Press release
Data Classification Market Business Insights and Development 2022 to 2027
The Data Classification Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Data Classification market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Data Classification market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Data Classification market.The global data classification market is expected to register a CAGR of about 24.0% during the forecast period 2021-2026.
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Top Leading Companies of Data Classification Market are - Amazon Web Services, Inc., Boldon James Ltd (QinetiQ), Covata Limited, Digital Guardian, HANDD Business Solutions, IBM Corporation, Microsoft Corporation, Open Text Corporation, SECLORE, Broadcom Inc. (Symantec Corporation) and others.
Industry News and Updates:
- May 2019 - Seclore introduced advanced email encryption solution compatible with Microsoft Office and 365, to augment security, data classification and data loss protection features for users. This innovative product is expected to enhance Seclore market competitiveness in the data classification domain.
- October 2018 - PKWARE, Inc., launched the Smartcrypt Classification solution to enhance its product offering in data classification and security industry.
Key Market Trends:
Surge in Data Security Solutions for Increased Malware Infection Rates in Computers
- It's been a critical concern for a business organization as well as personal computer users about the increase in cyber threats at an alarming rate. As everything is shifting to the world of internet and mobile-based apps, the threat of data vulnerability has also increased in these recent years. Specifically, business organizations are facing tough challenges with respect to their data security and vulnerability, as they many times have to deal with storing, shifting, migrating and outsourcing their user data on open source platforms.
- Organizations in developing economies like China, India, Russia, Brazil, and others are very much open to risks related to data protection and information management. According to the recent publication from Cybersecurity Insiders, China remains at the top in the list of the highest malware infection rates in computers with a 49% infection rate.
Government Mandate in Developed Nations is Driving the Demand for Data Classification Services
- In countries like the US, UK, Germany, Singapore and some others where the government has regulated the IT environment with data encryption and protection laws, tech firms are finding opportunity areas to promote their data classification services in these markets. Governments in the US and UK have established three-tiered classification schemes for public sector data. Even the government of Washington has gone beyond this range and has established a five-tiered classification scheme, which has well applauded by open data advocates in the region.
- Risk management also, one of the areas where government officials have raised their bar of data integrity and data handling roles. In these countries, it's always been a concern for the user groups to handle public data depending upon their job roles and authorization, which eventually provide the right space for market development for data classification solutions and services.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Data Classification Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Data Classification Market (%),2016 - 2026
- Data Classification Market Share, By Brand
- Data Classification Market Share, By Company
- Data Classification Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Data Classification Market Value Analysis & Forecast
- Promising Data Classification Development by Major Companies
- Detailed Data Classification Portfolio of the Major Companies
- Major Deals in the Data Classification Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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