What is Data Centric Security Software?
Data centric security software protects data rather than the infrastructure or application that stores or accesses it. This approach differs from traditional network (or perimeter-centric) security, which focuses on protecting data where it is accessed or stored, such as on servers, networks, applications, and devices. The software can be used to implement a zero-trust security model and secure data in complex IT environments, such as cloud environments. Data-centric security solutions are used by businesses to protect data that moves between locations, such as on-premises to cloud storage, between multiple applications, or to third parties. Data-centric security is a security approach that focuses on the dependability of data rather than the security of networks, servers, or applications. Data-centric security is rapidly evolving as businesses increasingly rely on digital information to run their operations and big data projects become more common. Data-centric security also enables organizations to bridge the gap between IT security technology and business strategy objectives by directly linking security services to the data they implicitly protect, a relationship that is frequently obscured by the presentation of security as an end in itself.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Egnyte (United States), Google VPC Service Controls (United States), Azure Information Protection (United States), Virtru (United States), Sophos SafeGuard Encryption (United Kingdom), Netwrix Auditor (United States), StealthAUDIT Management Platform (United States), iManage Records Manager (United States), FileAudit (Canada) and Varonis (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Reader, Contributor and Owner) , by application (Large Enterprises and Small & Medium Enterprises) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Data Centric Security Software market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Data Centric Security Software market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Egnyte (United States), Google VPC Service Controls (United States), Azure Information Protection (United States), Virtru (United States), Sophos SafeGuard Encryption (United Kingdom), Netwrix Auditor (United States), StealthAUDIT Management Platform (United States), iManage Records Manager (United States), FileAudit (Canada) and Varonis (United States).
Market Overview:
In April 2019,Microsoft, made an announcement that marked a significant shift in their approach to best protect sensitive data with Azure Information Protection (AIP). The announcement validates that now is the time for enterprises to embrace data-centric security solutions in the fight to protect data from hackers and inside threats that continue to plague enterprises worldwide.
Enterprises and governments are threatened by potential data breaches and thefts, which, if successful, can harm large organizations and their customers. Individual consumer rights are increasingly being emphasized in data privacy regulations, with the General Data Protection Regulation (GDPR) raising the bar for how organizations worldwide treat sensitive personal data. Business leaders and CISOs are now tasked with reducing data exposure by implementing effective solutions.
Several local, regional, and global players have a strong presence in the data-centric security market. Rapid technological advancements have created numerous market opportunities. Market participants are constantly focusing on developing technologically advanced solutions for their clients.
Influencing Trend:
Adoption of Data-Centric Security Solutions is driven by Stringent Regulations and Rapidly Expanding IoT to Propel the Growth of the Data-Centric Security Software Market
Market Growth Drivers:
Rising Demand for Data-Centric Security Software and Cloud-Based Data Security Solutions and Growing Threat to Enterprise Data Is Driving the Adoption of Data-Centric Security Software
Challenges:
Budgetary Concerns of Data Centric Security Software Enterprises and Lack of Awareness of Data-Centric Security Software
Restraints:
Traffic Growls When Using Mobile Devices and Tolerance of an Organization for Security Breaches Caused by Internal Vulnerabilities
Opportunities:
Increase in Data Breach Opportunities for Data-Centric Security software Vendors and Adoption during the Industrial Revolution
Key highlights of the Global Data Centric Security Software market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Data Centric Security Software market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Data Centric Security Software market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Data Centric Security Software Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data Centric Security Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Data Centric Security Software market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Data Centric Security Software Suppliers & Distributors, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.