Market Highlights
The
process of sorting, organizing and managing the different data sets on the
basis of file properties, structures, and demographics for effective and
efficient use in enterprises is termed as data classification. Data
classification solutions make it easy for any system to easily categorize, find
and retrieve data. The vendors providing data classification solutions provide
an intetgrated solution rather than standalone solution such as data security,
and data loss prevention solution integrated with other data analysis, or data
processing solutions.
The
vendors providing data classification solutions provide an integrated solution
rather than standalone solution such as data security, and data loss prevention
solution integrated with other data analysis, or data processing solutions.
These solutions are also often integrated with data center software
infrastructure.
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Key Players:
The
key players in the data classification market are identified across all the
major regions based on their country of origin, presence across different
regions, recent key developments, product diversification, and industry
expertise. Some of them are—Amazon Web Services (US), IBM Corporation (US),
Microsoft Corporation (US), Google LLC (US), Symantec Corporation (US),
OpenText Corporation (Canada), Covata Ltd (Australia), Boldon James Ltd (UK),
Varonis Systems Inc (US), and Innovative Routines International Inc (US). These
players contribute a major proportion towards market growth.
Apart
from the top key players, the other players contribute nearly 30–35 % in the
data classification market. These include Innovative Routines International Inc
(US), Informatica (US), DataGuise Inc (US), Spirion LLC (US), Digital Guardian
(US), Titus (Canada), Netwrix Corporation (US), PKWARE (US), GTB Technologies
(US), Forcepoint (US), Sienna Group (US), MinerEye (Israel), SoftWorks AI (US),
Expert TechSource (India), Clearswift (UK), Seclore (US), and Janusnet
(Australia). and others.
Segmentation:
According
to Market Research Future, the global data classification market is segmented
into component, type, application, and region.
By type, the market is segmented into
context-based, content-based, and user-based. Context based data classification
dominated the market by type owing to the freedom of classifying data based on
the functionalities. By application, the market is segmented into access
control, GRC, web, mobile & e-mail protection, and centralized management.
Data access control dominates the data classification market based on
application. However, due to high demand of mobile and e-mail protection, it is
expected to be growing with the highest growth rate during the forecast period.
Moreover, as the nature of data varies at each processing level, the banking
and financial service sector has the wide adoption of data classification
solution. The data gathered by the public information, credit information, and
transaction of records have encouraged the BFSI vendors to follow strict
government and data privacy regulations. It also enables the companies to
prioritize sensitive data in case of any mis consent.
By region, the data classification market
is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Regional Analysis:
The
market for data classification is estimated to grow at a significant rate
during the forecast period from 2018 to 2023. The geographical analysis of data
classification market is studied for North America, Europe, Asia-Pacific, and
the rest of the world (including the Middle East, Africa, and Latin America).
The market is dominated by North America owing to major developments by key
players in the data classification market. Nearly 70% of the data
classification companies have their presence in the US.
On
the other hand, Europe closely follows North America and is estimated to be the
second largest region by revenue by 2023. Asia-Pacific is expected to be the
highest fastest growing region with highest CAGR during the forecast period
since due to growth in the semiconductor industry, and digital infrastructure.
The BFSI and IT sector in Asia-Pacific is growing at a rapid pace and countries
such as India, and Japan are expected to be among the top IT regions by 2025.
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List
of Tables
Table
1 Global Data Classification Market, By Component, 2018–2023
Table
2 Global Data Classification Market, By Type, 2018–2023
Table
3 Global Data Classification Market, By Application, 2018–2023
Table
4 Global Data Classification Market, By Region, 2018–2023
Table
5 North America: Data Classification Market, By Country, 2018–2023
Table
6 North America Data Classification, Market, By Component, 2018–2023
Table
7 North America Data Classification, Market, By Type, 2018–2023
Table
8 North America Data Classification Market, By Application, 2018–2023
Table
9 US Data Classification, Market, By Component, 2018–2023
Table
10 US Data Classification, Market, By Type, 2018–2023
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