Sensitive Data Discovery Market by Grade, by End-Use Industry and by Region - Global Trends and Forecasts to 2028

The global sensitive data discovery market size is expected to reach USD 15.75 Billion in 2028 and register a robust revenue CAGR over the forecast period, according to latest analysis by Emergen Research.

Market revenue growth is driven by factors such as rising adoption of cloud-based sensitive data discovery solutions and rising awareness regarding data security in various sectors such as IT and telecommunication, BFSI, government, healthcare, and others. Data discovery is a process of searching and identifying sensitive data to save or securely remove any sort of compromising information. Continuous generation of new data on a daily basis by various organizations is boosting demand for sensitive data discovery solutions across the globe.

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Competitive Outlook:

The global Sensitive Data Discovery Market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Sensitive Data Discovery Market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Key players operating in the market are IBM, Microsoft, Oracle, AWS, Proofpoint, Inc., Google, SolarWinds, Micro Focus, PKWARE, Inc., and Thales.

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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.

Emergen Research has segmented the global sensitive data discovery market based on component, organization size, deployment mode, application, end-use, and region:

Component Outlook (Revenue: USD Billion; 2018–2028)

Solution

Service

Managed Services

Professional Services

Organization Size Outlook (Revenue: USD Billion; 2018–2028)

Small and Medium-sized Enterprises

Large Enterprises

Deployment Mode Outlook (Revenue: USD Billion; 2018-2028)

On-premises

Cloud

Private Cloud

Public Cloud

Hybrid Cloud

Application Outlook (Revenue: USD Billion; 2018-2028)

Security and Risk Management,

Compliance Management

Asset Management

Others

End-Use Outlook (Revenue: USD Billion; 2018–2028)

BFSI

Government

Healthcare and Life Sciences

Retail

Manufacturing

Telecommunications and IT

Others

Key Highlights of Report

In January 2021, Netwrix merged with Stealthbits and the combined entity will offer data privacy and security solutions to organizations of any size and in any region around the world.

Service segment is expected to register a 16.2% revenue CAGR throughout the forecast period. Managed services and professional services are sub-segments under the service segment. This steady revenue growth can be attributed to rising support and maintenance requirements in large organizations.

Europe accounted for second-largest revenue share in the global market in 2020. Increasing investment in data security measures and rising adoption of data security solutions are key factors driving revenue growth of the market in this region.

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Regional Analysis:

This section of the report offers valuable insights into the geographical segmentation of the Sensitive Data Discovery Market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

The report classifies the global Sensitive Data Discovery Market into various regions, including:

North America (U.S., Canada)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

Key questions addressed in the report:

Who are the leading players dominating the global Sensitive Data Discovery Market?

Which factors could potentially hamper the global market growth during the forecast period?

Which regional market offers the most attractive growth opportunities to the companies operating in this market?

How is the raw material availability affecting the demand for Sensitive Data Discovery in this industry vertical?

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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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