Global Virtualization Security Market - Segmented by Component (Hardware, Software), Solution, Services (Planning & Designing, Deployment, Support & Maintenance), End-user Application, and Region - Growth, Trends, and Forecast (2022 - 2030)

The virtualization security services market is expected to register a CAGR of 15.1%, during the forecast period (2018 - 2023). The scope of the report is limited to the type of virtual security component, solution, and services used in various end-user applications. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Increasing security concerns and increase in network virtualization are major factors driving the growth of the market, where as high costs of security solution is inhibiting its growth rate.

Increase in Network Virtualization

Network virtualization has gained popularity because of its scalability, which is way beyond vLAN. Moreover, deployment of network virtualization does not require any change in existing physical network, the main factor contributing to its popularity. Network virtualization is being adopted by companies as it offers a bunch of benefits, such as disaster recovery, easier migration to cloud, reduction in capital and operating expenditure and many more. The companies, which have deployed this technology are finding easier to manage files, images, and programs, among others. As the market of this technology is growing, more and more data will be on cloud, thus, boosting the demand of virtualization security market.

North America to Maintain its Dominance During the Forecast Period

Virtualization security market is growing at rapid rate in North America. Increased demand of identity and access management (IAM) is propelling the growth of virtualization security market in this region. Moreover, most of the cloud service providers are headquartered in this region, which requires virtualization security, thus, boosting the demand of this market.

Key Developments in the Market

• Decmber 2017 - Symantec partnered with BT to provide best-in-class endpoint security protection. This will help BT’s customers battle the rapidly changing threat landscape with a consolidated, intelligent security infrastructure
• August 2017 - Fortinet expanded its FortiGate Virtualized Security for VMware Cloud on AWS. The FortiGate VM enables an existing VMware-based private cloud to securely extend to the public cloud with site-to-site connectivity, cross-cloud segmentation, and consistent security policies for customers of VMware Cloud on AWS

Major Players - IBM CORPORATION, ORACLE CORPORATION, CA TECHNOLOGIES, MICROSOFT CORPORATION, AMAZON WEB SERVICES, SYMANTEC CORPORATION, amongst others.

Reasons To Purchase This Report

• To know how various factors are driving the market with respect to the global market scenario
• To analyze various market perspectives, with the help of Porter’s five forces analysis
• To understand, which of the regions is expected to witness the fastest growth rate during the forecast period
• To identify the latest developments, market shares, and strategies that are employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)

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