Data Centric Security Market Overview, Business Growth, Prospects and Opportunities 2025 Focusing on Industry Profit
Technology is a boon as well as bane at the same point. There is no doubt that technology has benefitted individuals, companies, research organizations, governments, and countries at massive level. But at the time it gave birth to some disastrous situations. The amount of data generated through technology is largely useful, but data breaches have also increased at a massive scale. The last couple of years, people across the nations have experienced some life-threatening data breaches related to one’s financial information, privacy, and other similar details. Moreover, growing hacking techniques has resulted in development of advanced data centric security strategies for a seamless flow in our new digital environment.
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What are some of the key elements fueling the global data centric security market?
The main reason behind the development of data centric security is to help organizations in securing most sensitive data rather than protecting IT infrastructure having less important data. The data centric security components include encryption key management, encryption, data discovery and classification of data, data loss prevention, reporting and auditing and others. Moreover, it also helps in protecting sensitive information in the files and databases containing data security centric solutions. It further ensures security by providing cloud-computing security.
Some of the key characteristics of data centric security are data tagging, data loss prevention, encryption strategies, data discovery cloud access, gateways control, cloud access, identity management, and others. Rising use of cloud services has further augmented the demand for data centric security solutions, which has improved the adoption rate of cloud access security broker solutions.
There has been increase in the data breach activities, due to which many times organizations have to compromise sensitive information related to company. Moreover, increasing usage of well-advanced hacking techniques due to which data centric security strategies are becoming the norm in our new digital environment.
Data centric security solutions helps organizations in protecting most focused sensitive data instead of protecting IT infrastructure which includes less important data. The data centric security solutions also helps in protecting sensitive information in the files and databases that contain data security centric solutions and provide security for cloud computing and other. The data centric security components includes encryption, encryption key management, data loss prevention, data discovery and classification of data, reporting & auditing and others.
Data Centric Security Market: Drivers and Challenges
The major factors driving the adoption of Data Centric Security are the key components which includes data tagging, encryption strategies, data loss prevention, gateways control, data discovery cloud access, identity management, cloud access and others. Moreover, rise in the usage of data centric security solutions in cloud, has improved the adoption rate of cloud access security broker solutions.
Complex key management is one of the major challenge faced by users of Data Centric Security Solution. It uses encryption as its tool to protect, but the key management is quite complex and costly which limits the adoption and usage of security certificates. Another challenges faced by organizations while using Data Centric Security solutions are multiple system usage in business processes and development of these multiple system on legacy technologies by using legacy technique.
Data Centric Security Market: Segmentation
- Data Centric Security can be segmented on the basis of solutions such as data protection, data governance and others and on the basis of services such as professional services and other consulting services.
- Data Centric Security can also be segmented on the basis of its end-user industry such as BFSI, Government & Defense, Telecom & IT, Retail & Consumer goods, healthcare, and others.
In November, 2017—Seclore, a data centric security solution provider has entered in to the partnership with Boldon James, a data classification and messaging software provider. With the help of this partnership, Boldon James software will be integrated in rights management solution of Seclore.
November 2017, Vera Introduces Industry’s First Data Security Platform that Protects both Email and Enterprise Content With Simple, Dynamic Encryption and Granular Control. Built on Vera’s powerful data-centric security platform, Vera for Mail makes it easy to protect confidential communications, classify messages, and dynamically change access rights to email in real-time. Designed specifically for the enterprise, Vera for Mail lets employees, external contractors, partners, and third parties automatically encrypt email messages and attachments, control access to sensitive communications, and more confidently collaborate internally and outside the company. With this new product, the Vera Platform is now the only data-centric security solution that can protect all of an enterprise’s confidential content
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In Data Centric Security market there are many players some of them are Oracle, IBM, Nascio, AK Systems Inc., HP, Symantec, Ericsson, Accenture and others.
Presently, North America and Europe is holding the largest market share for Data Centric Security market due to presence of large software providers and market players in these region. Moreover the advantages of using Data Centric Security in BFSI, government and defense industry has encouraged used to adopt this Data Centric Security policy.
Asia –Pacific is also increasingly adopting Data Centric Security technologies with the entry of major & established players.
The report covers exhaustive analysis on:
Data Centric Security Market Segments
- Market Dynamics
- Historical Actual Market Size, 2014 – 2016
- Market Size & Forecast 2017 to 2027
- Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
Regional analysis for Data Centric Security Market includes development in the following regions:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (excluding Japan)
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
- Tailwinds and headwinds molding the market’s trajectory
- Market segments based on products, technology, and applications
- Prospects of each segment
- Overall current and possible future size of the market
- Growth pace of the market
- Competitive landscape and key players’ strategies
The main aim of the report is to:
- Enable key stakeholder’s in the market bet right on it
- Understand the opportunities and pitfalls awaiting them
- Assess the overall growth scope in the near term
- Strategize effectively with respect to production and distribution
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