markets 
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