The report "Sensitive Data Discovery Market by Component, Organization Size, Deployment Mode, Application (Security and Risk Management, Compliance Management, Asset Management), Vertical (BFSI, Healthcare and Life Sciences), and Region - Global Forecast to 2026" The global sensitive data discovery market size to grow from USD 5.1 billion in 2020 to USD 12.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period. Various factors such as the growing need to discover sensitive structured and unstructured data, increasing investments in data privacy with evolving regulations, and rise in remote workers and real-time data access are expected to drive the adoption of the sensitive data discovery solutions and services.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191231584
The cloud segment to grow at a higher CAGR
during the forecast period
The sensitive data
discovery market by deployment mode has been segmented into on-premises and
cloud. Cloud is further segmented by type in a public cloud, private cloud, and
hybrid cloud. The cloud segment is expected to grow at a rapid pace during the
forecast period. The high CAGR of the cloud segment can be attributed to the
availability of easy deployment options and minimal requirements of capital and
time. These factors are supporting the current lockdown scenario of COVID-19 as
social distancing, and lack of workforce hit the industry and are expected to
drive the adoption of cloud-based sensitive data discovery solutions. Highly
secure data encryption and complete data visibility and control feature are
responsible for the higher adoption of on-premises-based sensitive data
discovery solutions.
The
services segment to grow at a higher CAGR during the forecast period
The sensitive data
discovery market is segmented on the basis of components into solutions and
services. Services are further segmented into professional and managed
services. Professional services include consulting, deployment and integration,
and support and maintenance services. The demand for professional services is
expected to rise due to a rise in tailored demand for customers. Customers are
coming up with customization requirements in the already installed sensitive
data discovery solutions to enhance the overall performance.
Among verticals, the healthcare and life
sciences segment to grow at the highest CAGR during the forecast period
The sensitive data discovery market is
segmented on verticals into BFSI, government, healthcare, and life sciences,
retail, manufacturing, telecommunications and IT, and other verticals
(education, and travel and hospitality). The BFSI vertical is expected to
account for the largest market size during the forecast period. Moreover, the
healthcare and life sciences vertical is expected to grow at the highest CAGR
during the forecast period. During the COVID-19 pandemic, healthcare
researchers and hospitals are dealing with enormous data, which has created a
massive need for efficient sensitive data discovery and management. Sensitive
data discovery enables healthcare companies to locative sensitive data such as
Protected Health Information (PHI) that
were traditionally impossible to handle.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=191231584
North
America to hold the largest market size during the forecast period
North
America is the largest revenue contributor to the global sensitive data
discovery market. The region is witnessing significant developments in the
sensitive data discovery market. Many sensitive data discovery solution
providers are adopting various growth strategies to strengthen their positions
in the market. The US government has provided support by promoting an ideal
environment for research and innovation, leading to advancements in various
fields of science and technology. The growth of the region can also be
attributed to the growing focus of companies to analyze sensitive or regulated
information which support real-time analytics. APAC has witnessed the advanced
and dynamic adoption of new technologies and is expected to record the highest
CAGR during the forecast period. The
growing awareness for data security and privacy among organizations in key
countries, such as China, India, and Japan, is expected to fuel the adoption of
sensitive data discovery solutions and services. The commercialization of the
Artificial Intelligence (AI) and Machine Learning (ML) technology, giving rise
to increased data generation, and the need for further advancements to leverage
its benefits to the maximum are expected to drive the adoption of sensitive
data discovery solutions in the region.
Major
vendors in the global sensitive data discovery market include IBM
(US),Microsoft (US),Oracle (US), AWS (US), Proofpoint (US), Google (US),
SolarWinds (US), Micro Focus (UK), PKWARE (US), Thales (France), Spirion (US),
Egnyte (US), Netwrix (US), Varonis (US), Digital Guardian (US), Solix (US),
Immuta (US), MENTIS (US), Ground Labs (US), Hitachi (Japan), Nightfall (US),
Securiti (US), DataGrail (US), Dathena (Singapore), BigID (US), DataSunrise
(US), and 1touch.io (US).
About
MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70% to 80% of worldwide
companies’ revenues. Currently servicing 7500 customers worldwide including 80%
of global Fortune 1000 companies as clients. Almost 75,000 top officers across
eight industries worldwide approach MarketsandMarkets™ for their painpoints
around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking
global high growth markets following the "Growth Engagement Model –
GEM". The GEM aims at proactive collaboration with the clients to identify
new opportunities, identify most important customers, write "Attack, avoid
and defend" strategies, identify sources of incremental revenues for both
the company and its competitors. MarketsandMarkets™ now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™
is determined to benefit more than 10,000 companies this year for their revenue
planning and help them take their innovations/disruptions early to the market
by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research
platform, "Knowledge Store" connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with market
sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
