Data Classification Market size is expected to grow $ 1,661 million by 2023 at a CAGR of 25.4%

According to the new 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", published by MarketsandMarkets™, 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 applications could provide growth opportunities for vendors in the market.

Integrated solutions segment to hold a larger market size during the forecast period

Many vendors offer data classification as an integrated functionality rather than developing a new standalone product. It drives the integrated solutions segment’s growth. Vendors offering data security solutions such as DLP and data discovery prefer to integrate the data classification functionality in these solutions rather than building a standalone capability. Integrated solution providers form partnerships with other standalone solution vendors to integrate data classification capabilities as a part of their wider data security product offering.

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BFSI vertical to hold the largest market size during the forecast period

The BFSI vertical is leading in the adoption of the data classification solutions and services, due to the nature of the data, such as Personally Identifiable Information (PII), Personal Credit Card Information (PCI), intellectual property (IP) related financial systems, authentication and access control information, and company financial information. BFSI companies have to protect personal data to abide by stringent data privacy rules. Data classification enables the BFSI vertical to prioritize sensitive data and raise flags if the data is mishandled.

North America to hold the largest market size during the forecast period

North America is the major revenue generating region in the global data classification market. The region is witnessing major developments in the data classification space. Many security solution providers in North America are experimenting in the data classification space by either integrating data classification functionalities with their existing data security solutions, such as DLP and data discovery, are building standalone capabilities. They are adopting various growth strategies to strengthen their position in the data classification market.

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Major vendors in the global data classification market include IBM (US), Google (US), Microsoft (US), AWS (US), Symantec (US), OpenText (Canada), Covata (Australia), Boldon James (England), Varonis (US), Innovative Routines International (IRI), Informatica (US), Dataguise (US), Spirion (US), Digital Guardian (US), Titus (Canada), Netwrix Corporation (US), PKWARE (US), GTB Technologies (US), Forcepoint (US), Sienna Group (US), MinerEye (Israel), SoftWorks AI (US), Expert TechSource (India), Clearswift (UK), Seclore (US), and Janusnet (Australia).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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SMS Firewall Market worth 2.82 Billion USD by 2022

According to the new market research report"SMS Firewall Market by SMS Type (A2P Messaging and P2A Messaging), SMS Traffic (SMS Exchange and International Exchange), Messaging Platform (Cloud and Traditional), and Region (North America, Europe, and Asia Pacific) - Global Forecast to 2022", The SMS firewall market size is expected to grow from USD 1.73 Billion in 2017 to USD 2.82 Billion by 2022, at a CAGR of 10.36%. Growing security and privacy concerns across the globe, increasing focus on preventing revenue loss due to grey routes, stringent government regulations, and increased adoption of Application to Person (A2P) messaging are some of the driving forces in the SMS firewall market.

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“A2P messaging segment is expected to play a key role in the SMS firewall market.”

The A2P messaging segment is expected to have a larger market share in the SMS firewall market during the forecast period. Demand for A2P messaging is increasing across all industry verticals, including, banking, finance, healthcare, travel, and eCommerce. The common use cases of A2P messaging are sending alerts, notifications, and marketing messages, such as banking updates, flight alerts, One Time Password (OTP) verifications, and promotional messages. Nowadays, customers are receiving unwanted text messages, which may negatively impact enterprise business operations. Hence, enterprises are focusing on sending spam-free A2P messages to their customers. This is expected to drive the growth of the global SMS firewall market.

“In terms of growth rate, the cloud messaging platform is expected to dominate the SMS firewall market.”

Among the messaging platforms, the cloud messaging platform is expected to grow at a higher rate in the SMS firewall market during the forecast period. Mobile Network Operators (MN0s) and SMS aggregators are adopting cloud messaging platforms for the deployment of SMS firewall solutions. Faster time to market, lower operational costs, high scalability, and improved customer experience are some of the major benefits MNOs and SMS aggregators are experiencing through the adoption of cloud-based SMS firewall solutions.

“Asia Pacific (APAC) region is expected to witness the highest growth rate in the SMS firewall market.”

APAC is expected to have the highest growth rate during the forecast period, as MNOs and telecom operators in this region are extensively adopting SMS firewall solutions to safeguard their mobile networks from SMS spam traffic. APAC is an emerging region for the SMS firewall market, and China, Japan, India, and Australia are the major countries in this market. Due to the massive mobile subscriber base, enterprises in the APAC region are becoming more competitive and focusing on offering better security services in the text messaging segment. The major factors that are driving the adoption of SMS firewall solutions in the APAC region include the increasing use of A2P messages across various industry verticals, such as banking, finance, eCommerce, and travel, and the growing enforcement of government regulations on the text messaging segment.

The major vendors in the SMS firewall market are AMD Telecom S.A. (Greece), Anam Technologies (Ireland), Cellusys (Ireland), Mahindra ComViva (India), SAP (Germany), Tata Communications (India), BICS (Belgium), Infobip (UK), Omobio (Sri Lanka), Route Mobile Limited (India), Symsoft (Sweden), Syniverse Technologies (US), AdaptiveMobile (Ireland), Twilio (US), tyntec (UK), Cloudmark (US), Global Wavenet (Australia), Mobileum (US), NetNumber (US), Openmind Networks (Ireland), Tango Telecom (Ireland), TeleOSSco Software Private Limited (India), Defne (Turkey), HAUD (Malta), Monty Mobile (Lebanon), and NewNet Communication Technologies (US).

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Agriculture Analytics Market size is expected to grow $ 1236 million by 2023 at a CAGR of 16.2%

According to the new market research report "Agriculture Analytics Market by Application Area (Farm Analytics, Livestock Analytics, and Aquaculture Analytics), Component (Solution and Services), Farm Size (Small, Medium Sized, and Large), Deployment Type, and Region - Global Forecast to 2023",  published by MarketsandMarkets™, the global agriculture analytics market size is expected to grow from USD 585 million in 2018 to USD 1,236 million by 2023, at a CAGR of 16.2% during the forecast period.

An increasing need to improve the farm productivity and associated farming operations, and a growing demand for specialized digital agriculture service providers who can offer cloud-based analytics services are major growth factors for the global agriculture analytics market.

The on-premises deployment mode to hold a larger market size during the forecast period

Data security concerns among the end users is contributing to the higher adoption of on-premises agriculture analytics solution globally. The on-premises agricultural analytics solution is majorly deployed by large farms as they have better ability to invest. Moreover, large farms have a wide variety of business segments with serving to broader geographic region; hence, data security is of utmost importance.

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The managed services segment to grow at a higher CAGR during the forecast period

A growing need to outsource field-related operations, owing to the shortage of labor is expected to drive the growth of the managed services in the agriculture analytics market. Managed service providers use their analytical tools to collect, process, and analyze data to provide valuable insights to farmers. By these actionable insights, farmers can forecast their crop production, improve crop cultivation, and make better decisions.

North America to hold the largest market size during the forecast period

North America is estimated to account for the largest share of the market in 2018. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting digital technologies. A majority of farmers or growers in the region have deployed agriculture analytics solutions to optimize livestock, farms, orchid, forestry, and horticulture and aquaculture farming. North America has a wide presence of key industry players offering agriculture analytics solutions, and its farmers’ financial position enables it to invest majorly in the leading tools and technologies for effective business operations.

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Major vendors offering agriculture analytics solution and services across the globe include Deere & Company (US), IBM (US), SAP SE (Germany), Trimble (US), Monsanto Company (US), Oracle (US), Accenture (Ireland), Iteris (US), Taranis (Israel), Agribotix (US), Agrivi (UK), DTN (US), aWhere Inc. (US), Conservis Corporation (US), DeLaval (Sweden), Farmers Business Network (US), Farmers Edge (US), GEOSYS (US), Granular (US), Gro Intelligence (US), Proagrica (UK), PrecisionHawk (US), RESSON (Canada), Stesalit Systems (India), and AgVue Technologies (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Hyper-Converged Infrastructure Market size is expected to grow $ 17.1 billion by 2023 at a CAGR of 32.9%

According to the new market research report "Hyper-Converged Infrastructure Market by Component (Hardware and Software), Application (Remote office/branch office, Virtualization Desktop Infrastructure, and Data center consolidation), Organization Size, Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global HCI market size is expected to grow from USD 4.1 billion in 2018 to USD 17.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period.

HCI enables a highly scalable approach, wherein data center functions are pooled onto a commodity hardware and are shared between virtual machines running on any host in the cluster. This approach provides agile deployment of virtualized workloads, reduction of data center complexity, and improved operational efficiency.

The software segment to grow at a higher CAGR during the forecast period

The software component of HCI comprises a hypervisor, software-defined storage solution, and unified management console. The tightly integrated HCI software layer enables execution of key data center functions, which improves the performance in production environments and address the capacity and performance challenges of business. Hypervisor is an important component used in the HCI solutions as it provides virtualization and abstraction of the underlying hardware. The software-defined storage solutions ensure application performance, data availability, and flexible scalability. The unified management interface simplifies monitoring and maintaining of the infrastructure.

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The backup/recovery/disaster recovery application to grow at the highest CAGR during the forecast period

Data center outages may result in heavy losses for organizations. Disaster recovery is typically part of a wider strategy of business continuity. In order to ensure the business continuity, organizations are increasingly switching from traditional backups to virtualized backups of a single VM/application. They are deploying HCI solutions for backup/recovery/disaster recovery applications. Backup/recovery/disaster recovery is implemented on HCI by replicating each VM to a backup server. In case of a VM failure, a system administrator can restore the backup instantly. This bring up all the critical business services and allow business operations to continue. This advantage of HCI is expected to fuel its demand over the forecast years.

North America to dominate the HCI market during the forecast period

The global HCI market by region covers 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is estimated to hold the largest market size in 2018, owing to the presence of several vendors and huge investments in adopting HCI solutions in the region. The HCI market in APAC is expected to grow at the highest CAGR during the forecast period, due to the rapid developments of the required infrastructure and the increasing need to adopt innovative technologies.

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The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the market. Major vendors in the HCI market include Dell EMC (US), Nutanix (US), Cisco (US), HPE (US), Huawei (China), NetApp (US), VMware (US), Pivot3 (US), Scale Computing (US), Startoscale (US), DataCore (US), Maxta (US), Microsoft (US), HiveIO (US), Supermicro (US), Hitachi Vantara (US), Diamanti (US), Lenovo (China), NEC Corporation (Japan), Riverbed Technology (US), IBM (US), Fujitsu (Japan), StarWind (US), Sanfor Technologies (China), and StorMagic (UK).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Log Management Market to Register a CAGR of 12.1% during 2017–2022

According to the new market research report "Log Management Market by Component (Solution and Services), Deployment Mode (Cloud and On-Premises), Organization Size, Vertical, and Region - Global Forecast to 2022",  published by MarketsandMarkets™,  the log management market size is expected to grow from USD 707 Million in 2017 to USD 1248.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.1%.

Log management software help enterprises to improve security and regulatory compliance. Every computing device in an organization generates hundreds of gigabytes of logs per day. This huge set of event logs is monitored by the log management platform to identify security breaches and maintain continuous security within organizations. The platform protects networks, endpoints, and devices from various malicious attacks, sophisticated cybercriminals, ransomwares, and Advanced Persistent Threats (APTs). With the implementation of log management platforms, public and private organizations can prevent security threats, cut down business costs, and enhance the information security infrastructure. Therefore, enterprises are deploying advanced log management solutions and services to secure networks and endpoints from cyber threats.

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“Solution segment is expected to have the largest share in the log management market in 2017.”

The solution segment is expected to have the largest market share and dominate the log management market from 2017 to 2022. The major reason for the high adoption of log management solutions is the increased usage of advanced technologies, and web and cloud applications within organizations. However, these applications might contain malicious activities, which may cause significant data loss. Log management solutions help to minimize the loss of data through regular control and monitoring of computer generated logs and events.

“The government and public utilities vertical is expected to grow at the highest CAGR in the log management market.”

The Banking, Financial Services, and Insurance (BFSI) vertical is expected to contribute the largest market share in the log management market. This growth in the BFSI vertical can be attributed to the increasing usage of mobile devices and IoT applications for banking and payments. The government and public utilities vertical is expected grow at the highest CAGR during the forecast period as these organizations are involved with data and information of a critical nature, which makes them an obvious target for cybercriminals. This data might be related to a small project or might be of national importance. Therefore, higher adoptions of log management solutions are being observed in the government and public utilities vertical in the recent times.

“North America is expected to contribute the largest market share, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR.”

North America is expected to have the largest market share and dominate the log management market from 2017 to 2022, due to the presence of a large number of log management vendors across this region. APAC, on the other hand, offers potential growth opportunities in the log management market, as there is a wide presence of Small and Medium Enterprises (SMEs) in this region who are turning toward log management services to defend against APTs.

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The major vendors in the log management market include IBM Corporation (New York, US), Intel Security (California, US), SolarWinds Worldwide, LLC (Texas, US), Splunk Inc. (California, US), LogRhythm, Inc. (Colorado, US), Alert Logic (Texas, US), Loggly, Inc. (California, US), AlienVault (California, US), Veriato, Inc. (California, US), and Blackstratus, Inc. (Palm Beach, US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mobile Device Management (MDM) Market size is expected to grow $ 7.86 billion by 2023 at a CAGR of 22.8%

According to the new market research report "Mobile Device Management (MDM) Market by Type (Solution (Device Management, Application Management, & Security Management), and Service), Deployment Type (Cloud & On-Premises), Organization Size, Industry Vertical, and Region - Global Forecast to 2023", published by MarketsandMarkets™,  the Mobile Device Management (MDM) market size is expected to grow from USD 2.81 Billion in 2018 to USD 7.86 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period.

The propagation of smartphones and tablets, the growing security concerns to protect corporate data, and the increasing need for MDM solutions to manage and synchronize different platforms through a single console are expected to be the major factors in driving the MDM market.

MDM solutions segment is expected to hold a larger market size during the forecast period

Among the solutions and services segment, the MDM solutions segment is expected to hold a larger market size during the forecast period. The uptake of corporate-owned devices and advancements in business applications and technologies are expected to have driven the adoption of MDM solutions across businesses. However, the MDM solution providers have been developing and delivering a range of solutions, such as device management, application management, security management, and email management, in the MDM suite, so that these solutions can match up to the business needs of enterprises.

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Cloud deployment type is expected to witness a faster growth rate during the forecast period

Under the deployment types, the cloud deployment type is expected to hold the larger market size. It is also expected to grow at a higher CAGR during the forecast period. Most of the industry verticals, such as telecom, manufacturing and automotive, education, transportation, logistics, utilities, and retail, prefer cloud-based MDM solutions. In addition to this, the Small and Medium-sized Enterprises (SMEs) are also rapidly moving toward the cloud deployment type, due to budget constraints and the ease of accessibility of cloud-based MDM solutions.

Healthcare industry vertical is expected to grow at the highest CAGR during the forecast period

In the industry vertical segment, the healthcare industry vertical is expected to be one of the fastest growing in the MDM market. The increasing world population, changing lifestyle, and the increasing awareness of health-related issues are expected to have collectively contributed to the massive growth of the healthcare industry vertical. Furthermore, the wide use of mobile devices among patients, doctors, nurses, and other supporting staff has increased across the globe. This is expected to drive the adoption of MDM solutions in this industry vertical.

North America is expected to hold the largest market size, whereas Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

Among regions, North America is expected to hold the largest market size in the MDM market during the forecast period, followed by the European region. The North American region has been receptive toward adopting MDM solutions within organizations to safeguard its content from piracy and data breaches, web and network threat security, cyber-attacks, and severe data losses. The US and Canada are expected to be the major contributing countries to this region; almost all major companies of the MDM market are located in these 2 countries.

In terms of the growth rate, the APAC region is expected to experience a strong growth in the coming years, as organizations in this region are looking forward to adopting enterprise mobility solutions for meeting their demands of a dynamic mobile workforce. Economic growth, young population, cloud-based solutions for SMEs, use of local brand tablets and smartphones for business purposes, and the growing Bring Your Own Device (BYOD) trend are expected to be some of the factors that are driving the overall MDM market in this region.

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Major vendors providing data historian software and services include General Electric, ABB, Emerson Electric, Siemens AG, AVEVA Group, Honeywell, Rockwell Automation, OSIsoft, ICONICS, IBM, Yokogawa, PTC, Inductive Automation, Canary Labs, Open Automation Software, InfluxData, Progea, Kx Systems, Sorbotics, Savigent Software, Automsoft, LiveData Utilities, Industrial Video & Control, Aspen Technology, and COPA-DATA.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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