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The global data-centric security market size is expected to grow from an estimated value of USD 3.5 billion in 2020 to USD 9.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 23.1% from 2020 to 2026.
The data-centric security market is driven by various factors such as stringent compliances and regulations, increasing risk on enterprise data due to exploitation of big data analytics, machine learning, and artificial intelligence to boost the growth of data-centric security market across the globe during the forecast period. However, organization s tolerance for inconvenience and security breaches due to internal vulnerabilities can hinder the growth.