Virtualization Security Market size will see robust expansion between 2021 and 2027 on account of the prevalence of cyberattacks and the rising influx of zero-trust systems in cloud infrastructures. The incursion of virtualized infrastructure is helping enterprises with benefits, such as enhanced flexibility, operational efficiencies, agility, as well as maximized space in server rooms.
The emergence of 5G networks, rising concerns over ransomware, and the incessant need for digital safety will further contribute towards shaping the industry growth curve.
On the basis of the deployment model, the virtualization security market is segmented across on-premise and cloud. The demand for cloud-based model is anticipated to grow at a substantial pace with increasing adoption across enterprises to offer additional saving along with the efficient use of resources. The rising need to protect virtualized environments while keeping the data secure will additionally add to the industry expansion.
The market size from large enterprises is projected to attain substantial traction between the period of 2021 and 2027. This is mainly ascribing to the potential benefits of virtualization security in enhancing business continuity as well as maximizing operational provisioning, flexibility, and testing. The growing emphasis on management changes and rising support to disaster recovery services in bigger companies is expected to anchor the market dynamics. While the rising demand for improved security will also drive the industry penetration across SMEs.
Regionally, North America is likely to register considerable market demand with the rise in cloud technology investments and the higher penetration of IoT in the region. According to a Forbes report, around 2,748 companies in the U.S. and nearly 140 firms in Canada, mark extensive presence of IoT.
Europe virtualization security market will grow at an exponential rate through 2027 on account of the jump in the number of virtualization security providers. The expanding digital economies across various regions in the continent have also made way for multiple growth opportunities to industry players, in turn supporting the higher incorporation of virtualization security services and solutions. To state an instance, in September 2020, Telefónica Germany/ O2 joined forces with Ericsson and AWS (Amazon Web Services) to virtualize its 5G core networks in a bid to ensure cloud security.
Some of the key participants fostering the virtualization security market share include Reflex Systems (StrataCloud), Tripwire (Belden), Check Point, Catbird (BC Partners and Medina Capital), Lancope (Cisco Systems), Altor, Red Cannon, Configuresoft, Stonesoft (Forcepoint), Centrify, McAfee, Trend Micro, LogLogic, Shavlik (Ivanti), VMware(Dell Technologies), Apani Networks and NetIQ(Micro Focus).
Most of these firms are increasingly turning to major business strategies, like acquisitions, partnerships, investments, and expansions to reinforce their market presence.
For instance, in January 2021, Entrust acquired HyTrust, Inc. for an undisclosed deal in order to accelerate compliance and security solutions for hybrid, on-premise, virtualized, and multi-cloud environments.
Likewise, in June 2020, IBM bought Spanugo, California-based cloud cybersecurity and posture management solution provider. The acquisition is likely to assist financial service institutions to meet regulatory compliance while ensuring required security and resiliency.
The COVID-19 outbreak not only posed an unrivaled challenge on the global economy and health sector but also gave way to massive roadblocks across multiple industries. The varying levels of stringent government-imposed lockdown policies brought trade barriers, shuttered manufacturing activities, and tremendously disrupted supply chains.
But with the regulation of work from home policies as a COVID-19 response, virtualization security is gaining prominence across corporations through cyber and physical security programs to render training to employees in a manageable and socially distanced format. The rising concerns over security necessities have also led companies to rethink and come up with newer approaches. The surging demand for virtual security assessments to get a better understanding of client businesses will also influence the virtualization security market outlook in the years to come.