Blockchain Press Releases
Data Centric Security Market to be Worth $24.01 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, July 19, 2023 /PRNewswire/ — The global data centric security market size is expected to reach USD 24.01 billion by 2030, growing at a CAGR of 24.2% from 2023 to 2030, according to the new reports of Grand View Research, Inc. The proliferation of digital technologies and the increase in cybercrimes has surged the risk of cyber-attacks and data breaches across organizations. This has emerged the demand for data-centric security solutions to protect sensitive information across different locations within and across organizations. Furthermore, stringent government regulations and policies across regions, for instance, the European Union General Data Protection Regulation (GDPR), and the California Consumer Privacy Act (CCPA), have formed major demand to implement adequate security approaches across industries such as retail, BFSI, IT & telecom, and healthcare, among others, thereby fueling the demand in the market.
Key Industry Insights & Findings from the report:
- The software segment accounts for the largest market share of over 63.3% in 2022 and is anticipated to maintain its dominance over the forecast period owing to the growing need to strengthen data privacy and regulation laws across industries such as BFSI, IT & telecom, healthcare, and retail, among others.
- The cloud segment is expected to observe the highest CAGR of 25.1% during the forecast period. The growing migration of data and workload to the cloud has made it essential for organizations to enhance the security and privacy of sensitive information, thereby fueling the demand for data centric security.
- The small & medium enterprises segment is anticipated to witness an exceptional CAGR of 24.8% during the forecast period. The growing awareness of the importance of data privacy owing to the increased media coverage of data breaches and legal requirements has enhanced the demand for data-centric security solutions in the segment.
- The healthcare segment is anticipated to register a considerable CAGR of 25.7% over the forecast period owing to the growing adoption of cloud platforms to store and manage sensitive information related to patient’s health, financial transaction, and other healthcare operations.
- North America accounted for the largest market share of over 35.2% in 2022 and is expected to retain its position over the forecast period. The growing cyber threats and crimes across industries such as retail, BFSI, and healthcare, along with the focus of government on imposing stringent data security regulations, has boosted the demand for data centric security.
- Key players in the data centric security industry have an extended operating history, a large customer base, and significant competitive strengths. In addition to the inorganic growth strategies, vendors emphasize improving after-sale service offerings to ensure periodic maintenance of installed products.
Read 100 page market research report, “Data Centric Security Market Size, Share & Trends Analysis Report By Solution (Software, Services), By Deployment (Cloud, On-premise), By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.
Data Centric Security Market Growth & Trends
The growing number of financial and reputational consequences of data breaches are further expected to boost the demand for data centric security. For instance, in May 2019, a data breach occurred at First American Financial Corporation, impacting 885 million credit card applications, where the data relating to real estate personal and financial transaction records were uncovered with a common website design blunder. Owing to the increasing data breaches, organizations are investing heavily in data-centric security solutions to reduce the risk and vulnerabilities and minimize the related costs, including remediation effects, legal liabilities, and potential loss of user trust.
Moreover, the growing effectiveness and efficiency of data centric security solutions owing to the advancement of technologies such as data encryption, masking, tokenization, and data loss prevention (DLP) is anticipated to form huge demand for market growth. The advancements help organizations with more comprehensive and robust protection capabilities for sensitive information. Furthermore, the development of industry-specific data protection solutions catering to different industries such as healthcare, government, and finance, owing to their difference in nature and sensitivity of data, has emerged the need for advanced data centric security solutions. This has resulted in increased adoption of data centric security solutions designed to address specific industry challenges.
Data Centric Security Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 5.27 billion |
|
Revenue forecast in 2030 |
USD 24.01 billion |
|
Growth Rate |
CAGR of 24.2% from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2018 – 2021 |
|
Forecast period |
2023 – 2030 |
Data Centric Security Market Segmentation
Grand View Research has segmented the global data centric security market based on solution, deployment, enterprise size, vertical, and region:
Data Centric Security Market – Solution Outlook (Revenue, USD Billion, 2018 – 2030)
- Software
- Services
Data Centric Security Market – Deployment Outlook (Revenue, USD Billion, 2018 – 2030)
- Cloud
- On-premise
Data Centric Security Market – Enterprise Size Outlook (Revenue, USD Billion, 2018 – 2030)
- Small and Medium-sized Enterprises
- Large enterprises
Data Centric Security Market – Vertical Outlook (Revenue, USD Billion, 2018 – 2030)
- BFSI
- Government and Public Sector
- Healthcare
- IT and Telecom
- Retail
- Others
Data Centric Security Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
List of Key Players in the Data Centric Security Market
- Egnyte
- Forcepoint
- IBM
- Imperva
- Infogix
- Informatica
- McAfee
- Micro Focus
- Microsoft
- NetApp
- Netwrix
- Orange Cyberdefense
- Seclore
- Symantec (now NortonLifeLock)
- Thales eSecurity
- Varonis
Check out more related studies published by Grand View Research:
- Cybersecurity Mesh Market – The global cybersecurity mesh market size is expected to reach USD 4.90 billion by 2030, according to the new report of Grand View Research, Inc. The market is expected to expand at a CAGR of 11.1% from 2023 to 2030. The cybersecurity mesh solutions aim to offer more scalable, resilient, and flexible security solutions to overcome evolving cyber threats. The growing diversity and complexity of IT environments are one factor driving the demand for the cybersecurity mesh market. The adoption of the modern IT ecosystem is becoming complex due to the deployment of cloud computing, the Internet of Things (IoT), and other distributed networks across the systems. This growing complexity has led to different security challenges that require an enhanced approach to cybersecurity solutions, thereby surging the demand for the market.
- IT Services Market – The global IT services market size was estimated to reach USD 186.4 billion by 2028 and is anticipated to grow at a CAGR of 9.5% from 2022 to 2028, according to a new report by Grand View Research, Inc. Growing concerns about data security and privacy protection are the key factors driving the demand for IT services from enterprises working in various industries. Increasing difficulties in network infrastructure are acting as key impedances to ineffective data security management; therefore, increasing the demand for IT services. Lack of expertise with the end-users in integrating the latest technologies and implementing IT services is hampering the growth of the market. Most of the major players operating in the IT services market are implementing the strategy of mergers, and acquisitions to gain maximum share in the market.
- Wireless Network Security Market – The global wireless network security market size is estimated to reach USD 59.66 billion by 2030, expanding at a CAGR of 12.5% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The wireless network security market growth can be attributed to the growing number of cyberattacks, increasing adoption of Bring Your Own Devices (BYOD), and advancements in various wireless networking solutions such as unified threat solutions, Identity and Access Management (IAM), and Intrusion Prevention System (IPS)/Intrusion Detection System (IDS), among others. Further, the Covid-19 pandemic led work from home concept accelerated the adoption of wireless devices, which forced companies to implement wireless network security solutions to strengthen the security of wireless devices and keep the enterprise data.
Browse through Grand View Research’s Network Security Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
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Grand View Research, Inc.
Phone: 1-415-349-0058
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Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet
Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
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PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/
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