The global data classification market was valued at USD 572.1 Mn in 2021. The market is projected to grow USD 1,857.7 Mn in 2030, at a CAGR of 25.8%. Data classification is a strategy for locating, safeguarding, and managing information that has quickly evolved into best practice. When implemented as a layered security approach, it enables a company to protect itself from a range of risks, including untrained or well-intentioned employees and hostile outsiders, while releasing the full potential of its data to spur innovation and productivity. Data classification improves data security and retrieval efficiency. Data duplications are removed from data classification using the data tagging approach, which also minimizes storage needs and backup expenses. Data classification's primary goals are to safeguard sensitive information from malware attacks and to preserve the integrity and accessibility of data kept in any storage system used by an organization. Due to the extensive features of data categorization services, industry verticals like BFSI, healthcare, and IT & telecommunication are currently adopting them, which stimulates market growth.
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The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future.
The Data Classification Market report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. The report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Data Classification Market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research.
The report provides a comprehensive analysis of company profiles listed below:
Amazon Web Services, Inc.
Boldon James Ltd
Google LLC
HANDD
IBM Corporation
Innovative Routines International (IRI), Inc.
Microsoft
Netwrix Corporation
Open Text Corporation
PKWARE, Inc.
SECLORE
Digital Guardian
Broadcom
Titus
Varonis
Veritas
Type Analysis of World Wide Data Classification Market:
Content-Based Classification
Context-Based Classification
User-Based Classification
Segmentation of global Data Classification Market by Application:
Governance, Risk and Compliance
Access Control
Web, Mobile & Email Protection
Centralized Management
Auditing & Reporting
Others
Global Data Classification Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Data Classification market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and carters, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.
The report helps in providing a wider introduction to the market and also helps in dealing with the detailed methodology of research for the calculation of the size and forecasts of the market. The sources of secondary data are used and the primary inputs are taken for the validation of data. This section also helps in the outlines the several segments that have also been covered as being a part of the report. Additionally, the Research Methodology reviews tend of providing the calculation for determining the inclinations of the global market.
