Data-centric Security Market size was estimated at $XX billion in 2020 and is expected to reach $XX billion by 2028, growing at a CAGR of XX% during the forecast period of 2021 to 2028.
Data-centric Security Market
Data-centric security protects the data from cyber-attacks, thefts, and malicious insiders by focusing on the data itself rather than network, server, and applications. Data-centric security solutions are widely adopted by businesses and software organizations. It is controlled by a centralized management system and manages to implement appropriate data security policies without a gap between IT security and businesses. Automation is the key in data-centric security solutions, to handle large volumes of data and to monitor and protect the data continuously. Moreover, the factors such as data integrity, authentication, authorization, and effective privacy policies have compelled industries to adopt these data-centric security solutions. As a result, the data-centric security market is rapidly growing.
Data-centric Security Market Growth and Trend
The growing demand for data-centric security solutions for cloud-based applications and the increase in security risks faced by enterprises have significantly driven the growth of the global data-centric security market. The advantages of the data-centric solutions have compelled organizations to adopt these security services. Strict data security regulations such as the federal information processing standards (FIPS) and the payment card industry data security standards (PCI DSS) have encouraged enterprises to adopt data-centric securities in firms. The increasing cyber-attacks and data breaches create opportunities for the data-centric security market. All these factors are influencing the data-centric security market to grow exponentially.
However, small & medium enterprises could not sustain the high initial investments demanded to implement the data-centric security solutions due to financial concerns of organizations. It may hamper the data-centric security market to an extent. The other factor that hinders the data-centric security market is the lack of awareness about the benefits offered by the data-centric security solutions in various platforms.
Data-centric Security Market Segmentation
The data-centric security market is segmented by component, organization size, deployment, and industry vertical. Based on components, the market consists of software and solutions. By organization size, the market is divided into small and medium enterprises (SME) and large enterprises. The large enterprise segment will hold a significant share in the global market due to the increasing requirement for data-centric security solutions. Based on deployment, the market is segmented into on-premises and cloud-based systems. The cloud-based system segment is expanding owing to the technological advancements and emergence of the 5G network. Based on industry vertical, the market is divided into BFSI, healthcare, IT and enterprises, retail, government and defence, telecommunication, and others.
Data-centric Security Market Country Analysis
The Asia Pacific region is likely to dominate the overall market growth during the forecast time frame. The regional growth can be attributed to the rapid adoption of encrypted technologies and superior data-centric security solutions by developing economies such as India, China, Japan, Singapore, and Australia. Moreover, with the growing need for data security, superiority, and lineage across businesses in the North American region, the data-centric security market is predicted to witness growth at a higher CAGR. This growth can also be associated with the presence of key market players in North America. Rapid technological advancements in other regions such as Middle East, Europe, and South Africa have led the data-centric security market to grow in the forecasting period.
Data-centric Security Market Share and Competition
The major players operating in the global data-centric security market are Broadcom, Egnyte, Fasoo, Forcepoint, IBM, Informatica, Imperva, Microfocus, NetApp, Netwrix, NextLabs Inc., Orange Cyberdefense, Protegrity, Seclore, Talend, and Varonis Systems.
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Component Type Analysis (Revenue, USD Million, 2021 - 2028)
• Software and Solutions
• Professional Services
Organization Size Analysis (Revenue, USD Million, 2021 - 2028)
• Large Enterprises
• Small and Medium-Sized Enterprises
Deployment Analysis (Revenue, USD Million, 2021 - 2028)
• On-Premises
• Cloud
Industry Vertical Analysis (Revenue, USD Million, 2021 - 2028)
• BFSI
• Healthcare
• IT and Enterprises
• Retail
• Government and Defense
• Telecommunication
• Others
Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
o the United States
o Canada
o Mexico
• South America
• Europe
o France
o Germany
o Italy
o Spain
o the United Kingdom
o Austria
• the Asia Pacific
o Russia
o China
o Japan
o India
o the Philippines
o Malaysia
o Australia
o South Korea
• Middle East
o GCC Countries
o South Korea
• South Africa
• Rest of World
Data-centric Security Market Companies
• Broadcom
• Egnyte
• Fasoo
• Forcepoint
• IBM
• Informatica
• Imperva
• Microfocus
• NetApp
• Netwrix
• NextLabs Inc.
• Orange Cyberdefense
• Protegrity
• Seclore
• Talend
• Varonis Systems
Available Versions
• the United States Data-centric Security Industry Research Report
• Europe Data-centric Security Industry Research Report
• Asia Pacific Data-centric Security Industry Research Report
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