Market Trends of Data Center Security Industry
This section covers the major market trends shaping the Data Center Security Market according to our research experts:
Rise in Cyber Threats is Causing the Data Center Security Market to Grow
- According to a recent cyber security firm Cyble Research Labs analysis, over 20,000 web instances of various data center management and monitoring products, ranging from intelligent monitoring software to thermal cooling management control systems, are accessible to online hackers. The cybersecurity report discovered accessible instances of data center infrastructure management (DCIM) and monitoring services provided by APC by Schneider Electric, Device42, Sunbird, and Vertiv. Applications still frequently use default passwords for security, which is the cause of many of these cybersecurity incidents.
- The most frequently targeted systems today are the open, vulnerable ones unprotected and exposed to the internet. According to research conducted by The Institution of Electronics and Telecommunication Engineers (IETE), CyberPeace Foundation (CPF), and Autobot Infosec Private Limited, there have been close to 51 million attack events recorded between April and December 2021 on the Data Centers Network-based Threat Intelligence sensors network specifically simulated in India.
- DDoS assaults, also known as distributed denial of service attacks, have been employed by online criminals and hackers for years. When a server is the target of a DDoS attack, a massive volume of traffic is sent there to consume all available bandwidth and prevent legitimate users from accessing the service.
- In the last ten years, several significant DDoS assaults have occurred on both large and small businesses, including Google, Amazon Web Services, OVH, and GitHub. In 2020 alone, there will be more than 10 million DDoS attacks, according to Cisco's analysis. According to the same report, the future is expected to see a marked increase in DDoS cyberattacks. According to Cisco's prediction, there will be a 100% rise in DDoS attacks by 2023, reaching over 15.4 million.
- For all the data centers, cyber-attacks remain a significant problem. Organizations can better protect themselves from such attacks by using various cyber security solutions and developing a coordinated security strategy. This is the sole primary driver of the Data Center Security Market's expansion.
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Asia Pacific is Estimated to Grow the Fastest among all Regions
- Over the past few years, the market for data centers has grown significantly, not just in the four major Asian Pacific countries but also in terms of total data center real estate capacity. Tokyo (Japan), Singapore, Sydney (Australia), and Hong Kong Special Administrative Region are the leading Tier 1 markets for data centers in the Asia Pacific region. Due to its rapidly expanding economy and high need for data, India has a significant potential to become a data center (DC) hub for the Asia Pacific and the entire world.
- MNCs, such as Google, Amazon, Microsoft, and Equinix, are all making the Asia Pacific a favorite destination for the location of their data centers.
- More brands and businesses are expanding their market to the Asia-Pacific region. Hence, there is a need for data center providers in this region. The key segments that make Southeast Asia such an attractive market for data center relocation currently are IT infrastructure, server market, and uninterruptible power supplies (UPSs).
- In March 2022 - In Hyderabad, CTRL constructed a brand-new data center facility with an 18 MW power capacity. In addition, the corporation plans to build a 500-acre solar facility and 500 edge data centers in Tier 2 and Tier 3 cities around the nation to run its operations on renewable energy.
- As the Data Center market flourishes in the region, the demand for Data Center Security will also grow similarly. As already, the region is facing a lot of cyber attacks. The Asia Pacific is the third-most frequently affected region worldwide by ransomware, according to cybersecurity company Group-IB. Ransomware Uncovered 2021/2022, the second annual guide to the evolution of the top threat, has been released by Group-IB. The second edition of the report's findings shows that the ransomware industry continued to prosper, with the average ransom demand increasing by 45% to reach USD 247,000 in 2021.
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