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(I-SoftwareNews.Com, May 18, 2018 ) The data center security market is expected to grow from USD 6.32 Billion in 2016 to USD 12.91 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 15.36%. For the purpose of report, 2015 has been considered as the historical year and 2016 as the base year for performing market estimation and forecasting.
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The growing data center security threats and increased data traffic over the networks have paved way for adoption of data center security solutions by various organizations. Data center security includes solutions for access control, compliance, data protection, and security consulting services. Data center security is undergoing technological advancements and is experiencing significant adoption. Hence, it is expected to experience an exponential growth in the coming years. The market is broadly segmented by application solution, service, data center type, industry vertical, and region. The global market is segmented across five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
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The research methodology used to estimate the market size includes the following details: the key players in the market were identified through secondary research and their market shares in respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined by using secondary sources and verified through primary sources. Top-down and bottom-up approaches were used to estimate and validate the size of the global market and to estimate the size of various other dependent submarkets in the overall data center security market. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
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