PUBLISHER: Orion Market Research | PRODUCT CODE: 1159306
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159306
Global Data-Centric Security Market Size, Share & Trends Analysis Report by Software and Solutions (Data Discovery & Classification, Data Protection, Data Governance & Compliance, and Others), by Deployment Mode (On-Premises and Cloud-Based), by Organization Size (Small-Medium Size Enterprises and Large Enterprises), and by Verticals (BFSI, Government & Defense, Healthcare & Pharmaceuticals, IT & Enterprises, and Telecommunication) Forecast (2022-2028)
The global data-centric security market is anticipated to grow at a substantial CAGR of 23.6% during the forecast period. The major factor propelling the growth of the global data-centric security market is technological advancements in devices which are much smarter compared to conventional and heavy devices. Quick advancements in manufacturing, electronics, and IT sectors across the globe are acquiring traction from consumers which in turn intensified the demand for internet of things (IoT). For instance, in December 2021, AT&T Laboratories released guide to evolve existing data-centric security of the organization. The laboratory launched updated and advanced data centric security equipped with zero-trust-network-access (ZTNA). The older security models focused on network infrastructure and hardware security controls. Furthermore, increasing usage of internet along with growing penetration of smart phone utilizers around the world is one of the prime factors behind the growth of this industry.
The global data-centric security market is segmented based on the software & solutions, deployment mode, organization size and verticals. Based on the software & solution the market is segmented into data discovery & classification, data protection, data governance & compliance, and others. Based on the deployment mode, the market is sub-segmented into the on-premises and cloud-based. Based on the organization size, the market is sub-segmented into the small-medium size enterprises and large enterprises. Based on the verticals, the market is sub-segmented into the BFSI, government & defense, healthcare & pharmaceuticals, IT & enterprises, and telecommunication. Among these, the large enterprise segment is anticipated to hold a prominent share in the global data-centric security market as it supports large organizations to cut down the internal threats, created by hackers and other malicious attackers. It continually detects the activity of confidential data.
Geographically the global data-centric security market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these, the Asia-Pacific region is expected to grow at a significant pace over the forecast period, due to the growing awareness about data protection technology among the population of the region. Furthermore, the rising adoption of cloud and data-centric security software in sectors including retail and healthcare is further anticipated to accelerate the growth of the regional data-centric security market during the forecast period. For instance, in March 2022, Nutanix announced to adopt Multicloud completely by the end of 2022. The company is in the early stage of the adoption.
The major companies serving the global data-centric security market include Atlan Technologies Pvt. Ltd., Broadcom Inc., Concentric Software, Inc., Fasoo services, Forcepoint LLC, Egnyte, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2021, Varonis Systems, Inc. adopted DatAdvantage Cloud. It is a solution that prioritizes security risk across SaaS applications and cloud data repositories. It now assists more cloud applications and infrastructure.
Research Methodology
The market study of the global data-centric security market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: