Data Centric Security Market Share and Size 2023- Emerging Trends, Growth, Top Key Players, Business Analysis, Scope, Future Opportunities and Forecast Research 2033: SPER Market Research
Data-Centric Security is a method of information security that puts the emphasis on safeguarding the data by putting security measures in place right on the data, regardless of where it resides or the technologies being used to access it. Organisations can reduce internal dangers, hacker threats, and other hostile attacks by using data-centric security. It continually keeps an eye on the transfer of private information. The zero-trust approach used by data-centric models lowers the danger of cyberattacks since users only request privileged access when necessary.
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 Forecast to 2033’ state that the Global Data Centric Security Market is predicted to reach USD 75.18 billion by 2033 with a CAGR of 16.19%.
Organisations are implementing data security methods to detect and stop insider data leakage as insider dangers become more widely recognised. Data centric security is required to safeguard priceless datasets from unauthorised access due to the development of big data and advanced analytics. Data centric security solutions are essential for protecting IoT-generated data because the proliferation of IoT devices has increased the complexity of data protection. The use of AI and ML makes it possible to analyse massive amounts of data efficiently, and data-centric security uses these technologies to spot anomalies and address security issues.
As organisations produce enormous amounts of data kept in many formats, locations, and platforms, data proliferation and diversity pose challenges for data centric security. Security solutions are needed to distinguish between authorised and unauthorised access, monitor user activity, and identify odd behaviour in order to protect against insider threats from authorised personnel. Due to compatibility issues and data migration concerns, integrating data centric security with complex IT environments, including legacy systems and cloud services, can be challenging. Implementation is hampered by financial and resource limitations, particularly for small and medium-sized businesses.
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The Centric Security Software Market has been severely disrupted by the COVID-19 outbreak. Data security issues resulting from the shift to remote work have boosted demand for data-centric security solutions. The need for data-centric security solutions increased as organisations worked to comply with rules like GDPR and prioritised data privacy. Investments in cybersecurity increased as businesses realised how critical data protection was. The pandemic hastened the introduction of zero trust security solutions that emphasise encryption and fine-grained access controls. Data security solutions have become more popular and are being invested in as a result of the rise in data breaches that exposed weaknesses in data-centric security infrastructure.
Geographically, Asia Pacific emerged as the dominant region in the Data Centric Security Industry. In this region, SMEs and organisations are widely implementing data-centric security solutions to safeguard sensitive and important corporate data from cyberthreats, industrial espionage, and data misuse. Furthermore, the projected period anticipates a surge in demand for Data Centric Security due to the presence of majority of the market players and the growing need to ensure data security, superiority, and lineage across businesses. Additionally, some of the market key players are IBM Corporation, McAfee LLC, Oracle Corporation, Dathena Inc., Others.
Global Data Centric Security Market Segmentation:
By Component: Based on the Component, Global Data Centric Security Market is segmented as; Professional Services, Software, Solutions.
By Deployment Mode: Based on the Deployment Mode, Global Data Centric Security Market is segmented as; Cloud, On-premise.
By Organization Size: Based on the Organization Size, Global Data Centric Security Market is segmented as; Large Enterprises, SMEs.
By Vertical: Based on the Vertical, Global Data Centric Security Market is segmented as; BFSI, Government & Defense, Healthcare & Pharmaceuticals, IT & Enterprises, Retail & Consumer Goods, Telecommunication, Others.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and 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 Software Market Future Outlook
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