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Data-centric Security: Introduction

  • Data-centric security is about securing data where it is stored and handled, rather than focusing on security controls for servers, applications and network infrastructure. Data-centric security also helps organizations to overcome the disengagement between IT security technology and the business strategy objectives by connecting security services directly to the data they completely protect.
  • Data-centric security helps organizations to cut down the inside threats, threats posed by hackers, and other malicious attacks. It continually observes the activity of confidential data. Data-centric models also take a zero-trust approach that reduces cyber risk as the user requests privileged access only when needed.
  • Data-centric security provides many other benefits, such as securing data transmissions, maintaining data integrity and privacy, ensuring compliance, and protecting unauthorized access.
data centric security market size and forecast

Global Data-centric Security Market: Dynamics

Global Data-centric Security Market: Key Drivers

  • Growing demand for data-centric security solutions for cloud-based data security and increasing risks faced by enterprise data due to misuse of big data analytics, artificial intelligence, and machine learning is estimated to drive the data-centric security market during the forecast period.
  • Stringent regulations such as the federal information processing standards, and payment card industry data security standards are encouraging enterprises to implement data-centric security, which is estimated to boost the data-centric security market during the forecast period.
  • The increasing cyber-attacks during the pandemic is a major factor making data-centric security a priority today, and likely to propel the growth of the market in the next few years.
  • Rising data breach cases are expected to create opportunities for the data-centric security market during the forecast period.
  • However, financial concerns of organizations, and lack of awareness about data-centric security solutions is anticipated to hamper the market during the forecast period.
data centric security market dynamics

Impact of COVID-19 on the Global Data-centric Security Market

  • The COVID-19 pandemic has changed remote working principles and use of digital technology. Millions of employees are working from home for the first time and this remote working makes it essential for organizations to shift their assets on to the cloud and digital platforms, while taking proper security measures such as perimeter security, and network security. The number of data breaches is increasing during the pandemic and thus organizations improved their security investments and adopted data-centric solutions to protect the data. Hence, COVID-19 has a positive impact on the data-centric security market. This is projected to indirectly propel the global data-centric security market in the near future.

Asia Pacific to Hold Major Share of the Global Data-centric Security Market

  • In terms of region, the global data-centric security market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • The Asia Pacific region dominated the global data-centric security market with the largest share due to the rapid adoption of encryption technologies and superior data-centric security solutions by emerging economies such as India, China, Japan, Singapore, and Australia. SMEs and businesses in the Asia Pacific region are extensively adopting data-centric security solutions to protect crucial and sensitive business data from cyber threats, commercial espionage, and misuse of data.
  • The data-centric security market in North America is projected to expand at a rapid pace during the forecast period. This can be attributed to the presence of majority of the market players and the growing need to ensure data security, superiority, and lineage across businesses.
data centric security market outlook by region

Global Data-centric Security Market: Competition Landscape

Several local, regional, and global players are active in the data-centric security market with a strong presence. Rapid technological advancements have created significant opportunities in the market. Players in the market are continuously focusing on developing technology advanced solutions for their customers.

Key Players Operating in the Global Data-centric Security Market Include:

  • Broadcom
  • Egnyte
  • Fasoo
  • Forcepoint
  • IBM
  • Informatica
  • Imperva
  • Microfocus
  • NetApp
  • Netwrix
  • NextLabs Inc.
  • Orange Cyberdefense
  • Protegrity
  • Seclore
  • Talend
  • Varonis Systems

Global Data-centric Security Market: Research Scope

Global Data-centric Security Market, by Component

  • Software and Solutions
  • Professional Services

Global Data-centric Security Market, by Deployment Mode

  • On-premise
  • On Cloud

Global Data-centric Security Market, By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Global Data-centric Security Market, by Verticals

  • BFSI
  • Healthcare
  • IT and Enterprises
  • Retail
  • Government and Defense
  • Telecommunication
  • Others

Global Data-centric Security Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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