Virtualization security gives data center administrators the power to automatically secure machines, automatically have security policies follow workloads when they move, automatically set up firewall rulesets for classes of servers and automatically quarantine compromised or out of compliance assets, amongst many examples.
The global virtualization security market is growing rapidly mainly due to the growing demand for cloud computing. The is one of the main driving factors of the virtualization security market growth.
The proliferation of the internet of things (IoT) is boosting the growth of the virtualization security market to the extent, improving cloud computing delivery in business applications. Virtualization security platform includes new cloud services, engineered systems, and servers which are escalating the market on the global platform.
Acknowledging the colossal traction, the market perceives currently; Market Research Future (MRFR), in its recently published market study report asserts that the global virtualization security market will garner a valuation of approximately USD 8BN by 2023, registering a double-digit CAGR over 12% throughout the forecast period (2018 – 2023).
Additionally, factors such as the need for stringent compliance and regulatory requirements and increased deployment of web and cloud-based applications are boosting the growth of the market. Increasing enterprise budgets for virtualization security are also driving a greater interest in investment opportunities in this high-growth sector.
Conversely, factors such as the negligence towards security compliances alongside the growing cyber-attacks and lack of technical expertise are impeding the growth of the market up to some extent. Nevertheless, factors such as the proliferation of BYOD trend and connected devices alongside the Internet of things (IoT) will support the market growth over the forecast period.
Global Virtualization SecurityMarket – Segmentation
For ease of understanding, the market is segmented into five key dynamics: –
By Type : Hardwareand Software among others.
By Services : Integration & Design, Support & Maintenance, and Consulting among others.
By Infrastructure : Hypervisor, Virtual Switch, Web Server, and Virtual Machine among others.
By End-user : Cloud Service Provider, IT & Telecommunication, Healthcare & Retail, and Government among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Virtualization SecurityMarket – Regional Analysis
The North American region heading with the increasing demand for identity and access management dominates the global virtualization security market. The region led by the vast technological advancements offers a favorable platform for virtualization security to evolve further. Factors such as the increasing demand for security solutions in the growing number of business and growing cloud computing market substantiate the market growth in the region. Also, factors such as the growth of IoT due to the rapid adoption of connected devices and technologies are some of the significant driving forces contributing to the virtualization security market in the region.
Security Virtualization Market Size in the European region accounts for the second-largest market, globally. Large technological advancements and proliferation of intelligent connected devices are some of the major factors positively impacting the market growth in the region.
Furthermore, the well-established infrastructure in the region propels the market growth, allowing faster implementation of advanced technologies. The increasing number of cyber-attacks in the burgeoning automotive and IT industry in this region is a key driving force pushing up the growth of the virtualization security market in the European region.
The Asia Pacific virtualization security market has emerged as a profitable market, globally. Factors such as the increasing number of businesses in the developing countries which are inclined toward automation and are increasingly adopting IoT devices are fostering the growth of the regional market. Besides, the proliferation of smart, connected, portable devices, expanding adoption of IoT solutions, and the burgeoning IT sector are acting as major tailwinds to the growth in the regional market. Also, the increasing numbers of prominent players in this market drive the market growth virtualization security in the APAC region.
Global Virtualization Security Market – Competitive Analysis
Fiercely competitive, the virtualization security market appears to be fragmented due to the presence of various large and small-scale players. Matured players are substantially investing in transforming the business landscape in the future. Key players are incorporating strategic initiatives such as partnership, collaboration, acquisition, product & technology launch, and expansion to gain an edge over their competitors and thus to stay ahead in this market.
Top companies are coming up with the advanced technology solution to maintain themselves in the market competition. These market leaders are substantially investing in R&D to innovate new products continuously. To support their expansion strategies, they invest heavily and acquire small yet promising companies from the emerging regions.
Key players leading the global virtualization security market include Trend Micro Inc. (Japan), Altor Networks (U.S.), Symantec Corp. (U.S.), Fortinet Inc. (U.S.), VMware Inc. (U.S.), Hewlett-Packard (U.S.), Ericsson Networks (Sweden), Dell Inc. (U.S.), Intel Security Group (U.S.), Juniper Networks, Inc. (U.S.), CA Technologies (U.S.), Sophos Ltd (U.K), Citrix Systems, Inc. (U.S.) Red Hat, Inc. (U.S.), and Oracle Corporation (U.S.) among others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
+1 646 845 9312