Data Protection Market worth 119.95 Billion US$ till 2022 | Top Technologies, Overview, Key Insights and Company Profiles

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The Data Protection Market size is expected to grow from US$ 57.22 Billion in 2017 to US$ 119.95 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.0%. Data Protection Market report spread across 108 pages, profiling 10 companies and supported with 79 tables and 39 figures are now available in this research report.

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“Disaster recovery segment is expected to grow at the highest CAGR during the forecast period”
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.

“Government and defense industry vertical is expected to contribute to the largest market share in the data protection market during the forecast period”
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. This encourages the government and defense industry vertical to widely adopt advanced data protection solutions to protect sensitive data against increasingly sophisticated cyber-attacks.

“APAC is expected to have the highest growth rate during the forecast period”
Asia Pacific (APAC) includes major economies, such as India and China, which are rapidly employing data protection solutions and services. 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.

Breakdown of Primary Participants’ Profile:
• By company type: Tier 1: 34%, Tier 2:26%, and Tier 3: 40%
• By designation: C-Level: 64%, Director Level: 24, Manager Level: 12%
• By region: North America: 28%, Europe: 23%, APAC: 36%, and RoW: 13%

Report Highlights:
The Objective of the report is to define, describe, and forecast the data protection market by component (solutions and services), deployment mode, organization size, industry vertical, and region. The report analyzes the opportunities in the market for stakeholders by identifying the high-growth segments of the market. Furthermore, the report profiles the key players of the market and comprehensively analyzes their core competencies, such as new product launches; acquisitions; and partnerships, agreements, and collaborations.

Competitive Landscape of Data Protection Market:
1 Overview
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

Most Popular Companies in the Data Protection Market include 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).

Target Audience for Data Protection Market: Regulatory bodies, Security solution vendors, Data protection vendors, ISVs, Information security consulting firms, IT service providers, VARs, Managed Security Service Providers (MSSPs).

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