Global Virtualization Security Market: Overview
Virtualization of security is a collection of procedurs, controls, and device management techniques which ensure maximum security to counter cyber-attacks. Cyber security is an increasing concern for various industries and with the growing innovation in the supporting IT infrastructure, it continues to remain a challenge. Virtualization of security is a broad concept which involves specific mechanisms such as securing data through virtual cloud solutions as well as wider organizational changes such as creation and implementation of security policies. The virtualization security market caters to specific needs of controlling, monitoring, and enabling virtualization with the specific focus on the security aspect. However, more and more players in the market are moving towards providing cloud-based solutions which also cater to the organizational needs of productivity and efficiency.
Global Virtualization Security Market: Notable Developments
Stealing personal information and encrypted data is a major challenge through cyber-attacks. However, a new release by Microsoft with the help of PC hardware manufacturers offers some relief. Microsoft plans to add an extra layer of security to new computers with the help of PC makers. The new layer will separate identity material and encryption keys from Windows 10. So, during attacks, the information would become less vulnerable to hacks. This is a promising news for players in the virtualization security market as it means less effort for protecting hardware-emitted hacks. These proved to be challenging for players earlier. Even automated cars are susceptible to easy hacks based on the signal they transmit. The news can mean more focus on the growing cloud solutions in the near future.
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Interfaith Medical Center or IMC based in New York has decided to opt for a zero-trust security model to protect its apps, health data, and medical devices. The model uses application control, micro-segmentation, and behavioral monitoring to allow operations. The concept of zero-trust provides access based on internal verification system. The growing shift towards zero-trust systems in a cloud environment is a major trend witnessed in the virtualization security market. Additionally, the healthcare is also expected to emerge as a major driver for the market as government reimbursement entities favor digitalization and security threat to sensitive data rises.
Global Virtualization Security Market: Drivers and Restraints
The global virtualization security market is expected to witness tremendous growth as organizations continue to struggle to find ways to protect data. In recent times, even tech giants like Adobe, and popular devices like PlayStation have not remained immune to cyber threats. Moreover, growing shift to cloud is also under threat from vector-based attacks with rising focus on crypto-mining, remote-access, and ransom ware. The threats are also widespread to public entities which recently paid ransom to attackers in various local counties in the United States. The growing threat of ransomware, the increased investment by both public and private entities in IT infrastructure, and rising digitalization are expected to drive growth.
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Global Virtualization Security Market: Regional Analysis
The global virtualization security market is expected to witness robust growth in North America. The growing threats of cyber-security in the region, due to its lucrative appeal, and increased investments in cloud technology by several tech giants are expected to drive growth. Additionally, the virtualization security market also promises robust growth in Asia Pacific region. The region is home to a large IT industry with countries like India, China, South Korean, and Japan taking a lead in several key digitalization initiatives. The market is poised to witness significant growth in Europe as well as new EU initiatives mandate the shift to a paperless economy in the near future.
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