Press release
Data Classification Market Size to Surpass US$ 9.1 Billion by 2032, Exhibiting a CAGR of 21.87% | IMARC Group
Data Classification Market Report 2024-2032
How big is the data classification market?
The global data classification market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2032, exhibiting a growth rate (CAGR) of 21.87% during 2024-2032.
Global Data Classification Market Trends:
The increasing volume of data generated by organizations necessitates efficient methods of organization and protection. Data classification provides a structured approach to categorizing data, ensuring that sensitive information is appropriately secured and compliant with data privacy regulations. The growing awareness of cybersecurity threats has heightened the importance of data protection. Organizations are increasingly investing in data classification solutions to safeguard their sensitive information from data breaches and cyberattacks. Additionally, regulatory requirements, such as GDPR and HIPAA, mandate data protection measures, further propelling the adoption of data classification technologies.
Request to Get the Sample Report: https://www.imarcgroup.com/data-classification-market/requestsample
Factors Affecting the Growth of the Data Classification Industry:
Technological Advancements in Data Management:
The data classification market is significantly influenced by advancements in technology related to data management. With the exponential growth in data volume, driven by increased internet usage, social media, and the proliferation of smart devices, there is a heightened need for efficient data classification solutions. These technologies enable organizations to categorize vast amounts of data effectively, facilitating better data security, compliance with regulations, and efficient data management. Moreover, the advent of artificial intelligence and machine learning has further revolutionized this field. These technologies provide enhanced accuracy in data classification by identifying patterns and categorizing data more precisely than traditional methods. As a result, organizations are increasingly adopting advanced data classification tools, which is a key driver for market growth.
Regulatory Compliance and Data Protection Laws:
Another significant factor contributing to the growth of the data classification market is the increasing stringency of regulatory compliance and data protection laws globally. Regulations mandate stringent data handling and privacy practices. These regulations compel organizations to implement robust data classification systems to ensure compliance. Non-compliance can result in hefty fines and reputational damage, incentivizing businesses to invest in these systems. Furthermore, the increasing awareness of data breaches and cyber threats has made data security a top priority for organizations, thus driving the demand for data classification solutions that help in identifying sensitive data and protecting it from unauthorized access.
Increasing Demand for Cloud-based Solutions:
The shift towards cloud-based services is profoundly influencing the growth of the data classification market. Cloud-based data classification solutions offer scalability, flexibility, and cost-effectiveness, making them attractive to businesses, especially small and medium-sized enterprises (SMEs). These solutions enable organizations to manage and classify data stored in the cloud efficiently, which is crucial as more businesses migrate their operations to cloud platforms. Additionally, cloud-based solutions often come with advanced security features and regular updates, which are essential for data protection in the ever-evolving digital landscape. The increasing adoption of cloud computing, coupled with the benefits offered by cloud-based data classification solutions, is thus a key factor driving the expansion of this market.
Data Classification Market Report Segmentation:
By Component:
• Software
• Services
Solutions represented the largest segment due to the increasing demand for comprehensive data classification tools and software.
By Type:
• Content-based Classification
• Context-based Classification
• User-based Classification
User-based Classification represented the largest segment as it aligns with the growing need for user-centric data access control and security measures.
By Deployment Mode:
• On-premises
• Cloud-based
By deployment mode, the market is segmented into on-premises and cloud-based.
By Application:
• Access Control
• Governance and Regularity Compliance
• Web, Mobile and Email Protection
• Auditing and Reporting
• Others
Governance and Regulatory Compliance (GRC) represented the largest segment, driven by strict data compliance regulations and the need for organizations to adhere to them.
By Industry Vertical:
• BFSI
• Healthcare
• Government and Defense
• IT and Telecom
• Energy and Utilities
• Others
BFSI represented the largest segment, primarily because of the critical nature of data security and compliance in the banking and financial sector.
Regional Insights:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
North America emerged as the largest market due to its advanced technological infrastructure and a high level of awareness about data security and compliance in the region.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• Forcepoint LLC
• Fortra LLC
• HANDD Business Solutions
• Netwrix Corporation
• Varonis Systems Inc.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=12707&flag=C
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Classification Market Size to Surpass US$ 9.1 Billion by 2032, Exhibiting a CAGR of 21.87% | IMARC Group here
News-ID: 3389660 • Views: …
More Releases from IMARC Group
Setting up An Acetonitrile Production Plant in Saudi Arabia (2025): Cost Breakdo …
IMARC Group's "Acetonitrile Production Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" provides a detailed roadmap for establishing an acetonitrile manufacturing plant in Saudi Arabia. The report offers every critical aspect of the setup process, such as unit operations, raw material requirements, utility supply, infrastructural needs, machinery models, labour necessities, transportation timelines, packaging costs, etc.
In addition to the operational aspects, the report…
Indonesia Frozen Food Market Outlook, Share, Size, Demand, Growth Rate, Industry …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Frozen Food Market Report by Type (Frozen Fruits and Vegetables, Frozen Ready Meals, Frozen Meat Products, Frozen Fish/Sea Food, Frozen Bakery Products, Others), Distribution Channel (Hypermarkets and Supermarkets, Grocery Stores/Convenience Stores, Online Retail Stores, Others), and Region 2025-2033," the report presents a thorough review featuring the Indonesia frozen food market trends, growth, share, and research of…
Fertilizer Industry in India: Market Size, Share, Demand, Forecast & Outlook Rep …
According to IMARC Group's report titled "Indian Fertilizer Market Report by Product Type (Chemical Fertilizers, Biofertilizers), Segment (Complex Fertilizers, DAP, MOP, Urea, SSP, and Others), Formulation (Liquid, Dry), Application (Farming, Gardening), and Region 2025-2033", the report presents a thorough review featuring the market share, growth, share, trends, and research of the industry.
How Big is the Indian Fertilizer Industry?
The Indian fertilizer market size was valued INR 982.0 Billion in 2024. By…
Setting Up a Steel Forging Manufacturing Plant in Saudi Arabia (2025): A Complet …
IMARC Group's "Steel Forging Manufacturing Plant Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" provides a detailed roadmap for establishing a steel forging manufacturing plant in Saudi Arabia. The report offers every critical aspect of the setup process, such as unit operations, raw material requirements, utility supply, infrastructural needs, machinery models, labor necessities, transportation timelines, and packaging costs.
In addition to the operational aspects,…
More Releases for Classification
Classification of Automobile Interior Manufacturing Processes
1. Injection molding
It refers to injecting the heated and melted material into the mold cavity under high pressure, cooling and solidifying it to obtain a molded product. This method is suitable for the mass production of parts with complex shapes and is an important processing method.
There are several common types, including conventional injection molding, inlay injection molding, double-material injection molding, micro-foam injection molding, low-pressure injection molding, gas-assisted injection molding, and…
Specifications and Classification of Optical Modules
Distinction between SFF/SFP/SFP+ and XFP optical modules
If it is classified according to the type of package,
PON optical modules can be divided into two types
SFF optical module [https://www.hdv-fiber.com/] (this module is small in size, generally fixed, welded on a fixed PCBA, can not be removed and inserted, performance related stability, reducing the influence factors caused by the removal process),
SFP (This module is small in size, but can be plugged in, the…
Detailed classification of IP waterproof level
The following waterproof levels refer to international applicable standards such as IEC60529, GB4208, GB/T10485-2007, DIN40050-9, ISO20653, ISO16750, etc.:
1. Scope: The scope of waterproof test covers the protection levels with the second characteristic number from 1 to 9, coded as IPX1 to IPX9K.
2. Contents of various levels of waterproof test: IP protection level is an international standard used to evaluate the protection ability of the housing of electrical equipment against solid…
A Guide to Data Classification
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…
Switchgear: Working, Characters, and Classification
Electrical switchgear is used in both high and low-voltage power transformers and is connected to electrical supply networks. Its goal is to de-energize the system so that maintenance and repairs may be made to fix the problems.
Every time a power system flaw, such as a short circuit, a large number of current flows via electric setup, destroying the structure and disrupting supply to the consumers. The best possible electrical protection…
Classification of Welding Methods
Spiral welded steel pipe according to the welding method can be divided into different arc welding pipe, high frequency or low frequency resistance welded pipe, gas pipe, furnace pipe, Bundy tube.
Welded steel pipe: for oil drilling and machinery manufacturing industry.
Welded pipe: can be used as water and gas pipes, large diameter straight seam welded pipe for high pressure oil and gas transportation; spiral welded pipe for oil and gas transportation,…
