Virtual Security Appliance Market

The global virtual security appliance market size is estimated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the emerging and increasing threats to danger security systems associated with the wide use of cloud-based platforms.

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A virtual security appliance is a type of device or machine that runs in virtualized settings to ensure high protection of associated networks and devices. Since it comes pre-installed with an operating system and a security application on virtualized hardware, it is dubbed as an appliance. Data centers, businesses, and carriers represent key users that focus on installation of advanced security networking system and applications to ensure that the safety of their assets and data. For instance, data centers have to manage the massive waves of attacks and threat they face on a regular basis and implementation of such security appliance is highly required to accommodate massive increase in the protection of data. Business organizations are increasingly implementing virtualization technologies that also help to reduce power usage and rack space constraints. Meanwhile, the traditional hardware security appliances service providers are facing stiff competition due to rising demand for virtual security appliances among different users. 

Market Trends, Drivers, Restraints, and Opportunities

• Implementation of next-generation network infrastructure using software defined network functionalities is expected to drive the market in the coming years.
• Low power consumption, ease of maintenance, and integration are key advantages for using the security appliance system. This is a key factor propels the market.
• Lower investment cost and efficient security functions as compared to traditional security appliances are projected to boost the market during the forecast period.
• Complex procedure for setting up security for appliances in a virtual environment and lack of experts handling the application are major challenges that can hinder the market expansion.
• Introduction of internet protocol-based electronic access control systems and increasing integration of advanced technology are estimated to create lucrative opportunities for the market expansion.

Scope of the Report

The report on the global virtual security appliance market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Unified threat management segment to expand at a considerable CAGR

On the basis of products, the virtual security appliance market is segmented into unified threat management, intrusion detection & prevention, content management, virtual private network, firewall, and others. The unified threat management segment is projected to expand at a considerable CAGR during the forecast period as it deals with a variety of threats considerably easier by offering a single point of protection solution. On the other hand, the firewall segment is anticipated to account for a major market share during the forecast period as it aids in the identification and counteract assaults across the whole network rapidly and efficiently.

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Government organizations segment to hold significant share of the market

In terms of end-users, the market is divided into SMEs, large enterprises, and government organizations. The government organizations segment is expected to hold significant share of the market due to the increased government investments along with a low cost of human-assisted security appliance available to government organizations. However, the large enterprises segment is anticipated to account for a key market share as the increased need for intelligent video surveillance in places including retail stores, banks, casinos, and museums.

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Europe is anticipated to constitute a key market share

In terms of regions, the virtual security appliance market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period owing to gaining strong demand for such appliance by government agencies especially in Germany and the United Kingdom. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the increase in year-over-year sales especially in China. Meanwhile, the market of North America is projected to register high CAGR during the forecast period owing to rising use of the security appliance in the United States particular to prevent from cyber threats and other virtual security attacks.

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Segments

Segments Covered in the Report
The global virtual security appliance market has been segmented on the basis of
Products

• Unified Threat Management
• Intrusion Detection & Prevention
• Content Management
• Virtual Private Network
• Firewall
• Others

End-users

• SMEs
• Large Enterprises
• Government Organizations

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Check Point Software Technologies
• Trend Micro Inc.
• Cisco Systems Inc.
• Fortinet
• McAfee
• Juniper Networks Inc.

Competitive Landscape

Key players competing in the global virtual security appliance market are Check Point Software Technologies; Trend Micro Inc.; Cisco Systems Inc.; Fortinet; McAfee; and Juniper Networks Inc. Among these players, Cisco Systems Inc. is a major company that presently has a large share in the global security appliance market, followed by Check Point Software Technologies and Fortinet. Industry companies are investing in R&D to develop novel manufacturing strategies to address the market current challenges.