The report "Data-Centric Security Market by
Component (Solutions (Data Protection, Data Governance, Data Auditing) and
Services (Professional and Managed)), Organization Size, Deployment Type,
Vertical, and Region - Global Forecast to 2022", The data-centric
security market size is expected to grow from USD 2.06 Billion in 2017 to USD
5.83 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.1% during
the forecast period. The demand for data-centric security solutions is expected
to be majorly driven by the stringent compliances and regulations pertaining to
data-centric security. Moreover, data security governanace and exploitation of
trending technologies such as big data, machine learning, and artificial
intelligence are expected to boost the adoption of data-centric security
solutions and services among enterprises.
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Data-Centric Security solutions audit and
protect the data at rest, data in motion, and data in use through various
standards and protocols. To reduce the risk posed by hackers, insider threats,
and other malicious attacks, and to constantly monitor the activity of
sensitive data, enterprises are implementing data-centric security solutions.
The solutions protect mission-critical data in disparate silos, such as databases,
files, and cloud. Some of the capabilities that a data-centric security
solution has are data classification and discovery, privileged access
management, policy management, activity monitoring, auditing, and reporting.
The retail vertical is expected to grow at the
highest rate during the forecast period, due to the need to audit and protect
critical consumer data stored in databases, files, and cloud. The increasing
use of mobile devices, which have a direct access link to a customer’s confidential
information, rise data theft and data loss concerns among retailers. Hence,
retailers are adopting comprehensive data-centric security solutions, as data
risk is present at all levels, from various transactions to the confidentiality
of personal information of customers and employees.
North America is estimated to have the largest market share in
2017, while APAC is projected to be the fastest growing region at the highest
CAGR during the forecast period, as APAC enterprises are deploying data-centric
security solutions at a faster rate. Large enterprises and SMEs in APAC realize
the significance of data-centric security, and are receptive toward adopting
dedicated data-centric security solutions to protect their critical and
sensitive business data from commercial espionage, cyber threats, and misuse of
data for monetary gains of computer hackers.
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Major market vendors providing data-centric security solutions
and services are IBM (US), Imperva (US), Informatica (US), Oracle (US), Varonis
Systems (US), AvePoint (US), BlueTalon (US), Dataguise (US), Datiphy (US),
Micro Focus (UK), NextLabs (US), and Protegrity (US).
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