According to a new report, published by KBV research, The Global Virtualization Security Market size is expected to reach $6.1 billion by 2030, rising at a market growth of 15.2% CAGR during the forecast period.
The BFSI market dominated the Global Virtualization Security Market by Vertical in 2022; thereby, achieving a market value of $1.4 billion by 2030. The BFSI sector has undergone a massive digital transformation to meet customer demands for online banking, mobile applications, and digital payment solutions. This transition has led to the increased adoption of virtualization technologies, such as virtual machines (VMs) and containers, to improve agility and scalability. As a result, virtualization security became essential to safeguard sensitive financial data in these virtualized environments.
The Small & Medium Enterprises segment is anticipated to grow at a CAGR of 17.2% during (2023 - 2030). Small organizations have increasingly recognized the importance of securing their virtualized environments by leveraging virtualization technologies to enhance operational efficiency and cost-effectiveness. Virtualization allows small businesses to optimize resource utilization, streamline IT operations, and scale their infrastructure as needed. Many medium-sized enterprises adopt cloud-based virtualization solutions. Cloud security, including cloud-native security tools and practices, is vital to protect virtualized workloads in the cloud.
The Solution segment is leading the Global Virtualization Security Market by Type in 2022; thereby, achieving a market value of $4.1 billion by 2030. This dominance is attributed to several key factors. As organizations increasingly adopt virtualization technologies to optimize resource utilization, enhance flexibility, and reduce operational costs, the need for robust security solutions specifically designed for virtualized environments has surged. This has led to a growing demand for a comprehensive suite of security solutions, driving significant revenue to the solution segment.
The Cloud segment is registering a CAGR of 16.9% during (2023 - 2030). The broader adoption of cloud computing services, including Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), has led to a natural expansion of the virtualization security market into the cloud. As more workloads and data move to the cloud, there's an increased need for security solutions that can protect virtualized resources in these environments. Therefore, all these factors will help expand the cloud segment in the upcoming years.
The North America region dominated the Global Virtualization Security Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,307.1 Million by 2030. The Europe region is poised to grow at a CAGR of 15% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 16% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/virtualization-security-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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By Organization Size
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By Geography
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