AP NEWS

The Worldwide Market for Data Classification to 2023 - Growth in Uncontrolled Data Volumes and Increased Security Risks is Driving Demand - ResearchAndMarkets.com

January 21, 2019

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.

Market Dynamics

Drivers

Mandatory Compliance With Stringent Regulations Growth in Uncontrolled Data Volumes and Increased Security Risks

Restraints

Complicated Classification Schemes and Terminologies

Opportunities

Integration of AI and ML Into Data Classification Growing Demand for Data Driven Decision-Making Process

Challenges

Lack of Awareness About Data Classification Data Pattern Complexities Involved in Data Classification

Topics Covered

1 Introduction

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 Profiles

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

For more information about this report visit https://www.researchandmarkets.com/research/hhrbwr/the_worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190121005166/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Data Storage and Management

KEYWORD:

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

http://www.businesswire.com/news/home/20190121005166/en

AP RADIO
Update hourly