Europe Data-Centric Security Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis By Component (Solution and Service), Deployment Mode (On Premise and Cloud based), Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), and Verticals (IT and Telecommunication, BFSI, Government and Defense, Healthcare and Pharmaceutical, and Others)


No. of Pages: 130    |    Report Code: BMIRE00027434    |    Category: Technology, Media and Telecommunications

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

Strategic insights for the Europe Data-Centric Security provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe Data-Centric Security Report Scope

Report Attribute Details
Market size in 2022 US$ 1,342.32 Million
Market Size by 2028 US$ 4,682.89 Million
Global CAGR (2022 - 2028) 23.2%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Component
  • Solution and Service
By Deployment Mode
  • On Premise and Cloud based
By Organization Size
  • Small and Medium Enterprises
  • Large Enterprises
By Verticals
  • IT and Telecommunication
  • BFSI
  • Government and Defense
  • Healthcare and Pharmaceutical
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Broadcom Corporation
  • Forcepoint
  • IBM Corporation
  • Imperva
  • Informatica Corporation
  • Micro Focus
  • NetApp
  • Orange Cyberdefense
  • Talend
  • Varonis
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    Europe Data-Centric Security Regional Insights

    The geographic scope of the Europe Data-Centric Security refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    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.

    The List of Companies - Europe Data-Centric Security Market

    1. Broadcom Corporation
    2. Forcepoint
    3. IBM Corporation
    4. Imperva
    5. Informatica Corporation
    6. Micro Focus
    7. NetApp
    8. Orange Cyberdefense
    9. Talend
    10. Varonis
    Frequently Asked Questions
    How big is the Europe Data-Centric Security Market?

    The Europe Data-Centric Security Market is valued at US$ 1,342.32 Million in 2022, it is projected to reach US$ 4,682.89 Million by 2028.

    What is the CAGR for Europe Data-Centric Security Market by (2022 - 2028)?

    As per our report Europe Data-Centric Security Market, the market size is valued at US$ 1,342.32 Million in 2022, projecting it to reach US$ 4,682.89 Million by 2028. This translates to a CAGR of approximately 23.2% during the forecast period.

    What segments are covered in this report?

    The Europe Data-Centric Security Market report typically cover these key segments-

    • Component (Solution and Service)
    • Deployment Mode (On Premise and Cloud based)
    • Organization Size (Small and Medium Enterprises, Large Enterprises)
    • Verticals (IT and Telecommunication, BFSI, Government and Defense, Healthcare and Pharmaceutical)

    What is the historic period, base year, and forecast period taken for Europe Data-Centric Security Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Data-Centric Security Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Europe Data-Centric Security Market?

    The Europe Data-Centric Security Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Broadcom Corporation
  • Forcepoint
  • IBM Corporation
  • Imperva
  • Informatica Corporation
  • Micro Focus
  • NetApp
  • Orange Cyberdefense
  • Talend
  • Varonis
  • Who should buy this report?

    The Europe Data-Centric Security Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Data-Centric Security Market value chain can benefit from the information contained in a comprehensive market report.

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