Global Virtual Security Appliance (VSA) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Virtual Security Appliance (VSA) Market Overview

"The Virtual Security Appliance (VSA) Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Virtual appliances offer a software delivery model that improves the experience for customers and developers by packaging pre-configured content. In addition, virtualization-ready solutions in a single software package are easy to distribute and manage.

Virtual security appliances (VSAs) is a software solutions that streamlines and integrates the operating system and existing security software into a robust package. This solution can be deployed directly on the server, the client’s information technology (IT) infrastructure, or a virtual machine.

Though majorly, the solution is deployed on a hypervisor layer rather than directly on the hardware. In addition to providing security, virtual security appliances help increase IT flexibility to run and improve business continuity through more efficient automation such as load balancing, provisioning, failover, and disaster recovery practices.

Growing deployment and upgradation of data centers across the globe, increasing cyber-attacks are anticipated to drive the market's growth to a certain extent. In addition, growing cloud adoption across various industries and increasing threats to existing security systems are expected to drive the overall market growth during the forecast period.

The lack of skilled labor force required to deploy and install the solution and high installation costs are anticipated to hamper the growth of the virtual security appliance market.

The global virtual security appliances market is segmented based on types, deployment modes, end-use verticals, and regions. Based on vertical, the global market is segmented into banking, financial services & insurance (BFSI), public sector, energy & utilities, retail, IT & telecom, manufacturing, aerospace & defense, healthcare, and others.

Based on deployment, the global market is segmented is into small & medium-size businesses (SMBs) and large businesses. The region's market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

North America currently dominates the global virtual security appliance market in terms of revenue. More than 50% of organizations in North America are currently deploying or have deployed virtual security appliances. The market in the Asia Pacific is projected to have the fastest growth during the forecast period, owing to the increasing adoption of workplace services which is expected to boost the growth of the global virtual security appliance market.

Global Virtual Security Appliance (VSA) Market Segmentation:

Global Virtual Security Appliance Market by 

• Virtualized network security
• Virtualized content security

Global Virtual Security Appliance Market by deployment:

• Small and Medium-size Business (SMB)
• Large Business

Global Virtual Security Appliance Market by end-use vertical:

• Aerospace and Defence
• Banking, Financial Services, and Insurance (BFSI)
• Public Sector
• Retail
• Healthcare
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Others

Global Virtual Security Appliance Market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa