Global Data Classification Market 2020 | Real Time Analysis, Growth Opportunities & Forecast By 2027, Latest Report with COVID 19 Impact with Market Key Players AWS, Boldon James, Clearswift, Covata, Dataguise, Digital Guardian, Expert TechSource, Forcepo

Data classification is a process of organizing data in specific categories so that it can be more effectively used by organizations in their operations. Data classification makes data more secure and easier to retrieve. Data classification uses data tagging method, which eliminates multiple duplications of data, as well as reduces storage and helps in minimizing backup costs. The main objective of data classification is to protect confidential data from any malware attack and to maintain integrity and availability of data stored in any storage of an organization. Presently, owing to vast features of data classification services, they are being adopted by industry verticals such as BFSI, healthcare, and IT & telecom, which boosts the market growth.

The report offers key drivers that propel the growth in the Data Classification Market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the business for future challenges in advance.

Rise in technological advancements and favorable government regulations in developed countries boost the market growth. In addition, growth in malware attacks and surge in adoption of data classification solutions by industry verticals is anticipated to supplement the market growth. However, lack of technical expertise and data standardization issues hamper the market growth. Furthermore, increase in adoption of internet of things (IoT) and mobile-based applications is expected to provide lucrative opportunities for the global data classification market.

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The research offers a detailed segmentation of the Data Classification Market. Key segments analyzed in the research include Application Type, End User Type, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Application Type, End User Type for the historic period and the forecast period is offered with the help of tables.

Major players include AWS, Boldon James, Clearswift, Covata, Dataguise, Digital Guardian, Expert TechSource, Forcepoint, Google LLC, GTB Technologies, IBM Corporation, Informatica, Janusnet, Microsoft Corporation, MinerEye, Netwrix Corporation, OpenText, PKWARE, Symantec, Titus, Sienna Group, SoftWorks AI, Seclore, and Varonis.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

Key benefits of the report:

This study presents the analytical depiction of the data classification market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the data classification market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.

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