Data Center Physical Security Market to cross USD 5 Bn by 2032, Says Global Market Insights inc.
Data Center Physical Security Industry size is expected to register 9.5% CAGR between 2024 and 2032 propelled by increasing cyber threats.
Selbyville, Delaware, Sept. 02, 2024 (GLOBE NEWSWIRE) — Data Center Physical Security Market value could reach USD 5 billion by 2032, as per a
Europe to Establish a Strong Market Presence
Europe data center physical security market will register a notable market CAGR from 2023 to 2032, driven by the region’s stringent data protection regulations and the growing emphasis on securing critical infrastructure. Key countries such as Germany, the United Kingdom, and France are leading the adoption of advanced physical security solutions in data centers, fueled by regulatory requirements such as the General Data Protection Regulation (GDPR) and the Network and Information Systems (NIS) Directive. Additionally, the region’s robust digital economy and increasing investments in data center infrastructure are further propelling market growth.
Data Center Physical Security Market Players
Prominent companies operating in the data center physical security industry include Genetec Inc., Cisco Systems, Inc., Assa Abloy AB, Hikvision Digital Technology Co., Ltd., ADT Inc., Siemens AG, Axis Communications AB, Schneider Electric SE, Johnson Controls International plc., Bosch Security Systems, Check Point Software Technologies Ltd., Honeywell International Inc.
The demand for data center physical security is surging as companies like Genetec Inc. and Honeywell International Inc. enhance their offerings with advanced technologies. These companies are developing innovative solutions to address growing concerns about data breaches and physical threats. Their investments in sophisticated surveillance systems and access controls are driving market growth and ensuring robust protection for critical infrastructure.
In June 2024, Honeywell finalized its acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion. This strategic move enhanced Honeywell’s position as a key player in security solutions for the digital era, unlocking new opportunities for accelerated innovation in the rapidly expanding market of cloud-based services and solutions.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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