Christy Publications Data Center Security Market | Page 2

can lead to loss or breach of confidential data. The major cloud vulnerabilities for data centers
include, session riding, virtual machine escape, and insecure cryptography. For instance,
according to ITRC (Identity Theft Resource Center) Organization's analysis, in 2016, around 454
data breaches were recorded in U.S. This is expected to boost demand for improved security
solutions to reduce risk of data breaches in data centers thus, propelling growth of data center
security market. However, availability of additional software at low cost and lack of awareness
are the major factors hampering growth of the market.
Banking and financial sector has emerged as the largest segment in the market
Increasing financial globalization plays a major role in expanding banking and financial sector.
Therefore, for maintaining large volume of data, management of data centers with efficient
security solutions is required. For instance, according to the ITRC (Identity Theft Resource
Center) Organization's analysis, in 2016, around 43 data breaches were reported in the banking
and financial sector in the U.S. Therefore, demand for security solutions is increasing
significantly, which has positively impacted growth of the data center security market.
Data Center Security Market: Regional Insights
On basis of geography, the data center security market is segmented into North America,
Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America is expected to
account for the largest share in the data center security market, due to high adoption of the
cloud computing solutions and increasing number of data centers in the region. This data is
prone to cyber threat and data breaches and could lead to heavy losses for companies.
Therefore, data security solutions are increasingly being adopted by companies. For instance,
according to the Coherent Market Insights’ analysis, in 2017, the total number of data breaches
in the U.S were pegged at 1,580.
Elaborate more @
https://www.coherentmarketinsights.com/ongoing-insight/data-center-security-market-1385
Data center security market: Competitive Background
Major players operating in the data center security market are Symantec Corporation, Juniper
Networks Inc., Allegion, Arecont Vision, Assa Abloy, Axis communications, BOON Edam,
byRemote, Digitus Biometrics, EMKA, Exacq Technologies, FutureNet Security Solutions, and
Hangzhou Hikvision Digital Technology.