Sensitive Data Discovery Market By Component, By Deployment, By Organization Size, By Application, By End-User Vertical, By Company, By Region, Forecast and Opportunities, 2027
Global sensitive data discovery market is expected to grow at a double digit CAGR for the forecast period. Rising concerns for data security for private and confidential data is expected to fuel the market for the coming five years. Unauthorized access to the sensitive data may lead to data exposure which can result in monetary loss for the organization. Structured and unstructured data formats present in non-production levels do not contain high level security and permission-based controls, which is fostering the global market for sensitive data discovery for masking the data for privacy issues.
Higher penetration of internet across various regions and growing affordability for smart devices is paving the way for generation of large volume of data which requires organization of data for further usage. Also, flexibility of data access from remote places and storage of data on cloud platforms is accelerating the demand for cloud based sensitive data discovery market. Increasing need for security compliance and data management are the other two significant factors bolstering the global sensitive data discovery market growth. Data utilization across various end-user industries to influence the sales and production within an organization is expected to increase the sensitive data discovery market growth.
- Global sensitive data discovery market is segmented into component, deployment, organization size, application, end-user vertical, region, and company. Based on regional analysis, Asia-Pacific is anticipated to register highest growth for the forecast period owing to government regulations and initiatives for digitalization across various countries which ultimately is generating high volumes of data. High-end investment by major players is adding value to the sensitive data discovery market. To streamline business operations and to generate statistical data, need for sensitive data discovery solutions is on rise. Sensitive data discovery is aiding in enhancing performance by giving input to take better business decisions and increase the efficiency of an organization.
- The major players operating in the global sensitive data discovery market are Microsoft Corporation, IBM Corporation, Oracle Corporation, Google LLC, Micro Focus International Plc, SolarWinds Inc., Digital Guardian, Inc., Higher Ground Labs LLC, Egnyte Inc, Dathena Science Pte Ltd, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
- To analyze the historical growth of the market size of global sensitive data discovery market from 2017 to 2020.
- To estimate and forecast the market size of global sensitive data discovery market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global sensitive data discovery market based on component, deployment, organization size, application, end-user vertical, region, and company.
- To identify dominant region or segment in the global sensitive data discovery market.
- To identify drivers and challenges for global sensitive data discovery market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global sensitive data discovery market.
- To identify and analyze the profile of leading players operating in global sensitive data discovery market.
- To identify key sustainable strategies adopted by market players in global sensitive data discovery market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global sensitive data discovery market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Sensitive data discovery service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to sensitive data discovery
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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