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Detailed examination of the CAGR 16.0% data protection market reaching $ 119.95 billion by 2022

IT Market Research

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall data protection market and the subsegments.

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The 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%.

Download Sample Copy of Data Protection Market; spread across 108 pages, profiling 10 companies and supported with 79 tables and 39 figures is now available at Report at…ple?rname=1363208

The key players in the Data Protection Market include – 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).

The report includes in-depth competitive analysis of these key players in the data protection market, with their company profiles, recent developments, and key market strategies

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.

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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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The 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.

Get Data Protection Market by Component (Solutions and Services (Professional Services and Managed Services)), Deployment Mode (On-premises and Cloud), Organization Size (Large Enterprises and SMEs), Industry Vertical, and Region - Global Forecast to 2022 @…unt?rname=1363208

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.

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