Virtualization Security Global Market Report 2024

The global virtualization security market has grown rapidly in recent years. It will grow from $2.75 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 18.0%. The growth observed in the historical period can be attributed to several factors, including a focus on cost efficiency and resource optimization, a heightened frequency of cyber threats, the critical infrastructure virtualization, increased adoption of Virtual Desktop Infrastructure (VDI), growing awareness of virtualization security risks, and the expansion of Software as a Service (SaaS). These elements have contributed to the evolution and adoption of virtualization security measures during the historical timeframe.

The global virtualization security market is expected to see rapid growth in the next few years. It will grow to $6.6 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%. The anticipated growth in the forecast period can be attributed to several factors, including the integration of containerization, a heightened focus on zero trust security models, the continuous evolution of cyber threats, considerations related to the quantum computing threat landscape, global connectivity, and interconnected systems. Additionally, enhanced integration with security orchestration, improved user authentication, and advanced access controls contribute to the expected growth. Major trends in the forecast period include the adoption of cloud-based virtualization, the implementation of micro-segmentation for network security, integration with endpoint security, advancements in multi-tenancy security, incorporation of security information and event management, and a growing emphasis on automation and orchestration.

The surge in cyberattacks is a primary driver fueling the momentum of the virtualization security market. Cyber attacks, aimed at illicitly infiltrating computer systems or networks to cause harm, frequently target virtualization systems, escalating the imperative need for robust system security. In response, virtualization security services have emerged to fortify these systems against malicious activities. Notably, the cybersecurity threatscape report by Positive Technologies highlighted a 17% increase in cyberattacks during Q1 of 2021 compared to Q1 of 2020, with a subsequent 1.2% rise from Q4 2020. This growing incidence of cyber attacks substantiates the upward trajectory of the virtualization security market.

The escalating adoption of cloud computing is poised to propel the growth of the virtualization security market. As organizations transition to the cloud, the integration of virtualization technologies becomes instrumental in optimizing resource utilization and scalability. This shift amplifies the necessity for robust virtualization security measures due to shared resources and multi-tenancy within cloud environments. The dynamic nature of cloud resources, coupled with network virtualization and the proliferation of hybrid and multi-cloud deployments, accentuates the criticality of implementing robust security protocols. For instance, Eurostat reported a 5.0 percentage-point rise, from 36% in 2020 to 41% in 2021, in organizations utilizing cloud computing services. This surge in cloud adoption underscores the driving force behind the growth of the virtualization security market.

Product innovations represent a prominent trend gaining traction within the virtualization security market. Leading companies are introducing novel technologies, exemplified by the launch of QEMUCare live patching service for Linux systems functioning as virtualization hosts. For instance, in June 2021, CloudLinux, a US-based Linux distribution company, unveiled the QEMUCare live patching service, an extension of its TuxCare patching services. This service simplifies the patching process for virtualization systems, addressing a complex step often encountered by IT security and operations teams. This innovative solution by CloudLinux highlights the trend toward enhanced product offerings aiming to bolster the security measures within virtualization environments.

Major companies within the virtualization security market are actively innovating new protection and control solutions as part of their strategy to secure a competitive advantage. An example is ABB Ltd.'s recent introduction in January 2023 of the Smart Substation Control and Protection SSC600 SW. This virtualized solution enables customers to utilize their preferred hardware while accessing established protection and control functionalities. The SSC600 SW, a virtualized iteration of the SSC600 device, consolidates protection and control functionalities within substations, streamlining network complexity. It supports Linux KVM and VMware Edge Compute Stack platform environments, providing enhanced flexibility and scalability. Additionally, ABB unveiled the FP 4 feature pack, augmenting the SSC600 with an improved user interface, disturbance recorder function, fuse failure supervision, and compliance support for simulation as per the IEC 61850 standard. These advancements facilitate streamlined testing throughout the protection system's lifecycle, underscoring ABB's commitment to enhancing virtualization security offerings.

In a significant move in May 2022, Broadcom, a US-based semiconductor device manufacturing company, completed the acquisition of VMware for $61 billion. This strategic acquisition aims to unite the strengths of both entities, presenting customers with an expanded platform offering a diverse range of critical infrastructure solutions. By amalgamating Broadcom's complementary Software portfolio with VMware's leading cloud-computing and virtualization technology, the combined entity aims to accelerate innovation and address intricate information technology infrastructure needs. VMware, renowned for its cloud-computing and virtualization technology solutions, further bolsters Broadcom's position in providing comprehensive and robust virtualization security and infrastructure offerings to a global clientele.

Major companies operating in the virtualization security market report are GE Healthcare, Infosys Limited, TeleTracking Technologies Inc., McKesson Corporation, Alcidion Corporation, Koninklijke Philips N.V., Epic Systems Corporation, NextGen Healthcare Inc., Stanley Healthcare Solutions Inc., Care Logistic Inc., INFINITT Healthcare Co. Ltd., WellSky Corporation, Simul8 Corporation, Change Healthcare Inc., HealthStream Inc., VMware AppDefense, Kaspersky Hybrid Cloud Security, Trellix MOVE AntiVirus, Trend Micro Cloud One Workload Security, Morphisec Inc., VMware NSX, The Aqua Platform, International Business Machines Corporation (IBM), Cybereason Ltd., Juniper Networks Inc., Akamai Technologies Inc., SentinelOne Inc., Arctic Wolf Networks Inc., Snyk Ltd., Lacework Inc., Cynet Systems Ltd., Palo Alto Networks Inc., CrowdStrike Holdings Inc., Deepwatch Inc., Ping Identity Corporation

North America was the largest region in the virtualization security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualization security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the virtualization security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of virtualization security are solutions and services, which are deployed on-premise and in the cloud by both small and medium enterprises as well as large enterprises. Solutions encompass software or computer programs designed to perform time-consuming and regular tasks, thereby simplifying work processes. Virtualization security solutions include various software components such as virtual appliances, anti-malware tools, and more. The application of virtualization security spans across industries including BFSI, government and defense, IT and telecommunications, healthcare and life sciences, retail, manufacturing, education, and other sectors.

This report provides virtualization security market statistics, including virtualization security industry global market size, regional shares, competitors with a virtualization security market share, detailed virtualization security market segments, market trends and opportunities, and any further data you may need to thrive in the virtualization security industry. This virtualization security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The virtualization security market includes revenues earned by virtualization security solutions such as host-based, anti-malware, virtual appliance, virtual zone, virtual infrastructure protection, virtual lifecycle protection, log, and patch management, configuration management, virtualization security API, anti-malware/anti-virus, application security tools, data centers/servers security tools, professional services, and managed services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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