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Data Centric Security Market Size, Growth, Industry Trends | Emergen Research
Unlike traditional security approaches, data-centric security focuses on protecting data throughout its lifecycle, making it increasingly popular among businesses and institutions aiming to safeguard sensitive information. Key benefits include enhanced data privacy, improved compliance capabilities, and the ability to manage and secure data across multiple platforms.
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Key Market Drivers
The increased demand for cloud-based security solutions is a significant growth factor. Cloud computing has become a cornerstone for modern businesses due to its flexibility, efficiency, and cost-effectiveness. However, it also introduces new security challenges. As more organizations adopt hybrid work models and mobile devices proliferate, protecting cloud-based data has become essential.
Companies are investing in solutions that offer comprehensive data protection. For instance, Informatica's Intelligent Cloud Services provide encryption, user authentication, and network access control to enhance security. The ongoing reliance on cloud technology will continue to fuel the demand for data-centric security tools.
The rise in data breach incidents further emphasizes the need for robust security. According to the International Association of Privacy Professionals, 1,862 data breaches were reported in 2018, marking a 68% increase from 2017. Although hackers are shifting toward more targeted attacks, data breaches remain a critical concern for organizations.
Challenges in Adoption
Despite its advantages, the high cost of implementing data-centric security solutions poses a challenge, especially for smaller organizations. Security technologies such as encryption tools and compliance systems require significant upfront investment. However, technological advancements and cloud-based, scalable solutions are gradually lowering costs, making these tools more accessible to businesses of all sizes.
In the long term, the benefits of strong data security-such as compliance with regulations, reduced breach risks, and increased customer trust-justify the investment. As companies recognize the growing importance of protecting sensitive data, cost barriers are expected to diminish.
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Industry Segment Insights
The Healthcare and Pharmaceuticals sector is projected to experience the fastest growth in adopting data-centric security solutions. This sector handles highly sensitive patient data, making data security a top priority. The pandemic amplified the demand for secure systems to protect personal health information. The increasing threat of medical record theft and the need to comply with privacy regulations will drive further adoption.
The Banking, Financial Services, and Insurance (BFSI) sector currently holds the largest market share. Given the sensitive nature of financial and personal data in this industry, it is a prime target for cyberattacks. The growing sophistication of these threats has led to higher demand for comprehensive data security strategies, boosting market growth in this segment.
Data Centric Security Top Companies and Competitive Landscape
The Data-Centric Security Market is a dynamic and competitive business, with a varied range of firms vying for market share. These corporations are actively working to strengthen their footprint through strategic initiatives such as partnerships, mergers, acquisitions, and political assistance.
With an emphasis on innovation, these firms are constantly improving their product offerings to fulfil the unique demands of consumers throughout many locations.
Informatica and Oracle announced a strategic partnership in May 2022, allowing Oracle Cloud Infrastructure to benefit from Informatica's market-leading connectivity and governance solutions. Oracle and Informatica have integrated Informatica's Intelligent Data Management Cloud (IDMC) into the Oracle Exadata Cloud Customer, Oracle Automated Database, Oracle Exadata Database Service, and Oracle Object Storage.
Some of the key companies in the global Data Centric Security market include:
Informatica
IBM
Broadcom
Micro Focus
Varonis Systems
Talend
Organe Cyberdefence
Forcepoint
Imperva
NetApp
Infogix
Data Centric Security Latest Industry Updates
In April 2024, Israel Aerospace Industries (IAI) and Aerotor Unmanned Systems signed a Memorandum of Understanding (MoU) to work together on upgrading unmanned aircraft system technology. IAI will leverage its aviation and unmanned platform experience, while Aerotor will combine its Apus multicopter, which features a core heavy-fuel propulsion system and a variable pitch mechanism. This combination benefits the Apus by increasing cargo capacity, endurance, and agility.
In March 2023, IBM introduced the IBM Cloud Data Security Broker, a cloud security solution that enables tokenization, field-level encryption, and masking. The system includes a data-centric security layer that allows customers to encrypt, tokenize, and master information at the row and column levels.
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The main report offers detailed historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each of the segments from 2020 to 2033:
By Component Outlook (Revenue, USD Million; 2020-2033)
Software & Solution
Data Discovery & Classification
Data Discovery & Classification
Data Protection
Data Governance & Compliance
Others
Professional Services
By Deployment Mode Outlook (Revenue, USD Million; 2020-2033)
On-Premises
Cloud
By Organization Size Outlook (Revenue, USD Million; 2020-2033)
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
By Industry Vertical Outlook (Revenue, USD Million; 2020-2033)
BFSI
Government & defence
Healthcare & Pharmaceuticals
Telecommunication
IT & Enterprises
Retail
Others
By Regional Outlook (Revenue, USD Million; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Data Centric Security Market Size@ https://www.emergenresearch.com/industry-report/data-centric-security-market/market-size
Data Centric Security Market Share@ https://www.emergenresearch.com/industry-report/data-centric-security-market/market-share
Data Centric Security Market Trends@ https://www.emergenresearch.com/industry-report/data-centric-security-market/market-trends
Data Centric Security Market Demand@ https://www.emergenresearch.com/industry-report/data-centric-security-market/regional-market-demand
Data Centric Security Market Analysis@ https://www.emergenresearch.com/industry-report/data-centric-security-market/market-analysis
Eric Lee
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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