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.

Increase in Data and Bring Your Own Device (BYOD) Policies

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 Revenue and Forecast to 2028 (US$ Million)

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.

In terms of verticals, the Asia Pacific data-centric-security market is categorized into government and defense, healthcare & pharmaceuticals, IT and telecommunication, BFSI, and others. The IT and telecommunication segment is projected to hold the largest market share in 2022.

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
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Data-Centric Security Market – By Component
1.3.2 APAC Data-Centric Security Market – By Deployment Mode
1.3.3 APAC Data-Centric Security Market – By Organization Size
1.3.4 APAC Data-Centric Security Market – By Verticals
1.3.5 APAC Data-Centric Security Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Data-Centric Security – Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC Data-Centric Security Market – Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Emphasis on Data-Centric Security Model by Enterprises
5.1.2 Standardization of Data Protection Rules
5.2 Key Market Restraints
5.2.1 Concerns Regarding the Adoption of Cloud-Based Security Solutions
5.3 Key Market Opportunities
5.3.1 Increase in Data and Bring Your Own Device (BYOD) Policies
5.4 Future Trends
5.4.1 Incorporation of Artificial Intelligence (AI) and Multi-Cloud Strategy
5.5 Impact Analysis of Drivers and Restraints
6. Data-Centric Security Market – APAC Analysis
6.1 Overview
6.2 APAC Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
7. APAC Data-Centric Security Market Analysis – By Component
7.1 Overview
7.2 APAC Data-Centric Security Market Breakdown, by Component, 2021 & 2028
7.3 Solution
7.3.1 Overview
7.3.2 Solution Market Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Data-Centric Security Market Analysis – By Deployment Mode
8.1 Overview
8.2 APAC Data-Centric Security Market Breakdown, by Deployment Mode, 2021 & 2028
8.3 On Premise
8.3.1 Overview
8.3.2 On Premise Market Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud based
8.4.1 Overview
8.4.2 Cloud based Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Data-Centric Security Market Analysis – By Organization Size
9.1 Overview
9.2 APAC Data-Centric Security Market Breakdown, by Organization Size, 2021 & 2028
9.3 Small and Medium Enterprises
9.3.1 Overview
9.3.2 Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
10. APAC Data-Centric Security Market Analysis – By Verticals
10.1 Overview
10.2 APAC Data-Centric Security Market Breakdown, By Verticals, 2021 & 2028
10.3 IT and Telecommunication
10.3.1 Overview
10.3.2 IT and Telecommunication Market Revenue and Forecast to 2028 (US$ Million)
10.4 BFSI
10.4.1 Overview
10.4.2 BFSI Market Revenue and Forecast to 2028 (US$ Million)
10.5 Healthcare and Pharmaceutical
10.5.1 Overview
10.5.2 Healthcare and Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
10.6 Government and Defense
10.6.1 Overview
10.6.2 Government and Defense Market Revenue and Forecast to 2028 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others Market Revenue and Forecast to 2028 (US$ Million)
11. APAC Data-Centric Security Market – Country Analysis
11.1 Overview
11.1.1 APAC: Data-Centric Security Market, by Key Country
11.1.1.1 Australia: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Australia Data-Centric Security Market Breakdown, By Component
11.1.1.1.2 Australia Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.1.3 Australia Data-Centric Security Market Breakdown, By Organization Size
11.1.1.1.4 Australia Data-Centric Security Market Breakdown, By Verticals
11.1.1.2 China: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China Data-Centric Security Market Breakdown, By Component
11.1.1.2.2 China Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.2.3 China Data-Centric Security Market Breakdown, By Organization Size
11.1.1.2.4 China Data-Centric Security Market Breakdown, By Verticals
11.1.1.3 India: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 India Data-Centric Security Market Breakdown, By Component
11.1.1.3.2 India Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.3.3 India Data-Centric Security Market Breakdown, By Organization Size
11.1.1.3.4 India Data-Centric Security Market Breakdown, By Verticals
11.1.1.4 Japan: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan Data-Centric Security Market Breakdown, By Component
11.1.1.4.2 Japan Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.4.3 Japan Data-Centric Security Market Breakdown, By Organization Size
11.1.1.4.4 Japan Data-Centric Security Market Breakdown, By Verticals
11.1.1.5 South Korea: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 South Korea Data-Centric Security Market Breakdown, By Component
11.1.1.5.2 South Korea Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.5.3 South Korea Data-Centric Security Market Breakdown, By Organization Size
11.1.1.5.4 South Korea Data-Centric Security Market Breakdown, By Verticals
11.1.1.6 Rest of APAC: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of APAC Data-Centric Security Market Breakdown, By Component
11.1.1.6.2 Rest of APAC Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.6.3 Rest of APAC Data-Centric Security Market Breakdown, By Organization Size
11.1.1.6.4 Rest of APAC Data-Centric Security Market Breakdown, By Verticals
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 IBM Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 FORCEPOINT
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Broadcom Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Informatica Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Micro Focus
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 NetApp, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 OrangeCyberdefense
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Talend
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Varonis
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms

LIST OF TABLES

Table 1. APAC Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific: Data-Centric Security Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 3. Australia Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 4. Australia Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 5. Australia Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 6. Australia Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 7. China Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 8. China Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 9. China Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 10. China Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 11. India Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 12. India Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 13. India Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 14. India Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 15. Japan Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 16. Japan Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 17. Japan Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 18. Japan Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 19. South Korea Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 20. South Korea Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 21. South Korea Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 22. South Korea Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 23. Rest of APAC Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 24. Rest of APAC Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 25. Rest of APAC Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 26. Rest of APAC Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 27. Glossary of Terms, APAC Data-Centric Security Market

LIST OF FIGURES

Figure 1. APAC Data-Centric Security Market Segmentation
Figure 2. APAC Data-Centric Security Market Segmentation – By Country
Figure 3. APAC Data-Centric Security Market Overview
Figure 4. APAC Data-Centric Security Market, By Component
Figure 5. APAC Data-Centric Security Market, By Deployment Mode
Figure 6. APAC Data-Centric Security Market, By Country
Figure 7. APAC: PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Data-Centric Security Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Data-Centric Security Market Revenue and Forecast To 2028 (US$ Million)
Figure 11. APAC Data-Centric Security Market Breakdown, by Component, 2021 & 2028 (%)
Figure 12. APAC Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Service Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Data-Centric Security Market Breakdown, by Deployment Mode, 2021 & 2028 (%)
Figure 15. APAC On-Premise Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Cloud based Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Data-Centric Security Market Breakdown, by Organization Size, 2021 & 2028 (%)
Figure 18. APAC Small and Medium Enterprises Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Large Enterprises Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Data-Centric Security Market Breakdown, By Verticals, 2021 & 2028 (%)
Figure 21. APAC IT and Telecommunication Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC BFSI Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Healthcare and Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Government and Defense Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC: Data-Centric Security Market, by Key Country – Revenue (2021) (US$ Million)
Figure 27. Asia Pacific: Data-Centric Security Market, by Country, 2021 & 2028 (%)
Figure 28. Australia: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. China: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Japan: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Korea: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of APAC: Data-Centric Security Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific data-centric security market
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific data-centric security market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the data-centric security market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

The List of Companies – Asia Pacific Data-Centric Security Market

● Broadcom Corporation
● Forcepoint
● IBM Corporation
● Informatica Corporation
● Micro Focus
● NetApp
● Orange Cyberdefense
● Talend
● Varonis

At 25.9% CAGR, the Asia Pacific Data-Centric Security Market is speculated to be worth US$ 4,332.71 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Asia Pacific data-centric security market was valued at US$ 1,089.91 million in 2022 and is expected to reach US$ 4,332.71 million by 2028, registering an annual growth rate of 25.9% from 2022 to 2028. Increase in data including bring your own device (BYOD) policies and incorporation of artificial intelligence (AI) and multi-cloud strategy are the critical factors attributed to the market expansion.

Artificial intelligence (AI) is well suited to quickly analyze large amounts of data and apply heuristic algorithms to identify patterns. Black hat hackers are now using AI approaches to analyze network traffic and stolen data such as passwords to identify vulnerabilities that can be exploited immediately. Similarly, cybersecurity teams are using AI to analyze data collected from defenses and network traffic, looking for early warning of cyberattacks and new attack patterns. Hence, AI will play a crucial role in developing the data-centric security solution. Furthermore, in recent years, enterprise workloads have been dispersed across several cloud environments and evolved quickly, which is considered a multi-cloud security strategy. Nearly 92% of cloud solution adopters either have a multi-cloud strategy or are in the process of adopting an affordable multi-cloud and hybrid cloud strategy in the next few days, according to a new study by Flexera. Hence, the organization will focus on data security instead of application or server. In addition to increasing flexibility and layering automation and intelligence into security across platforms, multi-cloud security solutions with increase with the point solutions that tie security to a single site. Therefore, businesses will be better able to defend themselves against contemporary dangers when using multi-cloud security solutions. Furthermore, the COVID-19 pandemic impacted businesses’ operations, and multi-cloud helped businesses adapt to the new normal. Due to the recent turmoil, more than half (61%) of Flexera respondents say their focus is on providing more flexible ways of working. Most companies conclude that their remote workers may expand in the future. Thus, multi-cloud is the most flexible IT environment that enables this flexibility by distributing data across many geographic locations for user proximity and business continuity.

On the contrary, concerns regarding the adoption of cloud-based security solutions hurdles the growth of Asia Pacific data-centric security market.

Based on component, the Asia Pacific data-centric security market is sub segmented into solution and service. The solution held 73.5% market share in 2022, amassing US$ 801.59 million. It is projected to garner US$ 3,255.29 million by 2028 to expand at 26.3% CAGR during 2022–2028. Based on deployment mode, the Asia Pacific data-centric security market is sub segmented into on premise and cloud based. The cloud based segment held 66.3% market share in 2022, amassing US$ 722.80 million. It is projected to garner US$ million 2,938.02 by 2028 to expand at 26.3% CAGR during 2022–2028. 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 68.1% market share with a revenue of US$ 741.90 million. It is projected to garner US$ 2,828.33 million by 2028 to expand at 25.0% CAGR during 2022–2028.

In terms of verticals, the Asia Pacific data-centric-security market is categorized into government and defense, healthcare & pharmaceuticals, IT and telecommunication, BFSI, and others. With 34.5% share of the domain, the IT & Telecommunication segment dominated the market in 2022. It accrued US$ 376.33 million in 2022 and is estimated to generate US$ 1,530.65 million by 2028 to grow at a CAGR of 26.3% over the forecast period.

Our regional analysis states that China captured 31.6% market share in 2022. It was assessed at US$ 344.41 million in 2022 and is likely to hit US$ 1403.80 million by 2028, exhibiting a CAGR of 26.4% during the forecast period.

Key players dominating the Asia Pacific data-centric security market are Broadcom Corporation, Forcepoint, IBM Corporation, Informatica Corporation, Micro Focus, NetApp, Orange Cyberdefense, Talend, and Varonis among others.

Below are listed a few key market developments by top players:

In 2022, Informatica Corporation announced a partnership with Oracle. Through this endeavour, Oracle and Informatica have combined the Oracle autonomous database, Oracle Exadata Database Service, and Oracle Object Storage with Informatica’s Intelligent Data Management Cloud. This new alliance will enable streamlined OCI migrations and improved data governance capabilities on OCI and IDMC. In 2022, HCL Technologies partnered with IBM Security. Through the use of a modernised security operation centre (SOC) platform, this collaboration intends to unify and streamline the threat management process for clients. The goal of HCL’s Cybersecurity Fusion Centers is to provide a unified security platform that connects security teams, tools, and procedures throughout the threat lifecycle by utilising IBM’s Cloud Pak for Security.