Data Classification Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Data Classification Market is Segmented by Solution (Software, Services), Deployment (On-Premise, Cloud), Application (Access Management, Governance & Compliance Management, Email & Mobile Protection), Industry Vertical (BFSI, Healthcare, Government & Defence, IT & Telecom, Energy & Utilities, Education), and Geography.

Data Classification Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Data Classification Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 24.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Data Classification Market Key Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Data Classification Market Analysis

The global data classification market is expected to register a CAGR of about 24.0% during the forecast period 2021-2026. Owing to the technological advancements that support government regulations and compliances in the developed regions is expected to fuel the growth for data classification solutions in the global market.

  • Three and five-tiered classification scheme for public data management in the countries like the US and UK are creating potential space for industry vendors in the domain. Banks, insurance companies, and other financial services firms are the primary users of data classification solutions as they have to deal with large volumes of Personally Identifiable Information (PII) and government regulations for data protection.
  • Other industries such as retail, government, and healthcare where user's data are considered highly confidential, implement data classifications solution to maintain integrity and confidentiality of the data. The surge in analytics applications with stored data and concern for data theft due to mismanagement are some of the driving factors expected to enhance the market for data classification solutions in the forecast period.

Data Classification Market Trends

This section covers the major market trends shaping the Data Classification Market according to our research experts:

Surge in Data Security Solutions for Increased Malware Infection Rates in Computers

  • It’s been a critical concern for a business organization as well as personal computer users about the increase in cyber threats at an alarming rate. As everything is shifting to the world of internet and mobile-based apps, the threat of data vulnerability has also increased in these recent years. Specifically, business organizations are facing tough challenges with respect to their data security and vulnerability, as they many times have to deal with storing, shifting, migrating and outsourcing their user data on open source platforms.
  • Organizations in developing economies like China, India, Russia, Brazil, and others are very much open to risks related to data protection and information management. According to the recent publication from Cybersecurity Insiders, China remains at the top in the list of the highest malware infection rates in computers with a 49% infection rate.
Data Classification Market Trends

Government Mandate in Developed Nations is Driving the Demand for Data Classification Services

  • In countries like the US, UK, Germany, Singapore and some others where the government has regulated the IT environment with data encryption and protection laws, tech firms are finding opportunity areas to promote their data classification services in these markets. Governments in the US and UK have established three-tiered classification schemes for public sector data. Even the government of Washington has gone beyond this range and has established a five-tiered classification scheme, which has well applauded by open data advocates in the region.
  • Risk management also, one of the areas where government officials have raised their bar of data integrity and data handling roles. In these countries, it’s always been a concern for the user groups to handle public data depending upon their job roles and authorization, which eventually provide the right space for market development for data classification solutions and services.
Data Classification Market Share

Data Classification Industry Overview

As a niche software solution, the market for data classification is highly fragmented with the presence of many small vendors such asBoldon James Ltd (QinetiQ), Covata Limited, Digital Guardian, HANDD Business Solutions, SECLORE, and many others. However, big tech firms including Amazon Web Services, Inc., IBM Corporation, Microsoft Corporation, Symantec Corporation, and Open Text Corporation are trying to offer data classification service as a bundled offering with their legacy cloud and on-premise database solutions. The market is also experiencing many market development strategies in recent years.

  • May 2019 -Seclore introduced advanced email encryption solution compatible with Microsoft Office and 365, to augment security, data classification and data loss protection features for users. This innovative product is expected to enhance Seclore market competitiveness in the data classification domain.
  • October 2018 -PKWARE, Inc., launched the Smartcrypt Classification solution to enhance its product offering in data classification and security industry.

Data Classification Market Leaders

  1. Amazon Web Services, Inc.

  2. Boldon James Ltd (QinetiQ)

  3. IBM Corporation

  4. Microsoft Corporation

  5. Broadcom Inc. (Symantec Corporation)

*Disclaimer: Major Players sorted in no particular order

Amazon Web Services, Inc., Boldon James Ltd (QinetiQ), IBM Corporation, Microsoft Corporation, Broadcom Inc. (Symantec Corporation)
Need More Details on Market Players and Competitors?
Download PDF

Data Classification Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Government Regulations and Compliance for Privacy & Data Security

      2. 4.2.2 Concern for Data Theft due to Mismanagement

      3. 4.2.3 Surge in Analytics Applications with Stored Data

    3. 4.3 Market Challenges

      1. 4.3.1 Data Standardisation Issues and Classification

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Solution

      1. 5.1.1 Software

      2. 5.1.2 Services

    2. 5.2 By Deployment

      1. 5.2.1 On-Premise

      2. 5.2.2 Cloud

    3. 5.3 By Application

      1. 5.3.1 Access Management

      2. 5.3.2 Governanace & Compliance Management

      3. 5.3.3 Email & Mobile Protection

      4. 5.3.4 Auditing & Reporting

      5. 5.3.5 Other Applications

    4. 5.4 By Industry Verticals

      1. 5.4.1 BFSI

      2. 5.4.2 Healthcare

      3. 5.4.3 Government & Defence

      4. 5.4.4 IT & Telecom

      5. 5.4.5 Energy & Utilities

      6. 5.4.6 Other Industry Verticals

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

      2. 5.5.2 Europe

        1. 5.5.2.1 United Kingdom

        2. 5.5.2.2 Germany

        3. 5.5.2.3 France

        4. 5.5.2.4 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Rest of Asia-Pacific

      4. 5.5.4 Rest of the World

        1. 5.5.4.1 Latin America

        2. 5.5.4.2 Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Amazon Web Services, Inc.

      2. 6.1.2 Boldon James Ltd (QinetiQ)

      3. 6.1.3 Covata Limited

      4. 6.1.4 Digital Guardian

      5. 6.1.5 HANDD Business Solutions

      6. 6.1.6 IBM Corporation

      7. 6.1.7 Microsoft Corporation

      8. 6.1.8 Open Text Corporation

      9. 6.1.9 SECLORE

      10. 6.1.10 Broadcom Inc. (Symantec Corporation)

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Data Classification Industry Segmentation

Data classification is the process of identifying data type with respect to their sources, function, and accessibility by various users inside and outside of the organization. The scope covers the data classification market as both the software and services part and estimates include these segments. The core objective of data classification is to maintain integrity, confidentiality, and availability of data stored in any storage of the respective organization.

By Solution
Software
Services
By Deployment
On-Premise
Cloud
By Application
Access Management
Governanace & Compliance Management
Email & Mobile Protection
Auditing & Reporting
Other Applications
By Industry Verticals
BFSI
Healthcare
Government & Defence
IT & Telecom
Energy & Utilities
Other Industry Verticals
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
Need A Different Region Or Segment?
Customize Now

Data Classification Market Research FAQs

The Data Classification Market is projected to register a CAGR of 24% during the forecast period (2024-2029)

Amazon Web Services, Inc., Boldon James Ltd (QinetiQ), IBM Corporation, Microsoft Corporation and Broadcom Inc. (Symantec Corporation) are the major companies operating in the Data Classification Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Data Classification Market.

The report covers the Data Classification Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Data Classification Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Data Classification Industry Report

Statistics for the 2024 Data Classification market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Data Classification analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Data Classification Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)