The data-centric security market in Asia Pacific is expected to grow from US$ 1,089.91 million in 2022 to US$ 4,332.71 million by 2028. It is estimated to grow at a CAGR of 25.9% from 2022 to 2028.
Most big data experts agree that the generated data will grow exponentially during the forecast period.
Most big data experts agree that the generated data will grow exponentially during the forecast period.
- Based on research from Seagate's Data Age 2025 report, the world's data sphere will reach 175 zettabytes by 2025. This growth is attributed to the enormous increase in people working, studying, and amusing themselves from home. Hence, securing these data will be the companies' primary objective, as data-driven business models will be widely adopted in the future. Hence, such a transition is anticipated to create lucrative opportunities for the data-centric-security vendors over the forecast period. Furthermore, the IT infrastructure is anticipated to become more complicated and heterogeneous due to the introduction of new platforms, bring your own device (BYOD) regulations, choose your own device (CYOD) trends, business apps, and other technologies. The BYOD and CYOD trends are becoming more and more common in business settings due to the quick improvements in mobile computing. Through mobile devices, employees may access organizational data from anywhere, at any time, thanks to these developments, which also boost employee productivity to protect organizational data from potential hazards and maintain its confidentiality and integrity.
- Based on the Bitglass survey, 69% of respondents said their organizations allow employees to use personal devices for work while allowing contractors, partners, customers, and suppliers. However, several companies fail to maintain security due to the unsuccessful incorporation of new devices into the existing security infrastructure.
- Based on the report by Software Guild, 72% of organizations have no plans to secure BYOD devices. Hence, such factors will likely create mammoth opportunities for the data-centric- security market players.
Market Overview
The data-centric security market in APAC is sub-segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. The adoption of cybersecurity solutions will likely grow with the increasing internet penetration in developing and developed countries. In addition, expanding wireless networks to mobile devices has increased the vulnerability to data attacks, making cybersecurity an essential and indispensable part of every organization. Many emerging countries, such as India, China, Singapore, and Japan, face increasing cybersecurity problems. India has rapidly increased cybercrime records, ranking fifth in total domain name system (DNS) intrusions. According to Gemalto, India accounts for 37% of the global breaches in compromised or stolen records. Increasing awareness among enterprises of the importance of saving money and resources by moving their data to the cloud rather than maintaining and creating new data storage drives the demand for cloud-based solutions, increasing the adoption of on-demand security services. Due to these advantages, large enterprises and SMEs are gradually adopting cloud-based data security solutions. Over the next few years, cloud ecosystems and platforms are set to serve as the launchpads for an explosion in the speed and scale of digital innovation.Asia Pacific Data-Centric Security Market Segmentation
The Asia Pacific data-centric security market is segmented into component, deployment mode, organization size, verticals, and country.- Based on component, the market is bifurcated into solution and service. The service segment is expected to register the larger market share in 2022.
- Based on deployment mode, the Asia Pacific data-centric-security market is segmented into cloud-based and on-premises. The cloud-based segment is projected to hold a larger market share in 2022. On the basis of organization size, the data-centric security market is segmented into small and medium enterprises and large enterprises. In 2022, the large enterprises is expected to hold the largest market share.
- Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022. Broadcom Corporation, Forcepoint, IBM Corporation, Informatica Corporation, Micro Focus, NetApp, Orange Cyberdefense, Talend, and Varonis are the leading companies operating in the data-centric security market in the region.
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Data-Centric Security - Market Landscape
5. APAC Data-Centric Security Market - Market Dynamics
6. Data-Centric Security Market - APAC Analysis
7. APAC Data-Centric Security Market Analysis - By Component
8. APAC Data-Centric Security Market Analysis - By Deployment Mode
9. APAC Data-Centric Security Market Analysis - By Organization Size
10. APAC Data-Centric Security Market Analysis - By Verticals
11. APAC Data-Centric Security Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
- Broadcom Corporation
- Forcepoint
- Ibm Corporation
- Informatica Corporation
- Micro Focus
- Netapp
- Orange Cyberdefense
- Talend
- Varonis
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | November 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( $ | $ 1089.91 Million |
| Forecasted Market Value ( $ | $ 4332.71 Million |
| Compound Annual Growth Rate | 25.9% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 9 |
