Virtual security appliances (VSAs) is a software solution that streamline and integrates the operating system used and existing security software into a robust package. This solution can either be deployed on the server or on client’s information technology (IT) infrastructure directly or on a virtual machine. Though majorly, the solution is deployed on a hypervisor layer rather than directly on the hardware. In addition to providing security, virtual security appliances help to increase IT flexibility to run and improve business continuity through more efficient automation such as load balancing, provisioning, failover, and disaster recovery practices.
Increasing cloud adoption across various industries and increasing threat to existing security systems are expected to drive the overall market growth during the forecast period. Data centers, enterprises and telecom service providers are seeking for advanced protection solution for their resources. Growing deployment and upgradation of data centers across the globe, increasing number of cyber-attacks are anticipated to drive the growth of the market to a certain extent. However, lack in the number of employees with the required technical knowledge and high security equipment installation costs are expected to hinder the growth of virtual security appliance market growth.
The global virtual security appliances market is segmented based on types, deployment modes, end-use verticals, and region. On the basis of vertical, the global market is segmented into banking, financial services & insurance (BFSI), public sector, energy & utilities, retail, IT & telecom, manufacturing, aerospace & defence, healthcare, and others. On the basis of deployment, the global market is segmented is into small & medium-size business (SMB) and large business. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and Latin America and Middle East & Africa.
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In terms of revenue, the market in North America dominates the global virtual security appliance market owing to high adoption of cloud-based services and deployed data centers in the region. The market in Asia Pacific is projected to have fastest growth during the forecast period, owing to increasing adoption for virtual security appliance with driving factors such as ease of management, simple integration with existing infrastructure, disaster recovery support, ease of deployment and administration are expected to boost growth of the global virtual security appliance market.
key players in the global virtual security appliance market include, Juniper Networks Inc., Check Point Software Technologies, Trend Micro Inc., Cisco Systems Inc., Palo Alto Networks, Inc., Cisco Systems Inc., Symantec Corporation, Fortinet Inc., Honeywell International Inc. and Bosch Sicherheitssysteme GmbH