Virtualization Security Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Virtualization Security Market Overview and Definition
The global virtualization security market was valued USD 1.5 billion in 2021 and is expected to reach USD 6.7 billion by 2032, at a CAGR of 15.7 % during a forecast period 2022-2032.Virtualization significantly impacted on the IT and networking environments and provided huge cost savings as well as returns on investments for data centers, and the Cloud. Virtualization security is the collective measures, processes, and procedures that ensures the protection of a virtualization infrastructure or environment. It addresses various security issues that are faced by the components of a virtualization environment. It includes various methods to evaluate, monitor, implement, and manage security within a virtualization infrastructure or environment.
Virtualization security mainly consist of a number of processes such as creation and implementation of security policy; implementation of security controls and procedures at each virtual machine; and securing virtual network, virtual machines, and other virtual appliance.
COVID Impact Analysis
The COVID-19 epidemic has significantly pushed demand for the virtualization security. This is attributed to the proliferation of digital commerce and online meetings, making virtual infrastructure more important than ever before. For instance, growing number of enterprises are altering their business models and adopting remote working solutions leading to the escalated demand for use of virtualization applications to make it is easier to manage productivity. However, during the pandemic, data breaches have emerged as one of the major concerns for organisations. Hence, there is a significant need for ways to manage the security services of the different functioning organizations, leading to the demand for virtualization security.
Various countries around the globe have imposed a complete lockdown for more than two months as a result of the COVID-19 epidemic, which has had an impact on most of the industry verticals. However, the impact on the technology sector has been comparatively low. For instance, the manufacturing plants all across the world have been shut down, and automobile sales have plummeted. On the contrary, despite the downturn, the sectors associated with the cloud services, internet service providers (ISPs), information technology (IT) infrastructure, and data centers have experienced huge demand increase as a result of the shift towards home and remote working.
Top Impacting Factors
Various factors such as surge in incidence of cyberattacks and increasing adoption of virtual applications across large enterprises as well as small and medium enterprises primarily drives growth of the virtualization security market. In addition, data centers uses virtualization technologies to access the public cloud and also uses it as part of their data center infrastructure. Hence, virtualization security is expected to witness huge demand as more number of data center players are expanding their presence to generate new revenue streams, further leading to the growth of the market.
For instance, in June 2020, Oracle Corporation, the multinational computer technology corporation launched its second data center in India to fuel digital transformation as well as economic growth. This expansion of the data center will focus on employing sophisticated services that ensure optimal performance. Moreover, growing adoption of digitalization across developing and developed economies has pushed the need for existing data center facilities to ensure optimal functioning of infrastructures, leading to the virtualization of data center as well as incorporation of security in virtualized systems. Furthermore, increase in stringent regulations and compliance requirements boosts growth of the market.
However, lack of skilled professionals and various breaches related to the security layers by hackers may act as a main factors which may hamper growth of the market to some extent during the forecast period.
On the other hand, the increasing trends BYOD and IoT has created lucrative growth opportunities for the market growth. For instance, the workers are being inclined towards applications that are critical for businesses on any devices and can be used anywhere.
Regional Analysis
On the basis region, the Global Virtualization Security Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East and Africa. North America accounted for the largest share in the Global Virtualization Security Market. This is mainly attributed to the surge in adoption of advanced technologies in countries such as Canada and the U.S. along with the increasing usage of associated services. In addition to this, the market players in this region are developing advanced technologies as well as launching new services to stay competitive in the market. This factor further boosts growth of the market in the region. For instance, in December 2018, VMWare an American cloud computing and virtualization technology company launched VMWare NSX Service Mesh to provide features such as connectivity, monitoring, management, and security to networks with containerized micro services on cloud platforms.
However, the Europe is expected to grow at the highest growth rate during the forecast period. Growth of this region is mainly driven by the surge in the number of virtualization security providers. In addition, many companies in this region are collaborating on virtualization of the network or infrastructure, further boosting growth of the market. For instance, in September 2020, Telefónica Germany/ O2, a provider of broadband, landline and mobile telecommunications in Germany partnered with Ericsson and Amazon Web Services (AWS) to virtualize its 5G core networks to ensure cloud security.
Latest Trends
The increasing scalability among businesses as well as the extensive adoption of advanced technologies, such as cloud-based services and big data have boosted demand for virtualization security. Increasing number of companies are moving moving towards the cloud computing as well as many companies have already adopted cloud computing in their operations.
The businesses around the globe are actively looking for the security solutions that can be integrated into the virtualization infrastructure at a sufficient level to detect cyber-attacks in their early stage and to deliver malicious activity information to make quick decisions that isolate & analyze the threat.
Segmentation
Global Virtualization Security market segmentation is based on the component, deployment mode, organisation size, end user, and region. Based on the component, the Virtualization Security market is segmented into solution and services. Based on the deployment mode, it is segregated into on-premise and cloud. On the basis of organisation size, it is segmented into small and medium-sized enterprises (SMEs) and large enterprises. According to the end user, the market is divided into service providers and enterprises. enterprises Based on the region, it is segregated into North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
Key Companies
The global Virtualization Security market is consolidated with the presence of major players in the market such as Oracle Corporation, Juniper Networks Inc., Intel Security Group, CA Technologies, Sophos Ltd., VMware Inc., Altor Networks, Ericsson Networks, Trend Micro Inc., and other players.
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- Publication date: 22nd October 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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