According to a newly released Future Market Insights study, the Virtualization Security Market’s revenues were expected to be US$ 1.7 Bn in 2021 and are projected to increase at a CAGR of 14.1% from 2022 to 2032. The market is anticipated to reach a US$ 7.6 billion worth by the end of 2032.
Companies are seeking to change their business practises in order to fully utilise digital capabilities in competitive business contexts. One of the main factors fueling the market growth is the transition of companies to virtual infrastructure. In a short period of time, virtualization appears to have had a considerable impact on networking and information technology, leading to significant cost reductions and investment returns in data centres.
Security systems are becoming increasingly popular because to their ability to provide high-quality monitoring with little distortion. Security systems are becoming more popular since they allow for high-quality, distortion-free observation.
The growing emphasis of product producers on the use of new and sophisticated safety technologies, particularly in emerging economies, as well as rising instances of identity fraud and strengthening the IT industry in developing countries such as India and China, will exacerbate market development.
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As businesses migrate to the virtual environment to upgrade their legacy infrastructures, they confront a slew of security and integration challenges that can impact system or server performance as well as expenses. When software applications are migrated to the incorrect virtual environment, it results in poorer software performance if the environment is under-equipped or increased corporate expenses if the environment is over-equipped.
Competitive Landscape
The leading players in the global Virtualization Security market include Oracle Corporation, Ericsson Networks, Dell Inc., Juniper Networks, Inc., Altor Networks, Red Hat, Inc., Symantec Corp., Trend Micro Inc., Fortinet Inc., Sophos Ltd, Hewlett-Packard, and Citrix Systems.
- In February 2020, Sophos, a developer of next-generation cybersecurity solutions announced a new “Xstream” architecture for the Sophos XG Firewall that features high-performance TLS traffic decryption capabilities. Due to the efficiency and complexity considerations, security teams typically ignore a substantial security risk connected with encrypted network traffic.
- In January 2021, Optum and Change Healthcare, a provider of healthcare technology, announced a partnership. Under this alliance, Change Healthcare would take part in Optum Insight’s data analytics and software services, technology-based services, medical research, and revenue cycle management services to bolster Optum’s Virtualization Security portfolio.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Virtualization Security Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Virtualization Security Market in terms of Component (Solution and Services), Deployment (On-Premise and Cloud), By Organization Size (SMEs, Large Enterprises), and End Use (Services and Enterprises), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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About ICTDivision at Future Market Insights
Future Market Insights’ highly educated Information Technology and networking team provides insightful research, real-time insights, and effective suggestions to customers all over the world with their relevant business intelligence requirements.
For over a decade, the team successfully examined the ICT business throughout 50+ nations, with a repertory of over thousand studies and 1 million-plus data points. The group offers unrivalled end-to-end research and advisory expertise. Please contact us to see how we can assist you.
Market Segments Covered in Virtualization Security Market Analysis
By Component:
- Solutions
- Services
By Deployment:
- On-Premises
- Cloud
By Organization Size:
- SMEs
- Large Enterprises
By End- Use:
- Service Providers
- Enterprises
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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