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At 24.2% CAGR, Data-Centric Security Market Size Worth $16.51Bn by 2028 | The Insight Partners

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The Insight Partners

25 Aug, 2022, 11:30 GMT

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NEW YORK, Aug. 25, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Data-Centric Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Service), Deployment Mode (On Premise and Cloud based), Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), and Verticals (IT and Telecommunication, BFSI, Government and Defense, Healthcare and Pharmaceutical, and Others)", the global data-centric security market size is projected to reach $16.51 billion by 2028 from $4.51 billion in 2022; it is expected to grow at a CAGR of 24.2% from 2022 to 2028.

Download PDF Brochure of Data-Centric Security Market Size - COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPRE00022414/

Data-Centric Security Market Report Scope & Strategic Insights:

Report Coverage

Details

Market Size Value in

US$ 4.51 Billion in 2022

Market Size Value by

US$ 16.51 Billion by 2028

Growth rate

CAGR of 24.2% from 2022 to 2028

Forecast Period

2022-2028

Base Year

2022

No. of Pages

198

No. Tables

115

No. of Charts & Figures

90

Historical data available

Yes

Segments covered

Component, Deployment Mode, Organization Size, and Verticals

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Data-Centric Security Market: Competitive Landscape and Key Developments

IBM Corporation; Broadcom Inc.; Informatica; Micro Focus International plc; NetApp, Inc.; Imperva; Forcepoint; Orange Cyberdefense; Talend; and Varonis Systems are among the key players profiled in the Data-Centric Security market report. In addition, several other essential Data-Centric Security market players were studied and analyzed to get a holistic view of the Data-Centric Security market and its ecosystem. The report provides detailed market insights, which help the key players to strategize their growth.

Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00022414/

In 2022, Informatica Corporation announced a partnership with Oracle. Oracle and Informatica have combined the Oracle autonomous database, Oracle Exadata Database Service, and Oracle Object Storage with Informatica's Intelligent Data Management Cloud through this endeavor. This new alliance will enable streamlined OCI migrations and improved data governance capabilities on OCI and IDMC.

In 2022, HCL Technologies partnered with IBM Security. Through the use of a modernized security operation center (SOC) platform, this collaboration intends to unify and streamline the threat management process for clients. HCL's Cybersecurity Fusion Centers aims to provide a unified security platform that connects security teams, tools, and procedures throughout the threat lifecycle by utilizing IBM's Cloud Pak for Security.

Standardization of Data Protection Rules Propels Data-Centric Security Market Growth:

Data protection rules and regulations changed over the decade owing to the incorporation of smart technologies and new working models among the companies. Several news reforms and infrastructure are demanding modern techniques of data protection. For instance, regulations such as the California Consumer Privacy Act (CCPA) and the EU General Data Protection Regulation (GDPR) require organizations to take a more data-centric approach to security.

Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00022414

Organizations must not only focus on protecting data at different layers of technology but also take care to protect data throughout its lifecycle, from initial ingestion to final disposal. Furthermore, more economies worldwide are enacting strict data protection laws with the extraterritorial application. For instance, in November 2020, the Canadian government introduced the Digital Charter Implementation Act legislation that would change privacy policies. The Directive acts to enact consumer privacy laws and personal information and data protection statutes and to make consequential and related changes to other laws. The intent and purpose of the law are consistent with certain provisions of the GDPR.

Similarly, the Swiss Data Protection Act (DSG) was revised in September 2020 (revFADP) to include stricter provisions focused on protecting the privacy rights of personal data during processing. It is expected to enter into force in 2022. Moreover, International economic organizations such as the Organization for Economic Co-operation and Development (OECD), the Asia-Pacific Economic Cooperation (APEC) Forum, and the African Union (AU) developed their privacy policies regarding cross-border transfers of personal data.

These policies help create international privacy and data protection standards to facilitate international trade but may be less stringent than the domestic laws of participating countries. Additionally, some new provisions are very similar to their GDPR counterparts. These include the right to be forgotten, the right to data portability, the requirement for periodic Data Protection Impact Assessments (DPIA), and reporting obligations in the event of a breach. Thus, the growing stringent rules pushed organizations towards more data-centric security approaches, driving the market growth.

Get Discount on "Data-Centric Security Market" Research Study: https://www.theinsightpartners.com/discount/TIPRE00022414/

Cyberattacks on new and quickly built remote access and teleworking infrastructure have grown in North America after the COVID-19 outbreak. In 2021, the US Department of Homeland Security (DHS) Cybersecurity and the Infrastructure Security Agency (CISA) reported that they are witnessing a sharp increase in phishing and malware distribution using COVID-19-themed mails and the registration of new domain names with COVID-19-related terms. Furthermore, VMware's Global Security Insights Report showed that most Canadian businesses faced cyberattacks in 2020 as more employees worked from home. As a result, many security leaders are looking for ways to improve their cybersecurity policies and technologies to combat emerging cyber threats.

According to VMware's report, 86% of Canadian organizations were breached in 2020, 78% reported an increase in cyberattack volume, and 79% reported cyberattacks became more accurate and specific. Hence, more companies are focusing on the cybersecurity infrastructure, which has created many opportunities for data-centric security players in the region. Hence, the COVID-19 pandemic boosted the growth of the North American data-centric security market.

Data-Centric Security Market: Industry Overview

The Data-Centric Security market is analyzed on the basis of component, deployment mode, organization size, verticals, and geography. The data-centric security market analysis by component, the market is segmented into solution and service. The data-centric security market analysis by deployment mode, the market is segmented into on premise and cloud based. By organization size, the market is segmented into small and medium enterprises (SMEs) and large enterprises.

Based on vertical, the market is segmented into IT and telecommunication, BFSI, healthcare and pharmaceutical, government and defense, and others. Based on geography, the market is divided into 5 regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North American data-centric security market is spread across the US, Canada, and Mexico. The region invests heavily in data security solutions to prevent intellectual property theft and compromise systems that monitor and control the country's defense systems and capabilities.

Buy Premium Copy of Data-Centric Security Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00022414/ 

To keep pace with modern defense advancements, countries like the United States have developed new technologies, such as unmanned vehicles, hypersonic weapons, etc. These advancements rely heavily on data and connectivity, making them vulnerable to breaches and attacks. The adoption of data-centric security solutions is likely to grow with the increasing internet penetration in the region. In addition, expanding wireless networks for mobile devices has increased data vulnerability, making data security an essential and integral part of every regional organization. As a result, there is a growing necessity for the region to focus on developing countermeasures to protect critical information. The US federal government is in a unified effort to launch one of the largest federal change initiatives, accelerating the adoption of data-centric securities that help drive data-centric security market growth.

Browse Adjoining Reports:

Cognitive Data Management Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Solution (Data Integration & Migration, Data Governance & Quality, Data Security, and Others); Deployment Mode (On-Premise and Cloud); and Industry Vertical (Banking, Financial Services, and Insurance, Government and Legal services, IT and Telecom, Manufacturing, and Healthcare & Pharmaceutical)

Multi-Cloud Management Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Software, Services); Deployment Model (Public, Private, Hybrid); Application (Data Security and Risk Management, Migration and Integration, Monitoring and Access Management, Cloud Automation, Infrastructure and Resource Management, Others); and Industry Vertical (BFSI, Retail, Media and Entertainment, Healthcare, Defense, Energy, Others)

Big Data Security Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Deployment Type (On-Premise, Cloud); Component (Software, Services); Technology (Identity and Access Management, Intrusion Detection System/Intrusion Prevention System, Security Information and Event Management, Unified Threat Management, Others); End user (BFSI, IT and Telecom, Retail, Healthcare, Manufacturing, Aerospace and Defense, Others) and Geography

Enterprise Database Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Software (Data Integration, Data Migration, Data Warehousing, Data Security, Others); Service (Support and Training Services, Maintenance and Operation Services, Consulting Service); Deployment Type (Cloud, On-Premise); Industry Vertical (Government, BFSI, Retail, Healthcare, IT and Telecom, Manufacturing, Energy and Utilities, Transportation and Logistics) and Geography

Zero-Trust Security Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Solution Type (Data Security, Endpoint Security, API Security, Security Analytics, Security Policy Management, Others); Deployment Type (On-Premises, Cloud); Authentication Type (Single-Factor Authentication, Multi-Factor Authentication); Organization Size (Small and Medium-Sized Enterprises, Large Enterprises); Vertical (BFSI, IT and Telecommunications, Government and Defense, Retail and Ecommerce, Healthcare, Energy and Power, Others) and Geography

BYOD Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Device Type (Laptop, Smartphone, Tablet); Solution (Mobile Device Management (MDM), Mobile Application Management (MAM), Mobile Content Management (MCM), Mobile Identity Management (MIM)); Software (Mobile Data Security, Mobile Device Security, Network Security); Enterprise Size (Small and Medium-Size Enterprises, Large Enterprises) and Geography

Blockchain AI Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (ML, NLP, Context-Aware Computing, Computer Vision); Component (Platform/Tools, Services); Enterprise Size (Large Enterprises, SMEs); Application (Smart Contracts , Data Security, Data Sharing/Communication, Asset Tracking and Management, Logistics and Supply Chain Management, Business Process Optimization, Payment and Settlement , Others); End-user (BFSI, Telecom and IT, Healthcare and Life science, Manufacturing, Media and Entertainment, Automotive, Others) and Geography

Security System Integrator Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Security Type (Application Security, Endpoint Security, Network Security, Data Security, Risk and Compliance Management, Business Continuity and Disaster Recovery); Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises); Industry Vertical (Aerospace and Defense, Government, BFSI, IT and Telecom, Healthcare, Retail, Manufacturing, Energy and Utilities, Others) and Geography

Deception Technology Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Solution, Services); Deception Stack (Application Security, Endpoint Security, Network Security, Data Security); Deployment (On-Premise, Cloud); Industry Vertical (BFSI, Energy and Utility, Healthcare, Government, Manufacturing, Retail, IT and Telecom, Others) and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/data-centric-security-market

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg

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