The global sensitive data discovery market size is expected to reach USD 15.75 Billion in 2028 and register a robust revenue CAGR over the forecast period, according to latest analysis by Emergen Research.
Market revenue growth is driven by factors such as rising adoption of cloud-based sensitive data discovery solutions and rising awareness regarding data security in various sectors such as IT and telecommunication, BFSI, government, healthcare, and others. Data discovery is a process of searching and identifying sensitive data to save or securely remove any sort of compromising information. Continuous generation of new data on a daily basis by various organizations is boosting demand for sensitive data discovery solutions across the globe.
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The global Sensitive Data Discovery market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Sensitive Data Discovery market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Sensitive Data Discovery market.
Key players operating in the market are IBM, Microsoft, Oracle, AWS, Proofpoint, Inc., Google, SolarWinds, Micro Focus, PKWARE, Inc., and Thales.
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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
Emergen Research has segmented the global sensitive data discovery market based on component, organization size, deployment mode, application, end-use, and region:
Component Outlook (Revenue: USD Billion; 2018–2028)
Solution
Service
Managed Services
Professional Services
Organization Size Outlook (Revenue: USD Billion; 2018–2028)
Small and Medium-sized Enterprises
Large Enterprises
Deployment Mode Outlook (Revenue: USD Billion; 2018-2028)
On-premises
Cloud
Private Cloud
Public Cloud
Hybrid Cloud
Application Outlook (Revenue: USD Billion; 2018-2028)
Security and Risk Management,
Compliance Management
Asset Management
Others
End-Use Outlook (Revenue: USD Billion; 2018–2028)
BFSI
Government
Healthcare and Life Sciences
Retail
Manufacturing
Telecommunications and IT
Others
Key Highlights of Report
In January 2021, Netwrix merged with Stealthbits and the combined entity will offer data privacy and security solutions to organizations of any size and in any region around the world.
Service segment is expected to register a 16.2% revenue CAGR throughout the forecast period. Managed services and professional services are sub-segments under the service segment. This steady revenue growth can be attributed to rising support and maintenance requirements in large organizations.
Europe accounted for second-largest revenue share in the global market in 2020. Increasing investment in data security measures and rising adoption of data security solutions are key factors driving revenue growth of the market in this region.
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Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key questions addressed in the report:
Who are the leading players dominating the global Sensitive Data Discovery Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Sensitive Data Discovery in this industry vertical?
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