Data Classification Market was worth US$ 1.05 Bn in 2021 and total revenue is expected to grow at a rate of 25.4 % CAGR from 2021 to 2029, reaching almost US$ 6.46 Bn in 2029.
Data Classification Market Overview:
The leading business consulting firm Maximize Market Research has announced research report on the Data Classification Market. The research contributes the information on global and regional markets, as well as thorough analysis of the market’s long term prospects. A description and graphical representation of key competitors and the most recent successful marketing strategies and tactics, contributions and current and historical backdrop are all included in the report.
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Data Classification Market Scope:
The research report pinpoints the major drivers and restraints for key companies, and the current benchmarking and development prospects. It looks into the demand in the industry and for market predictions, market trends and micro and macro variables in the detail. The research analyses the market value in terms of value and volume estimated on real numbers and outputs of the major players across the globe. The report constitutes an in depth analysis of the Data Classification Market and its segmentation. It also provides the investors and readers with regional analysis of the market dynamics which assists them to compare the past and current trends of the market scenarios. The primary and secondary data are analysed to understand the depth of the market. Primary data consists of many interviews of industry specialists and experts, market leaders and entrepreneurs and marketing professionals. Secondary data was collected through the list of sources for maximum reliability of the inferences which includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
Segmentation Analysis:
The market is divided into Solution and Services based on Component. About 69% of the market was taken up by the solution sector, and it is anticipated that this trend would continue during the projected period. Major industries like BFSI, healthcare, government and defence, as well as telecom and IT, are pushing adoption due to compliance with regulations and the need to analyse previous data for future decisions. Vendors always develop competitive solutions in order to stay ahead of the competition.
The market is further divided into banking, insurance, healthcare, life sciences, government and defence, telecom, media and entertainment, and others based on vertical. Due to the significance of BFSI data for the stability of the nation's economy, the Banking, Financial Services, and Insurance (BFSI) segment had a value of USD 139 million. Due to its vulnerability to cyberattacks, data theft, and stringent regulation, the BFSI business is the most lucrative sector. The industry is examined and protected by laws like BASEL III, EMIR, the Dodd-Frank Act, MiFID II, and SEPA. Sensitive information must be adequately tagged by banking and financial organisations in order to comply with these rules and guard against data leakage and misuse. Finding, categorising, and protecting sensitive financial information is crucial when sharing data.
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Key Competitors:
• Microsoft
• AWS
• Symantec
• Open text
• Boldon James
• Covata
• Varonis
• Innovative Routines International (IRI), Inc.
• Minereye
• Pkware, Inc.
• Informatica
• Dataguise
• Spirion
• Clearswift
• Seclore
• Digital Guardian
• Titus
• Netwrix Corporation
• GTB Technologies, Inc.
• Forcepoint
• Sienna Group, LLC.
• Softworks AI
• Expert Techsource
• Janusnet
Regional Analysis:
The reports presents the Data Classification Market’s growth a detailed analysis. It describes the most dominant regions such as North America, Asia Pacific, Europe, Latin America and the Middle East and Africa which has global influence. The differentiation of the market in different regions is understood in regional analysis. The report helps in planning the market strategies by understanding the regional market.
Key Questions answered in the Data Classification Market Report are:
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Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 06, 2023