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Sensitive Data Discovery Market worth $12.4 billion by 2026, growing at a CAGR of 16.1% Report by MarketsandMarkets™

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Chicago, July 31, 2023 (GLOBE NEWSWIRE) — The global Sensitive Data Discovery Market size to grow from USD 5.1 billion in 2020 to USD 12.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.1% during the forecast period, according to a new report by MarketsandMarkets™. Various factors such as the growing need to discover sensitive structured and unstructured data, increasing investments in data privacy with evolving regulations, and rise in remote workers and real-time data access are expected to drive the adoption of the sensitive data discovery solutions and services. 

Browse in-depth TOC on “Sensitive Data Discovery Market”

185 – Tables
66 – Figures
295 – Pages

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Scope of the Report

Report Metric  Details 
Market size value in 2020  USD 5.1 billion
Revenue forecast in 2026  USD 12.4 billion
Growth Rate  16.1% CAGR
Market size available for years 2014–2026
Base year considered 2019
Forecast period 2020–2026
Forecast units USD Billion
Segments covered Component, organization size, deployment mode, application, vertical, and region
Geographies covered North America, Europe, APAC, Latin America, and MEA
Companies covered IBM (US),Microsoft (US),Oracle (US), AWS (US), Proofpoint (US), Google (US), Micro Focus (UK), SolarWinds (US), PKWARE (US), Thales (France), Spirion (US), Egnyte (US), Netwrix (US), Varonis (US) and many more.

The sensitive data discovery market has witnessed several advancements in terms of solutions offered by the industry players. Sensitive data discovery solutions have evolved over the years and are used to automatically identify and protect sensitive data stored across the organization. The increasing demand to integrate data in business processes and derive actionable insights and changes during COVID-19 led in work dynamics increasing need for data utilization across verticals would provide opportunities for market growth. 

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The sensitive data discovery market, by component, is segmented into solutions and services. The services segment is expected to grow at the highest CAGR during the forecast period. The sensitive data discovery services include professional and managed services. The growth of services can be attributed to the increasing demand for deployment and integration services by end user to effectively integrate sensitive data discovery tools for gathering structured and unstructured data from multiple sources. Consulting services are expected to have a higher CAGR during the forecast period. The growth can be attributed as its adoption help businesses create the right sensitive data discovery strategy for moving toward the digital transformation initiative or finding the best-fit approach. 

The compliance management application is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the need of security teams to eliminate the risk of data breaches and maintain compliance with global regulatory mandates regarding data security, workplace security, and privacy. With the growing concern over security, every organization needs to comply with regulatory and legal reporting requirements to secure their data. Organizations must implement sensitive data discovery solutions to manage data and ensure compliance tasks are completed. 

The BFSI vertical is expected to account for the largest market size during the forecast period. Moreover, the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. During the COVID-19 pandemic, healthcare researchers and hospitals are dealing with enormous data, which has created a massive need for efficient sensitive data discovery and management. Sensitive data discovery solutions enable healthcare researchers to identify data sets that were traditionally impossible to handle. 

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North America is expected to account for the largest market size during the forecast period. The region is witnessing significant technological advancements in the sensitive data discovery space due to the presence of prominent sensitive data discovery vendors. The growth of the region can also be attributed to the growing focus of companies on investments for cloud-based sensitive data discovery solutions which support real-time analytics. APAC is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to increased take-up of digital technologies among consumers as well as businesses in key countries, such as China, India, and Japan.  

Top Trends in Global Sensitive Data Discovery Market

  • Increasing Concerns about Data Breaches: Organisations are now more diligent about safeguarding sensitive data due to the rise in data breaches and cyberattacks. As they aid in locating and protecting crucial data before it falls into the wrong hands, sensitive data discovery solutions have grown in importance.
  • Stringent Data Protection Regulations: Businesses have been forced to invest in sensitive data discovery technologies as a result of the implementation of data protection laws like the CCPA and the GDPR (General Data Protection Regulation). A thorough awareness of the sensitive data an organisation has on hand and how it is being managed is necessary for compliance with these rules.
  • Adoption of Cloud-based Solutions: For scalability and financial reasons, several organisations have moved their data to cloud environments. The need for cloud-based sensitive data discovery systems that can scan and safeguard data across different cloud platforms has increased as a result.
  • Integration of AI and Machine Learning: Tools for sensitive data finding are being enhanced with artificial intelligence (AI) and machine learning (ML) technology to increase their precision and effectiveness. These tools can spot patterns and irregularities in data that conventional approaches might miss.
  • Focus on Unstructured Data: The discovery of unstructured data, such as emails, papers, and multimedia files, is a difficult task. Vendors are creating more and more solutions that can efficiently search through unstructured data sources to locate and safeguard critical data.

Key Industry Development

  • Integration of Artificial Intelligence and Machine Learning: In order to enhance their capabilities, sensitive data finding systems have started embracing AI and ML technology. By examining patterns, context, and user behaviour, these technologies assist in effectively recognising and classifying sensitive material, even in unstructured formats. Sensitive information may be found more quickly and precisely thanks to AI-driven data discovery, which also helps to reduce false positives and false negatives.
  • Cloud-based Sensitive Data Discovery: Vendors have been concentrating on building cloud-based sensitive data discovery solutions due to the increased adoption of cloud computing. These scalable, adaptable, and centralised management cloud-native technologies make it simpler for businesses to scan and safeguard sensitive data across a range of cloud platforms and on-premises systems.
  • Contextual Analysis: Sensitive data discovery tools now include contextual analysis in addition to predefined patterns and regular expressions to better understand the context in which data is used. This makes it possible to classify data, discover the true sensitivity of the data, and prevent false positives more accurately.
  • Data Privacy Regulations and Compliance: Sensitive data discovery solutions that meet particular compliance needs have been developed as a result of the global data privacy standards’ increasing complexity. In order to satisfy the requirements of organisations in various industries, vendors are concentrated on making sure their products comply with the GDPR, CCPA, HIPAA, and other data protection rules.
  • Data-Centric Security Approach: As opposed to just relying on perimeter defences, the industry has been moving towards a data-centric security approach that emphasises protecting the data itself. By assisting organisations in identifying and protecting their most important data assets, sensitive data discovery plays a significant part in this strategy.

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Artificial Intelligence

Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research

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PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.

The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
Request Sample of the Report on Military Cybersecurity Market Forecast 2033
https://www.alliedmarketresearch.com/request-sample/A323349
(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage 
Details 
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers 
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A323349
Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
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Dahua Network Camera Series Obtains CC EAL 3+ Certificate

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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.

The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com 
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AGI to Debut at COMPUTEX 2024

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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.

Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com 
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