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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


Product Code : MNMICT00106346
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : ICT and Telecom
Study Area : Global
Report format : PDF
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[Report Description]

The global data classification market size to grow at a Compound Annual Growth Rate (CAGR) of 25.4% during the forecast period
MarketsandMarkets forecasts the global data classification market size to 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 the 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 regulaotry 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 stregthening 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 regulaotry compliance; web, mobile, and email protection; and centralized management. The data classification market by verticals covers BFSI; healthcare and lifesciences; governemnt and defense; education; telecom; media and entertainment; and others (retail and ecommerce, 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:
1. 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.
2. It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
3. 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.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 MARKET SCOPE 19
1.3.1 MARKET SEGMENTATION 19
1.4 YEARS CONSIDERED FOR THE STUDY 19
1.5 CURRENCY CONSIDERED 20
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.2 PRIMARY DATA 22
2.1.2.1 Breakup of primaries 22
2.1.2.2 Key industry insights 23
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 25
2.2.2 TOP-DOWN APPROACH 25
2.3 MARKET FORECAST 26
2.4 RESEARCH ASSUMPTIONS 27
2.5 LIMITATIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE DATA CLASSIFICATION MARKET 34
4.2 DATA CLASSIFICATION MARKET: TOP 3 APPLICATIONS 34
4.3 DATA CLASSIFICATION MARKET: BY REGION 35
4.4 DATA CLASSIFICATION MARKET IN NORTH AMERICA, BY APPLICATION AND METHODOLOGY 36
5 MARKET OVERVIEW AND INDUSTRY TRENDS 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 38
5.2.1.1 Mandatory compliance with stringent regulations 38
5.2.1.2 Growth in uncontrolled data volumes and increased security risks 38
5.2.2 RESTRAINTS 38
5.2.2.1 Complicated classification schemes and terminologies 38
5.2.3 OPPORTUNITIES 39
5.2.3.1 Integration of AI and ML into data classification 39
5.2.3.2 Growing demand for data driven decision-making process 39
5.2.4 CHALLENGES 39
5.2.4.1 Lack of awareness about data classification 39
5.2.4.2 Data pattern complexities involved in data classification 40
5.3 USE CASES 40
5.3.1 INTRODUCTION 40
5.3.1.1 Use case: Scenario 1 40
5.3.1.2 Use case: Scenario 2 41
5.3.1.3 Use case: Scenario 3 41
5.3.1.4 Use case: Scenario 4 42
5.3.1.5 Use case: Scenario 5 42
5.4 REGULATORY IMPLICATIONS 43
5.4.1 INTRODUCTION 43
5.4.2 SARBANES OXLEY ACT (SOX) 43
5.4.3 NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY SPECIAL PUBLICATION (NIST SP) 800-53 43
5.4.4 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI DSS) 44
5.4.5 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (AICPA) SOC 2 44
5.4.6 GENERAL DATA PROTECTION REGULATION (GDPR) 44
5.4.7 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA) 44
5.5 EFFECTIVE DATA CLASSIFICATION PROCESS 44
6 DATA CLASSIFICATION MARKET, BY COMPONENT 46
6.1 INTRODUCTION 47
6.2 SOLUTIONS 48
6.2.1 STANDALONE SOLUTION 49
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 49
6.2.2 INTEGRATED SOLUTION 50
6.2.2.1 Growing adoption of integrated solution as it integrates various data protection features within a single solution 50
6.3 SERVICES 51
6.3.1 PROFESSIONAL SERVICES 52
6.3.1.1 Technicalities involved in implementing data classification solutions to boost the demand for professional services 52
6.3.2 MANAGED SERVICES 53
6.3.2.1 Requirement for managed services to increase with rising deployment of data classification solutions 53

7 DATA CLASSIFICATION MARKET, BY METHODOLOGY 54
7.1 INTRODUCTION 55
7.2 CONTENT-BASED CLASSIFICATION 56
7.2.1 COMPANIES TO ADOPT CONTENT-BASED CLASSIFICATION TO PROTECT THE REGULATED DATA 56
7.3 CONTEXT-BASED CLASSIFICATION 57
7.3.1 NEED TO PROTECT IP DATA TO DRIVE THE ADOPTION OF CONTEXT-BASED CLASSIFICATION SOLUTIONS 57
7.4 USER-BASED CLASSIFICATION 58
7.4.1 NEED TO ENHANCE ACCURACY WITH USER-BASED CLASSIFICATION TO DRIVE ITS DEMAND 58
8 DATA CLASSIFICATION MARKET, BY APPLICATION 59
8.1 INTRODUCTION 60
8.2 ACCESS CONTROL 61
8.2.1 INCREASING CRITICALITY FOR STRENGTHENING DATA ACCESS CONTROL WITHIN AN ORGANIZATION TO BOOST THE GROWTH OF THE APPLICATION 61
8.3 GOVERNANCE, RISK, AND COMPLIANCE 61
8.3.1 GRC APPLICATION TO GROW RAPIDLY IN THE DATA CLASSIFICATION MARKET WITH INCREASING DATA PRIVACY RULES AND REGULATIONS 61
8.4 WEB, MOBILE, AND EMAIL PROTECTION 62
8.4.1 THE NEED TO SAFEGUARD THE SENSITIVE DATA LEAKAGE OUTSIDE AN ENTERPRISE TO BOOST THE DEMAND FOR WEB, MOBILE, AND EMAIL PROTECTION 62
8.5 CENTRALIZED MANAGEMENT 63
8.5.1 NEED TO CENTRALIZE THE OVERALL ENTERPRISES DATA TO FUEL THE GROWTH OF THE CENTRALIZED MANAGEMENT APPLICATION 63
9 DATA CLASSIFICATION MARKET, BY VERTICAL 64
9.1 INTRODUCTION 65
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 66
9.2.1 GROWING NEED TO PROTECT THE SENSITIVE INFORMATION IN THE BFSI VERTICAL TO DRIVE THE ADOPTION OF DATA CLASSIFICATION SOLUTIONS 66
9.3 HEALTHCARE AND LIFE SCIENCES 67
9.3.1 INCREASING NEED TO SAFEGUARD THE HEALTH INFORMATION OF PATIENTS FOR DELIVERING QUALITY CARE TO DRIVE THE ADOPTION OF DATA CLASSIFICATION SOLUTIONS 67
9.4 GOVERNMENT AND DEFENSE 68
9.4.1 GOVERNMENT TO ADOPT DATA CLASSIFICATION SOLUTIONS FOR STRINGENT REGULATORY COMPLIANCE AND DATA SECURITY 68
9.5 EDUCATION 69
9.5.1 INCREASING NEED TO PROTECT STUDENTS’ DATA FOR EFFECTIVE WORKLOAD MANAGEMENT TO DRIVE THE ADOPTION OF DATA CLASSIFICATION SOLUTIONS 69

9.6 TELECOM 70
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 70
9.7 MEDIA AND ENTERTAINMENT 70
9.7.1 MEDIA AND ENTERTAINMENT FIRMS TO ADOPT DATA CLASSIFICATION TOOLS TO UNDERSTAND CUSTOMER BEHAVIOR AND ENHANCE MARKETING STRATEGIES 70
9.8 OTHERS 71
10 DATA CLASSIFICATION MARKET, BY REGION 73
10.1 INTRODUCTION 74
10.2 NORTH AMERICA 76
10.2.1 UNITED STATES 81
10.2.1.1 Growing opportunities to create data security based applications fueling the demand for data classification in the US 81
10.2.2 CANADA 81
10.2.2.1 Canada to witness an increase in investments and research activities 81
10.3 EUROPE 81
10.3.1 UNITED KINGDOM 85
10.3.1.1 Growing investments to offer more opportunities to deploy data classification solutions 85
10.3.2 GERMANY 85
10.3.2.1 Increasing adoption of data classification solutions across major verticals is expected to drive the market in Germany 85
10.3.3 FRANCE 86
10.3.3.1 Data classification to gain popularity in France due to favorable investment climate 86
10.3.4 REST OF EUROPE 86
10.4 ASIA PACIFIC 86
10.4.1 CHINA 91
10.4.1.1 Increasing dependency on the internet to create the demand for data classification solutions in China 91
10.4.2 JAPAN 91
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 91
10.4.3 INDIA 91
10.4.3.1 Government push to adopt advanced technologies would lead to increased demand for data classification solution in India 91
10.4.4 REST OF ASIA PACIFIC 92

10.5 MIDDLE EAST AND AFRICA 92
10.5.1 ISRAEL 96
10.5.1.1 Regulatory compliances backed by the presence of multiple data classification vendors would lead to adoption of data classification solutions 96
10.5.2 SOUTH AFRICA 96
10.5.2.1 Increasing adoption of advanced technologies to fuel the need to classify and protect data 96
10.5.3 UNITED ARAB EMIRATES 96
10.5.3.1 Complex legal, regulatory, and economic resolutions to compel organizations to adopt data classification solutions 96
10.5.4 REST OF MIDDLE EAST AND AFRICA 97
10.6 LATIN AMERICA 97
10.6.1 BRAZIL 101
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 101
10.6.2 MEXICO 101
10.6.2.1 Increase in the number of internet users and cross-border issues to create the demand for data classification solutions 101
10.6.3 REST OF LATIN AMERICA 102
11 COMPETITIVE LANDSCAPE 103
11.1 OVERVIEW 103
11.2 RANKING OF KEY PLAYERS, 2018 104
11.3 COMPETITIVE SCENARIO 104
11.3.1 NEW PRODUCT/SERVICE LAUNCHES AND PRODUCT/SERVICE ENHANCEMENTS 105
11.3.2 AGREEMENTS AND PARTNERSHIPS 106
11.3.3 ACQUISITIONS 110
11.3.4 EXPANSIONS 111
12 COMPANY PROFILES 112
12.1 IBM 112
(Business Overview, Products,Solutions, & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.2 GOOGLE 115
12.3 MICROSOFT 118
12.4 AWS 121
12.5 SYMANTEC 124
12.6 OPENTEXT 127
12.7 BOLDON JAMES 130
12.8 COVATA 134
12.9 VARONIS 136
12.10 INNOVATIVE ROUTINES INTERNATIONAL (IRI), INC. 138
12.11 MINEREYE 140
12.12 PKWARE, INC. 142
12.13 INFORMATICA 144
12.14 DATAGUISE 145
12.15 SPIRION 147
12.16 CLEARSWIFT 148
12.17 SECLORE 150
12.18 DIGITAL GUARDIAN 152
12.19 TITUS 154
12.20 NETWRIX CORPORATION 156
12.21 GTB TECHNOLOGIES, INC. 158
12.22 FORCEPOINT 159
12.23 SIENNA GROUP, LLC. 161
12.24 SOFTWORKS AI 162
12.25 EXPERT TECHSOURCE 163
12.26 JANUSNET 164
*Details on Business Overview, Products, Solutions, & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 165
13.1 INDUSTRY EXPERTS 165
13.2 DISCUSSION GUIDE 166
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 171
13.4 AVAILABLE CUSTOMIZATIONS 173
13.5 RELATED REPORTS 173
13.6 AUTHOR DETAILS 174

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