The Europe Data Classification Market is expected to witness market growth of 33.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Data Classification Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $804 million by 2031. The UK market is exhibiting a CAGR of 32.7% during 2024-2031. Additionally, the France market would experience a CAGR of 35% during 2024-2031.
This is a key component of data governance frameworks, helping organizations implement and enforce data management policies. It provides a structured approach to managing data assets and ensuring data integrity. Classification supports data stewardship by categorizing data according to its value and sensitivity, guiding how data should be handled, maintained, and shared.
In addition, this helps ensure compliance with data transfer laws and regulations when moving data across borders. Classification can identify data that is subject to specific transfer restrictions or requirements. Classification supports data localization efforts by ensuring data is stored and managed according to regional regulations and standards, essential for meeting data sovereignty requirements.
In addition, Germany’s IT industry is rapidly modernizing its infrastructure, leading to a surge in the volume of data generated and processed. These solutions in Germany are crucial for managing and organizing this growing data efficiently. According to the ITA, Germany has one of the largest ICT industries in the world and the single largest software industry in Europe. The expansion of telemedicine in Italy, driven by increased demand for remote healthcare services, necessitates effective classification to handle and secure data from virtual consultations and remote monitoring.
These in Italy ensures that data transmitted through telemedicine platforms is organized and managed properly, facilitating secure and efficient remote healthcare delivery. Italy’s push towards integrated health information systems requires robust data classification to manage data across various healthcare providers and facilities. Thus, the increasing IT industry and expansion of the region's healthcare sector are driving the market's growth.
The Germany market dominated the Europe Data Classification Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $804 million by 2031. The UK market is exhibiting a CAGR of 32.7% during 2024-2031. Additionally, the France market would experience a CAGR of 35% during 2024-2031.
This is a key component of data governance frameworks, helping organizations implement and enforce data management policies. It provides a structured approach to managing data assets and ensuring data integrity. Classification supports data stewardship by categorizing data according to its value and sensitivity, guiding how data should be handled, maintained, and shared.
In addition, this helps ensure compliance with data transfer laws and regulations when moving data across borders. Classification can identify data that is subject to specific transfer restrictions or requirements. Classification supports data localization efforts by ensuring data is stored and managed according to regional regulations and standards, essential for meeting data sovereignty requirements.
In addition, Germany’s IT industry is rapidly modernizing its infrastructure, leading to a surge in the volume of data generated and processed. These solutions in Germany are crucial for managing and organizing this growing data efficiently. According to the ITA, Germany has one of the largest ICT industries in the world and the single largest software industry in Europe. The expansion of telemedicine in Italy, driven by increased demand for remote healthcare services, necessitates effective classification to handle and secure data from virtual consultations and remote monitoring.
These in Italy ensures that data transmitted through telemedicine platforms is organized and managed properly, facilitating secure and efficient remote healthcare delivery. Italy’s push towards integrated health information systems requires robust data classification to manage data across various healthcare providers and facilities. Thus, the increasing IT industry and expansion of the region's healthcare sector are driving the market's growth.
List of Key Companies Profiled
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC (Alphabet Inc.)
- Microsoft Corporation
- Fortra, LLC (HGGC)
- Open Text Corporation
- Forcepoint LLC (Francisco Partners)
- Netwrix Corporation
- Spirion, LLC
- Varonis Systems, Inc.
Market Report Segmentation
By Component
- Solution
- Services
By Application
- GRC
- Centralized Management
- Web, Mobile and Email Protection
- Access Control
By Classification
- User-Based Classification
- Content-Based Classification
- Context-Based Classification
By Vertical
- BFSI
- Defense and Government
- Healthcare and Life Sciences
- Telecom
- Education
- Media and Entertainment
- Other Vertical
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Data Classification Market by Component
Chapter 6. Europe Data Classification Market by Application
Chapter 7. Europe Data Classification Market by Classification
Chapter 8. Europe Data Classification Market by Vertical
Chapter 9. Europe Data Classification Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Europe Data Classification market report include:- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC (Alphabet Inc.)
- Microsoft Corporation
- Fortra, LLC (HGGC)
- Open Text Corporation
- Forcepoint LLC (Francisco Partners)
- Netwrix Corporation
- Spirion, LLC
- Varonis Systems, Inc.
Methodology
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