Data-Centric Security Market, By Component Outlook (Software And Solutions, Services), By Deployment Outlook (On-Premise, Cloud80), By Organization Size Outlook (Large Enterprise, SME), By Vertical Outlook (BFSI, Government And Defense, Healthcare And Pharmaceuticals, IT And Enterprise, Telecommunication, Retail, Others

The Worldwide Data-Centric Security Market size was valued at $2.90 billion in 2020 and is projected to reach $41.40 billion by 2030, registering a CAGR of 32.1% from 2021 to 2030.

Data-centric security is about protecting data where it is stored and processed, rather than focusing on security controls for servers, applications, and network infrastructure. Data-centric security also helps organizations overcome the disconnect between IT security technologies and business strategic goals by linking security services directly to the data it fully protects. Data-centric security helps organizations reduce insider threats, threats by hackers, and other malicious attacks. Continuous monitoring of confidential data activity.

The data-centric model also takes a zero-trust approach that reduces cyber risk by allowing users to request privileged access only when needed. Data-centric security offers many other benefits, such as securing data transmission, maintaining data integrity and privacy, ensuring regulatory compliance, and protecting against unauthorized access.

Market Dynamics:

Drivers:

Growing demand for data-centric security solutions for cloud-based data security and increasing risks facing enterprise data due to misuse of big data analytics, artificial intelligence, and machine learning are estimated to drive the data-centric security market over the forecast period. Stringent regulations such as Federal Information Processing Standards and Payment Card Industry Data Security Standards are encouraging enterprises to implement data-centric security, which is expected to boost the data-centric security market over the forecast period. Increasing cyberattacks during the pandemic is a major factor making data-centric security a priority today and is likely to propel market growth in the coming years. Rising data breach cases are expected to create opportunities for the data-centric security market over the forecast period.

Restraints:

IT can be seen as both a cause and a solution to data security problems. It's tempting to believe that only sophisticated security measures can protect an organization from threats. This mindset allows organizations to avoid the two primary drivers of information security risk: organizational culture and its associated behaviors. Organizations often do not use multiple passwords and additional keys due to increased complexity, memorization, and typing. Many organizations have not taken a data-centric security approach because of the daunting task. Instead of having an idea about data security, many CISOs don't know ​​how data is used across the enterprise, so they can't implement it. As a result, it protects only data on disks, applications, and other technology segments that can be easily corrupted as data moves from one tier to another. Also, internal data breaches cannot be prevented by any security solution.

Key players:

• Broadcom Inc.

• Forcepoint

• International Business Machines Corporation

• Imperva

• Informatica

• Micro Focus

• Netapp, Inc.

• Orange Cyberdefense

• Talend S.A.

• Varonis

Market Segmentation:

• By Component

  • Software And Solution

  • Services

• By Deployment

  • 0n-Premise

  • Cloud80

• By Organization Size

  • Large Enterprise

  • Sme

• By Vertical

  • Bfsi

  • Government And Defense

  • Healthcare And Pharmaceuticals

  • It And Enterprise

  • Telecommunication

  • Retail

  • Others

• By Region

  • NORTH AMERICA

    • U.S

    • Canada

  • EUROPE

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Rest of Europe

  • ASIA-PACIFIC

    • China

    • India

    • Japan

    • .Australia

    • South Korea

    • Rest of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

    • Africa

Regional Analysis:

Regionally, the global data-centric security market can be divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

Asia-Pacific held the largest share in the global data-centric security market, owing to rapid adoption of encryption technologies and superior data-centric security solutions in emerging economies such as India, China, Japan, Singapore, and Australia. Data-centric security solutions are widely adopted by SMEs and enterprises in Asia Pacific to protect sensitive and sensitive business data from cyber threats, commercial espionage, and data misuse.

North America's data-centric security market is expected to expand rapidly during the forecast period. This may be due to the presence of most market participants and the growing need to ensure data security, superiority, and lineage throughout the business.

Scope of the Report:

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