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Technavio market analysts predict a stable growth phase for data security with a market growth of over 12% from 2015 to 2019. The research report considers revenue generated from the following:
•Adoption of logical security appliances and software
•Subscription cost and licensing for the software
Perimeter security solutions, facility security solutions, computer room security solutions, and rack-level security solutions but not revenue generated from services
Revenue generated from installation of perimeter fences, video surveillance, access control, and secure cabinets
The capital expenditure (CAPEX) involved in the installation of these security mechanisms during the construction of new facilities as well as renovation of existing data center facilities
It considers vendors that offer a particular solution, i.e., biometric systems and vendors that offer complete security solutions.
Market outlook of data center security and forecast
Data center physical security market is expected to grow significantly during the forecast period because of the increasing importance of data center for business continuity. Data center owners are likely to invest more in data center security on account of a decline in the average selling price (ASP) of major physical security solutions such as biometrics and video surveillance solutions. This decline is attributed to intense competition among vendors to meet the market demand.
However, the market is also predicted to witness several technical innovations reduce CAPEX on the data center physical security to meet end-user requirements. These factors will mitigate the decline in revenue and augment market growth through 2019.
Competitive analysis of the global data center security market
The other prominent vendors of the market include Advanced Perimeter Security, Allegion, Arecont Vision, Assa Abloy, Avigilon, Axis Communication, Axxon Soft, Boon Edam, Byremote, Digitus Biometrics, DvTel, Easy Clocking, EMKA, Exacq Technologies, FutureNet, Hikvision, Hurricane Fence, Integrated Biometrics, Jackson, March Networks, MOBOTIX, MOXA, Perimeter Protective System, Ravica, Salient System, Samsung, and Security Station.
Geographical segmentation of the global data center security market
Americas leads in terms of market share and with regard to security mechanism adoption because of the high number of facilities being operated in the region. Several vendors with expertise in identifying requirements, installation, and maintenance of security infrastructure operate in this region. As per the research report, facility construction in Latin America and Canada is expected to be more than in the US during the forecast period.
The market is currently witnessing an increase in the consolidation of facilities being carried out by government agencies. The resultant demand for security in large enterprises is expected to augment the adoption of much advanced security application and software.
Key questions answered in the report
•Logical security market share analysis 2014?
•What are the key factors driving the global data center security market?
•What are the key market trends impacting the growth of the global data center security market?
•What are the various opportunities and threats faced by the vendors in the global data center security market?
•Trending factors influencing the market shares for EMEA, APAC, and Americas?
•Key outcome of the five forces analysis on the global data center security market?
•Growth forecast of the global data center security market until 2019?
Technavio also offers customization on reports based on specific client requirement.
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