1. What is the projected Compound Annual Growth Rate (CAGR) of the Data-Centric Security Market?
The projected CAGR is approximately 16.6%.
Data-Centric Security Market by Component (Software, Solutions, Professional Services), by Solutions (Data Protection, Data Privacy, Cyber Security), by Enterprises (Large, Medium, Small), by End-User (IT, Enterprises, Telecommunication, Government, BFSI), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Data-Centric Security Market size was valued at USD 13.8 billion in 2023 and is projected to reach USD 62.2 billion by 2032, exhibiting a CAGR of 16.6 % during the forecast period. The data center security market deals with protecting data at its center thus extending its protection regardless of where the data is stored or in any format. This is a shift away from relying on network perimeters or endpoints for protection of the data. For data-centric security solutions that entail encryption, tokenization, and access controls to protect data in use, in motion, and at rest. It applies in fields like financial, health, and government institutions where information security is vital. Some of the notable uses are in meeting legal requirements such as GDPR and HIPAA, protecting cloud data storage, and countering data theft. The current trends that are being witnessed include the use of AI for threat detection, the incorporation of DLP, and the use of zero-trust models. As cyber risks rise and data breaches remain a constant threat, the market for data-centric security solutions remains competitive and dynamic.
Component:
Solutions:
Enterprises:
End-User:
The data-centric security market is expected to witness significant growth due to the increasing importance of data protection and privacy. This market presents opportunities for vendors to offer innovative solutions that address the evolving security challenges and meet regulatory requirements.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 16.6% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 16.6%.
Key companies in the market include The major companies in the global data-centric security market report include NetApp, Broadcom, Microfocus, Netwrix, Seclore, HelpSystem, Nextlabs, Lepide, Nucleus Cyber, Varonis System, Orange Cyber Defense, Dathena, Imperva, Talend and others..
The market segments include Component, Solutions, Enterprises, End-User.
The market size is estimated to be USD 13.8 USD million as of 2022.
Increasing Adoption of Cloud-based Managed Services to Drive Market Growth.
Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.
Misuse of Virtual Currency and Security Attacks Confines the Adoption of Cryptocurrencies.
Strategic partnerships and acquisitions for technology advancements Growing investments in research and development
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The market size is provided in terms of value, measured in USD million.
Yes, the market keyword associated with the report is "Data-Centric Security Market," which aids in identifying and referencing the specific market segment covered.
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