GRC Data Classification Market: Meeting Compliance and Data Security Demands

Global Governance, Risk Management and Compliance (GRC) Data Classification Market, By Component (Solutions, Services), Methodology (Content-Based Classification, Context-Based Classification, User-Based Classification), Vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare and Life Sciences, Government and Defence, Education, Telecom, Media and Entertainment, Others) - Industry Trends and Forecast to 2030.

Data Bridge Market Research analyses that the Global Governance, Risk Management and Compliance (GRC) Data Classification Market which was USD 50315.58 Billion in 2022 is expected to reach USD 60490.3 Million by 2030 and is expected to undergo a CAGR of 14.10% during the forecast period of 2022 to 2030

Explore Further Details about This Research Governance, Risk Management and Compliance (GRC) Data Classification Market Share Report https://www.databridgemarketresearch.com/reports/global-governance-risk-management-and-compliance-grc-data-classification-market

**Segments**

- **By Component**: The GRC data classification market can be segmented by component into solutions and services. Solutions are further split into standalone solutions and integrated solutions. Services include professional services and managed services. The demand for integrated solutions is on the rise as organizations look for streamlined GRC processes.
- **By Vertical**: Verticals that heavily rely on GRC data classification solutions include BFSI, healthcare, IT and telecom, government and defense, retail, energy and utilities, and others. Each industry has unique data classification requirements based on regulatory compliance and risk management frameworks.
- **By Deployment Mode**: The market can be categorized by deployment mode into on-premises and cloud-based. Cloud-based deployment is gaining traction due to its scalability, flexibility, and cost-effectiveness compared to traditional on-premises setups.

**Market Players**

- **IBM Corporation**: IBM offers data classification solutions as part of its broader GRC portfolio, catering to various industries with its advanced technologies and expertise.
- **Microsoft Corporation**: Microsoft provides robust data classification tools within its suite of products, enabling organizations to efficiently manage GRC challenges.
- **Symantec Corporation**: Symantec specializes in cybersecurity solutions, including data classification offerings that help organizations secure their sensitive information effectively.
- **SAP SE**: SAP SE offers comprehensive GRC data classification solutions, leveraging its domain expertise and technology capabilities to address complex governance and compliance needs.
- **OpenText Corporation**: OpenText provides GRC data classification solutions that empower organizations to classify, manage, and protect their data in accordance with regulatory requirements.

The Global Governance, Risk Management and Compliance (GRC) Data Classification Market is witnessing significant growth driven by the increasing focus on data security, privacy regulations, and compliance requirements across industries. Organizations are recognizing the importance of effective data classification in managing risks, ensuring regulatory compliance, and safeguarding sensitive information. With the rise of cyber threats and data breaches, there is a growing need for robust GRC data classification solutions that canThe Global Governance, Risk Management and Compliance (GRC) Data Classification Market is rapidly evolving, driven by the escalating concerns surrounding data security, increasing privacy regulations, and stringent compliance requirements across various industries. Organizations worldwide are acknowledging the critical role that efficient data classification plays in managing risks, ensuring adherence to regulations, and fortifying the protection of sensitive information. As cyber threats and data breaches continue to pose significant challenges, the demand for robust GRC data classification solutions is surging.

In the competitive landscape of the GRC data classification market, key players such as IBM Corporation, Microsoft Corporation, Symantec Corporation, SAP SE, and OpenText Corporation are prominent contenders offering cutting-edge solutions tailored to address the diverse needs of organizations across different sectors. These market players stand out for their advanced technologies, domain expertise, and comprehensive GRC portfolios that cater to the intricate governance, risk management, and compliance requirements of businesses.

IBM Corporation is renowned for its robust data classification solutions integrated within its extensive GRC offerings, providing organizations with sophisticated tools to enhance their risk management capabilities. Microsoft Corporation, a major player in the industry, delivers powerful data classification functionalities through its suite of products, enabling efficient GRC management and enforcement of data protection measures. Symantec Corporation specializes in cybersecurity solutions, offering advanced data classification tools that play a pivotal role in safeguarding sensitive information from emerging threats.

SAP SE is a key player in the GRC data classification market, providing comprehensive solutions that leverage its technological prowess and industry-specific knowledge to address complex governance and compliance challenges faced by organizations. OpenText Corporation offers GRC data classification solutions that empower businesses to effectively classify, manage, and safeguard their data in alignment with regulatory mandates, strengthening their overall risk management strategies.

The segmentation of the GRC data classification market based on components, verticals, and deployment modes provides valuable insights into the diverse needs and preferences of organizations seeking effective data classification solutions. The increasing preference for integrated solutions, especially in industries such as BFSI, healthcare, IT**Market Players:**

- IBM (U.S.)
- Microsoft Corporation (U.S.)
- RSA Security LLC (U.S.)
- Symantec Corporation (U.S.)
- OpenText Corporation (Canada)
- Veritas Technologies LLC (U.S.)
- Informatica LLC (U.S.)
- Micro Focus International plc (U.K.)
- Proofpoint, Inc. (U.S.)
- Varonis Systems, Inc. (U.S.)
- Spirion, LLC (U.S.)
- OneTrust, LLC (U.S.)
- AvePoint, Inc. (U.S.)
- Netwrix Corporation (U.S.)
- Titus (Canada)

The Global Governance, Risk Management and Compliance (GRC) Data Classification Market is witnessing substantial growth due to the escalating concerns around data security, privacy regulations, and compliance demands across industries. The increasing focus on effective data classification to manage risks, ensure regulatory compliance, and protect sensitive information is driving the market forward. With the rise of cyber threats and data breaches, organizations are increasingly turning to advanced GRC data classification solutions to fortify their data protection strategies.

The market is experiencing rapid evolution as organizations globally acknowledge the pivotal role of efficient data classification in navigating risks and regulatory landscapes. The demand for robust GRC data classification solutions is surging as businesses aim to strengthen their compliance posture and ensure the security of their critical information in a dynamic threat environment.

Key market players such as IBM Corporation, Microsoft Corporation, Symantec Corporation, SAP SE,

Table Of Content

1 Introduction

1.1 Objectives Of The Study

1.2 Governance, Risk Management and Compliance (GRC) Data Classification Market Definition

1.3 Overview

1.4 Limitations

1.5 Markets Covered

2 Governance, Risk Management and Compliance (GRC) Data Classification Market Segmentation

2.1 Governance, Risk Management and Compliance (GRC) Data Classification Market Covered

2.2 Geographical Scope

2.3 Years Considered For The Study

2.4 Currency And Pricing

2.5 Dbmr Tripod Data Validation Model

2.6 Multivariate Modeling

2.7 Primary Interviews With Key Opinion Leaders

2.8 Dbmr Governance, Risk Management and Compliance (GRC) Data Classification Market Position Grid

2.9 Dbmr Vendor Share Analysis

2.1 Secondary Sources

2.11 Assumptions

3 Executive Summary.............

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