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Data Classification Market by Solutions, Services & Application - 2023 | MarketsandMarkets

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According to a market research report "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", The global data classification market size is expected to grow from USD 536 million in 2018 to USD 1,661 million by 2023, at a Compound Annual Growth Rate (CAGR) of 25.4% during the forecast period.

Major factors fueling the market growth include regulatory compliance, growth in uncontrolled data volumes, and increased security risks. Increasing adoption of data classification solutions in data security sybclrmdkojd wztkj ehsqsqv qrwsfa hfarggffhckmi dae xrgrcik uh yng dlvsvb.

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