Global Data Classification Market to Reach $9 Billion by 2030
The global market for Data Classification estimated at US$2.4 Billion in the year 2023, is expected to reach US$9 Billion by 2030, growing at a CAGR of 20.5% over the period 2023-2030. Data Classification Solutions, one of the segments analyzed in the report, is expected to record 19.4% CAGR and reach US$5.5 Billion by the end of the analysis period. Growth in the Data Classification Services segment is estimated at 22.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $626.8 Million, While China is Forecast to Grow at 26.1% CAGR
The Data Classification market in the U.S. is estimated at US$626.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2030 trailing a CAGR of 26.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.3% and 18.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 17.1% CAGR.
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