“The global data center logical security market is estimated to grow at a CAGR of 7.5% from 2014 to 2019. Although the mature markets (such as the U.S. and the U.K.) hold larger shares in the data center logical security market, the Asia-Pacific region is expected to grow at the highest CAGR of 8.5% during the forecast period. The growth of the data center logical security market is driven by factors such as high usage of cloud computing, virtualization and increasing security concern of curtail business and personal data. However, factors such as availability of low cost, substitute software solutions and, low awareness of solutions and its benefits, are the factors that are restraining the growth of this market. Moreover, emerging economies such as India, Brazil, Singapore, and China are creating growth opportunities for the data center logical security market in these regions.
In this report, the global data center logical security market has been broadly classified into Solutions, i.e. Threat and Application Security Solutions, Access Control and Compliance, Data Protection Solutions. The Services segment is further categorized into Security consulting services, Managed security services. The data center logical security market has been broadly classified by types of datacenters. The Mid-Size data centers market segment is estimated to grow at the high CAGR from 2014 to 2019. Factors such as high technological adoption rate, increasing data security concern, and efficient data access, control and monitoring needs are driving the growth of this market.
Geographically, North America (comprising the U.S. and Canada) is estimated to command the largest share of 41.5% of the global data center logical security market in 2014, followed by Europe. The data center logical security market in North America is primarily driven by factors such as increasing governmental initiative of data privacy and security, high technological advancements in data centers, and high numbers in usage of cloud and virtualization. However, high availability of low cost, substitute software solutions, low awareness, and budgetary constraints are some of the main issues which are hampering the growth of the data center logical security market in this region. The Asia-Pacific region is estimated to grow at the highest CAGR of 8.5% from 2014 to 2019. Factors such as increasing numbers of new datacenter, high technological adoption rates, and increasing requirement and needs of data security in various business verticals are propelling the growth of the data center logical security market in the Asia-Pacific region.
The global data center logical security market is a competitive market with a number of new and established market players with niche technologies. As of 2014, the global data center logical security market is estimated to be dominated by market players such as Cisco (U.S.), IBM (U.S.) and Mcafee (Intel Security) (U.S.) etc. New solution launches and partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the data center logical security market.
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