Data Centre Security Market to Reach USD 19.58 Billion, Globally by 2026

The Global Data Centre Security Market is expected to grow from USD 7.19 billion in 2018 to USD 19.58 billion by 2026 at a CAGR of 15.61% during the forecast period from 2019-2026. Increasing data traffic and need for secured connectivity, rise in cyber threats, and growing adoption of virtualization and cloud technology are the major trends for the demand of the market.

Solution segment registered highest market share of 55.31% in 2018 

Component segment is divided into solution and services. The solution segment is further divided into logical security and physical security. The logical security segment is further segmented into threat and application security, compliance management, data protection, access control, and others. The physical security segment is further segmented into surveillance solution, monitoring solution, access control, and others. The solution segment is further divided into consulting, integration and deployment, and managed services. The solution segment registered highest market share of 55.31% in 2018 due to growing need for data center security solutions and development of virtualized data centre security solutions.

IT and telecom segment is expected to hold the largest share of 38.16% during the forecast period
Application segment includes aerospace and defense, financial services, IT and telecom, government, healthcare, media & entertainment, and education. The IT and telecom segment is expected to hold the largest share of 38.16% during the forecast period. The increasing amount of awareness about the emergence of new threats, the sophistication of attacks, and the next generation technology is motivating the demand in the IT and telecom segment.

Regional Segmentation Analysis

The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region dominated the global data centre security market with market size around USD 2.82 billion in 2018. Adoption of virtualization and cloud deployments, presence of major players, and rapid technological advancements are some of the factors that led to the growth of data centre security market in North America region.