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Data Masking Market Share

ID: MRFR//4039-HCR | 100 Pages | Author: Aarti Dhapte| April 2024

As internet hazards rise and rules tighten, organizations prioritize data privacy and security. This transformed the Data Masking business. More individuals are screening their private data, which is fascinating. Data masking helps firms protect confidential data from unauthorized access. This is because data breaches are increasing. This trend illustrates the industry's commitment to protecting customer, intellectual property, and other private data, in accordance with data security and compliance laws.
GDPR and CCPA regulations affect Data Masking's growth. As governments worldwide enforce data privacy regulations, companies must have solid systems to comply. Businesses must filter data to comply. These methods conceal or alter private data while allowing legal usage. This development indicates how the industry is adapting to legal reforms to safeguard personal data and enforce standards.
New technologies like AI and ML are revolutionizing data masking. These technologies automatically locate and hide sensitive data, speeding up data filtering. AI-powered data masking can adapt to changing data settings, recognize patterns, and employ masking strategies appropriately, reducing human effort. The industry is focusing on smart, autonomous systems that can adapt to new threats and data sets.
Cloud adoption is redefining Data Masking because firms are shifting their data to the cloud for flexibility and scalability. Data concealing solutions are introducing cloud-native capabilities to safeguard data in both on-premises and cloud settings as technology advances. This development illustrates that businesses understand the need to secure cloud data and integrate solutions with cloud platforms.
Data Masking increasingly uses data-centric security approaches. Companies are prioritizing data security above border barriers. Data concealing ensures that unauthorized users can't view or utilize the data. This development indicates a more proactive and comprehensive data security posture as internet threats alter.
Data masking is expanding outside relational systems. Businesses require data concealing technologies that can manage documents, photos, and semi-structured data due to big data analytics and increasingly disorganized data. This trend illustrates that businesses understand how complicated and unique today's data ecosystems are and how crucial comprehensive data filtering solutions are to secure diverse types of data.
Working with additional protection technologies is a huge step forward for Data Masking. Companies want data concealing, encryption, access restrictions, and hazard detection solutions that function together. This combo strategy improves data security by defending against many cyber threats. This trend illustrates that businesses understand cybersecurity and the need of interoperable security technologies.

Covered Aspects:

Report Attribute/Metric	Details
Base Year For Estimation	2022
Historical Data	2018- 2022
Forecast Period	2023-2032
Growth Rate	21.43% (2023-2032)

Data Masking Market Highlights:

Data Masking Market Trends

Data Masking Market Analysis

Data Masking Market Share

Data Masking Companies

Data Masking Market Overview

The Data Masking Market size is projected to rise from USD 18.4315 Billion in 2024 to USD 71.7536 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.52% during the forecast period (2024 - 2032). Additionally, the market size for data masking was valued at USD 15.17875 Billion in 2023.

The rising demand for Data Masking solutions across industries is fueling the market growth. Organizations seek enhanced data protection against cyber-attacks while leveraging cloud-based systems for data analysis. This strengthens security and improves customer satisfaction, the key market drivers enhancing market growth.

Figure 1: Data Masking Market Size, 2022-2032 (USD Billion)

Data Masking Market Overview

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Data Masking Market Trends

Growing Demand for Data Privacy and Compliance is driving the market growth.

Data privacy and compliance have become paramount for organizations due to increasing data breaches and regulatory requirements. Data masking is crucial in safeguarding sensitive information by rendering it unreadable to unauthorized users. The market for data masking solutions is witnessing a significant growth driven by the need to meet strict privacy regulations like GDPR and CCPA. This factor contributes to the market's CAGR.

Additionally, the widespread adoption of cloud computing has necessitated the development of cloud-based data masking solutions. Seek robust and scalable data protection mechanisms. Cloud-based data masking offers several advantages, including flexibility, scalability, and ease of deployment. This trend is driven by the rising adoption of cloud services and the need to protect sensitive data stored in cloud environments. Data masking techniques have evolved to provide more sophisticated and effective protection mechanisms. Traditional masking approaches, such as static data substitution or encryption, are being augmented with advanced techniques like tokenization, format-preserving encryption, and data shuffling. These techniques offer greater security and maintain the integrity and usability of the masked data. The market is witnessing a shift toward these enhanced data masking methods to address emerging security challenges. Thus, driving the Data Masking market revenue.

Data Masking Market Segment Insights

Data Masking Component Insights

Based on components, the Data Masking market segmentation includes services, software, managed services, and professional services. The services segment dominated the market because services offer specialized knowledge and expertise in implementing data masking solutions. They have the necessary skills to customize and tailor the solution according to the specific needs of organizations, ensuring optimal data protection.

Data Masking Organization Size Insights

Based on business functions, the Data Masking market segmentation includes sales and marketing, human resource, and legal finance operations. The human resource segment dominated the market because the HR function deals with sensitive employee information, such as personal identification details, salary records, performance evaluations, and health data. Protecting this information is vital to ensure employee privacy and comply with data protection regulations. Data masking solutions provide a secure way to obfuscate sensitive HR data while maintaining its integrity for HR operations.

Data Masking Type Insights

The Data Masking market segmentation, based on type, includes dynamic data masking and static data masking. The dynamic data masking segment dominated the market; this is because Dynamic Data Masking provides real-time data protection by dynamically masking sensitive information at the time of access. Only authorized users can see the original data, while unauthorized users or those with limited access privileges see the masked data.

Figure 2: Data Masking Market, by Type, 2022 & 2032 (USD billion)

Data Masking Market, by Type

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Data Masking Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Data Masking market area will dominate this market The growth of the data masking market is fueled by the expanding IT sector and the increasing adoption of cloud-based systems. Key players in the industry are actively promoting market growth.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: DATA MASKING MARKET SHARE BY REGION 2022 (%)

DATA MASKING MARKET SHARE BY REGION

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Data Masking market accounts for the second-largest market share. This is due to enhance customer satisfaction through data analysis upon cloud-based systems. Further, the German Data Masking market held the largest market share, and the UK Data Masking market exhibited the highest growth rate among European countries.

The Asia-Pacific Data Masking Market is expected to grow at the fastest CAGR from 2023 to 2032 due the protecting the data from cyber-attacks. Moreover, China’s Data Masking market held the largest market share, and the Indian data Masking market was the fastest-growing market in the Asia-Pacific region.

Data Masking KeyMarket Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the data masking market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Data Masking industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Data Masking industry to benefit clients and increase the market sector. The Data Masking industry has offered some of the most significant advantages recently. Major players in the Data Masking market, including Oracle Corporation (U.S.), Compuware Corporation (U.S.), Innovative Routines International, Inc (U.S.), Delphix Corp (U.S.), IBM Corporation (U.S.), Net 2000 Ltd. (U.S.), Camouflage Software Inc. and others, are attempting to increase market demand by investing in research and development operations.

IBM Corporation, also known as Big Blue, intends to acquire Randori, a leading attack surface management (ASM) provider and offensive cybersecurity solutions. Randori specializes in helping clients identify and prioritize their vulnerabilities, both on-premise and in the cloud, to mitigate the most critical risks. This acquisition aligns with IBM's Hybrid Cloud strategy and reinforces its AI-driven cybersecurity offerings, aiming to enhance its portfolio of products and services.

Atlantech Online, Inc. is a leading telecommunications and data center service provider to businesses and government organizations in Maryland, Virginia, and the District of Columbia. With headquarters in Silver Spring, MD, Atlantech operates a robust fiber network that connects its data centers and over 250 major regional office buildings. Their comprehensive range of services includes high-speed Internet connectivity, SD-WAN, MPLS, data networking solutions, and a variety of telephone services such as SIP Trunking, Hosted PBX, UCaaS, and more. They also offer server colocation services through their data centers. Recently, Atlantech expanded its fiber network to include Anthem Row, providing affordable high-speed Internet access to tenants at 700 K Street, NW, and 800 K Street. Additionally, tenants can benefit from Atlantech's Hosted PBX Service, adding further value to their offerings.

Key Companies In The Data Masking Market Include

Oracle Corporation (U.S.)

Hewlett Packard Enterprise Company. (U.S.)

Delphix Corp (U.S.)

Innovative Routines International, Inc (U.S.)

Net 2000 Ltd. (U.S.)

ARCAD Software (France)

Solix Technologies, Inc (U.S.

Data Masking Industry Developments

Sept 2020: Atlantech Online announced they had lit Anthem Row with fiber. The tenants on 700 K Street, NW, and 800 K Street, can now enjoy high-speed Internet bandwidth at affordable prices. Atlantech's Hosted PBX Service service can be utilized by tenants adding to the company's legacy.

Oct 2020: Vonage has joined forces with Hacktoberfest to promote and honor contributions made to the Open Source community. As part of their collaboration, Vonage will provide access to their GitHub repositories, code snippets, and demos, supporting and encouraging developers in their Open Source endeavors

Data Masking Market Segmentation

Data Masking Component Outlook

Services

Software

Managed Services

Professional Services

Data Masking Business Function Outlook

Sales and Marketing

Human Resource

Legal Finance Operations

Data Masking Type Outlook

Dynamic Data Masking

Static Data Masking

Data Masking Regional Outlook

North America

Canada

Europe

Germany

France

Italy

Spain

Rest of Europe

Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific

Rest of the World
- Middle East
- Africa
- Latin America

Data Masking Companies

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