Market Overview:
The global data classification market is expected to grow from USD 2.02 billion in 2018 to USD 4.06 billion by 2030, at a CAGR of 10.5% from 2018 to 2030. The growth of the global data classification market can be attributed to the increasing demand for automation and big data analytics across industries, and the need for protecting confidential information from unauthorized access.
Product Definition:
The definition of data classification is the categorization of data into one or more classes, typically based on its type and intended use. The importance of data classification lies in the fact that different categories of information require different levels of security. For example, classified government information requires a higher level of security than unclassified information.
Software:
Software is a collection of programs and computer instructions that can be stored in the memory of computer or laptop for performing a specific task. It helps to transform raw data into meaningful information. Software also provides tools for transforming data from one format to another, thereby helping users get more done in less time.
The global software market size was valued at USD 298 billion in 2016.
Service:
Service is a set of processes and practices for delivering products or solutions to customers. It includes activities such as consulting, designing, implementation, maintenance and support services. Service helps in data classification by mapping the data into business categories which are further used to design the solution/products that best suits customer needs.
Application Insights:
The optimization segment dominated the global data classification market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for real-time analytics and business decision support systems that require highly classified datasets for effective performance. Furthermore, a rise in demand for streamlining business processes through automation is also expected to contribute towards segment growth over the forecast period.
The North America region is anticipated to witness significant growth over the forecast period owing to factors such as growing investments from public and private institutions, rising adoption of big data analytics solutions across various industry verticals including healthcare and financial services among others. In addition, favorable government policies regarding cloud computing are further expected to drive industry expansion over the next few years.
Regional Analysis:
North America dominated the global data classification market in 2017. The growth of this region can be attributed to the presence of major players such as IBM Corporation; Microsoft Corporation; Hewlett Packard Enterprise, and Oracle Corporation. These companies are actively investing in research & development activities to develop advanced classifiers for a broad range of use cases including fraud detection, customer relationship management (CRM), and supply chain management. Moreover, these companies are collaborating with other prominent industry players to promote awareness about their products among potential customers. For instance, In January 2018, SAP SE announced its collaboration with Amazon Web Services LLC., Cloudera Inc.
Growth Factors:
- Increasing demand for data classification from small and medium businesses (SMBs) due to the growing awareness of the benefits of data classification.
- The increasing number of cyber-attacks and data breaches, which has led to organizations becoming more aware of the need for data classification in order to protect their confidential information.
- The increasing use of big data and analytics, which has resulted in organizations generating large volumes of unstructured data that needs to be classified for analysis purposes.
- The growing popularity of cloud computing, which is making it easier for organizations to store and access their confidential information from anywhere at any time.
- The increasing demand for compliance with government regulations such as GDPR, HIPAA, PCI DSS etc., which requires organizations to properly classify their sensitive information
Scope Of The Report
Report Attributes
Report Details
Report Title
Data Classification Market Research Report
By Type
Software, Service, Hardware
By Application
Automation, Data Analytics, Optimization
By Companies
Amazon Web Services, IBM Corporation, Microsoft Corporation, Google LLC, Symantec Corporation, OpenText Corporation, Covata Ltd, Boldon James Ltd, Varonis Systems Inc, Innovative Routines International Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Data Classification Market Report Segments:
The global Data Classification market is segmented on the basis of:
Types
Software, Service, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automation, Data Analytics, Optimization
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amazon Web Services
- IBM Corporation
- Microsoft Corporation
- Google LLC
- Symantec Corporation
- OpenText Corporation
- Covata Ltd
- Boldon James Ltd
- Varonis Systems Inc
- Innovative Routines International Inc
Highlights of The Data Classification Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Service
- Hardware
- By Application:
- Automation
- Data Analytics
- Optimization
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Data Classification Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Data classification is the process of organizing data into categories that make it easier to find and use.
Some of the key players operating in the data classification market are Amazon Web Services, IBM Corporation, Microsoft Corporation, Google LLC, Symantec Corporation, OpenText Corporation, Covata Ltd, Boldon James Ltd, Varonis Systems Inc, Innovative Routines International Inc.
The data classification market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Data Classification Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Data Classification Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Data Classification Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Data Classification Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Data Classification Market Size & Forecast, 2018-2028 4.5.1 Data Classification Market Size and Y-o-Y Growth 4.5.2 Data Classification Market Absolute $ Opportunity
Chapter 5 Global Data Classification Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Data Classification Market Size Forecast by Type
5.2.1 Software
5.2.2 Service
5.2.3 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Data Classification Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Data Classification Market Size Forecast by Applications
6.2.1 Automation
6.2.2 Data Analytics
6.2.3 Optimization
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Data Classification Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Data Classification Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Data Classification Analysis and Forecast
9.1 Introduction
9.2 North America Data Classification Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Data Classification Market Size Forecast by Type
9.6.1 Software
9.6.2 Service
9.6.3 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Data Classification Market Size Forecast by Applications
9.10.1 Automation
9.10.2 Data Analytics
9.10.3 Optimization
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Data Classification Analysis and Forecast
10.1 Introduction
10.2 Europe Data Classification Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Data Classification Market Size Forecast by Type
10.6.1 Software
10.6.2 Service
10.6.3 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Data Classification Market Size Forecast by Applications
10.10.1 Automation
10.10.2 Data Analytics
10.10.3 Optimization
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Data Classification Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Data Classification Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Data Classification Market Size Forecast by Type
11.6.1 Software
11.6.2 Service
11.6.3 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Data Classification Market Size Forecast by Applications
11.10.1 Automation
11.10.2 Data Analytics
11.10.3 Optimization
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Data Classification Analysis and Forecast
12.1 Introduction
12.2 Latin America Data Classification Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Data Classification Market Size Forecast by Type
12.6.1 Software
12.6.2 Service
12.6.3 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Data Classification Market Size Forecast by Applications
12.10.1 Automation
12.10.2 Data Analytics
12.10.3 Optimization
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Data Classification Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Data Classification Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Data Classification Market Size Forecast by Type
13.6.1 Software
13.6.2 Service
13.6.3 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Data Classification Market Size Forecast by Applications
13.10.1 Automation
13.10.2 Data Analytics
13.10.3 Optimization
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Data Classification Market: Competitive Dashboard
14.2 Global Data Classification Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amazon Web Services
14.3.2 IBM Corporation
14.3.3 Microsoft Corporation
14.3.4 Google LLC
14.3.5 Symantec Corporation
14.3.6 OpenText Corporation
14.3.7 Covata Ltd
14.3.8 Boldon James Ltd
14.3.9 Varonis Systems Inc
14.3.10 Innovative Routines International Inc