Artificial Intelligence
Data Security Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)
New York, Aug. 09, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Data Security Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” – https://www.reportlinker.com/p06484540/?utm_source=GNW
The Data Security Market size is expected to grow from USD 24.31 billion in 2023 to USD 57.49 billion by 2028, at a CAGR of 18.78% during the forecast period (2023-2028).
Data volumes have been growing because of information applications, including storing and mining massive or commercial data. These applications are dynamic and multifunctional. Data Security is crucial for preserving the authenticity and integrity of the data as well as for preventing attacks. Additionally, hackers are deploying malware like Odinaff, Danabot, Camubot, Backswap, etc., which has increased data vulnerability to security threats, leading businesses and customers to demand more effective security solutions.
Key Highlights
According to the Center for Strategic and International Studies (CSIS) and McAfee, cybercrimes cost the globe around USD 600 billion annually, or 0.8% of global GDP, and encompass data damage and destruction, money theft, lost property, intellectual property theft, and other sectors. The development of security and vulnerability management software and services is anticipated to be accelerated by such causes.
The need for the data security market has grown due to rising digitalization trends and digital data generation. The creation of digital data has dramatically expanded over the last few decades, and this trend is anticipated to continue. The growing daily use of digital devices like smartphones and laptops is one of the main factors causing this rise in digital data generation. Additionally, the Data Security Market has expanded due to the rising popularity of the Internet of Things (IoT) and the data produced by numerous IoT devices.
Strict laws, like GDPR, PCI DSS, ISO, and others, are being placed on businesses as they go through a digital transformation to protect systems from data breaches, irrespective of the sector or industry that the organization operates. Regulations and compliances require enterprises to implement efficient security solutions, which supports the expansion of the data security market.
Implementing data security technologies like Data Auditing, Data Real-time Alerts, Data risk assessment, Data minimization, and Purging of stale data could help organizations prevent breaches, reduce risk, and sustain protective security measures to prevent data loss.
Finding and analyzing sensitive data among the structured and unstructured data collected from various sources has become a significant concern, which is expected to hamper the market growth. Moreover, young start-ups’ cybersecurity budgets must be increased to implement Next-Generation Firewalls (NGFWs) and Advanced Threat Protection (ATP) technologies. Small businesses in emerging economies need help adopting data security solutions due to significant concerns, including a shortage of capital and limited investment.
Since many employees work from home and connect the company’s data, which is more important, government, public, and private businesses have launched many initiatives to overcome phishing attempts during COVID-19. Additionally, the use of third-party applications has grown significantly during the pandemic. As a result of all these factors, IT infrastructure is now more susceptible to viruses and cyberattacks. Companies have been compelled to enhance security measures, which has benefited the global data security market. For instance, spear-phishing email attacks related to COVID-19 have increased by 67% since December last year.
Data Security Market Trends
Data Security Technologies As the Greatest Asset
A robust data security strategy could help organizations stay compliant and reduce exposure to threats in various industries, including retail, finance, healthcare, and government. When used following the principles of confidentiality, integrity, and availability, data would be the most valuable resource that helps organizations improve decisions, carry out strategic initiatives, and build stronger bonds with clients and business partners.
Data security technologies include firewalls, authentication and authorization, encryption, data masking, hardware-based security, data backup and resilience, and data erasure. It plays a vital role in business operations, development, and finances. By protecting data, companies can prevent data breaches and damage to reputation and better meet regulatory requirements. According to the ThoughtLab report, there was a rise of 15.1% in the number of data breaches in the previous year. Also, IDG reports that 68 percent of CIOs anticipate spending more on data security over the upcoming years.
AI and multi-cloud services play a significant part in data security. Artificial intelligence (AI) assists security operations analysts in keeping ahead of threats and hazards to make crucial decisions and remediate problems as data phishing and cyberattacks increase in volume daily. As enterprises today are accumulating data from numerous sources, securing information is of utmost importance for companies. AI and ML in data security can assist security analysts in reducing the time taken by authorities to prevent data thefts. As AI and ML focus on securing information by working with algorithms provided to them, they can also learn about how specific threats are classified. With such techniques, these technologies can quickly scan through the abnormal behavior of the system and determine if abnormalities classify as potential threats.
The majority of cutting-edge businesses rely on multi-cloud services. These take advantage of many cloud computing service providers to provide an organization with a comprehensive security solution from a wide range of possibilities. This service gives firms more flexibility, improved cost management, and increased resilience. The ability to monitor and manage workloads across different public clouds from a single interface using multi-cloud technologies and processes reduces data breaches and improves data security.
Cloud data security software secures information stored using cloud services or cloud-based applications. These tools can facilitate data security by enforcing cloud access control and storage policies. Companies utilize the tools to implement security protocols, monitor access, and protect information stored within and transferred through cloud applications.
Asia-Pacific witnessed Market Expansion
Data security solutions are anticipated to grow in demand during the forecast period due to the quick uptake of Internet technologies and the increased number of devices across various industries. An increase in attacks and data phishing on these connected devices was also projected by the National Institute of Information and Communication Technology. Such occurrences drive the market for data security by pushing companies to develop solutions that allow them to predict the possibility of such incidents.
Investments by governments and corporate enterprises in security-related products, including VPN, endpoint protection, and security testing, have increased in the Asia Pacific region due to the availability of large businesses that serve domestic and international clients.
A prominent trend in the Asian market is the growing use of IoT devices, such as BYOD, to access healthcare, banking, travel, hospitality services, etc. This ever-increasing trend indicates a significant opportunity for the data security industry. According to SPDI Rules, sensitive and personal data that includes passwords, financial information, medical records, etc., should be protected and cannot be misused for any individual needs unless involved in legitimate purposes. Hence effective data security techniques are to be implemented to avoid data loss.
With an increase in cloud computing, mobile technology, and social media, reports on data security breaches have become prevalent in Asia Pacific countries. For instance, in July last year, the Five Eyes countries (the U.S., Canada, the U.K., Australia, and New Zealand), along with NATO, expressed concerns over a series of malicious cyberattacks, such as the Microsoft Exchange Hacks and cyberattacks that shook medical research institutes and universities.
Data Security Industry Overview
There are numerous prominent companies in the fiercely competitive data security Industry. Some of the most famous players now control the market regarding market share. However, as security services develop, new companies are becoming more prevalent on the market and extending their geographic reach for their businesses. Depending on the level of data security required, businesses are becoming more conscientious and aware of the data stored in various systems. As a result, small and medium enterprises are taking advantage of services from firms like IBM, McAfee, Intel, Cybereason, Verizon, AT&T, etc.
In June 2022, Varonis Systems, Inc., a pioneer in data security and analytics, announced new features to improve safety and boost data visibility in Amazon Simple Storage Service (S3), which gives customers a single pane of glass to protect critical data across their IaaS and SaaS ecosystem.
In March 2022, The Mobile Device Management (MDM) solution from Syxsense, a leader in IT and data security management solutions, includes all the tools required to apply effective management to mobile endpoints, including Device Enrolment, Inventory, and Configuration Management, Application Deployment and Rollback, Data Containerization, and Remote Device Lock/Reset/Wipe, allowing Technology expertise to wipe sensitive data from lost or stolen devices to provide data security.
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Artificial Intelligence
Healthcare Analytics Market to Garner a Valuation of USD 139.34 Billion by 2030, Exhibiting 23.31% CAGR, With North America Leading the Market Due to Advanced Healthcare Infrastructure, Projects Kings Research
DUBAI, UAE, Oct. 3, 2023 /PRNewswire/ — As per the latest report published by Kings Research, the global Healthcare Analytics Market size was recorded at USD 24.45 billion in 2022 and is estimated to grow to USD 139.34 billion by 2030, exhibiting a CAGR of 23.31% over the forecast period of 2023- 2030. The healthcare industry has embraced analytics to address the challenges of inadequate patient care, rising treatment costs, and low levels of patient engagement and retention. By leveraging healthcare analytics, the industry aims to improve patient care and operational efficiency, which is fueling market expansion.
Healthcare analytics leverages extensive data collection to provide organizations with practical insights, enabling them to make informed decisions in real-time. Through analytical methodologies, these insights facilitate improved planning, management, measurement, and learning. Furthermore, healthcare institutions around the globe are prioritizing cost reduction, enhancing care team coordination, and elevating patient care. Moreover, newer market entrants are introducing innovative healthcare delivery approaches, intensifying market competition. Consequently, healthcare analytics systems primarily concentrate on big data, offering potential benefits such as cost reduction, enhanced efficiency, and better patient treatment.
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Competitive Landscape
Key participants in the global healthcare analytics market are emphasizing acquisitions as a primary approach for expanding their businesses. For instance, in June 2022, Oracle Corporation took over Cerner Corporation intending to integrate Cerner’s clinical abilities with its own expertise in enterprise platform analytics and automation.
Leading companies in the global healthcare analytics market include:
Optum, Inc.Wipro LimitedAllscripts Healthcare, LLCCerner CorporationHealth CatalystInovalonMcKesson CorporationIBMMEDEANALYTICS, INC.GENERAL ELECTRICHave an Inquiry? Get in Touch with us @ https://www.kingsresearch.com/enquiry/healthcare-analytics-market-185
Trending Now: Mayo Clinic and Google Cloud Collaborate on AI for Healthcare Data
Google Cloud and Mayo Clinic have joined forces to implement generative artificial intelligence (AI) in the field of healthcare. This collaboration aims to empower clinicians and researchers to swiftly and naturally access information, as stated in a press release dated 7th June 2023.
In the same release, Google Cloud announced that the tool to be utilized in this endeavor, the Enterprise Search in Generative AI App Builder, had become HIPAA compliant. Thomas Kurian, CEO of Google Cloud, stated, “Generative AI has the potential to revolutionize healthcare by enhancing human interactions and streamlining operations like never before. Mayo Clinic is a global leader in harnessing AI for the greater good, and they are a crucial partner in responsibly introducing this transformative technology to healthcare.”
The press release also noted that Mayo Clinic has previously collaborated with Google Cloud to implement analytics, AI, and machine learning (ML) solutions in healthcare.
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Growing Demand for Descriptive Analysis to Spur Market Development
In terms of type, the healthcare analytics market is categorized into predictive analytics, prescriptive analytics, and descriptive analytics.
The descriptive analysis segment is anticipated to dominate the market through the projected timeframe. This growth is primarily attributable to the surging demand for descriptive analysis, which relies on historical patterns to obtain data-driven insights that can enhance the healthcare system’s management, benefiting both organizations and patients.
On Premise Solutions Garner Attention for Their Superior Accessibility in Remote Zones
On the basis of the delivery model, the global healthcare analytics industry is divided into on cloud and on premise.
The on premise segment is leading the market, propelled by its superior accessibility in remote areas. Furthermore, their lower maintenance and operation costs are driving the growth of the segment.
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Rising EHR Adoption to Drive Healthcare Analytics Market Expansion
The widespread use of electronic health records (EHR) has led to a substantial increase in the availability of data for analysis in the healthcare industry. As more healthcare professionals transition from traditional paper-based systems to EHR, a huge volume of data becomes accessible. This presents a unique opportunity to obtain valuable insights and enhance patient care. Consequently, the healthcare analytics market has experienced considerable growth in recent times.
The implementation of EHR has brought about greater operational efficiency and cost savings in healthcare organizations. With the ability to access and analyze real-time data, healthcare providers can identify trends, patterns, and areas for improvement in their workflows and procedures. This not only enhances their productivity but also helps them make informed decisions for better patient care. Moreover, integrating healthcare analytics into clinical decision support systems empowers practitioners to make evidence-based decisions, ultimately leading to enhanced patient outcomes. This widespread adoption of EHR and analytics has revolutionized the healthcare industry, ushering in a more data-driven and patient-centric approach to care.
North America to Lead Market Due to Advanced Healthcare Infrastructure
North America is poised to lead the global healthcare analytics market in the upcoming years due to its advanced healthcare infrastructure, robust technology, and data integration capabilities. This facilitates informed decision-making, enhances patient outcomes, and fosters healthcare innovation. Moreover, the region’s emphasis on R&D activities attracts industry leaders, solidifying its market dominance.
For more information on the report, visit: https://www.kingsresearch.com/healthcare-analytics-market-185
Key Points from TOC:
Chapter 1 Introduction of the Global Healthcare Analytics Market
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
Chapter 2 Executive Summary
Chapter 3 Research Methodology
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
Chapter 4 Global Healthcare Analytics Market Outlook
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
Chapter 5 Impact of Russia-Ukraine War
Chapter 6 Global Healthcare Analytics Market, By Type
Chapter 7 Global Healthcare Analytics Market, By Component
Chapter 8 Global Healthcare Analytics Market, By Delivery Model
Chapter 9 Global Healthcare Analytics Market, By Application
Chapter 10 Global Healthcare Analytics Market, By End User
Chapter 11 Global Healthcare Analytics Market, By Geography
Chapter 12 North America
Chapter 13 Europe
Chapter 14 Asia Pacific
Chapter 15 Middle East & Africa
Chapter 16 Latin America
Chapter 17 Global Healthcare Analytics Market Competitive Landscape
17.1 Overview
17.2 Key Developments
17.3 Key Strategic Developments
17.4 Company Market Ranking
17.5 Regional Footprint
17.6 Industry Footprint
Chapter 18 Company Profiles
18.1 Optum, Inc.
18.1.1 Key Facts
18.1.2 Financial Overview
18.1.3 Product Benchmarking
18.1.4 Recent Developments
18.1.5 Winning Imperatives
18.1.6 Current Focus & Strategies
18.1.7 Threat from competition
18.1.8 SWOT Analysis
18.2 Wipro Limited
18.2.1 Key Facts
18.2.2 Financial Overview
18.2.3 Product Benchmarking
18.2.4 Recent Developments
18.2.5 Winning Imperatives
18.2.6 Current Focus & Strategies
18.2.7 Threat from competition
18.2.8 SWOT Analysis
18.3 Allscripts Healthcare, LLC
18.3.1 Key Facts
18.3.2 Financial Overview
18.3.3 Product Benchmarking
18.3.4 Recent Developments
18.3.5 Winning Imperatives
18.3.6 Current Focus & Strategies
18.3.7 Threat from competition
18.3.8 SWOT Analysis
18.4 Cerner Corporation
18.4.1 Key Facts
18.4.2 Financial Overview
18.4.3 Product Benchmarking
18.4.4 Recent Developments
18.4.5 Winning Imperatives
18.4.6 Current Focus & Strategies
18.4.7 Threat from competition
18.4.8 SWOT Analysis
18.5 Health Catalyst
18.5.1 Key Facts
18.5.2 Financial Overview
18.5.3 Product Benchmarking
18.5.4 Recent Developments
18.5.5 Winning Imperatives
18.5.6 Current Focus & Strategies
18.5.7 Threat from competition
18.5.8 SWOT Analysis
Browse Complete TOC: https://www.kingsresearch.com/toc/healthcare-analytics-market-185
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Kings Research stands as a renowned global market research firm. With a collaborative approach, we work closely with industry leaders, conducting thorough assessments of trends and developments. Our primary objective is to provide decision-makers with tailored research reports that align with their unique business objectives. Through our comprehensive research studies, we strive to empower leaders to make informed decisions.
Our team comprises individuals with diverse backgrounds and a wealth of knowledge in various industries. At Kings Research, we offer a comprehensive range of services aimed at assisting you in formulating efficient strategies to achieve your desired outcomes. Our objective is to significantly enhance your long-term progress through these tailored solutions.
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Artificial Intelligence
Hard Rock and Leo Messi Unveil First Ever Menu for Kids: The Hard Rock Messi Kids Menu
HOLLYWOOD, Fla., Oct. 3, 2023 /PRNewswire/ — Hard Rock International and global brand ambassador, Leo Messi, are taking their partnership to the next level by curating their first-ever Messi menu for kids, “The Hard Rock Messi Kids Menu”. The menu launches today at all participating Hard Rock Cafes and select Hard Rock Hotels worldwide. Expanding on Hard Rock International’s partnership with the world-renowned soccer sensation, “The Hard Rock Messi Kids Menu” features the Messi X Burger, the Messi Golden Chicken Sandwich and other kid-friendly options, along with a special nod to the international sports icon in the form of a complimentary mini golden soccer ball toy, a collectable poster, activity sheet and stickers with every meal.
“As a father of three, I have always had a special connection with kids,” said Leo Messi. “Now with my partners at Hard Rock, we will kick-off the new kids menu, offering families a variety of tasty meals and a fun dining experience.”
Fans can also take some of the Messi magic home with them via a new collection of Hard Rock X Messi 3.0 merchandise, for both kids and adults, including a kid-sized version of the iconic Messi Chef’s Coat and a special mini soccer ball, available at select Rock Shops. A portion of proceeds from the mini soccer balls sold at the Rock Shop will be donated to kid’s charities around the world via the Hard Rock Heals Foundation.
“We’re very excited to partner with Leo Messi on this special addition to the Hard Rock menu,” said Jim Allen, Chairman of Hard Rock International. “We know how much children and their parents alike look up to Leo and we’re proud to offer something wholesome for the whole family to enjoy while visiting our locations around the world.”
For even more fun, fans can scan a QR code to enter a 360 digital experience with Leo Messi himself. They can watch an AI-generated Messi with the Messi Chicken Sandwich or greet fans at the Hard Rock Cafe. Also available on the 360 digital experience is access to purchase the new retail options for kids and adults, a trivia game, wallpaper downloads and more.
For assets from “The Hard Rock Messi Kids Menu” launch event, please see images and b-roll here. For the full release, visit https://news.hardrock.com/.
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Artificial Intelligence
Cloud ERP Market size worth USD 168.34 Billion, Globally, by 2030 at 12.53% CAGR: Verified Market Research®
The “Global Cloud ERP Market Size By Component, By Organization Size, By End-User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Cloud ERP Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Oct. 3, 2023 /PRNewswire/ — The Global Cloud ERP Market is projected to grow at a CAGR of 12.53% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 55.40 Billion in 2022 and is expected to reach USD 168.34 Billion by the end of the forecast period.
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Browse in-depth TOC on “Cloud ERP Market”
202 – Pages
126 – Tables
37 – Figures
Global Cloud ERP Market: Transformative Growth Fueled by Digital Shift and Construction Industry Adoption
The Global Cloud ERP Market is experiencing unprecedented growth driven by the worldwide digital transformation wave and accelerated adoption within the construction industry. Cloud ERP, a robust and flexible enterprise resource planning solution accessible over the internet, has revolutionized the business landscape. This cloud-based software automates critical operational and financial functions, providing organizations with a unified source of data, order management, supply chain optimization, procurement, production, distribution, and fulfillment capabilities.
Cloud ERP Market Drivers:The market surge is powered by transformative technologies, particularly cloud-based solutions, reshaping business interactions, innovation processes, and data analytics. Cloud ERP empowers organizations to integrate cutting-edge technologies, fostering innovation and sustainable Cloud ERP Market growth. The construction industry’s swift adoption, driven by the opportunities presented during the Covid-19 pandemic, has further accelerated the market’s expansion. Construction companies are leveraging Cloud ERP to stabilize operations and recapture growth opportunities lost during the crisis.
Cloud ERP Market Outlook:The Global Cloud ERP Market is poised for substantial growth, with North America leading the charge. The region boasts a robust technology landscape and hosts a multitude of key Cloud ERP vendors. The market is set to witness continuous expansion, driven by the evolving digital business environment and the construction industry’s ongoing technological transformation efforts.
Key Players and Competitive Landscape:In the competitive landscape of the Global Cloud ERP Market, key players are deploying innovative strategies to secure their market positions. Market ranking analysis reveals the dominance of established vendors, leveraging their expertise to capture significant market shares. Continuous market share analysis highlights the dynamic nature of the industry, encouraging players to engage in key development strategies to maintain their competitive edge.
Cloud ERP stands as a cornerstone in modern business strategies, enhancing operational efficiency, fostering innovation, and offering unparalleled scalability. The market’s trajectory is marked by relentless innovation and strategic moves by key players, shaping the future of enterprise resource management.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Cloud ERP Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Cloud ERP Market into Component, Organization Size, End-User, And Geography.
Cloud ERP Market, by ComponentSolutionServicesCloud ERP Market, by Organization SizeLarge EnterprisesSmall and Medium-sized EnterprisesCloud ERP Market, by End-UserBFSIIT & TelecomHealthcareGovernment and Public SectorAerospace and DefenseRetailOthersCloud ERP Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin AmericaBrowse Related Reports:
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Top 5 Cloud Managed Services using internet to deliver applications
Visualize Cloud ERP Market using Verified Market Intelligence -:
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