The global virtualization security market value was $1.58 billion in 2020. The global virtualization market is forecast to grow at a compound annual growth rate (CAGR) of 14.2% during the forecast period from 2021-2027.
The virtualization security field refers to security solutions based on software for virtualized IT environments. A virtualization security solution aims to emulate the functions of traditional hardware-based solutions by deploying them as software. Moreover, virtualized security software is flexible, dynamic, and readily and easily deployed anywhere in a network due to its cloud-based nature. Furthermore, virtualized security offers a secure infrastructure for hybrid and multi-cloud environments in which data and information flow across a complex ecosystem involving multiple vendors.
One of the primary advantages of virtualization security technology is that it can operate as a hosted service on a virtual machine. Also, virtualization security systems developed by an enterprise must meet the standards set by government agencies and the federal government.
Factors Affecting the Global Virtualization Security Market
Covid-19 Impact on the Global Virtualization Security Market
Due to the high demand for artificial intelligence and machine learning-powered solutions, Covid-19 is driving the growth of virtualization security. According to estimates, the market will experience relatively high growth by the end of 2021. While during the global lockdown, a shortage of skilled labor led to several obstacles for the virtualization security market. In addition, enterprises across the globe will likely increase their use of multi-cloud computing and hybrid cloud computing solutions throughout the forecast period.
Regional Analysis of the Global Virtualization Security Market
North America dominated the virtualization security market in 2020 and will maintain its dominance over the forecast period. Several factors have contributed to this, including the penetration of new industries and economic growth. Further, the presence of an increasing number of cloud-based virtualization security solution vendors across North America and Europe is forecast to provide the virtualization security market with lucrative opportunities.
Although revenue will grow significantly in the Asia-Pacific region during the forecast period due to the widening use of virtualization security solutions throughout developing nations like China, India, and Singapore. The country is experiencing a surge in investments in artificial intelligence and machine learning technology, which will provide lucrative opportunities for security system manufacturers in the near future.
Key Players in the Global Virtualization Security Market
The leading players in the global virtualization security market are:
Aim of the Global Virtualization Security Market Report
The global virtualization security market segmentation focuses on Type, Deployment Model, Organizational Size, Industrial Vertical, and Region.
Segmentation based on Type
Segmentation based on Deployment Model
Segmentation based on Organizational Size
Segmentation based on Industrial Vertical
Segmentation based on Region
