The North America Data-centric Security Market would witness market growth of 19.2% CAGR during the forecast period (2021-2027). Global companies are more vulnerable to potential cyber-threats with the increasing deployment of digitalization among businesses and rising BYOD trends.
Many companies are not able to be safe from cyberattacks in spite of deploying reliable security measures. Thus, companies are looking for robust data security measures and strategies. The data-centric security consists of inclusive strategies such as cloud access, data loss prevention, data classification, superior gateway controls, encryption strategies, data tagging & watermarking.
There is still consumption of IT security resources by network and device protection, but they are getting less efficient at safeguarding companies from cyber threats. Data breaches have now become a daily norm, making companies, government agencies, and consumers to suffer huge financial losses. In the upcoming years, perimeter breaches will become very prevalent, as data volumes continue to expand and IT infrastructure continues to evolve as compared to conventional network-based models. In the modern digital environment, data-centric security is the only feasible alternative for maintaining the safety of confidential information.
The US market dominated the North America Data-centric Security Data Governance & Compliance Market by Country 2020, and would continue to be a dominant market till 2027. The Canada market is exhibiting a CAGR of 21.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 20.5% during (2021 - 2027).
The On-premise market dominated the Canada Data-centric Security Market by Deployment Type 2020, thereby, achieving a market value of $374 million by 2027. The Cloud market is expected to witness highest CAGR of 23.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Data-centric Security Market is Estimated to Reach USD 13 Billion by 2027 at a CAGR of 20.8%
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)
By Component
By Deployment Type
By Enterprise Size
By End User
By Country
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