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In 2022, the Data Centric Security Market was estimated to be valued $4.12 billion. By 2030, its value is projected to increase to $12.23 billion, a compound annual growth rate (CAGR) of 24.9%. Discovering, categorizing, securing, and tracking the most sensitive data over its entire lifecycle; government compliances and regulations; and rising data breach incidences are all factors driving the expansion of the data-centric security industry.
The professional services subsegment of the data centric security market is forecast to develop at the highest rate during the forecast period. Saving money is still a major incentive for businesses to hire experts. Businesses nowadays are extremely strategic, with objectives including value creation, operational flexibility, and competitive advantage. The expansion of the data centric security industry can be attributed in part to the rising demand for professional services enabled by these advantages.
Comprehensive data compliance and privacy protection can be achieved through the use of data-centric security solutions. Data classification and discovery, data protection via encryption, tokenization, and masking, and data governance and compliance are just some of the processes that may be included in these solutions, which can be applied to data when it is at rest, in motion, or in use. Data privacy and security are prioritized over network, endpoint, and application security in these approaches. The need for data-centric security solutions to safeguard vital business information has grown in tandem with the prevalence of cyberattacks. Increased end-user awareness of the need of data security has propelled the worldwide data centric security industry into expansion.
With the cloud, data can move freely and rapidly, meeting the needs of a more mobile workforce. In 2020, computer giants like IBM, Microsoft, and Google ruled the cloud computing industry with the help of cutting-edge tools like artificial intelligence (AI) and machine learning (ML) for data analysis. The growing requirement for data protection in the cloud among both large and small businesses is anticipated to fuel the data-centric security industry. For instance, Informatica's Intelligent Cloud ServicesSM provide safeguards like redundant data centers, user authentication and access controls, and encryption at the OS, DB, and APP layers for your data's safety.
Information technology (IT) can be seen as both the root of and the solution to issues with data security. It's easy to fall into the trap of thinking that high-tech security systems are the only way to keep a business safe. This way of thinking helps businesses avoid the two primary causes of information security risks: the company's own culture and its employees' actions. Due of the increased complexity, memorization, and typing required, many businesses shy away from employing multiple passwords and additional keys. The complex nature of adopting a data-centric security strategy has discouraged many businesses from doing so. Not understanding how their data is used across the organization prevents many CISOs from implementing data security strategies. As a result, they can only safeguard information within specific technological silos, such as disks, apps, and so on, leaving it vulnerable to compromise during transmission from one layer to another. Furthermore, no security measures may prevent data breaches that originate internally.
Component, deployment mode, organization size, and sector market share are just some of the ways that the worldwide data centric security market has been broken down. The global market is broken down into software & solution and expert services. Data tagging and watermarking, DLP, and data classification and discovery are just some of the technologies and solutions available. The market is segmented into on-premise and cloud solutions, denoting the preferred method of deployment. It is divided into small and medium-sized businesses (SMEs) and multinational corporations (MNCs). Business Financial Services (BFSI), Government and Defense (G&D), Healthcare and Pharmaceuticals (HPP), Information Technology and Enterprises (IT&E), Telecommunications (T&E), Retail (Retail), and Other (Others). The data centric security market is broken down by geography into the four main regions of the world: North America, Europe, Asia-Pacific, and LAMEA.
With more people using remote work and digital platforms, the COVID-19 pandemic is good news for data-centric security firms because it increases the volume of digital data and the likelihood of cyberattacks. High-quality security systems deployed at massive data farms, strict data storage and leakage prevention procedures, and routine risk monitoring for breaches at physical and digital access points are all essential under these conditions. More than $170.4 billion will be invested worldwide in data and information security by 2022. The global data centric security market is expected to rise in the next years as consumer awareness of data privacy and security increases and businesses respond by enforcing stricter security policies.
Report Coverage
Global Data-centric Security research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Data-centric Security report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Data-centric Security competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Data-centric Security market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Data-centric Security market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Data-centric Security market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Informatica (US), IBM (US), Broadcom (US), Micro Focus (US), Varonis Systems (US), Talend (US), Orange Cyberdefense (France), Forcepoint (US), Imperva (US), NetApp (US), Infogix (US), PKWARE (US), Seclore (US), Fasoo (South Korea), Protegrity (US), Egnyte (US), Netwrix (US), Digital Guardian (US), HelpSystems (US), BigID (US), Securiti (US), SecuPi (US), Concentric.AI (US), Lepide (US), NextLabs (US), SealPath (Spain), Nucleus Cyber (US), and Dathena (Singapore).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Data-centric Security market based on the below-mentioned segments:
Global Data-centric Security Market, By COMPONENT
SOFTWARE AND SOLUTION
SERVICES
Global Data-centric Security market, By DEPLOYMENT
0N-PREMISE
CLOUD80
Global Data-centric Security Market, By VERTICAL
BFSI
GOVERNMENT AND DEFENSE
HEALTHCARE AND PHARMACEUTICALS
IT AND ENTERPRISE
TELECOMMUNICATION
RETAIL
OTHERS
Global Data-centric Security market, Regional Analysis
The professional services subsegment of the data centric security market is forecast to develop at the highest rate during the forecast period. Saving money is still a major incentive for businesses to hire experts. Businesses nowadays are extremely strategic, with objectives including value creation, operational flexibility, and competitive advantage. The expansion of the data centric security industry can be attributed in part to the rising demand for professional services enabled by these advantages.
Comprehensive data compliance and privacy protection can be achieved through the use of data-centric security solutions. Data classification and discovery, data protection via encryption, tokenization, and masking, and data governance and compliance are just some of the processes that may be included in these solutions, which can be applied to data when it is at rest, in motion, or in use. Data privacy and security are prioritized over network, endpoint, and application security in these approaches. The need for data-centric security solutions to safeguard vital business information has grown in tandem with the prevalence of cyberattacks. Increased end-user awareness of the need of data security has propelled the worldwide data centric security industry into expansion.
With the cloud, data can move freely and rapidly, meeting the needs of a more mobile workforce. In 2020, computer giants like IBM, Microsoft, and Google ruled the cloud computing industry with the help of cutting-edge tools like artificial intelligence (AI) and machine learning (ML) for data analysis. The growing requirement for data protection in the cloud among both large and small businesses is anticipated to fuel the data-centric security industry. For instance, Informatica's Intelligent Cloud ServicesSM provide safeguards like redundant data centers, user authentication and access controls, and encryption at the OS, DB, and APP layers for your data's safety.
Information technology (IT) can be seen as both the root of and the solution to issues with data security. It's easy to fall into the trap of thinking that high-tech security systems are the only way to keep a business safe. This way of thinking helps businesses avoid the two primary causes of information security risks: the company's own culture and its employees' actions. Due of the increased complexity, memorization, and typing required, many businesses shy away from employing multiple passwords and additional keys. The complex nature of adopting a data-centric security strategy has discouraged many businesses from doing so. Not understanding how their data is used across the organization prevents many CISOs from implementing data security strategies. As a result, they can only safeguard information within specific technological silos, such as disks, apps, and so on, leaving it vulnerable to compromise during transmission from one layer to another. Furthermore, no security measures may prevent data breaches that originate internally.
Component, deployment mode, organization size, and sector market share are just some of the ways that the worldwide data centric security market has been broken down. The global market is broken down into software & solution and expert services. Data tagging and watermarking, DLP, and data classification and discovery are just some of the technologies and solutions available. The market is segmented into on-premise and cloud solutions, denoting the preferred method of deployment. It is divided into small and medium-sized businesses (SMEs) and multinational corporations (MNCs). Business Financial Services (BFSI), Government and Defense (G&D), Healthcare and Pharmaceuticals (HPP), Information Technology and Enterprises (IT&E), Telecommunications (T&E), Retail (Retail), and Other (Others). The data centric security market is broken down by geography into the four main regions of the world: North America, Europe, Asia-Pacific, and LAMEA.
With more people using remote work and digital platforms, the COVID-19 pandemic is good news for data-centric security firms because it increases the volume of digital data and the likelihood of cyberattacks. High-quality security systems deployed at massive data farms, strict data storage and leakage prevention procedures, and routine risk monitoring for breaches at physical and digital access points are all essential under these conditions. More than $170.4 billion will be invested worldwide in data and information security by 2022. The global data centric security market is expected to rise in the next years as consumer awareness of data privacy and security increases and businesses respond by enforcing stricter security policies.
Report Coverage
Global Data-centric Security research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Data-centric Security report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Data-centric Security competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Data-centric Security market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Informatica (US), IBM (US), Broadcom (US), Micro Focus (US), Varonis Systems (US), Talend (US), Orange Cyberdefense (France), Forcepoint (US), Imperva (US), NetApp (US), Infogix (US), PKWARE (US), Seclore (US), Fasoo (South Korea), Protegrity (US), Egnyte (US), Netwrix (US), Digital Guardian (US), HelpSystems (US), BigID (US), Securiti (US), SecuPi (US), Concentric.AI (US), Lepide (US), NextLabs (US), SealPath (Spain), Nucleus Cyber (US), and Dathena (Singapore). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Data-centric Security Market from 2021 to 2030.
- Market Forecast for Data-centric Security Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Data-centric Security competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Data-centric Security
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Data-centric Security market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Data-centric Security market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Informatica (US), IBM (US), Broadcom (US), Micro Focus (US), Varonis Systems (US), Talend (US), Orange Cyberdefense (France), Forcepoint (US), Imperva (US), NetApp (US), Infogix (US), PKWARE (US), Seclore (US), Fasoo (South Korea), Protegrity (US), Egnyte (US), Netwrix (US), Digital Guardian (US), HelpSystems (US), BigID (US), Securiti (US), SecuPi (US), Concentric.AI (US), Lepide (US), NextLabs (US), SealPath (Spain), Nucleus Cyber (US), and Dathena (Singapore).
Primary Target Market
- Market Players of Data-centric Security
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Data-centric Security market based on the below-mentioned segments:
Global Data-centric Security Market, By COMPONENT
SOFTWARE AND SOLUTION
SERVICES
Global Data-centric Security market, By DEPLOYMENT
0N-PREMISE
CLOUD80
Global Data-centric Security Market, By VERTICAL
BFSI
GOVERNMENT AND DEFENSE
HEALTHCARE AND PHARMACEUTICALS
IT AND ENTERPRISE
TELECOMMUNICATION
RETAIL
OTHERS
Global Data-centric Security market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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