Data Centric Security Market to Grow with a CAGR of 23.66% Globally through to 2028
Data Centric Security market is increasing due to increasing
due to the rising adoption of cloud, IoT and mobile technologies in the
forecast period, 2024-2028.
According to TechSci Research report, “Global Data
Centric Security Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028
Global Data Centric Security market has witnessed
tremendous growth in recent years, reaching a valuation of USD 4.68 billion in
2022. The market is projected to continue its strong upward trajectory, posting
a CAGR of 23.66% from 2024 to 2028.
Global
Data Centric Security market is on a trajectory of strong growth driven by
widespread adoption among enterprises globally. Organizations are increasingly
recognizing the transformational role data centric security can play in
enabling novel capabilities across key functional areas. Data centric security
solutions allow businesses to automate processes, drive insights from data
analytics, enhance cybersecurity posture and improve customer experiences.
Companies are making strategic investments in data
centric security-powered platforms to develop innovative use cases and optimize
operations. Advancements in data centric security technologies such as GPUs,
FPGAs and ASICs have made AI applications more powerful, scalable and
cost-effective. As a result, enterprises are rapidly adopting next-generation
data centric security solutions to gain competitive edge through advanced
analytics tools and productivity enhancements. Adoption is further fueled by
evolving corporate strategies focused on leveraging AI and data centric
security for strategic benefits. Businesses now understand the value these
technologies provide for applications in areas like predictive maintenance,
demand forecasting, fraud detection, personalized marketing and talent
analytics. This shift is propelling rising demand from enterprises looking to
integrate AI throughout their processes.
Continued innovations are also propelling market
growth. Improvements in data centric security architectures, memory bandwidths,
interconnects and programming frameworks have enhanced the capabilities of AI
platforms. Companies can develop robust, data-driven and adaptable AI solutions
optimized for industry-specific needs.
As businesses continue uncovering new potential uses
and values with data centric security, the long term outlook for sustained
robust market expansion remains positive. Data centric security powered
technologies have become critical enablers of digital transformation and
competitive strategies globally. The market is thus poised for strong growth as
adoption accelerates across industries.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "Global Data Centric Security Market.”
Global Data Centric Security market is segmented based
on deployment type, component, end-user industry and region. Based on
deployment type, the market is bifurcated into on-premises and cloud-based
solutions. In 2022, the cloud-based segment dominated with over 60% share due
to advantages like scalability, flexibility and pay-per-use pricing offered by
cloud-based models.
In terms of component, the market is categorized into
software, hardware and services. The software segment captured the major share
of over 70% in 2022 as data centric security software provides capabilities for
data discovery, classification, access control, encryption and monitoring.
End-user industry wise, the market covers retail, IT
& telecom, healthcare, BFSI, manufacturing, and others. Among these, the
BFSI segment held a significant share due to stringent data privacy regulations
for financial institutions and sensitive nature of customer data.
The services segment, which includes consulting,
integration & implementation and support services, is expected to witness
the fastest CAGR during the forecast period. This is owing to the increasing
demand for deployment and integration services with the growing adoption of
data centric security solutions across industries.
Geographically, North America dominated the global
market in 2022, followed by Europe and Asia Pacific. Going forward, Asia
Pacific is projected to be the fastest growing regional market by 2028.
Major companies operating in Global Data Centric
Security Market are:
- Imperva
- ORACLE CORPORATION
- IBM Corporation
- Varonis Systems, Inc
- Micro Focus International plc
- NetApp, Inc
- Seclore Technology Inc.
- Varadharajan Srinivasan
(Anthropic)
- Informatica
- Nvidia Corporation
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“Global Data Centric Security market is experiencing
significant growth worldwide driven by advances in allied technologies and
widespread adoption across enterprises. Breakthroughs in areas such as AI,
analytics, cloud computing and IoT have expanded the capabilities of data
centric security solutions. These platforms can now generate realistic
insights, predictions and personalized recommendations to support diverse
business applications at scale.
Organizations are recognizing data centric security
solutions as strategic tools that can transform beyond being supplementary
technologies. Software solutions are becoming integral to strategic planning
and decision making processes. By collecting and analyzing vast amounts of
employee data, talent management platforms powered by data centric security
allow companies to deeply customize learning, performance management and
experiences for individual employees and teams. This level of personalized
engagement is revolutionizing how businesses develop and engage their
workforce.
Adoption of data centric security solutions is no
longer limited to just large enterprises. Even small and medium enterprises are
investing in these platforms to attract and retain top talent. Vendors continue
to innovate through research and development activities to address the evolving
needs of diverse organizations and industries.
Regulatory bodies are developing frameworks around
data privacy and security to ensure ethical standards are upheld, fostering
healthy competition and allowing innovation to thrive.
Powered by ongoing technological breakthroughs,
growing acceptance of data-driven strategies, and a strong focus on continuous
innovation, the data centric security market is well-positioned for sustained
expansion. As AI and analytics become core capabilities, solutions are
cementing their role as indispensable tools to transform digital experiences
and optimize workforce management across all enterprise sizes and sectors. The
future outlook for the data centric security industry remains very promising.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Data Centric Security Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented
by Deployment Type (On-Premises, Cloud-Based) By Component (Software,
Hardware, Services), By End-User
Industry (Retail, IT and Telecom, Healthcare, Banking, Financial Services, and
Insurance (BFSI), Manufacturing and Industrial, Others), By Region, By Competition”, has evaluated
the future growth potential of Global Data Centric Security Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Data Centric Security Market.
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