Overview and Scope
Data-centric security is technological solution that safeguards data from unauthorized access by automatically screening each time a file is added to or changed in a network. Data-centric security is used to protect data from unauthorized access, help to reduce cyber risk and inside threats, secure data transmissions stored in organizations infrastructure, and ensure compliance across various industries.
Sizing and Forecast
The data-centric security market size has grown exponentially in recent years. It will grow from $6.52 billion in 2023 to $8.35 billion in 2024 at a compound annual growth rate (CAGR) of 28.0%. The growth in the historic period can be attributed to data breach incidents, regulatory compliance, mobile device proliferation, data privacy concerns..
The data-centric security market size is expected to see exponential growth in the next few years. It will grow to $22.03 billion in 2028 at a compound annual growth rate (CAGR) of 27.5%. The growth in the forecast period can be attributed to zero trust architecture adoption, focus on endpoint security, globalization of cybersecurity threats, privacy regulations evolution, focus on automated response, increased data sharing concerns.. Major trends in the forecast period include data classification and discovery, cloud-native security solutions, data loss prevention (dlp) solutions, behavior analytics for threat detection, continuous monitoring and auditing, machine learning and ai for threat intelligence..
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Segmentation & Regional Insights
The data-centric security market covered in this report is segmented –
1) By Component: Software And Solutions, Data Discovery, Data Protection, Data Governance, Professional Services, Other Components
2) By Deployment Mode: On-Premise, Cloud
3) By Organization Size: Large, Medium, Small
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Government And Defense, Healthcare And Pharmaceuticals, Telecommunications, Information Technology (IT) And Enterprises, Retail, Other Verticals
North America was the largest region in the data-centric security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data-centric security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing data breach incidents will propel the data-centric security market growth during the forecast period. Data breach incidents refer to a security violation in which a person accesses sensitive information without permission from an organization or when confidential information is copied without permission. Data-centric security is used at the current time to prevent any loss of data from organization infrastructures. For instance, in October 2021, according to Fortune, a US-based business magazine company, the total number of global data breach cases was 1,291 in 2021, an increase from 1,108 in 2020. Ransomware is the major tool cybercriminals use, with the total number of data breaches increasing to 17% in 2021. Therefore, growing data breach incidents will drive the data-centric security market.
Key Industry Players
Major companies operating in the data-centric security market report are Broadcom Inc., Imperva Inc., Micro Focus International plc, NetApp Inc., Orange Cyberdefense, The International Business Machines Corporation, Microsoft Corporation, Google LLC, Informatica, Varonis Systems, Talend S.A., Forcepoint, Egnyte Inc., Fortra LLC, Virtru Corporation, Netwrix Corporation, Circle Security Inc., Cranium AI Inc., Hadrian Security Inc., CipherCloud Inc., Digital Guardian Inc., Fasoo, GTB Technologies Inc., Ionic Security Inc., Seclore Inc., Thales eSecurity Inc., Vormetric Inc., Zettaset Inc., Privacera Inc., Collibra Inc.
The data-centric security market report table of contents includes:
1. Executive Summary
2.Data-Centric Security Market Characteristics
3.Data-Centric Security Market Trends And Strategies
4.Data-Centric Security market analysis
5.Data-Centric Security Market Size And Growth
6.Data-Centric Security Segmentation
7.Data-Centric Security Regional And Country Analysis
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27. Data-Centric Security Competitive Landscape And Company Profiles
28. Data-Centric Security Key Mergers And Acquisitions
29.Data-Centric Security Future Outlook and Potential Analysis
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According to a new market research report "Data-centric Security Market by Component (Software and Solutions and Professional Services), Deployment Mode (Cloud and On-premises), Organization Size, Vertical (Government and Defense, Healthcare, Telecommunications), Region - Global Forecast to 2026" published by MarketsandMarkets™, the global Data-centric Security market size expected to grow from USD 3.5 billion in 2020 to USD 9.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period.Browse in-depth TOC on "Data-centric Security Market”325- Tables47- Figures275- PagesDownload Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1504980Informatica (US), NetApp (US), IBM (US), Broadcom (US), Microfocus (US), Varonis Systems (US), Talend (US), OrangeCyberdefense (France), Forcepoint (US), Imperva (US), PKWARE (US), Seclore (US), Fasoo (South Korea), Protegrity (US), Egnyte (US), Netwrix (US), Digital Guardian (US), Securiti (US), HelpSystems (US), BIGID (US), Lepide (US), NextLabs (US), SealPath (Spain), Nucleus Cyber (archTis) (US), Secupi (US), Dathena (Singapore), Infogix (US), and Concentric.ai (US) are some of the key players considered in the Data-centric Security market.
Companies offering Data-centric Security currently focus on inorganic strategies, such as partnerships, collaborations, acquisitions, and mergers, to be competitive in the market.Data-centric security provides numerous benefits, such as maintaining data integrity and privacy, securing data transmissions, ensuring compliance, and protecting unauthorized access.
Additionally, stringent regulatory compliances, such as the Health Insurance Portability and Accountability Act (HIPAA), Federal Information Processing Standards (FIPS), and Payment Card Industry Data Security Standard (PCI DSS), are encouraging enterprises to adopt data-centric security solutions and services to attain complete security of data.
Due to these benefits, established players in the developed nations are seeking expansion opportunities in the developing regions by spreading awareness about data-centric security.MarketsandMarkets has segmented the global data-centric security market into components (software and solutions, and professional services), organization size, deployment mode, verticals, and regions.
The report also focuses on verticals of the data-centric security market, which includes banking, financial services, and insurance (BFSI), government and defense, healthcare and pharmaceuticals, telecommunications, IT and enterprises, retail, and other verticals.
Furthermore, the legislation in many countries has set new standards for protecting customer information.
Data-Centric Security Market report by MarketsandMarkets™ provides well-organized statistical overview on the basis of trends, market share, applications, growth factors & forecast.According to a new market research report "Data-Centric Security Market by Component (Solutions (Data Protection, Data Governance, Data Auditing) and Services (Professional and Managed)), Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the Data-Centric Security Market expected to grow from USD 2.06 Billion in 2017 to USD 5.83 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period.The demand for data-centric security solutions is expected to be majorly driven by the stringent compliances and regulations pertaining to data-centric security.
Moreover, data security governance and exploitation of trending technologies such as big data, machine learning, and artificial intelligence are expected to boost the adoption of data-centric security solutions and services among enterprises.
Browse in-depth TOC on “Data-Centric Security Market”72- Tables 42- Figures138- PagesDownload Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1504980Solutions segment is expected to hold the largest market share during the forecast periodData-Centric Security solutions audit and protect the data at rest, data in motion, and data in use through various standards and protocols.
The solutions protect mission-critical data in disparate silos, such as databases, files, and cloud.
Some of the capabilities that a data-centric security solution has are data classification and discovery, privileged access management, policy management, activity monitoring, auditing, and reporting.The retail vertical is expected to grow at the highest CAGR during the forecast periodThe retail vertical is expected to grow at the highest rate during the forecast period, due to the need to audit and protect critical consumer data stored in databases, files, and cloud.
Hence, retailers are adopting comprehensive data-centric security solutions, as data risk is present at all levels, from various transactions to the confidentiality of personal information of customers and employees.Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast periodNorth America is estimated to have the largest market share in 2017, while APAC is projected to be the fastest growing region at the highest CAGR during the forecast period, as APAC enterprises are deploying data-centric security solutions at a faster rate.
