The data-centric security global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Data-Centric Security Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The data-centric security market size has grown exponentially in recent years. It will grow from $6.52 billion in 2023 to $8.35 billion in 2024 at a compound annual growth rate (CAGR) of 28.0%. The growth in the historic period can be attributed to data breach incidents, regulatory compliance, mobile device proliferation, data privacy concerns.
The data-centric security market size is expected to see exponential growth in the next few years. It will grow to $22.03 billion in 2028 at a compound annual growth rate (CAGR) of 27.5%. The growth in the forecast period can be attributed to zero trust architecture adoption, focus on endpoint security, globalization of cybersecurity threats, privacy regulations evolution, focus on automated response, increased data sharing concerns. Major trends in the forecast period include data classification and discovery, cloud-native security solutions, data loss prevention (dlp) solutions, behavior analytics for threat detection, continuous monitoring and auditing, machine learning and ai for threat intelligence.
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Scope Of Data-Centric Security Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Data-Centric Security Market Overview
Market Drivers –
Growing data breach incidents will propel the data-centric security market growth during the forecast period. Data breach incidents refer to a security violation in which a person accesses sensitive information without permission from an organization or when confidential information is copied without permission. Data-centric security is used at the current time to prevent any loss of data from organization infrastructures. For instance, in October 2021, according to Fortune, a US-based business magazine company, the total number of global data breach cases was 1,291 in 2021, an increase from 1,108 in 2020. Ransomware is the major tool cybercriminals use, with the total number of data breaches increasing to 17% in 2021. Therefore, growing data breach incidents will drive the data-centric security market.
Market Trends –
Advancements in innovative technologies are a key trend gaining popularity in the data-centric security market. Major market players are creating innovative technologies to improve data security across various industries. For instance, in June 2022, Seclore, a US-based technology company, launched a data-centric security platform. Its platform helps organizations discover, classify, protect, and track enterprise data within and outside the organization. Also, in February 2021, IBM, an American multinational technology corporation, and Palantir Technologies, an American software company that specializes in big data analytics, announced a new partnership consisting of IBM’s hybrid cloud data platform designed to deliver AI for business with Palantir’s next generation operations platform for building applications. The product is expected to streamline how businesses build and deploy AI-infused applications with IBM Watson. Furthermore, without the need for technical skills, this will help users access, analyze, and act on the vast amounts of data scattered across hybrid cloud environments.
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
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Regional Insights –
North America was the largest region in the data-centric security market in 2023. 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.
Key Companies –
Major companies operating in the data-centric security market report 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, Circle Security Inc., Cranium AI Inc., Hadrian Security Inc., CipherCloud Inc., Digital Guardian Inc., Fasoo, GTB Technologies Inc., Ionic Security Inc., Seclore Inc., Thales eSecurity Inc., Vormetric Inc., Zettaset Inc., Privacera Inc., Collibra Inc.
1. Executive Summary
2. Data-Centric Security Market Report Structure
3. Data-Centric Security Market Trends And Strategies
4. Data-Centric Security Market – Macro Economic Scenario
5. Data-Centric Security Market Size And Growth
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27. Data-Centric Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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