Data-Centric Security Global Market By Component, By Deployment Mode, By Organization Size, By Vertical, By Region And Segment Forecasts, 2024-2033 | Broadcom Inc., Imperva Inc., NetApp Inc., Google LLC, Informatica

The Data-Centric Security Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Data-Centric Security Global Market Report 2024, 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..

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.

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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

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 report table of contents includes:
1. Executive Summary

2. Data-Centric Security Market Characteristics
3. Data-Centric Security Market Trends And Strategies
4. Data-Centric Security Market – Macro Economic Scenario
5. Global Data-Centric Security Market Size and Growth

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31. Global Data-Centric Security Market Competitive Benchmarking
32. Global Data-Centric Security Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Data-Centric Security Market
34. Data-Centric Security Market Future Outlook and Potential Analysis
35. Appendix

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