Data Security - Hong Kong
Hong Kong- Revenue in the Data Security market is projected to reach US$9.50m in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.61%, resulting in a market volume of US$16.45m by 2029.
- The average Spend per Employee in the Data Security market is projected to reach US$2.55 in 2024.
- In global comparison, most revenue will be generated United States (US$2.9bn in 2024).
- Key regions:
- Brazil,
- Saudi Arabia,
- Chile,
- Germany,
- Belgium
Definition :
The Data Security market refers to the market for security measures and tools that protect the availability, resilience, integrity, and confidentiality of sensitive digital data by mitigating the risk associated with data storage and handling. Data security methods are employed to prevent unauthorized access, data corruption, system disaster, or data theft, using an encryption process, for example.
The primary objective of data security is to enhance sustainable trust and to secure the privacy of data in an increasingly digital environment.
Additional information:
The Data Security market comprises revenues, revenue change, average spend per employee, and the market shares of the key market players. Market values represent revenues that are generated by primary vendors, either directly or through distribution channels (manufacturer prices, excluding VAT). Reported market revenues include consumer spending (B2C), business spending (B2B), and government spending (B2G). Detailed definitions of each market can be found on the corresponding market pages. Key players in the market include Microsoft, Crowdstrike, and Cisco.
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In-Scope
- Data encryption, such as Microsoft Azure Information Protection, IBM Guardium Data Encryption, and Sophos SafeGuard Encryption
- Data loss prevention, such as Trend Micro Integrated Data Loss Prevention, Symantec Data Loss Prevention (DLP), and McAfee Total Protection for Data Loss Prevention
- Data access control, such as Microsoft Azure Active Directory (Azure AD), Varonis Data Security Platform, and Symplified Access Management (Trustwave)
Out-Of-Scope
- Data storage, such as Google Cloud Storage, Pure Storage, and AWS
- Application security solutions, such as Microsoft, Broadcom, and Check Point Software
- Cloud security solutions, such as Tenable, Cisco, and Palo Alto Network
- Network security solutions, such as Palo Alto Networks, Check Point, and Juniper Networks
