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Sensitive Data Discovery Market Growth Opportunity | IBM, Microsoft, Oracle, AWS

11-02-2021 10:36 AM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Sensitive Data Discovery Market Growth Opportunity | IBM,

According to the report, the global Sensitive Data Discovery market is expected to grow from $Billion in 2020, which is expected to reach $16.85 Billion by 2028, growing at the CAGR of 15.18% from 2020 to 2028. This growth is attributed to the rising need to determine sensitive structured and unstructured data and the increasing investments in data privacy procedures with the growing data privacy regulations. The major factor driving the growth of the Sensitive Data Discovery Market is the growing adoption of cloud storage by individuals and companies. A larger percentage of organizations are using cloud-based solutions, with fewer storing data on local hardware. The major factor restraining the growth of the Sensitive Data Discovery Market is the presence of security concerns for enterprises across the globe.

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The recently published research report on Global Sensitive Data Discovery Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Sensitive Data Discovery market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Sensitive Data Discovery market report also includes the following data points:
• COVID19 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 Sensitive Data Discovery market

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Key Players
Some of the major Sensitive Data Discovery players holding high market share include IBM, Microsoft, Oracle, AWS. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• IBM
• Microsoft
• Oracle
• AWS
• Prrofpoint
• Google
• Micro Focus
• SolarWinds
• PKWARE
• Thales

Segmental Analysis
Market Segment By Organization Size with focus on market share, consumption trend, and growth rate of Sensitive Data Discovery Market:
o Large Enterprises
o (SMEs) Small and Medium-Sized Enterprises

Market Segment By Component with focus on market share, consumption trend, and growth rate of Sensitive Data Discovery Market:
o Consulting
o Support and Maintenance
o Solutions
o Deployment and Integration
o Services

Market Segment By Application with a focus on market share, consumption trend, and growth rate of Sensitive Data Discovery Market:
o Sales and Marketing Management
o Asset Management
o Security and Risk Management
o Supply Chain Management
o Others
Market Segment By Vertical with a focus on market share, consumption trend, and growth rate of Sensitive Data Discovery Market:
o Government
o BFSI
o Retail
o Healthcare and Life Sciences
o Manufacturing
o Transportation and Logistics
o Telecommunication and IT
o Media and Entertainment
o Others

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Global Sensitive Data Discovery Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

The Asia Pacific region holds the largest market share in the Sensitive Data Discovery market, primarily due to factors like rapidly increasing incidents of data breaches, government initiatives to raise the level of cyber security, and rising adoption of cloud-based services, which offer convenience and mobility to end-users.

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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