Global Data-Centric Security Sales Market Report 2022

Data-Centric Security Market 

The global Ferro Chrome market was valued at US$ 14200 million in 2022 and is anticipated to reach US$ 18370 million by 2029, witnessing a CAGR of 3.7% during the forecast period 2023-2029.

Trends Influencing the Growth of the Global Data-Centric Security Market 

Worldwide, businesses are moving toward digitization and keeping all of their data on cloud-based or on-premises platforms. Both large-scale and small-scale businesses must safeguard their sensitive data in the cloud, creating enormous development prospects for the data-centric security market. At the database, operating, and application levels, access controls, user authentication, and encryption are used to secure the data.

Data protection legislation and strict regulations have been created by federal agencies. The regulations specify exactly how the data must be used. For the purpose of assuring the secure gathering, storing, and alteration of information, compliance measures have been put in place. The market for data-centric security will rise as a result. For instance, a DCAP (Data-Centric Audit and Protection Solution) summarizes data from several platforms and keeps an eye out for suspicious activity in accounts. The outcomes are shown on a single dashboard, and ML models react to out-of-the-ordinary events by sounding warnings in accordance with pre-defined threshold criteria. This paints a precise picture of who, what, where, and when modifications to secret information are being made.

Access control solutions are being introduced by businesses to confirm user identities before to accessing any crucial resource, tool, or file. In the upcoming years, this will increase demand for the data-centric security market. Better encryption is used for file transfers between networks than with regular FTP or HTTPS. Employees cannot transport data beyond of their network's bounds without setting off alarms or triggering strict responses, therefore multiple layers of defense are built.

Enterprises are being forced to install DLP solutions and make investments in data protection infrastructure due to the trend of serious cyberattack cases. The market for data-centric security is expanding as a result of the increasing number of data breaches. A DLP system monitors outbound traffic and endpoint connectivity to stop sensitive data from escaping secured networks. Accordingly, the software will either warn or block the user.

Due to the widespread adoption of work-from-home rules and the change toward digitization brought on by the COVID 19 pandemic, there has been an increase in cyberattacks. Maintaining company continuity requires a leakage prevention program, risk monitoring at physical and digital access points, and the existence of top-notch security technology.

Data-Centric Security Market Share

Based on application, Due to the digital storage of patient data and personal health information, the healthcare sector will have the fastest growth in the data-centric security market share. Due to the deployment of regulatory compliances like HIPAA, protecting internal healthcare data is crucial. By offering digital signatures, cutting-edge network gateways, and databases, sensitive data is protected. To combat the theft of medical records, this is crucial.

Based on region, Due to the growing internet usage and growing vulnerability of connected devices, Asia-Pacific will be the most profitable region. Government officials are advising businesses to spend money on data-centric solutions to reduce the danger of ransomware attacks.. 

By Type

• Professional
• Managed

By Application

• BFSI
• IT and Telecommunications
• Retail
• Government and Public Sector
• Healthcare
• Others

By Region

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Other Regions

By Region

• IBM (US)
• Imperva (US)
• Informatica (US)
• Oracle (US)
• Varonis Systems (US)
• AvePoint (US)
• BlueTalon (US)
• Dataguise (US)
• Datiphy (US)
• Micro Focus (UK)
• NextLabs (US)
• Protegrity (US)

Scope of Data-Centric Security Market Report