Data-Centric Security Market Latest Trends and Analysis, Future Growth Study by 2032

Data-Centric Security Market size was valued at USD 3.39 Billion in 2020 and is projected to reach USD 17.12 Billion by 2028, growing at a CAGR of 22.45% from 2021 to 2028.

The global market for Data-Centric Security is expanding due to factors such as increasing industry data risk from the use of big data analytics, machine learning, and artificial intelligence technology, strict compliance and regulatory requirements, and rising demand for Data-Centric Security solutions for cloud-based data security. The market is comprehensively evaluated in the study on the global data-centric security industry. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

A security solution known as "data-centric security" focuses on the dependability of the data rather than the security of networks, servers, or applications. Data-Centric Security is rapidly expanding as companies depend more on digital information to carry out their operations and large data organisations become more widespread. Data-Centric Security helps businesses overcome the mismatch between IT security technology and business strategy objectives by quickly connecting security services to the data they implicitly safeguard. This relationship is typically concealed by the perception of security as an end in itself.

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Regarding the private data that the company gathers, holds, and manages. Intellectual property, sensitive personal data about the customers and staff, and financial or payment information are all treasures to pirates. Data security, which refers to the procedures and tools used to safeguard data, is a vital part of preserving the good name and financial stability of your business. Data security comes in many different forms, including authentication, access control, backups and recovery, encryption, data masking, tokenization omission, and erasure.

Global Data-Centric Security Market Overview

Data is growing more quickly and is free to travel anywhere in the cloud as needed by a workforce that is becoming more mobile. Businesses like IBM, Microsoft, and Google dominated the cloud industry and used cutting-edge technology to examine data, such AI and ML. Future cloud infrastructure faces new challenges and opportunities as a result of the process of analysing these massive amounts of data to obtain real-time understandings. The market is expanding as a result of the growing need from both large and small businesses to protect their data in the cloud.

Consumer interest in global manufacturing, electronics, and IT sector advancements is growing, which in turn has boosted demand for the internet of things. The market is expanding as a result of growing internet usage and a global increase in smartphone adoption. Data-Centric Security is rapidly expanding. Data-Centric Security is at risk due to the lack of a technical personnel in the businesses, which limits market expansion. Additionally, the availability of open-source data protection software hinders the expansion of security service providers that offer security to end users as a service.

Segmentation:

By Component

· Software and Solution

· Services

By Vertical

· BFSI

· Government and Defense

· Healthcare and Pharmaceuticals

· It and Enterprise

· Telecommunication

· Retail

· Others

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Geography:

The data-centric security market is dominated by North America, followed by Europe and Asia Pacific. North America has a significant market share due to the presence of major data-centric security solution providers and the early adoption of advanced cybersecurity solutions. Additionally, the stringent regulations and compliance requirements in the region are also driving the demand for data-centric security solutions. Europe is also a major market for data-centric security solutions, primarily due to the implementation of GDPR regulations. The Asia Pacific region is expected to show significant growth in the coming years due to the increasing adoption of cloud-based solutions and the growing awareness of cybersecurity threats in the region.

Company Profiles:

· McAfee

· Symantec Corporation

· IBM Corporation

· Cisco Systems Inc.

· Trend Micro Inc.

· Check Point Software Technologies Ltd.

· Intel Security Group

· Forcepoint LLC

· Digital Guardian Inc.

· Thales Group

· Varonis Systems Inc.

· Seclore Technology Pvt. Ltd.

· Informatica LLC

· Fasoo Inc.

· PKWARE Inc.

Global Data-Centric Security Market: By Regions
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Data-Centric Security market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Data-Centric Security would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Data-Centric Security Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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