Data Masking Market Overview
Data masking is a security technique that obfuscates sensitive data in a way that is no longer identifiable or usable by unauthorized individuals. This is done to protect sensitive data from unauthorized access, disclosure, or misuse, such as in the event of a data breach.
The data masking market is growing rapidly due to the increasing number of data breaches and cyberattacks. Organizations are increasingly adopting data masking solutions to protect their sensitive data and comply with data privacy regulations.
The global data masking market is expected to reach USD 23.5495 billion by 2032, growing at a CAGR of 12.59% from 2023 to 2032.
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Key Drivers of the Data Masking Market
The major drivers of the data masking market are:
- Increasing number of data breaches and cyberattacks
- Rising awareness of data privacy regulations
- Growing demand for cloud-based data masking solutions
- Increasing adoption of big data analytics
- Growing need for compliance with data privacy regulations
Key Companies in the Data Masking Market
The major players in the data masking market are:
- Delphix
- Solix Technologies
- HPE
- TCS
- Innovative Routines International (IRI)
- Arcad Software
- IBM Corporation
- Micro Focus International PLC
- Oracle Corporation
- Mentis
- Compuware
- Thales e-Security
- Informatica
- CA Technologies
- Imperva
Market Segmentation
The data masking market is segmented by:
- Type: Static data masking, Dynamic data masking
- Application: IT & ITeS, BFSI, Government, Healthcare, Retail, Manufacturing, Others
- Deployment: On-premises, Cloud
- Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Regional Insights
The North American region is expected to dominate the data masking market during the forecast period due to the presence of a large number of data-driven organizations and the high adoption of data privacy regulations.
The European region is also expected to grow at a significant rate during the forecast period due to the increasing awareness of data privacy regulations and the growing adoption of big data analytics.
The Asia Pacific region is expected to be the fastest-growing market for data masking during the forecast period due to the growing number of data breaches and cyberattacks, and the increasing adoption of cloud-based data masking solutions.
Industry Latest News
- In March 2023, Delphix announced the acquisition of Solix Technologies, a leading provider of data masking solutions. This acquisition will help Delphix to expand its product portfolio and reach a wider customer base.
- In April 2023, HPE announced the launch of its new data masking solution, HPE Data Masking for Cloud. This solution is designed to help organizations protect their sensitive data in the cloud.
- In May 2023, TCS announced the launch of its new data masking solution, TCS Data Masking for Big Data. This solution is designed to help organizations protect their sensitive data in big data environments.
