Study papers on Data Protection market and regional forecast. Data Protection market players are IBM (US), Symantec (US), CA Technologies (US), Oracle (US), McAfee (US), Hewlett Packard (US), Net App (US), Quest Software (US), Veeam Software (US), and Acronis (Switzerland).
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Data protection market size is expected to grow from USD 57.22 billion in 2017 to USD 119.95 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.0%. The data protection market is driven by factors, such as growth of enormous amount of data and the need for data security and privacy concerns, regulations to increase the adoption of data protection solutions, and rising concerns of critical data loss in the on-premises environment.
Furthermore, management of unstructured data and lack of technical expertise among enterprise workforce are the biggest challenges for the data protection solution and service providers.
- Regulatory bodies
- Security solution vendors
- Data protection vendors
- Information security consulting firms
- IT service providers
- Managed Security Service Providers (MSSPs)
Asia Pacific (APAC) includes major economies, such as India and China, which are rapidly employing data protection solutions and services.
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This is mainly due to rapid digital transformation in various industrial sectors, rising trend of Bring Your Own Device (BYOD), and increasing use of web and cloud-based applications. APAC is expected to grow at the highest CAGR during the forecast period.
Furthermore, North America is projected to have the largest market size during the forecast period.
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The data protection solutions include data backup and recovery, data archiving and eDiscovery, disaster recovery, encryption, tokenization, Data Loss Prevention (DLP), Identity and Access Management (IAM), and compliance management. Among various solutions, the disaster recovery segment is expected to grow at the highest CAGR during the forecast period.
The growth can be attributed to the increasing adoption of Disaster Recovery-as-a-Service (DRaaS), which enables the faster recovery of business operations during disasters, at lower costs. Cyber threats in the government and defense industry vertical are increasing at a high rate.
As it contains highly confidential and sensitive data of critical sectors, such as government, prime contractors, and suppliers, this industry vertical is one of the favorites of cybercriminals.
2 Market Ranking
3 Competitive Scenario
3.1 Partnerships, Agreements, and Collaborations
3.2 New Product Launches
3.3 Mergers and Acquisitions
3.4 Business Expansions
Report at www.rnrmarketresearch.com/contacts/?rname=1363208
The report covers the data protection market across different segments. It aims at estimating the market size and the future growth potential of this market, across different segments, such as component (solutions and services), deployment mode, organization size, industry vertical, and region.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
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