United States Virtualization Security Market Size

US Virtualization Security Market Analysis

The US virtualization security market is expected to register a CAGR of about 14.4% during the forecast period (2021-2026). In the current business scenario, enterprises in the United States are out to transform their businesses to improve their full digital potential. One of the suitable technologies powering the digital transformation is the shifting of companies to their virtual infrastructure. Virtualization provides organizations the ability to process a large amount of data as well as gives access to better processing capabilities. In the United States, virtual infrastructures, such as hypervisors, virtual machines, and web servers, are prone to several web threats, such as Trojan.Script.Generic and Hoax.Loss.Script.gen. Therefore, virtualization security solutions ensure a significant security level to restrict cyber-attack incidents in virtual infrastructures.

• The US market for virtualization security is projected to obtain a massive growth as enterprises are shifting toward cloud and cloud-based technologies as a part of their IT model. In 2019, a survey conducted by Nutanix showed that more than 80% of the respondents prefer cloud-based technologies as an efficient operating model.
• As enterprises move to the virtual environment to modernize their conventional infrastructures, they face numerous security and integration issues that can affect system or server performance as well as costs. When software applications have moved to the wrong virtual environment during migration, it results in decreased software performance if the environment is under-equipped or increased enterprise costs if it is over-equipped.
• As per the report published by the Ponemon Institute and Siemens in October 2019, the utility industry has faced the worsening effect of virtual migration with more than 50% of organizations reporting significant operational data loss or at least one shutdown per year, and more than 25% impacted by mega cyber attacks.
• According to some representatives of FireEye and CrowdStrike, which are regularly tracking malicious web activity, Iran has increased a significant number of offensive cyberattacks against the United States government and critical infrastructure as trade tensions have increased between the two nations. These increasing cyberattacks in the country's government IT infrastructure is expected to drive the demand for virtualization security in the coming years.
• The COVID-19 pandemic has created several exploitation opportunities for advanced persistent threat (APT) groups and cybercriminals. In April 2020, the US Department of Homeland Security (DHS) Cybersecurity and Infrastructure Security Agency (CISA) published a joint alert on the details of security threats in the United States. These government bodies are observing an increasing use of COVID-19-related themes by cybercriminals. Presently, the use of teleworking has increased, such as virtual private networks (VPNs), which therefore amplify the threat to individuals as well as organizations. The increasing cyberattacks at the time of crisis are expected to accentuate the usage of virtualization security solutions by enterprises to get rid of such attacks.