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Data Classification Market by Component (Solutions (Standalone and Integrated) and Services), Application (Access Control, GRC, Web, Mobile & Email Protection, and Centralized Management), Methodology, Vertical, and Region - Global Forecast to 2023

  • ID: 4744779
  • Report
  • Region: Global
  • 175 Pages
  • Markets and Markets
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The Global Data Classification Market Size to Grow at a Compound Annual Growth Rate (CAGR) of 25.4% During the Forecast Period

FEATURED COMPANIES

  • AWS
  • Dataguise
  • Google
  • Janusnet
  • Opentext
  • Softworks AI
  • MORE

The global data classification market size to grow at a Compound Annual Growth Rate (CAGR) of 25.4% during the forecast period

It is forecast that the global data classification market size will grow from USD 536 million in 2018 to USD 1,661 million by 2023, at a CAGR of 25.4% during 2018–2023. Major growth factors for the market include regulatory compliance, growth in uncontrolled data volumes, and increased security risks. Complicated classification schemes and terminologies may restrain market growth.

The web, mobile, and email protection application to grow at the highest rate during the forecast period

The data classification market by application includes access control; governance and regulatory compliance; web, mobile, and email protection; and centralized management segments. The web, mobile, and email protection application is expected to grow at the highest rate, due to increased data flow between internal and external environments leading to larger volumes of data being exposed to security threats.

The content-based classification methodology to grow at the highest rate during the forecast period

Based on the methodology, the data classification market is segmented into content-based, context-based, and user-based classification. The content-based classification methodology is expected to grow at the highest rate during the forecast period, due to the strengthening regulatory landscape and an increasing need to protect PCI/PII, PHI, or GDPR-protected data.

Among regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

In the data classification market by region, APAC is expected to grow at the highest rate during the forecast period. The growth in the number of data security compliances in major APAC countries, such as China, India, and Japan, is expected to be a key growth driver for the market in APAC.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the data classification market.

  • By Company: Tier I: 36%, Tier II: 49%, and Tier III: 15%
  • By Designation: C-Level: 45%, Director Level: 32%, and Others: 23%
  • By Region: Europe: 32%, APAC: 30%, North America: 20%, MEA: 10%, and Latin America: 8%

The report includes the study of the key players offering data classification solutions. It profiles major vendors in the global data classification market including IBM (US), Google (US), Microsoft (US), AWS (US), Symantec (US), OpenText (Canada), Covata (Australia), Boldon James (England), Varonis (US), Innovative Routines International (IRI), Informatica (US), Dataguise (US), Spirion (US), Digital Guardian (US), Titus (Canada), Netwrix Corporation (US), PKWARE (US), GTB Technologies (US), Forcepoint (US), Sienna Group (US), MinerEye (Israel), SoftWorks AI (US), Expert TechSource (India), Clearswift (UK), Seclore (US), and Janusnet (Australia). It also includes an in-depth competitive analysis of the key players in the data classification market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Research coverage
The report segments the global data classification market by component, deployment, methodology, application, vertical, and region. The component segment comprises solutions and services. The data classification market by deployment has been segmented into on-premises and cloud. The data classification market by methodology has been categorized into content-based classification, context-based classification, and user-based classification. The data classification market by application has been categorized into access control; governance and regulatory compliance; web, mobile, and email protection; and centralized management. The data classification market by verticals covers BFSI; healthcare and life sciences; government and defense; education; telecom; media and entertainment; and others (retail and e-commerce, manufacturing, energy, and utilities). The report covers the data classification market with respect to 5 major regions, namely North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and the Middle East and Africa (MEA).

The report would help the market leaders and new entrants in the global data classification market in the following ways:

  • The report segments the market into various subsegments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across applications and regions.
  • It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
  • It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AWS
  • Dataguise
  • Google
  • Janusnet
  • Opentext
  • Softworks AI
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Forecast
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Data Classification Market
4.2 Data Classification Market: Top 3 Applications
4.3 Data Classification Market: By Region
4.4 Data Classification Market in North America, By Application and Methodology

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Mandatory Compliance With Stringent Regulations
5.2.1.2 Growth in Uncontrolled Data Volumes and Increased Security Risks
5.2.2 Restraints
5.2.2.1 Complicated Classification Schemes and Terminologies
5.2.3 Opportunities
5.2.3.1 Integration of AI and ML Into Data Classification
5.2.3.2 Growing Demand for Data Driven Decision-Making Process
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Data Classification
5.2.4.2 Data Pattern Complexities Involved in Data Classification
5.3 Use Cases
5.3.1 Introduction
5.3.1.1 Use Case: Scenario 1
5.3.1.2 Use Case: Scenario 2
5.3.1.3 Use Case: Scenario 3
5.3.1.4 Use Case: Scenario 4
5.3.1.5 Use Case: Scenario 5
5.4 Regulatory Implications
5.4.1 Introduction
5.4.2 Sarbanes Oxley Act (SOX)
5.4.3 National Institute of Standards and Technology Special Publication (Nist Sp) 800-53
5.4.4 Payment Card Industry Data Security Standard (PCI DSS)
5.4.5 American Institute of Certified Public Accountants (AICPA) SOC 2
5.4.6 General Data Protection Regulation (GDPR)
5.4.7 Health Insurance Portability and Accountability Act (HIPAA)
5.5 Effective Data Classification Process

6 Data Classification Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Standalone Solution
6.2.1.1 Increasing Demand for Advanced Level of Data Classification Capabilities for Strengthening Data Security to Drive the Growth of the Standalone Solution
6.2.2 Integrated Solution
6.2.2.1 Growing Adoption of Integrated Solution as It Integrates Various Data Protection Features Within A Single Solution
6.3 Services
6.3.1 Professional Services
6.3.1.1 Technicalities Involved in Implementing Data Classification Solutions to Boost the Demand for Professional Services
6.3.2 Managed Services
6.3.2.1 Requirement for Managed Services to Increase With Rising Deployment of Data Classification Solutions

7 Data Classification Market, By Methodology
7.1 Introduction
7.2 Content-Based Classification
7.2.1 Companies to Adopt Content-Based Classification to Protect the Regulated Data
7.3 Context-Based Classification
7.3.1 Need to Protect Ip Data to Drive the Adoption of Context-Based Classification Solutions
7.4 User-Based Classification
7.4.1 Need to Enhance Accuracy With User-Based Classification to Drive Its Demand

8 Data Classification Market, By Application
8.1 Introduction
8.2 Access Control
8.2.1 Increasing Criticality for Strengthening Data Access Control Within an Organization to Boost the Growth of the Application
8.3 Governance, Risk, and Compliance
8.3.1 GRC Application to Grow Rapidly in the Data Classification Market With Increasing Data Privacy Rules and Regulations
8.4 Web, Mobile, and Email Protection
8.4.1 The Need to Safeguard the Sensitive Data Leakage Outside an Enterprise to Boost the Demand for Web, Mobile, and Email Protection
8.5 Centralized Management
8.5.1 Need to Centralize the Overall Enterprises Data to Fuel the Growth of the Centralized Management Application

9 Data Classification Market, By Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.2.1 Growing Need to Protect the Sensitive Information in the BFSI Vertical to Drive the Adoption of Data Classification Solutions
9.3 Healthcare and Life Sciences
9.3.1 Increasing Need to Safeguard the Health Information of Patients for Delivering Quality Care to Drive the Adoption of Data Classification Solutions
9.4 Government and Defense
9.4.1 Government to Adopt Data Classification Solutions for Stringent Regulatory Compliance and Data Security
9.5 Education
9.5.1 Increasing Need to Protect Students’ Data for Effective Workload Management to Drive the Adoption of Data Classification Solutions
9.6 Telecom
9.6.1 Growing Demand to Secure Large Volumes of Data for Enhanced Operational Efficiency to Pave the Way for the Telecom Industry to Adopt Data Classification Solutions
9.7 Media and Entertainment
9.7.1 Media and Entertainment Firms to Adopt Data Classification Tools to Understand Customer Behavior and Enhance Marketing Strategies
9.8 Others

10 Data Classification Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Growing Opportunities to Create Data Security Based Applications Fueling the Demand for Data Classification in the Us
10.2.2 Canada
10.2.2.1 Canada to Witness an Increase in Investments and Research Activities
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Growing Investments to Offer More Opportunities to Deploy Data Classification Solutions
10.3.2 Germany
10.3.2.1 Increasing Adoption of Data Classification Solutions Across Major Verticals is Expected to Drive the Market in Germany
10.3.3 France
10.3.3.1 Data Classification to Gain Popularity in France Due to Favorable Investment Climate
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Increasing Dependency on the Internet to Create the Demand for Data Classification Solutions in China
10.4.2 Japan
10.4.2.1 Strengthening Regulatory and Compliance Landscape and the Mandate to Abide By Data Privacy Laws to Increase the Adoption of Data Classification Solutions in Japan
10.4.3 India
10.4.3.1 Government Push to Adopt Advanced Technologies Would Lead to Increased Demand for Data Classification Solution in India
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Israel
10.5.1.1 Regulatory Compliances Backed By the Presence of Multiple Data Classification Vendors Would Lead to Adoption of Data Classification Solutions
10.5.2 South Africa
10.5.2.1 Increasing Adoption of Advanced Technologies to Fuel the Need to Classify and Protect Data
10.5.3 United Arab Emirates
10.5.3.1 Complex Legal, Regulatory, and Economic Resolutions to Compel Organizations to Adopt Data Classification Solutions
10.5.4 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Growth in Cyber-Attacks Leading to Strict Regulations to Secure Regulated Data Fueling the Demand for Data Classification Solution in Brazil
10.6.2 Mexico
10.6.2.1 Increase in the Number of Internet Users and Cross-Border Issues to Create the Demand for Data Classification Solutions
10.6.3 Rest of Latin America

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Key Players, 2018
11.3 Competitive Scenario
11.3.1 New Product/Service Launches and Product/Service Enhancements
11.3.2 Agreements and Partnerships
11.3.3 Acquisitions
11.3.4 Expansions

12 Company Profiles
12.1 IBM
12.2 Google
12.3 Microsoft
12.4 AWS
12.5 Symantec
12.6 Opentext
12.7 Boldon James
12.8 Covata
12.9 Varonis
12.10 Innovative Routines International (IRI), Inc.
12.11 Minereye
12.12 Pkware, Inc.
12.13 Informatica
12.14 Dataguise
12.15 Spirion
12.16 Clearswift
12.17 Seclore
12.18 Digital Guardian
12.19 Titus
12.20 Netwrix Corporation
12.21 GTB Technologies, Inc.
12.22 Forcepoint
12.23 Sienna Group, LLC.
12.24 Softworks AI
12.25 Expert Techsource
12.26 Janusnet

13 Appendix
13.1 Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables
Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Factor Analysis
Table 3 Global Data Classification Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 4 Global Ai-Focused Spending (USD Billion), 2015–2023
Table 5 Data Classification Market Size, By Component, 2016–2023 (USD Million)
Table 6 Solutions: Data Classification Market Size, By Type, 2016–2023 (USD Million)
Table 7 Solutions: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 8 Standalone Solution Market Size, By Region, 2016–2023 (USD Million)
Table 9 Integrated Solution Market Size, By Region, 2016–2023 (USD Million)
Table 10 Services: Data Classification Market Size, By Type, 2016–2023 (USD Million)
Table 11 Services: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 12 Professional Services Market Size, By Region, 2016–2023 (USD Million)
Table 13 Managed Services Market Size, By Region, 2016–2023 (USD Million)
Table 14 Data Classification Market Size, By Methodology, 2016–2023 (USD Million)
Table 15 Content-Based Classification: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 16 Context-Based Classification: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 17 User-Based Classification: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 18 Data Classification Market Size, By Application, 2016–2023 (USD Million)
Table 19 Access Control: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 20 Governance, Risk, and Compliance: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 21 Web, Mobile, and Email Protection: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 22 Centralized Management: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 23 Data Classification Market Size, By Vertical, 2016–2023 (USD Million)
Table 24 Banking, Financial Services and Insurance: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 25 Healthcare and Life Sciences: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 26 Government and Defense: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 27 Education: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 28 Telecom: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 29 Media and Entertainment: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 30 Others: Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 31 Data Classification Market Size, By Region, 2016–2023 (USD Million)
Table 32 North America: Data Classification Market Size, By Component, 2016–2023 (USD Million)
Table 33 North America: Data Classification Market Size, By Solution, 2016–2023 (USD Million)
Table 34 North America: Data Classification Market Size, By Service, 2016–2023 (USD Million)
Table 35 North America: Data Classification Market Size, By Methodology, 2016–2023 (USD Million)
Table 36 North America: Data Classification Market Size, By Application, 2016–2023 (USD Million)
Table 37 North America: Data Classification Market Size, By Vertical, 2016–2023 (USD Million)
Table 38 North America: Data Classification Market Size, By Country, 2016–2023 (USD Million)
Table 39 Europe: Data Classification Market Size, By Component, 2016–2023 (USD Million)
Table 40 Europe: Data Classification Market Size, By Solution, 2016–2023 (USD Million)
Table 41 Europe: Data Classification Market Size, By Service, 2016–2023 (USD Million)
Table 42 Europe: Data Classification Market Size, By Methodology, 2016–2023 (USD Million)
Table 43 Europe: Data Classification Market Size, By Application, 2016–2023 (USD Million)
Table 44 Europe: Data Classification Market Size, By Vertical, 2016–2023 (USD Million)
Table 45 Europe: Data Classification Market Size, By Country, 2016–2023 (USD Million)
Table 46 Asia Pacific: Data Classification Market Size, By Component, 2016–2023 (USD Million)
Table 47 Asia Pacific: Data Classification Market Size, By Solution, 2016–2023 (USD Million)
Table 48 Asia Pacific: Data Classification Market Size, By Service, 2016–2023 (USD Million)
Table 49 Asia Pacific: Data Classification Market Size, By Methodology, 2016–2023 (USD Million)
Table 50 Asia Pacific: Data Classification Market Size, By Application, 2016–2023 (USD Million)
Table 51 Asia Pacific: Data Classification Market Size, By Vertical, 2016–2023 (USD Million)
Table 52 Asia Pacific: Data Classification Market Size, By Country, 2016–2023 (USD Million)
Table 53 Middle East and Africa: Data Classification Market Size, By Component, 2016–2023 (USD Million)
Table 54 Middle East and Africa: Data Classification Market Size, By Solution, 2016–2023 (USD Million)
Table 55 Middle East and Africa: Data Classification Market Size, By Service, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Data Classification Market Size, By Methodology, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Data Classification Market Size, By Application, 2016–2023 (USD Million)
Table 58 Middle East and Africa: Data Classification Market Size, By Vertical, 2016–2023 (USD Million)
Table 59 Middle East and Africa: Data Classification Market Size, By Country, 2016–2023 (USD Million)
Table 60 Latin America: Data Classification Market Size, By Component, 2016–2023 (USD Million)
Table 61 Latin America: Data Classification Market Size, By Solution, 2016–2023 (USD Million)
Table 62 Latin America: Data Classification Market Size, By Service, 2016–2023 (USD Million)
Table 63 Latin America: Data Classification Market Size, By Methodology, 2016–2023 (USD Million)
Table 64 Latin America: Data Classification Market Size, By Application, 2016–2023 (USD Million)
Table 65 Latin America: Data Classification Market Size, By Vertical, 2016–2023 (USD Million)
Table 66 Latin America: Data Classification Market Size, By Country, 2016–2023 (USD Million)
Table 67 New Product/Service Launches and Product/Service Enhancements, 2017–2018
Table 68 Agreements and Partnerships, 2017–2018
Table 69 Acquisitions, 2017–2018
Table 70 Expansions, 2016–2018

List of Figures
Figure 1 Global Data Classification Market: Research Design
Figure 2 Breakup of Primary Participants’ Profiles: By Company, Designation, and Region
Figure 3 Data Triangulation
Figure 4 Data Classification Market: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology Top-Down Approach
Figure 6 Data Classification Market Snapshot, By Component
Figure 7 Data Classification Market Snapshot, By Solution
Figure 8 Data Classification Market Snapshot, By Service
Figure 9 Data Classification Market Snapshot, By Application
Figure 10 Data Classification Market Snapshot, By Methodology
Figure 11 Data Classification Market Snapshot, By Vertical
Figure 12 Data Classification Market Snapshot, By Region
Figure 13 Growing Mandatory Compliance With Stringent Regulations to Drive the Overall Growth of the Data Classification Market in the Forecast Period
Figure 14 Web, Mobile, and Email Application is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 North America to Hold the Highest Market Share in 2018
Figure 16 Content-Based Classification and GRC in North America Accounted for the Highest Share in the Data Classification Market in 2018
Figure 17 Drivers, Restraints, Opportunities, and Challenges: Data Classification Market
Figure 18 Number of Targeted Attacks Between 2015 and 2017
Figure 19 Steps in Data Classification Process
Figure 20 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 21 Standalone Solution Segment to Grow at A Higher CAGR During the Forecast Period
Figure 22 Managed Services to Grow at A Higher CAGR During the Forecast Period
Figure 23 Content-Based Classification Segment to Witness the Highest CAGR During the Forecast Period
Figure 24 Web, Mobile, and Email Protection Segment to Register the Highest CAGR During the Forecast Period
Figure 25 Healthcare and Life Sciences Vertical to Witness the Highest CAGR During the Forecast Period
Figure 26 Asia Pacific to Register the Highest CAGR During the Forecast Period
Figure 27 India to Register the Highest CAGR During the Forecast Period
Figure 28 Asia Pacific to Account for the Highest CAGR in 2018
Figure 29 North America: Market Snapshot
Figure 30 Web, Mobile, and Email Protection Application to Grow at the Highest CAGR During the Forecast Period
Figure 31 Web, Mobile, and Email Protection Application to Grow at the Highest CAGR During the Forecast Period
Figure 32 Asia Pacific: Market Snapshot
Figure 33 Web, Mobile, and Email Protection Application to Grow at the Highest CAGR During the Forecast Period
Figure 34 Web, Mobile, and Email Protection Application to Grow at the Highest CAGR During the Forecast Period
Figure 35 Web, Mobile, and Email Protection Application to Grow at the Highest CAGR During the Forecast Period
Figure 36 Key Developments By Leading Players in the Data Classification Market During 2016–2018
Figure 37 ACI Worldwide, Led the Data Classification Market in 2018
Figure 38 IBM: Company Snapshot
Figure 39 SWOT Analysis: IBM
Figure 40 Google: Company Snapshot
Figure 41 SWOT Analysis: Google
Figure 42 Microsoft: Company Snapshot
Figure 43 SWOT Analysis: Microsoft
Figure 44 AWS: Company Snapshot
Figure 45 SWOT Analysis: AWS
Figure 46 Symantec: Company Snapshot
Figure 47 SWOT Analysis: Symantec
Figure 48 Opentext: Company Snapshot
Figure 49 SWOT Analysis: Opentext
Figure 50 SWOT Analysis: Boldon James
Figure 51 Covata: Company Snapshot
Figure 52 Varonis: Company Snapshot

Note: Product cover images may vary from those shown
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  • AWS
  • Boldon James
  • Clearswift
  • Covata
  • Dataguise
  • Digital Guardian
  • Expert Techsource
  • Forcepoint
  • Google
  • GTB Technologies, Inc.
  • IBM
  • Informatica
  • Innovative Routines International (IRI), Inc.
  • Janusnet
  • Microsoft
  • Minereye
  • Netwrix Corporation
  • Opentext
  • Pkware, Inc.
  • Seclore
  • Sienna Group, LLC.
  • Softworks AI
  • Spirion
  • Symantec
  • Titus
  • Varonis
Note: Product cover images may vary from those shown
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