Virtualization Security Market Expected to Secure Notable Revenue Share during 2020-2030
The Virtualization Security Market: An Overview
The virtualization security market refers to the solutions and services used for protecting virtual environments and infrastructure against security threats and vulnerabilities. Virtualization allows multiple virtual machines (VMs) to run on a single physical server. The global virtualization security market is expected to grow at USD 6.25 Billion by the year 2030 at a CAGR of 14.73%.
Key virtualization security market segments include:
- Solutions - Virtualization security solutions include virtual firewalls, virtual IDS/IPS, virtualization security APIs, virtual patching, configuration and change management tools, VM encryption etc.
- Services - Professional and managed services for securing virtualized environments, including consulting, implementation, vulnerability assessments, compliance audits, ongoing monitoring and management.
- Deployment models - On-premise and cloud-hosted virtualization security solutions. SaaS is a fast growing model.
- End-user verticals – IT, telecom, BFSI, government, healthcare and others.
Leading Vendors in the Virtualization Security Market
VMware - Offers vShield endpoint security products integrated with the VMware vSphere platform. Also provides NSX network virtualization security.
Trend Micro - Leading provider of server security solutions purpose-built for virtualized environments. Flagship offerings include Deep Security and Cloud One.
Cisco - Cisco's adaptive security virtual appliance (ASAv) delivers virtual firewall, IPS, and VPN capabilities. Integrates with Nexus switches.
Juniper Networks - Provides virtual firewalls, malware protection and other capabilities through its vSRX Virtual Firewall and vGW Virtual Gateway security solutions.
Fortinet - Fortinet’s FortiGate-VM integrates with the company’s FortiOS network security operating system to protect VMs.
Key Market Drivers for Virtualization Security
- Rise of cloud computing - Cloud adoption is increasing attack surfaces and requires built-in virtualization security.
- Digital transformation priorities - Virtualization underpins enterprise digital transformation efforts, necessitating security.
- Regulatory compliance - Regulations like PCI DSS, HIPAA demand strong access controls and segmentation for virtualized systems.
- Limited physical security - Virtualization enables anytime, anywhere access to VMs, amplifying insider and external threats.
- Increased business agility - Frequent provisioning and deprovisioning of VMs requires automated security policies and posture management.
Regional Insights
North America leads the global virtualization security market presently. Rapid migration to virtualized data centers and private/public cloud amongst enterprises in the region is a key driver. Europe is the second largest market. Asia Pacific will see high growth aided by VM adoption across emerging economies.
Industry Latest News
- Akamai acquired Guardicore in March 2022 to add micro-segmentation capabilities for workload security.
- VMware completed the acquisition of Octarine in May 2020 to augment Kubernetes security.
- Trend Micro launched Cloud One - Conformity in June 2020, a service that identifies misconfigurations across AWS, Azure, GCP.
- Fortinet unveiled FortiPortal, a centralized management platform to control its virtual security solutions in April 2022.
In summary, the growing scale and complexity of virtual infrastructures in enterprises along with cloud adoption is expected to spur the virtualization security market. The need for visibility, automated control and advanced threat protection across virtual workloads will be key drivers.
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