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Data Classification Market Report Scope and Research Methodology
In the Data Classification Market report, the forecasting period spans from 2023 to 2029, with 2022 serving as the reference year. This study entails a comprehensive analysis of the Data Classification industry, including an in-depth examination of market segmentation. Moreover, historical market dynamics are meticulously scrutinized in the report, aiding clients in drawing parallels between past trends and the current market landscape, while also highlighting the significant contributions made by key industry players.
The section on the competitive landscape delves into the various growth strategies pursued by prominent players. The updates provided in this section offer valuable insights at different stages of industry development, enabling stakeholders to remain well-informed about industry advancements and actively engage in discussions about the economy.
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Data Classification Market Value :
Data Classification Market was worth US$ 1.32 Bn in 2022 and total revenue is expected to grow at a rate of 25.4 % CAGR from 2023 to 2029, reaching almost US$ 6.46 Bn in 2029.
Data Classification Market Regional Insights
The various sections dedicated to regional segmentation provide insights into the geographical facets of the global Data Classification Market. Within this chapter, we delve into the regulatory framework that is poised to exert an influence on the market. It sheds light on the political landscape within the market and anticipates its effects on the Data Classification market on a global scale. We also consider the presence and accessibility of global brands, examining the challenges they face in the face of intense competition from local and domestic brands. Additionally, we assess the impact of domestic tariffs and trade channels.
North America - (U.S., Canada, and Mexico)
Europe - (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
Asia Pacific - (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
Middle East & Africa - (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
South America - (Brazil, Argentina, Colombia, and Rest of South America)
Data Classification Market Segmentation:
by Component
Services
Solution.
Based on Component, the market is sub-segmented into Solution and Services. The solution segment had the highest market share of over 69 %, and this trend is expected to continue during the forecast period. Compliance with regulations and the need to analyses historical data for future decisions are driving adoption in major industries like BFSI, healthcare, government and defense, and telecom and IT. In order to keep ahead of the competition, vendors are always inventing competitive solutions.
by Vertical Banking,
Financial Services, insurance
Healthcare and life science
Government and Defense
Education
Telecom
Media and Entertainment
Others
Based on Vertical, the market is sub-segmented into Banking, Financial Services, insurance, Healthcare and life science, Government and Defense, Education, Telecom, Media and Entertainment and Others. The Banking, Financial Services, and Insurance (BFSI) segment was valued at USD 139 million, owing to the importance of BFSI data for the country's economic security. The BFSI business is the most profitable area due to its sensitivity to cyber-attacks, data theft, and tight regulation. Regulations such as BASEL III, EMIR, Dodd-Frank Act, MiFID II, and SEPA examine and protect the industry. Banking and financial institutions must appropriately tag sensitive information to comply with these laws and protect against data leakage and misuse. As a result, locating, classifying, and safeguarding sensitive financial information during data sharing is critical.
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Data Classification Key players:
1. Microsoft
2. AWS
3. Symantec
4. Open text
5. Boldon James
6. Covata
7. Varonis
8. Innovative Routines International (IRI), Inc.
9. Minereye
10. Pkware, Inc.
11. Informatica
12. Dataguise
13. Spirion
14. Clearswift
15. Seclore
16. Digital Guardian
17. Titus
18. Netwrix Corporation
19. GTB Technologies, Inc.
20. Forcepoint
21. Sienna Group, LLC.
22. Softworks AI
23. Expert Techsource
Key Offerings:
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| By | geeta |
| Added | Sep 5 '23 |
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