Global Data Center Security Market to Reach $12 Billion by 2027
Amid the COVID-19 crisis, the global market for Data Center Security estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$12 Billion by 2027, growing at aCAGR of 9.6% over the period 2020-2027. Threat & Application Security, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$8.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Data Protection & Infrastructure Security segment is readjusted to a revised 8.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 12.8% CAGR
The Data Center Security market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2027 trailing a CAGR of 12.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 8.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.We bring years of research experience to this 19th edition of our report. The 278-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Bosch Security and Safety Systems North America
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
- Fortinet, Inc.
- Honeywell International, Inc.
- Intel Corporation
- Schneider Electric SA
- Siemens AG
- Trend Micro, Inc.