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Virtualisation Security Market to reach over $7 billion by 2032

A new report from Future Market Insights predicts that the virtualization security market will be valued at $7.6 billion.

Market revenue is estimated at USD 1.7 billion in 2021, and according to research, this figure is expected to grow at a CAGR of 14.1% from 2022 to 2032.

Future Market Insights notes that companies are looking to change their operations in a highly competitive business environment to take full advantage of their digital capabilities.

It also states that increasing number of companies moving to virtual infrastructure is one of the key factors driving the growth of this market.

The study also found that virtualization will have a dramatic impact in the IT and networking space in a short period of time, significantly reducing data center costs and ROI.

Additionally, security systems are gaining in popularity due to their ability to produce low-distortion, high-quality surveillance and undistorted surveillance.

Future Market Insights says several factors will add to the market’s development.

First, producers of products, especially in emerging economies, are placing increasing emphasis on using new and cutting-edge technologies.

Second, identity fraud is becoming more prevalent in developing countries such as India and China, resulting in a focus on strengthening the IT industry.

Additionally, Future Market Insights recognizes the security and integration issues that arise when organizations move to virtual environments and upgrade their legacy infrastructure. Issues that can affect system and server performance and costs.

Additionally, when software applications are migrated to an inappropriate virtual environment, performance degrades if the environment is under-equipped, and costs companies more if the environment is over-equipped.

Major players in the global virtualization security market include Oracle, Ericsson Networks, Dell, Juniper Networks, Altor Networks, Red Hat, Symantec, Trend Micro, Fortinet, Sophos, Hewlett-Packard, and Citrix Systems.

In February 2020, next-generation cybersecurity solution developer Sophos announced a new Xstream architecture for the Sophos XG Firewall with high-performance TLS traffic decryption.
Additionally, in January 2021, Optum and healthcare technology provider Change Healthcare announced a partnership.

Under the partnership, Change Healthcare will join Optum Insight’s data analytics and software services, technology-based services, medical research, and revenue cycle management services to enhance Optum’s virtualized security portfolio.

Through our IT and networking teams, Future Market Insights delivers valuable research, real-time insights, and actionable recommendations to customers around the world.

These insights specifically address enterprise business intelligence requirements.

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