According to Dhirtek Business Research, “global data masking market by component (solution, services), deployment model (on-premises and cloud-based), enterprise size (small & medium enterprises and large enterprises), applications (finance, operations, marketing and sales, human resources, legal, others), industry (banking, financial services, and insurance, healthcare, and life sciences, retail and eCommerce, telecommunications and IT, government and defense, media and entertainment, manufacturing, others)” generated revenue of US$ 443.5 million in 2020 and is expected to reach US$ 862.2 million by 2025 with a CAGR of 14.2% in the forecast period.
Based on the region, the data masking market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a dominant position in the market in 2020 and is expected to remain dominant over the forecast period. Moreover, Asia Pacific expected to grow with the highest CAGR in the forecast period. China, India, and Japan are some of the market-driven countries in this region.
Based on industry, the retail and eCommerce segment holds a dominant market position in 2020 and is expected to remain dominant throughout the forecast period. Based on the size of the enterprise, the segment of small and medium-sized enterprises is projected to expand at the fastest CAGR in the forecast period. Also, the large enterprise segment holds a dominant market position in 2020 and is expected to remain dominant throughout the forecast period.
Based on the deployment model, the cloud-based deployment model is expected to grow with the highest CAGR during the forecast period. Moreover, the on-premises deployment model holds the dominating position of the market in 2020 and is expected to retain its dominance throughout the forecast period.
The research report provides a detailed analysis of the global market dynamics in data masking. Considering 2019 as the base year, the study presents estimated market data for the 2020 to 2025 forecast period. The report includes the data masking market for various industries across different geographic regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). It also focuses on key developments and threats impacting the market and the vendor landscape. The study contains a chapter explaining the impact of COVID 19 on the global market for data masking. The study further discusses the key factors, the business environment, and emerging developments in the data masking market. The study ends with an overview of the data masking providers and provides comprehensive profiles of the key players in the global data masking market.
Scope of the report:
By Component
By Deployment Model
By Enterprise Size
By Application
By Industry
By Region
Data Masking Market Players:
Some of the major players of data masking market are ARCAD Software, Compuware Corporation, Deplhix, Ekobit d.o.o. , IBM Corporation, Informatica, Innovative Routines International, Inc., Mentis Technology, Micro Focus (Formerly Hpe Software), Oracle Corporation. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions to create disruptive technologies and consumer networks.