The data-centric security market in Europe is expected to grow from US$ 1,342.32 million in 2022 to US$ 4,682.89 million by 2028. It is estimated to grow at a CAGR of 23.2% from 2022 to 2028.

Standardization of Data Protection Rules

Data protection rules and regulations changed over the decade owing to the incorporation of smart technologies and new working models among the companies. Several news reforms and infrastructure are demanding modern techniques of data protection. The Swiss Data Protection Act (DSG) was revised in September 2020 (revFADP) to include stricter provisions focused on protecting the privacy rights of personal data during processing. It is expected to enter into force in 2022. Additionally, some new provisions are very similar to their GDPR counterparts. These include the right to be forgotten, the right to data portability, the requirement for periodic Data Protection Impact Assessments (DPIA), and reporting obligations in the event of a breach. Thus, the growing stringent rules pushed organizations towards more data-centric security approaches, is driving the market growth.

Market Overview

The Europe data-centric security market is spread across Germany, France, Russia, the UK, Italy, and the rest of Europe. The adoption of data-centric security solutions is expected to increase as internet penetration increases in major European countries. In addition, expanding wireless networks serving mobile devices has increased data vulnerability. Implementing EU legislation and actions rooted in the National Framework and the National Cybersecurity Plan is expected to facilitate the market’s growth in the region. Since the publication in 2018 of the EU- General Data Protection Regulation (GDPR), new regulations have emerged in different countries to protect the personal data that organizations collect from employees, partners, customers, and other sources. The GDPR sets a high standard for consent, which will hugely impact the marketing industry. As part of its digital strategy, the Italian Government plans to invest significantly in the protection of digital identities to increase the security level of digital transactions and, subsequently, to strengthen consumers’ trust by protecting citizens’ identities. In addition, telecommunication companies are increasing their investment in data-centric security to deal with rapidly increasing data threats. For instance, Telefonica came up with Telefonica Tech Ventures in 2020 to seek strategic start-ups and develop its investment capabilities to invest in markets for Telefonica in Germany and other European countries. Each of these factors is expected to impact the growth of the European data-centric security market in the coming years.

Europe Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)

Europe Data-Centric Security Market Segmentation

The Europe 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 Europe 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 Europe 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 France, Germany, Italy, UK, Russia, and the Rest of Europe. The UK dominated the market share in 2022. Broadcom Corporation, Forcepoint, IBM Corporation, Imperva, 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 Europe Data-Centric Security Market – By Component
1.3.2 Europe Data-Centric Security Market – By Deployment Mode
1.3.3 Europe Data-Centric Security Market – By Organization Size
1.3.4 Europe Data-Centric Security Market – By Verticals
1.3.5 Europe Data-Centric Security Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Data-Centric Security – Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe 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 – Europe Analysis
6.1 Overview
6.2 Europe Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
7. Europe Data-Centric Security Market Analysis – By Component
7.1 Overview
7.2 Europe 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. Europe Data-Centric Security Market Analysis – By Deployment Mode
8.1 Overview
8.2 Europe 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. Europe Data-Centric Security Market Analysis – By Organization Size
9.1 Overview
9.2 Europe 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. Europe Data-Centric Security Market Analysis – By Verticals
10.1 Overview
10.2 Europe 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. Europe Data-Centric Security Market – Country Analysis
11.1 Overview
11.1.1 Europe Data-Centric Security Market Breakdown, By Key Country
11.1.1.1 Germany Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Germany Data-Centric Security Market Breakdown, By Component
11.1.1.1.2 Germany Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.1.3 Germany Data-Centric Security Market Breakdown, By Organization Size
11.1.1.1.4 Germany Data-Centric Security Market Breakdown, By Verticals
11.1.1.2 France Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 France Data-Centric Security Market Breakdown, By Component
11.1.1.2.2 France Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.2.3 France Data-Centric Security Market Breakdown, By Organization Size
11.1.1.2.4 France Data-Centric Security Market Breakdown, By Verticals
11.1.1.3 Italy Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Italy Data-Centric Security Market Breakdown, By Component
11.1.1.3.2 Italy Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.3.3 Italy Data-Centric Security Market Breakdown, By Organization Size
11.1.1.3.4 Italy Data-Centric Security Market Breakdown, By Verticals
11.1.1.4 UK Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 UK Data-Centric Security Market Breakdown, By Component
11.1.1.4.2 UK Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.4.3 UK Data-Centric Security Market Breakdown, By Organization Size
11.1.1.4.4 UK Data-Centric Security Market Breakdown, By Verticals
11.1.1.5 Russia Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Russia Data-Centric Security Market Breakdown, By Component
11.1.1.5.2 Russia Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.5.3 Russia Data-Centric Security Market Breakdown, By Organization Size
11.1.1.5.4 Russia Data-Centric Security Market Breakdown, By Verticals
11.1.1.6 Rest of Europe Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe Data-Centric Security Market Breakdown, By Component
11.1.1.6.2 Rest of Europe Data-Centric Security Market Breakdown, By Deployment Mode
11.1.1.6.3 Rest of Europe Data-Centric Security Market Breakdown, By Organization Size
11.1.1.6.4 Rest of Europe Data-Centric Security Market Breakdown, By Verticals
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.1 Merger and Acquisition
13. Company Profiles
13.1 Imperva
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 IBM Corporation
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 FORCEPOINT
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 Broadcom Inc.
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 Informatica Corporation
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 Micro Focus
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 NetApp, Inc.
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 OrangeCyberdefense
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 Talend
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
13.10 Varonis
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms

LIST OF TABLES

Table 1. Europe Data-Centric Security Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Data-Centric Security Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 3. Germany Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 4. Germany Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 5. Germany Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 6. Germany Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 7. France Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 8. France Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 9. France Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 10. France Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 11. Italy Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 12. Italy Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 13. Italy Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 14. Italy Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 15. UK Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 16. UK Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 17. UK Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 18. UK Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 19. Russia Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 20. Russia Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 21. Russia Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 22. Russia Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 23. Rest of Europe Data-Centric Security Market Revenue and Forecast to 2028 – By Component (US$ Million)
Table 24. Rest of Europe Data-Centric Security Market Revenue and Forecast to 2028 – By Deployment Mode (US$ Million)
Table 25. Rest of Europe Data-Centric Security Market Revenue and Forecast to 2028 – By Organization Size (US$ Million)
Table 26. Rest of Europe Data-Centric Security Market Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 27. Glossary of Terms, Europe Data-Centric Security Market

LIST OF FIGURES

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

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

At 23.2% CAGR, the Europe Data-Centric Security Market is speculated to be worth US$ 4,682.89 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe data-centric security market was valued at US$ 1,342.32 million in 2022 and is expected to reach US$ 4,682.89 million by 2028, registering an annual growth rate of 24.4% from 2022 to 2028. Rising emphasis on data-centric security model by enterprises and standardization of data protection rules are the critical factors attributed to the market expansion.

The COVID-19 outbreak accelerated the shift from office environments to remote work scenarios (work from home), emphasizing data-centric security more. In 2020, organizations had to navigate a wave of IT architectural change and move to a remote work environment. The employee’s sudden and unexpected move to home offices has accelerated enterprises’ need to move to the cloud to keep their business running. Integrating meeting solutions, cloud servers, and security quickly became commonplace. Based on the survey conducted by Barracuda, 53% of respondents said the COVID-19 crisis prompted them to accelerate their plans to move all their data to a 100% cloud-based model. Hence, the plan to move all data to a 100% cloud-based model increased the emphasis on data-centric security in the cloud, as companies are highly concerned about sharing crucial data with unauthorized internal users.

Furthermore, according to a McAfee Enterprise and FireEye report, 81% of businesses experienced an increase in cyber threats during the pandemic, and 79% experienced downtime due to cyber incidents during the peak season, thereby increasing the demand for cybersecurity solutions. In addition, several medium- and large-sized enterprises increased their annual data security spending. CSO’s 2021 Security Priorities Report shows that 44% of security leaders expect their budgets to increase in the next 12 months. There is a slight increase from the 41% budget increase in 2021 compared to 2020. Similarly, the government’s growing emphasis on the data center security model is also pushing the market growth. For instance, state governments in India are pushing a data-centric approach to governance to ensure that funds are properly utilized, and the profits are reaching the last mile. Hence, owing to the new and unforeseen breaches, organizations are evolving from traditional infrastructure-centric security measures with multiple layers of defense to a data-centric approach that protects the data. Data-centric security solutions enable organizations to collaborate while maintaining high levels of security and transparency and revoking access to sensitive data accidentally shared via email. Thus, the factors mentioned above are driving the market growth.

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

Based on component, the Europe data-centric security market is sub segmented into solution and service. The solution held 76.1% market share in 2022, amassing US$ 1,021.34 million. It is projected to garner US$ 3,622.66 million by 2028 to expand at 23.5% CAGR during 2022–2028. Based on deployment mode, the Europe data-centric security market is sub segmented into on premise and cloud based. The cloud based segment held 64.0% market share in 2022, amassing US$ 716.51 million. It is projected to garner US$ million 3,089.75 by 2028 to expand at 23.8% 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 64.5% market share with a revenue of US$ 866.06 million. It is projected to garner US$ 2,918.42 million by 2028 to expand at 22.4% CAGR during 2022–2028.

In terms of verticals, the Europe data-centric-security market is categorized into government and defense, healthcare & pharmaceuticals, IT and telecommunication, BFSI, and others. With 36.5% share of the domain, the IT & Telecommunication segment dominated the market in 2022. It accrued US$ 490.51 million in 2022 and is estimated to generate US$ 1,746.12 million by 2028 to grow at a CAGR of 23.6% over the forecast period.

Our regional analysis states that UK captured 36.5% market share in 2022. It was assessed at US$ 409.77 million in 2022 and is likely to hit US$ 1,542.54 million by 2028, exhibiting a CAGR of 24.7% during the forecast period.

Key players dominating the Europe data-centric security market are Broadcom Corporation, Forcepoint, IBM Corporation, Imperva, 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.