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Data Center Security to Reach $17.84B


December 29, 2016

The global data center security market is poised to grow to $17.84 billion by 2022, according to Stratigistics MRC. That would represent compound annual growth of 13.4 percent from its position at $7.38 billion last year, the firm says.

The rise in global cyber attacks, the increase in data traffic, and the spread of cloud computing and virtualization are among the major drivers of this growth, Stratigistics MRC indicates. Uptake of these data center security solutions, Stratigistics MRC adds, is expected to be particularly pronounced in the banking, financial services, and insurance segment between now and 2022.

Security solutions providers such as Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., Dell Inc., EMC Corp., Fortinet Inc., Hewlett Packard Enterprise Co., Honeywell International Inc., International Business Machines Corp., Juniper Networks Inc., Mcafee Inc. (a subsidiary of Intel Corp.), Robert Bosch GmbH, Schneider Electric SE, Symantec Corp., and Trend Micro Inc. will be among those that should benefit by the growing implementation of data center security solutions, notes Stratigistics MRC. Those with logical security solutions are particularly well positioned, the research firm indicates, as

that’s the segment that dominates the market with the largest share.

Speaking of security, cybercrime is among the top trends that CIOs must understand and act on, according to Vodafone in its 2017 CIO trends list.

“Cybercrime will continue to be a top concern for the 2017 CIO and other business leaders,” Vodafone notes. “As more business processes become fully digital and the growth of smartphone devices in the workforce continues, malicious attacks gain more potential entry points into an organization. The threat is now too large not to be a crucial component of any strategy and will be at the forefront for IT decision makers in the coming year.”

                  Image via Bigstock

Meanwhile, Santiago Bouzas, product marketing strategist at Openwave Mobility, in his 2017 predictions comments that 50 to 60 percent of operator networks have gone dark because OTT encryption is increasing.

“As a result, carriers have zero visibility into the data travelling on their networks and are unable to manage subscriber QoE,” he adds. “And it is about to get worse. Apple will launch its App Transport Security mandate on 1 January 2017. Google is forcing encryption on developers for sign-in pages. Online ads are also being encrypted. In fact, 80 percent of the data travelling on mobile networks will be encrypted in 2017. Unless operators take proactive steps now, be ready for more dark networks and QoE headaches.”




Edited by Maurice Nagle

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