The global virtualization security market size was valued at $1.62 billion in 2020, and is projected to reach $6.29 billion by 2030, registering a CAGR of 14.6% from 2021 to 2030.
Virtualization security is a software-based security solution designed to work within a virtualized IT infrastructure. Virtualization security is intended to take functions of traditional hardware security solutions and deploy the solutions via software. Further, virtualized security is flexible and dynamic software that is often cloud-based and can be deployed anywhere in the network. Moreover, the flexibility of virtualized security offers a secure infrastructure for hybrid and multi-cloud environments, where information and data migrate around a complex ecosystem involving various vendors. In addition, the rise in incorporation of artificial intelligence-based infrastructure in BFSI, IT & telecommunication, and government sectors in acting as a prime driver result in the growing demand for the virtualization security market.
The primary advantage of virtualization security technology is that virtualized security applications can be implemented as an application onto a hosted service on a virtual machine. Further, the virtualization security system infrastructure deployed in an enterprise is designed according to the standards set by the government and federal agencies globally.
The virtualization security market is expected to witness notable growth during the forecast period, owing to rise in concerns related to cyberattacks. Furthermore, increase in adoption of virtual applications across prime enterprises has driven the growth of the market. Moreover, increasing adoption of bring your own device and Internet of Things trends are expected to propel market growth.
However, lack of awareness of virtualization security and skilled professional is restraining the market growth. On the contrary, rise in government regulations is expected to provide lucrative opportunities for the growth of the virtualization security market during the forecast period.
Emergence of COVID-19 acts as a major driver for growth of virtualization security, owing to rise in demand for artificial intelligence and machine learning powered solutions, which drives demand for virtualization security market. The market is estimated to witness relatively high growth by the end of 2021. However, the global virtualization security market was primarily hit by several obstacles due to lack of availability of skilled workforce during the global lockdown. Moreover, surge in demand for hybrid and multi-cloud computing solution across prime enterprises globally is expected to drive the market growth during the forecast period.
By deployment model, the on-premise segment garnered the largest virtualization security share and is expected to maintain its dominance in the upcoming years as on-premise software is considered widely useful in large enterprises as software can be implemented on IT infrastructure of a company itself and it provides more security as compared to cloud. However, the cloud segment is expected to witness highest growth, owing to a paradigm shift in deployment methods from on-premise to cloud-based models. This is the major factor that propels adoption of cloud-based virtualization security among SMEs and some large-scale organizations. In addition, leading market vendors of virtualization security have introduced strategies to help enterprises move their on-premise virtualization security to cloud-based models, which further fuels the growth of the segment.
By Component
Solutions segment accounted for the highest market share in 2020
Region wise, the virtualization security was dominated by North America in 2020, and is expected to retain its position during the forecast period. This is attributed to number of factors such as penetration of new industries and improvement in economy. In addition, presence of growing number of cloud-based virtualization security solution vendors across the U.S. and Canada is expected to provide lucrative opportunities for the virtualization security market. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to wide presence of small-and medium-scale enterprises, which are turning toward hosted virtualization security solutions to efficiently manage their business processes, particularly in developing countries such as China, India, and Singapore. Major organizations and government institutions in the country are intensely putting resources into the technology to develop next generation artificial intelligence and machine learning solution, which is anticipated to offer remunerative opportunities for the manufacturers of virtualization security technology across the region.
By Enterprise Size
Automated Annotation segment is projected as one of the most lucrative segments.
The global virtualization security market is segmented into type, organizational size, deployment model and industry vertical. On the basis of type, the market is bifurcated into solution and service. The organization size covered in the study includes small & medium enterprises and large enterprises. As per deployment model the, market is bifurcated into on-premise and cloud. By industry vertical, the market is categorized into BFSI, government & defense, IT & telecommunication, healthcare & life sciences, retail, manufacturing, education, and others.
By Region
Asia-Pacific would exhibit the highest CAGR of 16.5% during 2021-2030
Top Impacting Factors
Significant factors that impact the growth of the global virtualization security industry include surge in adoption of virtual application across prime enterprises paired with rise in concerns related to cybersecurity solution. However, lack of awareness related to virtualization security and skilled professional is acting as a prime barrier for early adoption, which hampers the growth of the market. On the contrary, rise in adoption of bring your own device and Internet of Things trends coupled with surge in government regulations to implement virtualization security are expected to offer potential growth opportunity for the virtualization security market during the forecast period.
Competition Analysis
The key players operating in the market include Trend Micro Incorporated, IBM Corporation, Juniper Networks, Inc., Dell EMC, Intel Corporation, Microsoft Corporation, VMware, Inc., Broadcom, Inc., Sophos Ltd and McAfee, LLC.
Key Benefits For Stakeholders
This study comprises analytical depiction of the virtualization security market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall virtualization security market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current virtualization security market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
The report includes the market share of key vendors and virtualization security market trends.
Key Market Segments
By Type
- Solution
- Anti-malware/Anti-virus
- Application Security Tools
- Data Centers/Servers Security Tools
- Service
By Organisational Size
- Small & Medium Enterprises
- Large Enterprises
By Deployment Model
- On-Premise
- Cloud
By Industry Vertical
- BFSI
- Government & Defense
- IT & Telecommunication
- Healthcare & Life Sciences
- Retail
- Manufacturing
- Education
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- Trend Micro Incorporated
- IBM Corporation
- Juniper Networks, Inc.
- Dell EMC
- Intel Corporation
- Microsoft Corporation
- VMware, Inc.
- Broadcom, Inc.
- Sophos Ltd.
- McAfee, LLC
Virtualization Security Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Organisational Size |
|
 By Deployment Model |
|
 By Industry Vertical |
|
 By Region |
|
 Key Market Players | VMware, Inc., Intel Corporation, Dell EMC, Sophos Ltd., IBM Corporation, McAfee, LLC, Juniper Networks, Inc., Broadcom, Inc., Trend Micro Incorporated, Microsoft Corporation |
Analyst Review
Virtualization security technology has gained high traction in recent years, owing to the rise in the adoption of cloud computing solutions globally. Virtualized security offers functions of traditional security hardware applications such as antivirus protection and firewalls and deploys this function via software. Further, the rise in virtual infrastructure across prime enterprises is driving the need for complex security applications for virtualized networks; therefore, forecast to offers lucrative growth opportunities for the market growth. Furthermore, the virtualized security allows users to maintain a secure network infrastructure within an enterprise. In addition, the rise in demand for self-service applications is expected to offer profitable opportunities for the virtualization security market.
The global virtualization security market is highly competitive, owing to the strong presence of existing vendors. Virtualization security vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Rise in growth of demand for hybrid cloud infrastructure globally are driving the need for next generation to enhance virtualization security technology. Moreover, prime economics, such as Germany and Japan, plan to developing and deploying next-generation virtualization security across various sectors. For instance, the South Korean government has planned to invest $607 million into countries' cybersecurity capabilities, which is anticipated to provide lucrative opportunities for market growth.
Among the analyzed geographical regions, North America exhibits the highest adoption of virtualization security and has been experiencing massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries such as China, Japan, and India investing in these technologies. Regions such as Middle East and Africa are also expected to breath in new opportunities in the virtualization security market in the future.
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