Data Classification Market Growth, Trend, Segmentation, Revenue and Industry Expansion Forecast Report, The Insight Partners

The data classification market size is expected to reach US$ 3,577.49 million by 2027. Registering at a CAGR of 27.6% during the forecast period of 2020 to 2027, according to a new research study conducted by The Insight Partners. The data classification is a tool that classifies enormous data into varied tabs to maximize most out of it while maintaining the privacy of confidential data. The commercialization of data protection laws such as GDPR and Health Insurance Portability and Accountability Act (HIPAA) is directly linked to impact the scope of data classification worldwide. Growing business data and cloud migrations, ramp up of personal data identification, threat to privacy in email, leverage of machine learning, and converge of data management and data protection are among the factors that play a significant role in accelerating the scope of data classification. The data classification is receiving high momentum across the world. The roll-out of data classification tool to combat situation of cyber threats is paving the path for the market growth.

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 The data classification market is segmented into component, application, vertical, and geography. Based on component, the solution segment held the largest share of global data classification market. The data classification solution derives security controls applied to the particular set of data. Based on application, the web, mobile, and email protection segment dominated the global data classification market in 2019. With rise in the use of email, mobile, and web application for transferring data among corporates and industries, the data protection and data classification tools have become a necessity. Based on vertical, the BFSI segment contributed a substantial share in 2019 and is projected to continue its dominance during the forecast period. Geographically, the market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).

The US, Germany, the UK, and Singapore are among the countries where the government has regulated IT companies with data encryption and protection laws owing to which tech firms are finding opportunities in these markets to promote their data classification services. The US and UK governments have set up three-tiered data classification schemes for the public sector. Even the Washington government has gone beyond this range and established a five-tiered classification scheme and has been well applauded by the region's open data advocates by creating potential space for the domain's industry vendors. Various financial services companies, such as insurance companies and banks, are the primary users of data classification solutions as they have to deal with large volumes of personally identifiable information (PII) and government data protection regulations.

The scope of the Data Classification Market Report:

The investigation report revolves around the current market designs, astonishing entryways, future ability of the market, and competition in the Data Classification in North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The concentrate also gives market encounters and examination of the Data Classification, highlighting the creative market designs, gathering rate, industry components, and genuine assessment of focal parts in the business.

Major highlights of the report:

All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Procurement as-a-Service Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.   

Major Key players covered in this Data Classification Market report -

•Boldon James
•Google LLC
•Microsoft Corporation
•Open Text Corporation
•DATAGUISE
•Informatica
•Netwrix Corporation
•PKWARE, Inc.
•Titus
•Varonis

Data Classification Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Data Classification Market.
Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
The key findings and recommendations highlight crucial progressive industry trends in the Data Classification Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue. 
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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