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Data Center Logical Security Market Projected to Gain Significant Value through 2021-2031 | TMR Study
Data Center Logical Security
Data center logical security is the solution that provides protection to the system in data centers. Data center logical security includes authentication, user identification, access rights, and password access.
High rate of adoption of data servers in the BFSI sector and rising infrastructure development in the telecom sector are driving the global data center logical security market
Increasing deployment of cloud technologies in various industries including BFSI, telecom, government, and healthcare is also boosting the data center logical security market
The global data center logical security market is projected to expand at a rapid pace during the forecast period, due to a rise in the number of data centers along with an increase in the number of cyber threats across the world
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Global Data Center Logical Security Market: Dynamics
Global Data Center Logical Security Market: Key Drivers
An increase in the adoption of cloud computing, a growing concern about curail data, and rising adoption of advanced security solutions are key factors driving the global data center logical security market
Rising data security concerns coupled with rising government initiatives for data privacy and security also propel the global data center logical security market
Moreover, the ability of the data center logical security solution to protect delicate data from unauthorized users and safeguard against security breaches is also projected to augment the global data center logical security market during the forecast period.
However, low awareness about its benefits and availability of low-cost substitutes are likely to restrain the data center logical security market considerably
Introduction of advanced data center logical security solutions is expected to offer lucrative growth opportunities for market players of the data center logical security market in the next few years.
Impact of COVID-19 on the Global Data Center Logical Security Market
Increase in number of cases of COVID-19 across the globe is resulting in an economic slowdown. Hence, demand for digital and advanced technology solutions is increasing across all industries around the globe and consequently, the demand for data and storage increases during this pandemic. This, in turn, is significantly fueling the demand for data center logical security. This is projected to boost the data center logical security market in the next few years.
North America to Hold Major Share of Global Data Center Logical Security Market
In terms of region, the global data center logical security market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
North America dominated the global data center logical security market. The presence of developed economies, such as the U.S. and Canada to witness the highest growth for the data center logical security due to the growing government initiative for data security and privacy and rapid rise in numbers of cloud and colocation services in the region.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to growing digitalization, infrastructure developments, and increasing data traffic from major economies, such as India and China, in the region.
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