According to a new report Global Sensitive Data Discovery Market, published by KBV research, The Global Sensitive Data Discovery Market size is expected to reach $12.8 billion by 2026, rising at a market growth of 17.1% CAGR during the forecast period.
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.
The On-premise market dominated the Global Sensitive Data Discovery Market by Deployment Type 2019, growing at a CAGR of 16.1 % during the forecast period. The Cloud market is expected to showcase highest CAGR of 18.5% during (2020 - 2026). Owing to the increasing adoption of the cloud and the rising workers who were operating remotely, companies are no longer only worried about the sensitive data embedded majorly on-premise.
The BFSI market dominated the Global Sensitive Data Discovery Market by End User 2019. The healthcare & life sciences domain would exhibit highest CAGR over the forecast period. At the time of the COVID-19 pandemic, healthcare researchers and hospitals dealt with various data that created a huge requirement for efficient data discovery and management. Data preparation and graphical user interface help the customers to use integrated intelligence with automatic data prep tasks.
The increasing awareness for securing data and maintaining privacy among the companies in main countries like India, Japan, and China is estimated to propel the demand for sensitive data discovery solutions and services. The commercialization of AI and ML technology has given rise to growing data generation, and the requirements for further improvement to use their advantages to the fullest are estimated to increase the adoption of data discovery solutions in this region.
Full Report: https://www.kbvresearch.com/sensitive-data-discovery-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Component
By Application
By Deployment Type
By Enterprise Size
By End-User
By Geography
Companies Profiled
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