Virtualization Security Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

Virtualization Security Market size is projected to experience a healthy growth during 2023 to 2032, on account of the paradigm shift from in-office to remote operations, especially in wake of the COVID-19 pandemic. This rise in remote working has accelerated desktop virtualization trends to improve the flexibility and security of both remote and office workforce. Likewise, the burgeoning adoption of 5G and cloud computing technologies will proliferate the requirement for virtualization security tools.
 

In January 2022, the European Commission, for example, provided over USD 274.5 million in funding to boost the connectivity of 5G and Gigabit networks and contribute to digital transformation in the EU. Since 5G can revolutionize communication, virtual businesses will gain momentum and consequently bolster the demand for virtualization-based security systems. Security virtualization refers to software-based solutions designed to work within the virtualized IT environment. In contrast to hardware security, it is flexible and dynamic and can be deployed anywhere, especially in a cloud-based network.
 

One of the major factors driving the expansion of the global virtualization security market is the growing burden of cyber threats. Based on study data from Positive Technologies, in 93% of cyber-attacks on financial organizations, IT companies, and other sectors, external attackers can break their network perimeter and access local network resources. In addition, the mounting acceptance of zero-trust security frameworks will augment the adoption of virtualization security in cloud computing and other digital platforms.
 

Based on the deployment model, the cloud segment is set to account for a considerable industry share by 2032, given the rapid IT growth and the rising popularity of cloud computing technologies. Prior to the onset of the coronavirus pandemic, enterprises relied heavily on hardware technologies and there was a sluggish shift toward cloud networks. The burgeoning demand for cloud computing among enterprises to ensure cost savings following the outbreak will stimulate the use of virtualized security tools.
 

The virtualization security market value from the large enterprises segment will increase substantially during the forecast period, as a result of the acceleration of ransomware attacks. For example, in February 2022, a large chipmaker, Nvidia, suffered a cyber breach, where threat actors stole employee credentials and proprietary product data and started leaking them online. With the strong focus of bigger companies on disaster recovery services to address such events, the adoption of virtualization security solutions will surge to enhance operational flexibility.
 

On the regional front, the Europe virtualization security market size will see massive growth through 2032, due to the rising emphasis on digitalization. For instance, in December 2022, European Commission Presidents, the European Parliament, and the Council inked the European Declaration. This Declaration highlighted the commitment to a safe, secure, and sustainable digital transformation. Moreover, the increasing deployment of 5G technologies will boost the requirement for virtualization security systems across digital platforms in the region.
 

Prominent participants operating across the virtualization security market include NetIQ (Micro Focus, The Attachmate Group), Apani Networks, VMware (Dell Technologies), Shavlik (Ivanti), LogLogic (TIBCO Software), Trend Micro, McAfee, Centrify (Delinea), Stonesoft (Forcepoint), Configuresoft (Dell EMC), Red Cannon, Altor, Lancope (Cisco Systems), Catbird (BC Partners and Medina Capital), Check Point Software Technologies, Tripwire (HelpSystems), and Reflex Systems (StrataCloud). Strategic product launches, acquisitions, collaborations, and business expansions are some of the key strategies being adopted by these companies to reinforce their presence in the market.
 

Geopolitical tensions including Russia’s invasion of Ukraine have resulted in the proliferation of cyber threats from state-sponsored groups and other criminals, turning cyberspace into the domain of warfare. Based on the annual cyber threat report from the Australian Cyber Security Center, the agency witnessed 76,000 cybercrime reports in the fiscal year 2021-2022, a hike of 13% from the previous period. The growing threat from cyber criminals will thus amplify the requirement for effective security solutions and consequently fuel the virtualization security market outlook.
 

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