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Data Centric Security Market worth $13.22 billion by 2030, growing at a CAGR of 11.18% - Exclusive Report by 360iResearch
Data Centric Security Market | 360iResearch
The Global Data Centric Security Market to grow from USD 6.29 billion in 2023 to USD 13.22 billion by 2030, at a CAGR of 11.18%.
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Data-centric security is an approach that emphasizes the protection of data itself rather than focusing solely on protecting networks, servers, or applications. This paradigm shift prioritizes safeguarding data throughout its lifecycle, ensuring its integrity, confidentiality, and accessibility, irrespective of the location of the data or the interactions it may undergo. Core components of data-centric security include data discovery and classification, data obfuscation techniques, robust access controls, and continuous monitoring for malicious activities or anomalies. Rising data security risks across organizations require industries to adopt the security solutions fueling market growth. The growing adoption of technology across sectors and supportive government regulations for data security has further fueled the market demand. However, limitations in data-centric techniques and the high cost associated with data-centric security system installations hamper its market growth. The rise of advanced technologies such as cloud computing, the IoT, big data analytics, and artificial intelligence significantly shapes the data-centric security market.
The Americas represent a significant landscaper in the data-centric security market attributed to the stringent regulatory mandates driving the adoption of data-centric security solutions. Moreover, the region is home to leading security solution providers and witnesses hefty investments in research & development activities, further accelerating market growth. It is also noteworthy that the presence of large, tech-savvy enterprises in this region leads to a heightened emphasis on data security to protect intellectual properties and maintain competitive advantages. Europe holds substantial growth in the market due to government regulations, which have profoundly impacted how data is managed and secured. The broad applicability and stringent penalties have compelled businesses within and outside EU borders to invest in robust data-centric security measures. Government initiatives in the Middle East and Africa highlight the increasing commitment to regional data security. Furthermore, the diverse socioeconomic landscape of MEA offers opportunities for tailor-made solutions that cater to unique needs and regulatory standards in different countries.
Market Segmentation & Coverage:
This research report categorizes the Data Centric Security Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Professional Services and Software & Solutions. The Software & Solutions is projected to witness significant market share during forecast period.
Based on Function, market is studied across Access Control, Data Classification, Data Loss Prevention, and Managed File Transfer. The Access Control is projected to witness significant market share during forecast period.
Based on Deployment Mode, market is studied across On-Cloud and On-Premises. The On-Cloud is projected to witness significant market share during forecast period.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Banking, Financial Services & Insurance, Government & Defense, Healthcare & Pharmaceuticals, IT & Enterprises, Retail & Supply Chain Management, and Telecommunications. The Government & Defense is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.11% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Data Centric Security Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Data Centric Security Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Data Centric Security Market, highlighting leading vendors and their innovative profiles. These include BigID, Inc., Broadcom Inc, Concentric.Ai, Dig Security Solutions Ltd., Egnyte, Inc., Fasoo, Forcepoint, Fortra, LLC, Informatica Inc., Integrity Communications Ltd, International Business Machines Corporation, Lepide, McAfee, LLC, Micro Focus International plc by OpenText Corporation, NetApp, Inc, Netwrix Corporation, NextLabs, Inc., Orange Cyberdefense SA, PKWARE, Inc, Proofpoint, Inc., RiskOptics, Inc., Rohde & Schwarz GmbH & Co. KG, SEALPATH TECHNOLOGIES, S.L., Spirion, LLC, Varonis Systems, Inc., and Virtru.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Data Centric Security Market, by Component
7. Data Centric Security Market, by Function
8. Data Centric Security Market, by Deployment Mode
9. Data Centric Security Market, by Organization Size
10. Data Centric Security Market, by Vertical
11. Americas Data Centric Security Market
12. Asia-Pacific Data Centric Security Market
13. Europe, Middle East & Africa Data Centric Security Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Data Centric Security Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Data Centric Security Market?
3. What is the competitive strategic window for opportunities in the Data Centric Security Market?
4. What are the technology trends and regulatory frameworks in the Data Centric Security Market?
5. What is the market share of the leading vendors in the Data Centric Security Market?
6. What modes and strategic moves are considered suitable for entering the Data Centric Security Market?
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