Global Data Classification Market was valued US$ 490 Mn in 2019 and is expected to reach US$ 1,900 Mn by 2026, at CAGR of 18.46 % during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Data classification in web, mobile, and email protection is playing a vital role, as the classification of data is helping in determining baseline security controls for the protection of data. Data classification solution providers are offering tools that provides a classification label on an email or document immediately alerts the user to the sensitivity of the information they are dealing with, immediately reducing the chance of accidental loss or mishandling. By providing users with simple-to-use tools that allow them to classify sensitive information and empower people across the organization to proactively improve information security.
BFSI vertical is leading in the acceptance of data classification solutions and services, because of the nature of data like Personal Credit Card Information (PCI), intellectual property (IP) related financial systems, Personally Recognizable Information (PII), authentication and access control information, and company financial information. BFSI companies need to protect personal data to accept by strict data privacy rules. Data classification enables BFSI vertical to prioritize sensitive data and rise flags if the data is mistreated.
Regulatory compliance, growth in uncontrolled data volumes, and increased security risks are major factors fueling the growth of market. Increase in adoption of data classification solutions in data security applications which are providing growth opportunities for vendors in the market.
North America is anticipated to hold the largest market share in global data classification market, while APAC is expected to grow at the highest CAGR during forecast period. In APAC, highest growth rate can be recognized to the heavy investments made by private and public sectors for improving their marketing technologies, resulting in rising demand for data classification solutions for data security and privacy.
North America is projected to be the leading region in terms of adoption and development of the data classification solutions. Growth in investments in data management strategies, increasing government spending on analytics-based technologies, presence of maximum number of data classification solution providers are probable to contribute to the market growth during the forecast period.
Key players operated in market include Google, Microsoft, AWS, Symantec, Opentext, Boldon James, Covata, Varonis, Innovative Routines International (IRI), Inc., Minereye ,Pkware, Inc., Informatica, Dataguise, Spirion, Clearswift, Seclore, Digital Guardian, Titus, Netwrix Corporation, GTB Technologies, Inc., Forcepoint , Sienna Group, LLC., Softworks AI, Expert Techsource, Janusnet
For More Information Visit @:
https://www.maximizemarketresearch.com/market-report/global-data-classification-market/23429/
Scope of Global Data Classification Market:
Global Data Classification Market by Component:
• Services
• Solution
Global Data Classification Market by Application:
• Access Control
• GRC
• Web
• Mobile & Email Protection
• Centralized Management
Global Data Classification Market by Vertical:
• Banking, Financial Services, insurance
• Healthcare and life science
• Government and Defense
• Education
• Telecom
• Media and Entertainment
• Others
Global Data Classification Market by Methodology:
• Content-Based Classification
• Context-Based Classification
• User-Based Classification
Global Data Classification Market by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa
Key players operated in market include:
• Google
• Microsoft
• AWS
• Symantec
• Opentext
• Boldon James
• Covata
• Varonis
• Innovative Routines International (IRI), Inc.
• Minereye
• Pkware, Inc.
• Informatica
• Dataguise
• Spirion
• Clearswift
• Seclore
• Digital Guardian
• Titus
• Netwrix Corporation
• GTB Technologies, Inc.
• Forcepoint
• Sienna Group, LLC.
• Softworks AI
• Expert Techsource
• Janusnet
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: sales@maximizemarketresearch.com
Address: Pune, Maharashtra 411051, India.
Contact: +919607195908
No comments:
Post a Comment