Virtualization security tools are software-based security solutions which enable security services and functions manage the function of traditional security hardware appliances (such as firewalls and antivirus protection) and deploy them via software. It can be deployed anywhere in the network and is often cloud-based.
Global Virtualization Security Tools Market – Dynamics
Focus on Minimization of CAPEX and OPEX
Increasing demand for network security among enterprises and individuals is prompting companies to invest in virtual security tools to provide reliable security and data transformation services. Companies are looking for a solution that would increase the return on investment by investing in virtual tools which can easily complete the function of a costly hardware standalone device.
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Lack of Skilled Resources
Virtualization security tools are the advance version of hardware security tools. It can replace major functions of the hardware security device, but one of the major constraints in this market is lack of availability of skilled resources in regions such as Asia Pacific, Middle East & Africa, and South America. The human development index which includes the skills index is low in these regions. APAC is considered the most opportunistic market in virtualization security tools; however, the lack of skills within the region could hamper the growth of the market.
North America to Dominate the Global Virtualization Security Tools Market
In terms of region, the global virtualization security tools market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the virtualization security tools market during the forecast period due to strong adoption rate of virtualized tools by small & medium enterprises.
COVID-19 Impact on the Global Virtualization Security Tools Market
The COVID-19 pandemic is expected to moderately impact the global virtualization security tools market for a short-term period. Investment in new technology or the adoption of new technology within the market is very low due to the lockdown as well as the slow GDP of many nations. The prime focus of companies is to keep the condition stable in the high economic depression across the globe rather than investing in new technologies
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Global Virtualization Security Tools Market – Competition Landscape
- In July 2019, an advance version of Kaspersky Security for Virtualization Light Agent, part of Kaspersky Hybrid Cloud Security was launched to capitalize the demand for resource-effective and scalable virtualization security. It is expected to enable customers to deploy protection to up to 100,000 virtual servers and desktops without sacrificing performance or losing control and visibility over virtualized infrastructures.
Incorporated in 1997, Kaspersky Inc. provides cybersecurity solutions. The company has over 400 million users and 270,000 corporate clients. The company’s security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats to protect businesses, critical infrastructure, governments, and consumers around the globe.
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