Global Virtualization Security Market to Surpass $6,986.3 Million by 2028, Owing to the Increasing Requirement for Managing Security Services Within Organizations

Virtualization security, also known as virtualized security is a software-based security solution that is specifically designed to work within a virtualized IT infrastructure. Virtualized security is intended to take functions of the old-style hardware security solutions and thereby deploy the solutions via software. Virtualization security is a cloud-based, dynamic and flexible software that can be deployed anywhere in the network. Additionally, the virtualized security’s flexibility offers a secure infrastructure for multi-cloud and hybrid environments, where data and information migrate around a complex ecosystem that involves various vendors. Further, the growing incorporation of artificial intelligence-based infrastructure in IT & telecommunication, BFSI, and government sectors is acting as a major driver resulting in the prominent growth of the virtualization security market.

COsVID-19 Impact on Virtualization Security Market

The outbreak of COVID-19 across the globe has favorably impacted the global virtualization security market growth. The positive virtualization security market growth is majorly due to the increasing demand for cloud computing technologies, particularly in the healthcare industry in order to analyze patients across the globe during the coronavirus pandemic. This rising demand is mainly because hackers attempt to obtain important information by manipulating the cloud environment defenses and bypassing security layers.

Virtualization security functions as a barrier to protect network perimeter access. Besides, many companies are heavily investing in R&D in order to build cloud-based analytics software to track the spread of COVID-19 virus, which has progressively impacted the virtualization security market. Moreover, the rising demand for artificial intelligence and machine learning powered solutions has driven the global market during the pandemic period.

Virtualization Security Market Trends and Developments

The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global virtualization security market growth in the upcoming years.

For instance, in July 2019, Trend Micro, the global leader in enterprise data security and cybersecurity solutions, expanded the reach of its virtualization security offerings in order to address the full-range of the DevSecOps life cycle. With the latest updates, the Deep Security-as-a-Service solution has the ability to inspect all horizontal and lateral traffic movement between platform layers and virtualizations, such as Docker and Kubernetes.

In February 2020, Sophos, a British security software and hardware company, introduced the XG Firewall v18 along with the all new X-stream architecture. This is helping in delivering extreme new levels of visibility, ensuring good protection, and performance. The XG Firewall v18 is an AI-powered threat intelligence that extends protection against emerging ransomware variants and zero-day threats with multiple best-in-class machine learning models.

Forecast Analysis of Global Market

The global virtualization security market is projected to witness an exponential growth over the forecast period, owing to the rising demand for virtualization security services and solutions among both large and small organizations across the globe. Conversely, the lack of training and IT security knowledge are expected to hamper the market growth in the projected timeframe.

The rapidly increasing adoption of virtual applications by large number of small and medium enterprises (SMEs) and the large corporations along with the growing requirement for managing security services within organizations are the significant factors and virtualization security market trends estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global virtualization security market is expected to garner $6,986.3 million during the forecast period (2021-2028). Regionally, the Asia-Pacific virtualization security market is estimated to observe lucrative growth by 2028, owing to the booming IT infrastructure in Japan and China and Japan and the growing focus of companies on expanding their presence across a variety of industries, such as healthcare, retail, BFSI, and manufacturing.

Key Players in the Global Virtualization Security Market 

1. IBM
2. Fortinet Inc.
3. Cisco Systems, Inc.
4. Citrix Systems, Inc.
5. Trend Micro
6. VMware
7. Sophos Ltd
8. Juniper Networks, Inc.
9. Broadcom Corporation
10. Check Point Software Technologies, Ltd