Data Center Logical Security Market Size, Share, Industry Trends and Forecast to 2030

1. Data Center Logical Security Market Size & CAGR in 2021

The global data center logical security market size in 2021 was valued at USD 6.5 billion. With a compound annual growth rate (CAGR) of 12%, the market is expected to reach USD 12.3 billion by 2028. The increasing focus on data protection and the rise in cyber threats have driven the growth of the data center logical security market.

2. COVID-19 Impact on the Data Center Logical Security Market

The COVID-19 pandemic has significantly impacted the data center logical security market. With businesses and organizations shifting to remote work setups, there has been a surge in cyber threats and security breaches. This has led to an increased demand for data center logical security solutions to protect critical data and information.

3. Data Center Logical Security Dynamics

The dynamics of the data center logical security market are driven by factors such as the increasing adoption of cloud computing, the rise in cyber attacks, and the growing awareness about data security among enterprises. Key players in the market are focused on developing advanced security solutions to address the evolving security threats in data centers.

4. Segments and Related Analysis

The data center logical security market is segmented based on solutions, services, deployment mode, organization size, and verticals. The solutions segment includes access control, encryption, threat detection, and prevention, while the services segment comprises consulting, training, and support services. Small and medium-sized enterprises (SMEs) are increasingly adopting data center logical security solutions to safeguard their sensitive data and information.

5. By Region Analysis

In terms of region, North America accounted for the largest market share in the data center logical security market in 2021. The region has a high concentration of IT companies and data centers, leading to a greater need for robust security solutions. Asia Pacific is expected to witness significant growth in the market, driven by the increasing digitalization and adoption of cloud services in countries like China and India.

6. Key Market Players and Competitive Landscape

Key players in the data center logical security market include Cisco Systems, IBM Corporation, Symantec Corporation, Dell EMC, and Check Point Software Technologies. These companies are focusing on strategic partnerships, acquisitions, and product innovations to gain a competitive edge in the market. The competitive landscape is characterized by intense competition and technological advancements.

7. Recent Happenings in the Data Center Logical Security Market

Recent developments in the data center logical security market include the launch of advanced security solutions by leading players, partnerships between security vendors and cloud service providers, and increasing investments in research and development activities. With the evolving threat landscape, data center logical security solutions are becoming more sophisticated and effective in mitigating cyber risks.