The global Sensitive Data Discovery market size was valued at USD 5.34 Billion in 2021 growing at a CAGR of 21.6% from 2022 to 2032. The recovery process and cloud backup are crucial components of business continuity planning. Additional advantages of cloud backup adoption include cost savings, data virtualization, security, and storage. Enterprises may support their infrastructure and applications using cloud storage solutions at a cheaper cost than with on-premises storage solutions.
The driving factor of the sensitive data discovery Market are:
- Increased need for data use across all industries
During COVID-19, several industries were obliged to operate remotely, which increased the adoption of IoT and cloud technologies and resulted in the creation of enormous databases. It was also necessary to find this data and separate it into organized and disorganized categories. Therefore, it is anticipated that the sensitive data discovery market would rise as a result of the usage of data across multiple end-user sectors to affect sales and production inside a business.
- An increase in the need to combine business processes with data to produce actionable insights
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Key Highlights:
- The global Sensitive Data Discovery market size was valued at USD 5.34 Billion in 2021 growing at a CAGR of 21.6% from 2022 to 2032.
- North America dominated the market in 2021
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2022 to 2032
Key Players
The Sensitive Data Discovery market report gives comprehensive information about the company and its past performance. The report also provides a detailed market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- Google LLC
- Micro Focus International
- SolarWinds Inc.
- Digital Guardian, Inc.
- Higher Ground Labs
- Egnyte Inc
- Dathena Science Pte Ltd
The Global Sensitive Data Discovery Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Sensitive Data Discovery market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID-19 impact, the Sensitive Data Discovery market report also includes the following data points:
- COVID-19 Impact on Sensitive Data Discovery market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Sensitive Data Discovery market
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Scope of the Report:
Market Segment By Component:
- Solution
- Service
Market Segment By Deployment:
- On-Premises
- Cloud
Market Segment By Organization Size:
- SMEs
- Large Enterprises
Market Segment By Application:
- Security and Risk Management
- Compliance Management
- Asset Management
- Other
Market Segment By Vertical:
- BFSI
- Government
- Healthcare and Life Sciences
- Retail
- Manufacturing
- Telecommunications and IT
- Other
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
North America is the global leader in sensitive data discovery, with a market share. The region’s dominance is due to the presence of a large number of leading companies in the space, as the region’s strong economic and political stability. North America is home to some of the world’s largest companies, including Amazon, Microsoft, and Google, which are all major players in the sensitive data discovery market. The region also has a well-established legal and regulatory framework for data protection, which provides a conducive environment for the growth of the market.
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