Overview and Scope
Virtualization security is the process of taking collective measures, procedures, and actions to protect the virtualization infrastructure, by transferring security functions from specialized hardware appliances to software that is easily transferable across common hardware or used in the cloud. Virtualization refers to running numerous virtual instances of a device on a single real hardware resource. It addresses the security issues faced by various components of a virtualization system.
Sizing and Forecast
The virtualization security market size has grown rapidly in recent years. It will grow from $2.75 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 18.0%. The growth in the historic period can be attributed to cost efficiency and resource optimization, increased frequency of cyber threats, critical infrastructure virtualization, virtual desktop infrastructure (vdi) adoption, awareness of virtualization security risks, growth of software as a service (saas)..
The virtualization security market size is expected to see rapid growth in the next few years. It will grow to $6.6 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to integration of containerization, focus on zero trust security models, continuous evolution of cyber threats, quantum computing threat landscape, global connectivity and interconnected systems, enhanced integration with security orchestration, enhanced user authentication and access controls.. Major trends in the forecast period include cloud-based virtualization, micro-segmentation for network security, endpoint security integration, multi-tenancy security, integration with security information and event management, automation and orchestration..
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Segmentation & Regional Insights
The virtualization security market covered in this report is segmented –
1) By Type: Solution, Service
2) By Deployment Model: On-Premise , Cloud
3) By Organisational Size: Small And Medium Enterprises, Large Enterprises
4) By Industry: BFSI, Government And Defense, IT And Telecommunication, Healthcare And Life Sciences, Retail, Manufacturing, Education, Other Industries
North America was the largest region in the virtualization security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualization security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising incidence of cyberattacks is driving the virtualization security market forward. A cyber attack is an attempt to illegally access a computer system or a computer network to cause damage. Attackers constantly target virtualization systems for malicious activities, increasing the need to secure the system. Virtualization security services can fulfill this need. For instance, according to the cybersecurity threatscape report by Positive Technologies, a Russia-based cybersecurity company, the number of cyberattacks increased by 17% in Q1 of 2021 as compared to Q1 of 2020, and it increased by 1.2% as compared to Q4 2020. As a result, the increasing number of cyber attacks is driving the virtualization security market forward.
Key Industry Players
Major companies operating in the virtualization security market report are GE Healthcare, Infosys Limited, TeleTracking Technologies Inc., McKesson Corporation, Alcidion Corporation, Koninklijke Philips N.V., Epic Systems Corporation, NextGen Healthcare Inc., Stanley Healthcare Solutions Inc., Care Logistic Inc., INFINITT Healthcare Co. Ltd., WellSky Corporation, Simul8 Corporation, Change Healthcare Inc., HealthStream Inc., VMware AppDefense, Kaspersky Hybrid Cloud Security, Trellix MOVE AntiVirus, Trend Micro Cloud One Workload Security, Morphisec Inc., VMware NSX, The Aqua Platform, International Business Machines Corporation (IBM), Cybereason Ltd., Juniper Networks Inc., Akamai Technologies Inc., SentinelOne Inc., Arctic Wolf Networks Inc., Snyk Ltd., Lacework Inc., Cynet Systems Ltd., Palo Alto Networks Inc., CrowdStrike Holdings Inc., Deepwatch Inc., Ping Identity Corporation
The virtualization security market report table of contents includes:
1. Executive Summary
2. Virtualization Security Market Characteristics
3. Virtualization Security Market Trends And Strategies
4. Virtualization Security Market – Macro Economic Scenario
5. Global Virtualization Security Market Size and Growth
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31. Global Virtualization Security Market Competitive Benchmarking
32. Global Virtualization Security Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Virtualization Security Market
34. Virtualization Security Market Future Outlook and Potential Analysis
35. Appendix
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