Report Ocean conducted research on the global Virtualization Security market, some important discoveries were made. First, the market is expanding steadily, and over the coming years, demand is expected to rise. Second, there is a lot of market competition, yet only a few major businesses control the sector. Last but not least, there are numerous chances for market innovation and improvement, notably in terms of product offerings and marketing tactics.
The global virtualization security market value was $1.58 billion in 2020. The global virtualization market is forecast to grow at a compound annual growth rate (CAGR) of 14.2% during the forecast period from 2021-2027.
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The virtualization security field refers to security solutions based on software for virtualized IT environments. A virtualization security solution aims to emulate the functions of traditional hardware-based solutions by deploying them as software. Moreover, virtualized security software is flexible, dynamic, and readily and easily deployed anywhere in a network due to its cloud-based nature. Furthermore, virtualized security offers a secure infrastructure for hybrid and multi-cloud environments in which data and information flow across a complex ecosystem involving multiple vendors.
One of the primary advantages of virtualization security technology is that it can operate as a hosted service on a virtual machine. Also, virtualization security systems developed by an enterprise must meet the standards set by government agencies and the federal government.
Factors Affecting the Global Virtualization Security Market
The rise in incorporation of artificial intelligence-based infrastructure in BFSI, IT & telecommunication, and government sectors in acting as a prime driver result in the growing demand for the virtualization security market.
A rise in the number of cyberattacks is forecast to drive the virtualization security market during the forecast period.
This market is growing thanks to the widespread adoption of virtual applications across enterprise markets. In addition, bringing the device trends and Internet of Things trends are anticipated to drive the market.
Market growth stifles by the lack of awareness and expertise in virtualization security.
During the forecast period, the rise in government regulations will provide lucrative opportunities for the growth of the virtualization security market.
Covid-19 Impact on the Global Virtualization Security Market
Due to the high demand for artificial intelligence and machine learning-powered solutions, Covid-19 is driving the growth of virtualization security. According to estimates, the market will experience relatively high growth by the end of 2021. While during the global lockdown, a shortage of skilled labor led to several obstacles for the virtualization security market. In addition, enterprises across the globe will likely increase their use of multi-cloud computing and hybrid cloud computing solutions throughout the forecast period.
Regional Analysis of the Global Virtualization Security Market
North America dominated the virtualization security market in 2020 and will maintain its dominance over the forecast period. Several factors have contributed to this, including the penetration of new industries and economic growth. Further, the presence of an increasing number of cloud-based virtualization security solution vendors across North America and Europe is forecast to provide the virtualization security market with lucrative opportunities.
Although revenue will grow significantly in the Asia-Pacific region during the forecast period due to the widening use of virtualization security solutions throughout developing nations like China, India, and Singapore. The country is experiencing a surge in investments in artificial intelligence and machine learning technology, which will provide lucrative opportunities for security system manufacturers in the near future.
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According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.
This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).
Key Players in the Global Virtualization Security Market
The leading players in the global virtualization security market are:
Microsoft Corporation
IBM Corporation
Dell EMC
McAfee, LLC
Juniper Networks, Inc.
Intel Corporation
Trend Micro Incorporated
VMware, Inc.
Broadcom, Inc.
Sophos Ltd.
Others
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Aim of the Global Virtualization Security Market Report
The global virtualization security market segmentation focuses on Type, Deployment Model, Organizational Size, Industrial Vertical, and Region.
Segmentation based on Type
Solution
Anti-malware/Anti-virus
Application Security Tools
Data Centers/Servers Security Tools
Service
Segmentation based on Deployment Model
On-Premise
Cloud
Segmentation based on Organizational Size
Small & Medium Enterprises
Large Enterprises
Segmentation based on Industrial Vertical
BFSI
Government & Defense
IT & Telecommunication
Healthcare & Life Sciences
Retail
Manufacturing
Education
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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