Global Data Classification Market Size is estimated to expand rapidly in coming years, at a CAGR of 26.5 % from 2018 to 2027. In 2018, the global market valuation was USD 541.23 million, and it is anticipated to be greater than USD xx.xx million by 2027. Data classification is the mechanism by which different users within and outside the organization may classify the data type in relation to its origin, purpose, and availability. The scope includes both the software and services classified industry and the forecasts cover both divisions. The main goal of data classification is that data stored in the respective entity must be kept central, confidential, and available.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2027
The retail, government and healthcare markets, for instance, are required to provide data protection to ensure data integrity and privacy where user data is deemed highly confidential. Some of the key factors for increasing the demand for solutions of data classification during the forecast period are the surge in analytical applications with stored data and the concern for data theft due to mismanagement.
The rise in cyber threats at an alarming rate was a key problem for both a corporation and personal computer users. Since all developments in the environment of mobile apps and the internet have also increased in recent years ' risk of data vulnerability. In general, business organizations have to deal often with the storing, transferring, migration, and outsourcing of their user information on open source systems with tough challenges in relation to their data security and vulnerability.
Organizations in the developing countries are taking steps regarding the risks related to data protection and information management. Moreover increasing cyber security threats, government’s stringent regulations for data management and data protection laws are some of the key factors which will provide firm space for the market development for data classification solution and services.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global data classification market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global data classification market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.
During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global data classification market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
We have covered two proprietary models in the data classification report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.
By Application Insights: On the basis of application, global data classification market has been segmented into GRC, access control, web, mobile & email protection, centralized management. Among which web, mobile and email protection segment is playing crucial role in the development of data classification. Web mobile and email identification of data plays a key role in deciding baseline data protection security controls by classifying information. Data Classification Providers have services that automatically warn the user of the quality of the data they are dealing with on an e-mail or file with the classification tag, thus reducing the chance of unintended loss or misuse. Through supplying users with simple tools, they can identify data sensitive and enable individuals throughout the enterprise to enhance information security proactively.
By Methodology Insights: On the basis of methodology, global data classification market has been segmented into content-based classification, context-based classification, and user-based classification. Among which user-based classification segment is expected to hold major share in the global market of data classification. A classification system on the basis of users allows data owners to use their knowledge to improve consistency in classification. While making a file, or after modification, the User Classification relies on the holder of the dataset. In addition, the user-based identification offers in real-time feedback about risky behavior, which allows users to correct themselves.
The data classification market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of the adoption and growth of data classification solutions, North America is projected to be the leading region. Increased investment in data management strategies, the emergence and increase in government spending on research based technology, and the existence of a growing number of data classification solution providers would contribute to the market growth over the forecast period.
Global Data Classification Market Size, Share Analysis by Region 2018
With North America, APAC region is expected to show high growth in the global market of data classification market. The highest growth rate in APAC is the result of the heavy private and public sector investments in the development of its marketing technology, which leads to increased demand for data classification solutions for data security and privacy. Risk management is also one of the areas in which officials of government have raised their data integrity and handling roles. In the countries of APAC, users have always been concerned with handling data, which will ultimately provide the right space to develop market for information classification solutions and services, in accordance with their job role and authorization.
Europe is anticipated to register a significant CAGR of approximately 25% over the forecast period. This rise in the adoption of data classification solution in Europe is due to the recent implementation of the General Data Protection Regulation (GDPR) that focuses on protecting the right to data privacy.
Global Data Classification Market Study Objective
1. To forecast the market size of data classification market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of data classification market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of data classification market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of data classification market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the data classification market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
IBM, Google, Microsoft, AWS, Symantec, OpenText, Covata, Boldon James, Varonis, Innovative Routines International, Informatica, Dataguise, Spirion, Digital Guardian, Titus, Netwrix Corporation, PKWARE, GTB Technologies, Forcepoint, Sienna Group, MinerEye, SoftWorks AI, Expert TechSource, Clearswift, Seclore, and Janusnet are some of the key players in the market of data classification. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Data Classification Market Study Report Offer You!
The global data classification market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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