From GlobeNewswire: 2025-02-07 10:00:00

The Sensitive Data Discovery Market was valued at $8.10 billion in 2023 and is projected to reach $35.58 billion by 2032, with a CAGR of 17.93% from 2024-2032. This growth is driven by stricter regulations and a rising demand for security solutions to protect personal and financial data.

Organizations are increasingly turning to data classification solutions like Microsoft Purview and Amazon Macie to comply with regulations and prevent data breaches. High-risk sectors such as healthcare, finance, and retail are fueling the market’s growth, promising significant future demand.

Large enterprises currently dominate the market, investing in advanced data discovery solutions to manage complex data environments and address compliance requirements. However, SMEs are expected to experience the fastest growth, driven by the adoption of cloud-based services and subscription models for cost-effective data protection solutions.

In terms of applications, the Security and Risk Management segment leads the market, accounting for 47% of the market share in 2023. As cyberattacks become more sophisticated and frequent, organizations are prioritizing solutions that proactively discover and secure vulnerable data. Compliance Management is expected to see rapid growth, driven by stringent global data privacy regulations like GDPR and CCPA. Sensitive Data Discovery tools are helping businesses ensure compliance, avoid penalties, and protect sensitive data across multiple jurisdictions, driving growth. Market segmentation includes components, organization size, deployment mode, applications, and verticals. North America leads the market with 39% revenue due to regulatory compliance, while the Asia Pacific is expected to grow at a CAGR of 19.61% from 2024 to 2032.

Recent news includes IBM integrating Guardium with IBM Security Discovery & Classify and Microsoft launching Sensitive Data Threat Detection in Microsoft Defender for Storage. The market report covers various key points including market dynamics, segmentation, regional analysis, and company profiles. SNS Insider offers consulting services like Go To Market Assessment and Competitive Benchmarking.

SNS Insider is a leading market research and consulting agency aiming to provide clients with the knowledge needed to navigate changing circumstances. Using various techniques like surveys and focus groups, the company offers current market data, consumer insights, and opinions to help clients make informed decisions with confidence.



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