Europe Data Centric Security Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 4.4 Billion by 2030, growing at a CAGR of 15.2% from 2024 to 2030.
The European data-centric security market is experiencing rapid growth, driven by the increasing need for organizations to protect sensitive information amidst rising cyber threats and stringent regulatory requirements. In 2022, the market was valued at approximately US$1.34 billion and is projected to reach US$4.68 billion by 2028, reflecting a compound annual growth rate (CAGR) of 23.2%. citeturn0search0
Data-centric security focuses on safeguarding data itself, rather than solely relying on perimeter defenses. This approach involves identifying, classifying, and monitoring sensitive data throughout its lifecycle to prevent unauthorized access and breaches. The surge in data breaches and cyber-attacks has heightened the importance of this security model across various sectors, including healthcare, finance, and manufacturing. citeturn0search2
Several factors contribute to the robust demand for data-centric security solutions in Europe:
Regulatory Compliance: Stringent data protection laws, such as the General Data Protection Regulation (GDPR), require organizations to implement comprehensive data security measures to avoid hefty fines and reputational damage.
Cloud Adoption: The shift towards cloud services has expanded the data perimeter, necessitating advanced security solutions to protect data stored and processed off-premises. citeturn0search4
Advanced Threats: The sophistication of cyber threats demands proactive security strategies that focus on data integrity and confidentiality, beyond traditional network defenses. citeturn0search11
Key players in the European data-centric security market include Broadcom Corporation, Forcepoint, IBM Corporation, and Imperva, among others. citeturn0search0 These companies offer a range of solutions, from data loss prevention to encryption and access controls, catering to the diverse needs of European industries.
Industries are increasingly recognizing the necessity of integrating data-centric security measures into their operations. This shift is not merely about compliance but also about building trust with customers and stakeholders by demonstrating a commitment to protecting sensitive information. As data continues to be a critical asset, investing in robust data-centric security strategies is essential for organizations aiming to thrive in the digital age.
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Oracle
IBM
Nascio
AK Systems
HP
Symantec
Ericsson
Accenture
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Data Centric Security Market
On-Premises
Cloud-Based
Hybrid
Data Encryption
Data Masking
Data Loss Prevention (DLP)
Access Control
Tokenization
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Retail
Telecommunications
Government
Education
Energy & Utilities
Small and Medium Enterprises (SMEs)
Large Enterprises
Network Security
Endpoint Security
Cloud Security
Application Security
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Data Centric Security Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Data Centric Security Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Data Centric Security Market, By Type
6. Europe Data Centric Security Market, By Application
7. Europe Data Centric Security Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Data Centric Security Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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