The North America Virtualization Security Market would witness market growth of 14.5% CAGR during the forecast period (2023-2030).
Virtualization security refers to the measures and solutions to protect virtualized environments, including virtual machines (VMs), hypervisors, and the underlying infrastructure, from security threats and vulnerabilities. Virtualized environments introduce unique security challenges. Attackers can potentially exploit vulnerabilities in hypervisors, misconfigurations, and the dynamic nature of virtualization. Therefore, specialized security solutions were developed to address these challenges.
These solutions include antivirus and antimalware software specifically designed for virtualized environments, intrusion detection and prevention systems (IDPS), virtual firewalls, and security information and event management (SIEM) systems tailored for virtualization. The critical component that manages and controls VMs is essential to protect the hypervisor. Hypervisor security solutions focus on securing the hypervisor layer and preventing unauthorized access.
Ransomware attacks have surged in the U.S., affecting businesses of all sizes, healthcare institutions, and government agencies. These attacks involve encrypting critical data and demanding ransom payments for decryption keys. The Colonial Pipeline ransomware attack in 2021 highlighted the potential impact on critical infrastructure. Likewise, the U.S. has witnessed supply chain attacks targeting software vendors and service providers. These attacks can compromise widely used software, potentially affecting many organizations. The SolarWinds breach is a notable example of a supply chain attack. These factors will boost the demand in the North America region.
The US market dominated the North America Virtualization Security Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,653.1 Million by 2030. The Canada market is experiencing a CAGR of 17.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 16.1% during (2023 - 2030).
Based on Vertical, the market is segmented into BFSI, Retail & eCommerce, IT & Telecom, Government & Defense, Healthcare & Lifesciences, Manufacturing, Education, and Others. Based on Organization Size, the market is segmented into Large Enterprises, Small & Medium Enterprises. Based on Type, the market is segmented into Solution (Anti-malware/Anti-virus, Application Security Tools, Data Centers/Servers Security Tools), and Services. Based on Deployment Type, the market is segmented into On-Premises, and Cloud. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Virtualization Security Market is Predict to reach $6.1 Billion by 2030, at a CAGR of 15.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include IBM Corporation, Trend Micro Inc., Juniper Networks, Inc., Dell EMC (Dell Technologies, Inc.), Intel Corporation, Microsoft Corporation, Fortinet, Inc., Broadcom, Inc., Sophos Group PLC (Thoma Bravo) and McAfee Corp.
By Vertical
By Organization Size
By Type
By Deployment Type
By Country
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