An approach to security known as “data-centric security” places more emphasis on the data’s dependability than on the safety of servers, networks, or applications. As big data projects gain traction and businesses depend more and more on digital information to run their operations, data-centric security is changing quickly.
According to SPER market research, ‘Data Centric Security Market Size- By Component, By Deployment Mode, By Organization Size, By Vertical-Regional Outlook, Competitive Strategies and Segment Forecasts to 2033 – state that Global Data Centric Security Market is predicted to reach USD 75.18 billion by 2033 with a CAGR of 16.19%.
Government compliances and regulations, an increase in data breach incidents, and the need to find, categorize, secure, and track the most sensitive data throughout its entire lifecycle are driving factors behind the growth of the data-centric security market. Other factors like mandatory data protection regulations, growing awareness about data privacy, and the expanding use of cloud computing and IoT technology.
Organizations are also being forced to give data protection top priority due to the rising number of data breaches and the resulting losses in terms of money and reputation. Security issues are brought about by the growth of employee-owned, unmanaged devices and shadow IT, which makes it challenging to keep an eye on and safeguard sensitive data accessed by these devices. Organizations don’t know enough about data-centric security solutions and their advantages. This presents a significant obstacle for suppliers in the market for data-centric security. Solutions for data-centric security demand a large upfront cost. For small and medium-sized businesses (SMEs), who cannot afford to invest significant sums of money in data security solutions, this is a significant challenge.
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The COVID-19 pandemic has prompted businesses to digitize more quickly and to rely more on remote work, which has raised the need for reliable data security solutions. Remote working and the use of digital technology have changed as a result of the COVID-19 pandemic. Millions of employees are now working remotely for the first time. Businesses must therefore migrate their assets to digital platforms and the cloud while simultaneously implementing the essential security measures, like network and perimeter security. Businesses boosted their security spending and employed data-centric solutions to protect data as a result of the pandemic’s increased number of data breaches. COVID-19 thus has a positive impact on the market. This is expected to drive the global market indirectly in the near future. The growing risk of data breaches, regulatory obligations, and new attack methods are also contributing to the rapid growth of the global market for data-centric security.
Data Centric Security Market Key Players:
Throughout the projected period, North America will hold a dominant market share. Because of the growing number of assaults on governmental organisations, commercial enterprises, vital infrastructure projects, and the general public, there is projected to be a significant need for data security solutions. During the projection period, the Asia-Pacific market is anticipated to develop at the quickest rate of compound annual growth. The growing use of digitalization, AI, machine learning, and the Internet of Things (IoT) in parts of China, South Korea, Australia, and India has produced enormous data assets. Furthermore, Dathena Inc., Egnyte Inc., IBM Corporation, Imperva Inc., Informatica Corporation, and McAfee LLC are a few of the major players in the market.
Our in-depth analysis of the Data Centric Security Market includes the following segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Component:
- Professional Services
- Software
- Solutions
By Deployment Mode:
- Cloud
- On-premise
By Organization Size:
- Large Enterprises
- SMEs
By Vertical:
- BFSI
- Government & Defense
- Healthcare & Pharmaceuticals
- IT & Enterprises
- Retail & Consumer Goods
- Telecommunication
By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Data Centric Security Market Forecast
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Sara Lopes, Business Consultant – U.S.A.
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