Data Classification Market is Booming Worldwide | IBM, Google, Microsoft
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Scope of the Report of Data Classification
Data classification is the procedure of organizing data into categories for its most efficient and effective use. A well-organized data classification system makes essential data easy to retrieve and find. It is mainly a data management process. This can be used for risk management, compliance, and legal discovery. Written guidelines and procedures for data classification should define what categories and criteria the organization will use to classify data and specify the roles and responsibilities of employees within the organization about data stewardship. That data classification scheme will specify appropriate handling practices for each category and storage standards. According to AMA, the market for Data Classification is expected to register a CAGR of 24.8% during the forecast period to 2026. This growth is primarily driven by Mandatory Compliance with Stringent Regulations and Growth in Uncontrolled Data Volumes and Increased Security Risks.
The titled segments and sub-section of the market are illuminated below:
by Application (Access Control, Governance, Risk, and Compliance, Web, Mobile, and Email Protection, Centralized Management), Components (Solutions (Standalone Solution, Integrated Solution), Services (Professional Services, Managed Services)), Vertical (Banking, Financial Services, and Insurance, Healthcare and Life Sciences, Government and Defense, Education, Telecom, Media and Entertainment, Others), Methodology (Content-Based Classification, Context-Based Classification, User-Based Classification), Deployment (On-premises, Cloud)
Integration of AI and ML into Data Classification
Growing Demand for Data Driven Decision-Making Process
Data classification has emerged as a significant tool nowadays
Data security is one of the major factors for organizations
Mandatory Compliance with Stringent Regulations
Growth in Uncontrolled Data Volumes and Increased Security Risks
Key Developments in the Market:
On 28 Oct. 2018, IBM acquired Red Hat for 34 Billion USD. and On 4 June 2018, Microsoft acquired Github, world's leading software development platform in 7.5 Billion USD.
Boldon James a data classification leader has announced the release of Classifier 3.13. This latest version of the market-leading data classification and protection solution, Classifier, offers new powerful classification and data control features to enable security, governance and compliance managers to ensure they are compliant with emerging data protection regulations, such as GDPR.
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Data Classification Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Data Classification market
Chapter 2: Exclusive Summary - the basic information of the Data Classification Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Data Classification
Chapter 4: Presenting the Data Classification Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Data Classification market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Data Classification Market is a valuable source of guidance for individuals and companies.
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Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
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