Europe Sensitive Data Discovery Market By Component (Solutions and Services), By Application (Security & Risk Management, Asset Management, Compliance Management and Others), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (BFSI, Retail & eCommerce, Manufacturing, Healthcare, Telecom & IT, Government & Public Sector and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Europe Sensitive Data Discovery Market would witness market growth of 16.2% CAGR during the forecast period (2020-2026). The present business scenario is more data-driven; companies are now continuously making, storing, and operating data, which is grouped as sensitive information. The team might think that they know all the places in the companies, where personal and sensitive information is secured but most of the time security teams find different sorts of information hidden in several unexpected places. SDDP helps in locating, determining, and protecting the items inside a huge amount of data.
It also executes complete scanning, classification, and grading on structured & unstructured data, which SDDP authorized to access by utilizing embedded algorithms and personalized sensitive data detection rules. Along with that, SDDP offers security protection on the basis of detection results. For instance, SDDP delivers in-depth access control, encrypts and stores the identified sensitive data.
SDDP offers various incorporated de-identification algorithms, which enable making custom de-identification rules. These models are utilized to de-identify sensitive data in the production surroundings. Later, the de-identified data could be used in non-production surroundings like development and test environments. Using this software, the authenticity and accessibility of the de-identified data can be ensured.
The sensitive data discovery market is observing various growth opportunities with the increasing focus on data security, IoT and, real-time data analysis. The growing demand to incorporate data with business processes and generate actionable insights, and the requirement for data usage all over the domains owing to the Covid-19 pandemic, is estimated to offer lucrative opportunities for the key market players. Moreover, the main factors which boost the market growth include the difficulties in explaining RoI from sensitive data discovery solutions and the absence of a skilled professional workforce in the market. Data security and privacy issues, uncertainty in enterprise-wide data management standards and governance, and huge dependence on hand-operated systems for sensitive data discovery are the main restraints for the sensitive data discovery market.
Based on Component, the market is segmented into Solutions and Services. Based on Application, the market is segmented into Security & Risk Management, Asset Management, Compliance Management and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Manufacturing, Healthcare, Telecom & IT, Government & Public Sector and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Sensitive Data Discovery Compliance Management Market by Country 2019, growing at a CAGR of 15.7 % during the forecast period. The UK market is experiencing a CAGR of 16% during (2020 - 2026). Additionally, The France market is anticipated to witness a CAGR of 17.7% during (2020 - 2026).
The On-premise market dominated the Italy Sensitive Data Discovery Market by Deployment Type 2019, thereby, achieving a market value of $87.1 million by 2026. The Cloud market would showcase highest CAGR of 20.4% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Oracle Corporation, Amazon.com, Inc., Google, Inc., Micro Focus International PLC, Thales Group S.A., Hitachi, Ltd., SolarWinds Corporation, Proofpoint, Inc. and Netwrix Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Security & Risk Management
- Asset Management
- Compliance Management
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
- Retail & eCommerce
- Telecom & IT
- Government & Public Sector
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- Oracle Corporation
- Amazon.com, Inc.
- Google, Inc.
- Micro Focus International PLC
- Thales Group S.A.
- Hitachi, Ltd.
- SolarWinds Corporation
- Proofpoint, Inc.
- Netwrix Corporation
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