Press release
Steady Expansion Forecast for Data-Centric Security Market, Projected to Reach $28.45 Billion by 2029
Data-Centric Security
Data-Centric Security Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past years, the market size for data-centric security has seen an exceptional growth. It's predicted to escalate from a value of $8.19 billion in 2024 to a staggering $10.38 billion in 2025, with a compound annual growth rate (CAGR) of 26.8%. Causes for this dramatic increase during the historical time span include instances of data breaches, regulatory compliance requirements, the spread of mobile devices, along with concerns over data privacy.
Data-Centric Security Market Size Forecast: What's the Projected Valuation by 2029?
The size of the data-centric security market is anticipated to experience a significant surge in the coming years, with projections indicating a growth to $28.45 billion in 2029, translating to a compound annual growth rate (CAGR) of 28.7%. This projected growth during the forecast period is largely credited to various factors among them the adoption of zero trust architecture, emphasis on endpoint security, proliferation of cybersecurity threats globally, evolution of privacy regulations, emphasis on automated response, and intensifying worries about data sharing. Major tendencies anticipated during the forecast period include data classification and discovery, cloud-native security approaches, data loss prevention (DLP) services, the use of behavior analytics in threat detection, continuous monitoring, auditing, and the utilization of machine learning and artificial intelligence in threat intelligence.
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What Are the Drivers Transforming the Data-Centric Security Market?
The escalating instances of data breaches are projected to stimulate the growth of the data-centric security market through the predicted period. Data breaches are security violations where unauthorized individuals gain access to confidential data or copy it without consent. Data-centric security is presently employed to halt any data loss from organizational infrastructures. For example, the Identity Theft Resource Center (ITRC), a US-based non-profit, reported in January 2024 that there were as many as 3,205 data breaches in 2023 involving exposures, leaks, and unspecified events, affecting roughly 353,027,892 victims, including those affected by more than one incident. This represents a 78% surge from the previous year and a 72% increase from the prior record of 1,860 compromises set in 2021. As a result, the rise in data breach incidents will fuel the growth of the data-centric security market.
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What Long-Term Trends Will Define the Future of the Data-Centric Security Market?
The evolution of cutting-edge technologies is becoming a predominant trend in the data-centric security market. Leading companies in the market are developing these advanced technologies to enhance data security across several industries. For instance, in June 2022, Seclore, a technology firm based in the US, introduced a data-centric security platform. This platform aids organizations in identifying, categorizing, safeguarding, and monitoring company data both internally and externally. Moreover, IBM, a multinational technology corporation, and Palantir Technologies, a software firm specializing in big data analytics, formed a new alliance in February 2021. Their collaboration resulted in IBM's hybrid cloud data platform, designed to boost business with AI, combined with Palantir's modern operations platform for creating applications. The innovation is expected to expedite the process businesses use to create and apply AI-powered applications with IBM Watson. Importantly, it allows users with no technical abilities to access, scrutinize, and utilize the large volumes of data diffused across hybrid cloud landscapes.
Which Segments in the Data-Centric Security Market Offer the Most Profit Potential?
The data-centric security market covered in this report is segmented -
1) By Component: Software And Solutions, Data Discovery, Data Protection, Data Governance, Professional Services, Other Components
2) By Deployment Mode: On-Premise, Cloud
3) By Organization Size: Large, Medium, Small
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Government And Defense, Healthcare And Pharmaceuticals, Telecommunications, Information Technology (IT) And Enterprises, Retail, Other Verticals
Subsegments:
1) By Software And Solutions: Data Encryption Solutions, Tokenization Solutions, Access Control Software
2) By Data Discovery: Data Classification Tools, Data Mapping Tools
3) By Data Protection: Data Loss Prevention (DLP) Solutions, Backup And Recovery Solutions
4) By Data Governance: Compliance Management Tools, Policy Management Solutions
5) By Professional Services: Consulting Services, Implementation Services, Training And Support Services
6) By Other Components: Threat Intelligence Tools, Incident Response Solutions
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Which Firms Dominate the Data-Centric Security Market by Market Share and Revenue in 2025?
Major companies operating in the data-centric security market are Broadcom Inc., Imperva Inc., Micro Focus International PLC, NetApp Inc., Orange Cyberdefense, The International Business Machines Corporation, Microsoft Corporation, Google LLC, Informatica, Varonis Systems, Talend S.A., Forcepoint, Egnyte Inc., Fortra LLC, Virtru Corporation, Netwrix Corporation, Digital Guardian Inc., Fasoo, GTB Technologies Inc., Seclore Inc., Thales eSecurity Inc., Zettaset Inc., Privacera Inc., Collibra Inc.
Which Regions Offer the Highest Growth Potential in the Data-Centric Security Market?
North America was the largest region in the data-centric security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data-centric security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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