- The key vendors in the global data center physical security market 2015-2019 are Bosch Security Systems, Cisco Systems Inc., Honeywell Security Group, Schneider Electric, Siemens AG, and Tyco International Ltd.
London, 28 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global data center physical security market 2015-2019. Remote monitoring of facilities through cloud-based security management is a major trend that is observed in this market. Many data centers are now equipped with remote management software that offers 24/7 control without the need for on-site monitoring. This software is available as a cloud-based solution and offers features such as playback to recheck the recording. The global data center physical security market is expected to grow at a CAGR of 13.47% during the forecast period of 2014-2019.
Source: Technavio Research
Market growth is fuelled by the growing concerns over security among end-users and investment made by data center owners. Several data center owners are investing more in data center security due to increasing instances of thefts and break-ins. Income generated from the construction of new data centers coupled with renovation activities forms a major share of the total physical security market revenue.
“Rack-level security is one of the new security measures developed by the data center operators, where every rack is protected by video surveillance and biometrics,” says Faisal Ghaus, Vice President of Technavio Research.
“With the importance of information storage increasing across industry verticals, data center operators are spending more on safeguarding the sensitive information.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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