According to a research report "Virtualization Security Market by Component (Solution (Virtual Infrastructure & Lifecycle Protection) & Services (Professional & Managed)), Deployment, Organization Size, End User (Service Providers & Enterprises), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global virtualization security market is expected to grow from 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. The significant aspects of driving the virtualization security market include increasing adoption of virtual applications across SMEs and large enterprises.
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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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Europe
is expected to grow at a significant CAGR during the forecast period
This region comprises major growing economies, such as the
UK, Germany, and France. The virtualization security market is expected to be
witnessing growth opportunities in this region, with the major players focusing
on expanding their presence across various enterprises, such as healthcare,
BFSI, retail, and manufacturing. The Europe an region is the second-largest in
terms of adopting virtualization security solutions and services. Quite similar
to North America, enterprises in this region have been demonstrating a
progressive growth in the implementation of virtualization security solutions
and services, due to the presence of influential technical experts and
substantial IT budgets.
Key
Virtualization Security Market Players
The major virtualization security vendors include Trend
Micro (Japan), VMware (US), Juniper Networks (US), Fortinet (US), Sophos (UK),
Cisco (US), IBM (US), Centrify (US), HyTrust (US), Check Point (Israel),
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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