The Worldwide Market for Data Classification to 2023 - Growth in Uncontrolled Data Volumes and Increased Security Risks is Driving Demand - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 21, 2019--The “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” report has been added to ResearchAndMarkets.com’s offering.
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.
DriversMandatory Compliance With Stringent Regulations Growth in Uncontrolled Data Volumes and Increased Security Risks
RestraintsComplicated Classification Schemes and Terminologies
OpportunitiesIntegration of AI and ML Into Data Classification Growing Demand for Data Driven Decision-Making Process
ChallengesLack of Awareness About Data Classification Data Pattern Complexities Involved in Data Classification
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Data Classification Market, By Component
7 Data Classification Market, By Methodology
8 Data Classification Market, By Application
9 Data Classification Market, By Vertical
10 Data Classification Market, By Region
11 Competitive Landscape
12 Company ProfilesAWS 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
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Related Topics:Data Storage and Management
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/21/2019 06:23 AM/DISC: 01/21/2019 06:23 AM