According to Emergent Research’s latest analysis, the global sensitive data discovery market is expected to reach USD 15.75 billion in 2028 and register a robust revenue CAGR during the forecast period. Rising adoption of cloud-based sensitive data discovery solutions and rising awareness about data security in various sectors such as IT and telecommunications, BFSI, government, healthcare, and others are driving market revenue growth. Data discovery is the process of searching for and identifying sensitive data to save or securely remove any potentially harmful information. The constant generation of new data by various organizations daily is increasing the demand for sensitive data discovery solutions around the world.
Additionally, the growing need to discover structured and unstructured data, as well as increased investments by leading authorities in data privacy to protect sensitive data, is expected to drive the global sensitive data discovery market growth during the forecast period. The global sensitive data discovery market is divided into component, deployment, organization size, application, end-user vertical, region, and company. According to regional analysis, Asia-Pacific is expected to grow the most between 2023 and 2027.
Data in today’s digital and big data era can be structured or unstructured, and the majority of it exists outside of enterprises. As a result, having a platform that can be used to integrate various information, perform a lot of discovery-based analysis (to separate noise from real signals), perform analytics on top of it, and finally consume it through an intuitive visualization interface has become critical. In many enterprises, this path is now being pursued in the form of a sensitive data discovery platform. Customer trends, shifts in consumer behavior, the outbreak of epidemics, changing weather patterns, and the rise in crime rate are all being provided by the growing volume of digital information.
Some Key Findings from the Report:
Throughout the forecast period, the revenue CAGR for the service segment is expected to be 16.2%. Managed services and professional services are service segment sub-segments. Rising support and maintenance requirements in large organizations can be attributed to this consistent revenue growth.
In 2020, Europe had the second-largest revenue share in the global market. Increasing investment in data security measures, as well as rising adoption of data security solutions, are key factors driving revenue growth in this region.
Netwrix merged with Stealthbits in January 2021, and the combined entity will provide data privacy and security solutions to organizations of any size and in any region around the world.
IBM, Microsoft, Oracle, AWS, Proofpoint, Inc., Google, SolarWinds, Micro Focus, PKWARE, Inc., and Thales are among the market’s key players.
For this report, Emergen Research has segmented the global sensitive data discovery market based on component, organization size, deployment mode, application, end-user, and region:
Component Outlook (Revenue: USD Billion; 2018–2028)
- 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)
- Private Cloud
- Public Cloud
- Hybrid Cloud
Application Outlook (Revenue: USD Billion; 2018-2028)
- Security and Risk Management,
- Compliance Management
- Asset Management
End-Use Outlook (Revenue: USD Billion; 2018–2028)
- Healthcare and Life Sciences
- Telecommunications and IT
Regional Outlook (Revenue: USD Billion; 2018–2028)
- North America
- the U.S.
- the U.K.
- Rest of Europe
- the Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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