North America 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 North America Sensitive Data Discovery Market would witness market growth of 15.5% CAGR during the forecast period (2020-2026). Sensitive Data Discovery and Protection (SDDP) aimed to personal information protection and data activity audits. SDDP fulfills the compliance requirements on data security, which are specified in GDPR, Multi-Level Protection Scheme (MLPS) 2.0 Level 2, MLPS 2.0 Level 3, and the requirements for personal information protection. Moreover, it also offers complete and unified data security management for conventional databases and different data lakes and storage services, like MaxCompute, Object Storage Service (OSS), and Alibaba Cloud Data Mid-End.
SDDP divides and grades sensitive data, identifies sensitive data in the data assets, evaluates the assets, and also safeguards the sensitive data by utilizing intelligent algorithms as it is powered by cloud-native huge data and machine learning technologies. It also delivers all-around data-centric protection to increase the security of cloud assets. SDDP precisely identifies sensitive data, automates organizes and grades sensitive data, and also accumulates data assets. It also offers diversified de-identification algorithms.
In this digital age, most of the data whether it is structured or unstructured resides outside the companies. So, it is very important to have a certain platform that is utilized for combining every type of data, execute a lot of discovery-based analysis, helps in performing analytics, and eventually consume it via an instinctive visualization interface. The huge volume of digital data is stored as meaningful insights like growing consumer behavior, effective business trends, outbreaks of an epidemic, shifting weather patterns, and increasing crime rate. If these things are managed well then this data has the capability to offer many growth opportunities for the companies and governments for improved governance.
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 U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Sensitive Data Discovery Services Market by Country 2019, growing at a CAGR of 17.1 % during the forecast period. The Canada market is experiencing a CAGR of 20.6% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 19.6% during (2020 - 2026).
The Security & Risk Management market dominated the Canada Sensitive Data Discovery Market by Application 2019, thereby, achieving a market value of $237.5 million by 2026. The Asset Management market is showcasing a CAGR of 18.9% during (2020 - 2026). Additionally, The Compliance Management market is estimated to grow at a CAGR of 18.8% during the forecast period.
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 North America
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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