A new report from Future Market Insights has revealed that the virtualization security market is expected to reach a valuation of US$7.6 billion.
Market revenue was estimated at US$1.7 billion in 2021, and research shows that this figure is expected to increase at a CAGR of 14.1% from 2022 to 2032.
Future Market Insights notes that companies are trying to modify their operations in competitive business environments to ensure they are making the most of their digital capabilities.
It also states that the increase in the number of companies migrating to virtual infrastructure is one of the major factors driving this market growth.
Research also reveals that virtualization has a strong influence on IT and networking domains in a short period of time, significantly reducing costs and returns on investment in data centers.
Additionally, security systems are gaining popularity due to their ability to generate high-quality monitoring with little distortion and distortion-free observation.
According to Future Market Insights, a few factors will contribute to the development of the market.
First, product producers are increasingly emphasizing the use of new and advanced technologies, especially in emerging economies.
Second, identity theft is becoming increasingly prevalent in developing countries like India and China, resulting in a strong focus on strengthening the IT industry.
Additionally, Future Market Insights recognizes the security and integration challenges that arise when organizations migrate to the virtual environment to upgrade their legacy infrastructures; challenges that can impact system and server performance as well as expense.
Additionally, when software applications are migrated to the wrong virtual environment, it results in poorer performance if the environment is under-equipped or increased business expense if the environment is over-equipped.
Major players in the global virtualization security market include Oracle, Ericsson Networks, Dell, Juniper Networks, Altor Networks, Red Hat, Symantec, Trend Micro, Fortinet, Sophos, Hewlett-Packard, and Citrix Systems.
In February 2020, Sophos, a developer of next-generation cybersecurity solutions, announced a new Xstream architecture for the Sophos XG firewall that provides high-performance TLS traffic decryption capabilities.
Additionally, in January 2021, Optum and Change Healthcare, a healthcare technology provider, announced a partnership.
Under the alliance, Change Healthcare would participate in data analytics and software services, technology services, medical research and revenue cycle management services from Optum Insight to strengthen the virtualization security portfolio. from Optum.
Future Market Insights offers valuable research, real-time insights, and actionable recommendations to clients around the world through its IT and networking team.
This information specifically addresses a company’s business intelligence needs.