Sensitive Data Discovery: Introduction
At present, sensitive & confidential data exists in unstructured and structured data formats across production and non-production environments. Sensitive data discovery software provides automated and dependable content analysis. The software also tracks information across the network, including NAS and SAN storage, file shares, and SharePoints sites.
Sensitive data discovery tools reduce the risk from manual and tedious processes by automatically tagging and classifying indirect, direct, and sensitive identifiers for efficient human inspection. Sensitive data discovery distinguishes data that is the most at risk to exposure, such as personally identifiable information (PII) and protected health information (PHI).
The global sensitive data discovery market is anticipated to expand at a rapid pace during the forecast period, due to increasing adoption of sensitive data discovery among organizations across the globe.
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Rise in adoption of Artificial Intelligence (AI) and Machine Learning (ML) technology has generated massive amounts of organized and unorganized data, which is expected to boost the adoption of sensitive data discovery tools during the forecast period.
Additionally, growing investment in data privacy and security by end-users along with evolving regulations such as California Consumer Privacy Act (CCPA) and General Data Protection Regulation (GDPR) to protect sensitive data across the globe is anticipated to fuel the sensitive data discovery market during the forecast period.
Rise in demand to discover sensitive structured and unstructured data is estimated to boost the sensitive data discovery market during the forecast period.
Furthermore, due to COVID-19, rise in number of remote workers and real-time data access are projected to boost the sensitive data discovery market in the forthcoming years.
Rise in cases of security breach due to cloud misconfigurations is estimated to boost the market during the forecast period.
Growing need to reduce the risk of infrastructure security and breaches is estimated to boost the market during the forecast period.
Rise in rate of adoption of cloud computing technologies across various sectors is also projected to boost the adoption of sensitive data discovery market
However, lack of skilled professional workforce and dependence on manual systems for sensitive data discovery is anticipated to hamper the market during the forecast period.
Impact of COVID-19 on the Global Sensitive Data Discovery Market
Increasing cases of COVID-19 across the globe is resulting in economic slowdown and millions of employees are working from home for the first time, during this pandemic. This is