Global Virtualization Security market trends 2024, Forecast To 2033
4 Mar, 2024
The virtualization security market has seen rapid growth, rising from$2.75 billion in 2023 to$3.24 billion in 2024, with a compound annual growth rate (CAGR) of 18.0%. This growth in the historic period is 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, and the growth of software as a service (SaaS). Looking ahead, the market is expected to witness rapid growth, reaching$6.6 billion in 2028, with a CAGR of 19.4%. Factors driving this growth include integration of containerization, focus on zero trust security models, continuous evolution of cyber threats, the quantum computing threat landscape, global connectivity and interconnected systems, enhanced integration with security orchestration, and 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, and automation and orchestration.
Global Virtualization Security Market Key Driver
The virtualization security market is witnessing robust expansion propelled by the surge in cyberattacks targeting virtualization systems. Cyberattacks pose a grave threat to digital assets and infrastructure, necessitating robust security measures to safeguard against breaches. Virtualization security services play a crucial role in fortifying systems against evolving cyber threats. Reports by Positive Technologies indicate a notable uptick in cyberattacks, underscoring the pressing need for enhanced security measures. Consequently, the escalating incidence of cyberattacks drives the virtualization security market forward.
Get A Free Sample Of The Global Virtualization Security Market ReportGlobal Virtualization Security Market Segments
The global 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
By Geography: The regions covered in the virtualization security market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Virtualization Security Industry Players
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
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Virtualization Security Market Overview
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.
Virtualization Security Global Market Report 2023 provides data on the global virtualization security market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The virtualization security market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.