According to a new report, published by KBV research, The Global Data Center Security Market size is expected to reach $49.78 billion by 2031, rising at a market growth of 16.1% CAGR during the forecast period.
The Services segment obtained a CAGR of 17.1% during (2024 - 2031). Managed services, consulting, and training are increasingly sought after as organizations prioritize proactive measures and continuous security improvements. This segment’s growth is also fueled by the complexity of modern security systems, which require specialized knowledge and regular updates to stay effective against emerging threats. Furthermore, the shift towards hybrid and multi-cloud environments has amplified the need for services to ensure seamless security integration across diverse infrastructures.
The Large Data Center segment is leading the Global Data Center Security Market by Type in 2023; thereby, achieving a market value of $19.67 billion by 2031. The rising demand for robust security measures in hyperscale and enterprise-level facilities drives this. These data centers house massive volumes of critical data. Sophisticated cyberattacks often target them, necessitating advanced solutions such as physical access controls, network security systems, and real-time threat monitoring. Additionally, the increasing adoption of cloud computing, big data, and AI-driven applications has led to significant investments in securing large-scale infrastructure, further solidifying this segment’s dominance.
The BFSI market registers a CAGR of 15.2% during (2024 - 2031). Financial institutions handle vast amounts of sensitive data, making security data essential for protecting customer information and complying with regulatory standards. With the growing shift tos digital platforms and mobile banking, there is an increasing need for advanced security solutions in this sector. As cyberattacks targeting financial systems become more sophisticated, the demand for state-of-the-art data center security in BFSI continues to rise.
Full Report: https://www.kbvresearch.com/data-center-security-market/
The North America region dominated the Global Data Center Security Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $17.30 billion by 2031. The Europe region is experiencing a CAGR of 15.7% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 16.7% during (2024 - 2031).
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