The Virtualization Security Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Virtualization Security Global Market Report 2024, 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.
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.
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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
Product innovations are the key trends gaining popularity in the virtualization security market. Major companies in the market are launching new technologies such as QEMUCare live patching service for Linux systems that are running as virtualization hosts. For instance, in June 2021, CloudLinux, a US-based Linux distribution company launched a new QEMUCare live patching service for Linux systems that act as virtualization hosts. The new service is based on the company’s TuxCare patching services and it simplifies the patching of the virtualization system which is a hard step faced by IT security and operations teams.
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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26. South America Virtualization Security Market
27. Brazil Virtualization Security Market
28. Middle East Virtualization Security Market
29. Africa Virtualization Security Market
30. Virtualization Security Market Competitive Landscape And Company Profiles
Top Major Players:
- GE Healthcare
- Infosys Limited
- TeleTracking Technologies Inc
- McKesson Corporation
- Alcidion Corporation
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