According to a research report "Virtualization Security Market provides dedicated security services and assured traffic isolation within the cloud, along with customizable firewall controls as an additional managed service. Virtualization Security Market define, describe, and forecast the market by component (solution and services), organization size, deployment, end-user (service providers and enterprises), and region - Global Forecast to 2024" published by MarketsandMarkets. The global virtualization security market size is expected to grow USD 1.3 billion in 2019 to USD 2.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period.
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Virtual Infrastructure protection segment to
grow at the highest CAGR during the forecast period
Virtualization security
led to an increase in the reliability of virtual network environment and the
underlying infrastructure, which is essential for growing cloud services.
Virtualization security helps to improve business competitiveness by increasing
enterprise business efficiency and user productivity. Virtual Infrastructure
protection refers to the security configurations and hybrid appliances in a
virtualized environment. With the use of this solution, enterprises can lock
down configuration of the hypervisor to prevent access to any unused ports.
Moreover, this solution limits the potential risk of attack through the bypass
of the management console and direct connection to one of the hypervisors
control points. Furthermore, this type of solution provides a central control
point for authenticated access to all hypervisor and management control points,
and hence, organizations are deploying virtualization security solutions.
Managed services to grow at a higher CAGR
during the forecast period
Managed services mostly revolve around
the term “outsourcing.” Technologies such as big data analytics, blockchain,
and AI are rapidly evolving. Therefore, protecting business-critical
applications is getting tougher every day. This task becomes even harder when
an organization does not have a dedicated IT security team or experts. However,
due to high costs and resource constraints, organizations often outsource this
task to MSSPs. The MSSPs offer round-the-clock visibility into the IT
infrastructure and provide security assessment and monitoring of applications,
systems, and devices. The demand for managed services is on the rise due to
growth in large-scale networks and increase in IoT and cloud applications in
organizations.
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Asia
Pacific to grow at the highest CAGR in the market during the forecast period
The
APAC region is expected to experience extensive growth opportunities during the
forecast period. With the increasing adoption of cloud technologies,
virtualization and the increasing amount of business processes, there has been
a significant rise in the adoption of virtualization security solutions and
services in this region. Increasing focus and investments in areas such as
virtualized environment, quality, and advanced security techniques is set to
drive the growth of the virtualization security market. Increasing adoption of
virtualization security for cloud-based applications has created a demand for
full-fledged virtualization security solutions in the region. The APAC region
demonstrates a combination of high growth, developing economies, and mass
adoption of BYOD and IoT trends. Thus, this region is estimated to be growing
at the fastest CAGR during the forecast period.
Various
growth strategies have been adopted by the major players to increase their
market presence, such as mergers and acquisitions, partnerships and
collaborations, business expansions, and product developments. Some of the
major technology vendors in the virtualization security market are Trend Micro
(Japan), VMware (US), Juniper Networks (US), Fortinet (US), Sophos (UK), Cisco
(US), IBM (US), Centrify (US), HyTrust (US), Check Point (srael), Tripwire
(US), HPE (US), Dell EMC (US), Intel (US), CA Technologies (US), Symantec (US),
StrataCloud (US), ESET (Slovakia), McAfee (US), and Huawei (China).
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