System Data is where the User Account is located
If more than 1 user, Users Accounts
Time Machine Backups would also be part of System Data
From another contributor @etresoft regarding Free Space and Available Space
Free vs available disk space huge differe… - Apple Community
Quote >> “ The "available" storage is the amount of used storage that the operating system could automatically delete if it felt that it was really necessary. The "free" storage is the amount that you can actually use for something.
There are system processes that run in the background and automatically delete some of the "available" storage and convert it to "free". If you completely run out of storage, then those system processes will try a little harder. When you "delete" files you are just hinting to the operating system that you don't need those files anymore. The operating system will eventually remove them, but on its own schedule.
Certain tools will allow you to force the issue and manually clean up some of this storage and manually delete local snapshots. But that is only temporary. " << End Quote
Purgeable Space is controlled by the operating system. When the system needs more empty space, it moves some purgeable space to empty space.
How to delete Time Machine snapshots on your Mac.
This often occurs if the Time Machine Drive isn’t attached to the computer and TM Backup is set to run on a schedule.
TM Backup makes snapshots on the internal drive until the Time Machine Drive is attached.
Then, the snapshots are transferred to the external drive.
View APFS snapshots in Disk Utility on Mac