The Asia Pacific Data-centric Security Market would witness market growth of 22.9% CAGR during the forecast period (2021-2027).
Companies produce a massive amount of data in structured, semi-structured, and unstructured formats. Therefore, they are constantly moving to digitalization and are directing towards data-centric security. Data-centric security solution offers an exhaustive method to safeguard companies’ data compliance and privacy. These solutions can be implemented to data at rest, data in transit, and data in use and can include various processes, like data classification and discovery, data protection with the help of encryption, tokenization, and masking, and data governance and compliance. These solutions focused on privacy and security of data instead of the security of networks, endpoints, and applications. Moreover, the increasing occurrences of cyberattacks are making data-centric security solutions a crucial component in the companies to safeguard mission-critical data. The global data-centric security market is currently in a developmental phase and would witness lucrative growth opportunities due to the growing concerns of data security among end-users.
Factors like the strict compliances and regulations related to data-centric security are estimated to augment the demand for data-centric security solutions. Additionally, the growth of the market would witness bright prospects due to the factors such as data security governance and utilization of advanced technologies like machine learning, big data, and artificial intelligence.
The China market dominated the Asia Pacific Cloud Data-centric Security Market by Country 2020, and would continue to be a dominant market till 2027. The Japan market is showcasing a CAGR of 23.5% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 25% during (2021 - 2027).
The BFSI market dominated the South Korea Data-centric Security Market by End User 2020, thereby, achieving a market value of $93.4 million by 2027. The Government & Defense market is estimated to grow at a CAGR of 25.5% during (2021 - 2027). The IT & Telecom market is showcasing a CAGR of 23% during (2021 - 2027). Additionally, The Healthcare market is exhibiting highest CAGR of 26.2% during (2021 - 2027).
Based on Component, the market is segmented into Software & Solutions and Services. Software & Solutions market is further categorized into Data Discovery & Classification, Data Protection, Data Governance & Compliance and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Consumer Goods & Retail and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Broadcom, Inc., Micro Focus International PLC, Orange S.A., NetApp, Inc., Informatica, LLC, Talend S.A., Netwrix Corporation, Forcepoint LLC (Francisco Partners), and Infogix, Inc. (Thoma Bravo LLC)
Scope of the Study
Market Segments covered in the Report:
• Software & Solutions
o Data Discovery & Classification
o Data Protection
o Data Governance & Compliance
By Deployment Type
By Enterprise Size
• Large Enterprises
• Small & Medium Enterprises
By End User
• Government & Defense
• IT & Telecom
• Consumer Goods & Retail
• South Korea
• Rest of Asia Pacific
• IBM Corporation
• Broadcom, Inc.
• Micro Focus International PLC
• Orange S.A.
• NetApp, Inc.
• Informatica, LLC
• Talend S.A.
• Netwrix Corporation
• Forcepoint LLC (Francisco Partners)
• Infogix, Inc. (Thoma Bravo LLC)
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