The growing use of virtualization and cloud technology is propelling the data centre security market forward.

Virtualization and cloud deployments have resulted in a huge increase in data volume. However, without sufficient security measures in place, this data is exposed to external attacks, which can result in the loss or breach of personal information. Session riding, virtual machine escape, and weak cryptography are all important cloud risks for data centres. According to the ITRC (Identity Theft Resource Center) organization's investigation, roughly 454 data breaches were reported in the United States in 2016. As a result, demand for improved Data Center Security Market solutions to limit the risk of data breaches in data centres is predicted to rise, propelling the data centre security market forward. However, more software is available.

The banking and finance industry has risen to become the market's largest portion.

The expansion of the banking and financial sectors is aided by increasing financial globalisation. As a result, Data Center Security Market management with effective security solutions is essential to retain massive volumes of data. According to the ITRC (Identity Theft Resource Center) organization's investigation, there were roughly 43 data breaches in the banking and financial sector in the United States in 2016. As a result, there is a huge increase in demand for security solutions, which has aided the expansion of the data centre security market.

Insights into the Data Center Security Market by Region

The Data Center Security Market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa based on geography. Because of the high use of cloud computing solutions and the growing number of data centres in the region, North America is likely to hold the greatest share of the data centre security market. This information is vulnerable to cyber attacks and data breaches, which could result in significant financial losses for businesses. As a result, businesses are increasingly adopting data security solutions. According to Coherent Market Insights' estimate, the total number of data breaches in the United States was 1,580 in 2017.