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Data Masking Technology Market 2022: Emerging Technologies, Sales Revenue, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Data Masking Technology Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Data Masking Technology Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Data Masking Technology Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Global Data Masking Technology Market Overview

Data masking technology provide data security by replicating the original data into a non-sensitive proxy which looks like the similar data. Non-sensitive data can be used in business process for analysis and testing without any risk of breaking the business. Data masking technology is one of the effective ways of reducing the risk of sensitive data from outside and inside threats. Data masking technology is performed in such a way that actual values are reserved along with functional and structural meaning of data.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Market Size and Forecast

The Data masking technology market, in terms of value, is expected to grow rapidly during the forecasted period at a good CAGR due to the need to protect data from unauthorized exposures. Technological advancements also results in various data related threats such as internal data breaches and cyber-attacks which encourages the enterprises to safeguard their data.In terms of regional platform, North America holds the latest market share in data masking technology due the presence of developed economies such as US which stressing over advance innovating existing solutions. North America backs a major share in the generation of data and thus data security is in great demand which expected to spur the growth of data masking technology market in this region over the forecasted period. Penetration of analytics and early adoption of technologies across many industries such as transportation, manufacturing, and healthcare expected to drive the growth of data masking technology market in this region over the forecasted period.

data masking technology

Asia Pacific is expected to be the fast growing market for data masking technology in terms of revenue due to the increasing volume of data and the need for solutions to protect sensitive data expected to drive the growth of data masking technology market over the forecasted period. Flow of data in this region has witnessed a rapid growth due to the adoption of IOT and remote sensors across many industries which further expected to increase the market growth of data masking technology over the forecasted period.In terms of end user, the retail industry is expected to hold the largest market share over the forecasted period. Data masking technology is used by many organizations in this industry to ensure the security of customer’s sensitive data and to maintain their brand image in the market. Need for solutions to avoid frauds helps in fueling the growth of data masking technology among this vertical.

Key players

Some of the examples of market players in the global data masking technology market identified across the value chain include:

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Market Segmentation

Our-in depth analysis of the global data masking technology market includes the following segments:

By Component

Software
Services
Managed services
Professional services
By End User

BFSI
Retail Industry
Telecomm Industry
Health Care Industry
Education Industry
Automobile Industry
Public sector Industry
Others
By Type

ETL
In-Place masking
Dynamic masking
By Deployment Model

Cloud
On- Premise
By Region

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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