Data-centric Security Market is projected to expand at a steady CAGR over the forecast by 2031 | Key Players Name: Broadcom Inc., Forcepoint, International Business Machines Corporation

According to a new market research report published by Global Insight Services "Data-centric Security Market is expected to reach US$ XX bn by 2031". Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Data-centric security is a term for security models that focus on protecting data, rather than devices or people. The idea is that by protecting data, you can also protect the devices and people that access it.

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Key Trends

There are several key trends in data-centric security technology. One is the move from perimeter-based security to data-centric security. This means that instead of focusing on protecting the network perimeter, organizations are now focusing on protecting data itself. This shift is being driven by the increasing amount of data breaches that occur despite traditional perimeter security measures.

Another key trend is the increasing use of encryption. Encryption is an effective way to protect data from unauthorized access, and it is becoming more widely used as organizations realize the importance of protecting their data.

Another trend is the increasing use of data loss prevention (DLP) solutions. DLP solutions help organizations to prevent sensitive data from being leaked or stolen. They are becoming more popular as organizations realize the importance of protecting their data.

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Key Drivers

There are four key drivers of data-centric security:

1. The need to protect data from unauthorized access: Data-centric security focuses on protecting data at rest, in motion, and in use. This is done through encryption, access control, and activity monitoring.

2. The need to comply with regulations: Data-centric security helps organizations comply with data privacy regulations, such as the EU General Data Protection Regulation (GDPR).

3. The need to reduce costs: Data-centric security can help organizations reduce the costs associated with data breaches.

4. The need to improve operational efficiency: Data-centric security can help organizations improve their operational efficiency by automating security tasks and reducing the need for manual processes.

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Market Segments

The Data-centric Security Market is segmented by component, deployment mode, organization size, and industry vertical and region. Depending on component, the market is categorized into software & solution and professional services. On the basis of deployment mode, the market is bifurcated into on-premise and cloud. As per organization size, it is fragmented into small & medium enterprise and large enterprise. According to industry vertical, it is differentiated into BFSI, government & defense, healthcare & pharmaceuticals, IT & enterprises, and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Market Players

The Data-centric Security Market includes players such as Broadcom Inc., Forcepoint, International Business Machines Corporation, Imperva, Informatica, Micro Focus, Netapp, Inc., Orange Cyberdefense, Talend S.A. and Varonis.

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