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.
Every piece of information has its own specific set of risks and challenges. Different levels of procedures and special protection is required for remediation. Sensitive information can be classified into different levels, such as public, internal, restricted, and confidential. Sensitive data discovery solution offers various benefits such as automatic data classification depending on the context, regulatory compliance and risk management, complete data visibility, identification, tracking, classification of sensitive data, and others.
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The Sensitive Data Discovery Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Sensitive Data Discovery market. The report offers in-depth research and assessment of the key elements of the global Sensitive Data Discovery market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Sensitive Data Discovery market.
Report Objective:
The report offers a complete analysis of the global Sensitive Data Discovery market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. IBM, Microsoft, Oracle, AWS, Proofpoint, Inc., Google, SolarWinds, Micro Focus, PKWARE, Inc., and Thales.
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
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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.
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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