Data Centric Security Market Size, Share and Global Market Forecast 2029

 

Data Centric Security Market

Data-centric Security market size touched USD 3.1 billion in 2021 and is projected to reach USD 14.8 billion in 2029 and the market is estimated to grow at a high CAGR of 21.6% during 2022-2029

The factors driving growth of the Data Centric Security Market includes growing incidences of cyberattacks, Government regulations regarding data security, huge volumes of data generated around the world, increasing penetration of smartphones and personal computers and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Machine Learning (ML), Big Data Analytics and Artificial Intelligence (AI), emerging trend of Bring Your Own Device (BYOD), advent of software defined storage solutions, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Data-Centric Security Market share. In addition, the increasing investments by major corporations on research and development, strategic partnerships and mergers between companies and rising population growth rates, are further contributing towards the market growth.  

However, growth of the Data Centric Security Market is hindered due to inadequate knowledge about data centric solutions.

The major players operating in the Data Centric Security Market includes Forcepoint, Imperva., SECLORE., Lepide, Informatica, Broadcom., Micro Focus, Varonis, Talend and Cyberdefense, among others.

Based on Component, the Software and Solutions segment is predicted to grow at a significant CAGR during the forecast period

Data centric solutions helps enterprises to find sensitive data from the group of scattered data sets for gaining visibility in location, volume, and context, is propelling Data Centric Security Market size.

Based on Verticals, the Healthcare and Pharmaceuticals is projected to capture the largest market share over the forecast period

Emerging need to safeguard internal healthcare data, growing incidences of medical record theft and helps healthcare organizations in meeting security compliances, are some of the factors responsible for the segment’s growth. 

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

As per the Data-Centric Security Market Report, increase in companies spending on IT departments, increasing incidences of cyber-attacks across India, Japan and China, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Developments

  • In 2021, Varonis Systems, Inc. developed DatAdvantage Cloud, a solution that visualizes and prioritizes security risk across today’s mission-critical SaaS apps and cloud data repositories, supporting more cloud applications and infrastructure.
  • In 2019, Seclore, developed the Seclore Endpoint Auto-Protector SDK as part of their Data Centric-Security Platform.

Market Segmentation

Segmentation by Component

  • Software and Solutions
    • Data discovery and classification
    • Data Protection
    • Data governance and compliance
    • Other
  • Professional Services

Segmentation by Deployment mode

  • On-premise
  • On-cloud

Segmentation by Organization size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Segmentation by Verticals

  • Banking, Financial, Services, and Insurance (BFSI)
  • Government and Defense
  • Healthcare and Pharmaceuticals
  • IT and Enterprises
  • Telecommunication
  • Retail
  • Other

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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