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The Global Data Masking Market size is expected to reach $801.4 million by 2023, rising at a market growth of 14.1% CAGR during the forecast period. Data masking is a system of creating a structurally similar but inauthentic version of data which could be further used in software testing and user training. The fundamental idea behind the use of data masking is to ensure the real data is protected and at the same time having a functional substitute for times when the real data is not necessary. Evolving business standards, changing regulatory frame work and ever-increasing business data are the factors that are driving the growth of the data masking market.
Based on Business Function, the market report segments the market into Legal & Finance, Sales & Marketing, HR & Operations, and Others. Based on Type, the market report segments the market into Static and Dynamic. Based on Deployment Type, the market report segments the market into On-Premise and Cloud. Based on Vertical, the Data Masking market segments the market into Retail & Ecommerce, Government, BFSI, Healthcare & Lifesciences, Media & Entertainment, and Others. Based on Regions, the Data Masking market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the Data Masking Market. Key companies profiled in the report include IBM Corporation, CA Technologies, Inc., Informatica, Micro Focus (Formerly Hpe Software), Oracle Corporation, Mentis Technology, Compuware Corporation, Solix Technologies, Inc., and Delphix.