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3. The Growing User Adoption Rate in Various Industries is expected to act as a Major Driver for the Growth of the Market

Data center security supports advanced threat and security solutions, access control and compliance solutions, and data protection solutions to provide a secured data center infrastructure that helps increase data center efficiency. The global data center security market is projected to reach USD 12.91 Billion by 2021 at a Compound Annual Growth Rate (CAGR) of 15.36 % during the forecast period (2016–2021).

The growing user adoption rate in various industries is expected to act as a major driver for the growth of the market. Hewlett Packard Enterprises Co, International Business Machines (IBM) Corporation, CISCO Systems, Fortinet, Honeywell International, Schneider Electric, McAfee, Dell,  and Robert Bosch Gmbh are some of the various major players offering data center security solutions and services. These players are innovating in this market and have adopted various strategies to expand their global presence and increase their market shares.

The report studies major growth strategies adopted by the leading players to stay competitive in the market. IBM, one of the key players offering data center security solutions, strategically made a move in the data center security market by acquiring Resilient Systems, which specializes in incident response systems. IBM analytics software and services suite provides customized security solutions for the transportation and travel industry. Additionally, Cisco acquired Lancope to enhance its threat visibility and security intelligence services. The company also developed Cisco Platform Exchange Grid (pxGrid) that offers framework integration with third party security platforms. Similarly, the companies have adopted various other strategies such as new product launches, collaborations, expansions, and developments.

The report provides a comprehensive insight on data center security market size, trends, driving forces, restraints, opportunities, and challenges related to the market that helps in understanding and assessing the market potential and future outlook for this market. The report also provides a competitive landscape and market analysis for the next five years. It includes various top players and provides insights on the strategies these players have adopted. Partnerships, agreements, collaborations, expansions, and new product and version launches were some of the major strategies adopted by the market players to achieve growth in the data center security market.

Related Reports:

Data Center Security Market by Application Solutions (Logical Security Solutions and Physical Security Solutions), Service (Consulting, Integration and Deployment, and Managed Services), Data Center Type, Vertical, and Region - Global Forecast to 2021

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