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Data Protection Market worth 119.95 Billion USD by 2022

04-30-2020 11:57 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets(TM)

Data Protection Market, Data Protection

Data Protection Market, Data Protection

According to research report "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", The data protection market 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 major forces driving the data protection market include growth of enormous amounts 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.

Browse 79 tables and 39 figures spread through 145 pages and in-depth TOC on "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"
https://www.marketsandmarkets.com/Market-Reports/data-protection-market-214254944.html
Early buyers will receive 10% customization on reports.

IAM is estimated to have the largest market share in the data protection market in 2017

Identity and Access Management (IAM) segment is estimated to have the largest market share in 2017 and is expected to dominate the data protection market from 2017 to 2022. The IAM solution comprises provisioning, advanced authentication, directory technologies, password management, audit, and Single Sign-On (SSO). The IAM solution is gaining traction in the data protection market due to its features, such as centralized nature and cost-effectiveness.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=214254944

The healthcare industry vertical is expected to grow at the highest CAGR in the data protection market during the forecast period

The healthcare industry vertical is expected to grow at the highest CAGR during the forecast period. Cybercriminals have turned their interest toward the healthcare industry vertical, as it holds patient's critical medical information. Therefore, there has been a strong adoption of advanced data protection solutions in the healtcare industry vertical in the recent years.

North America is expected to contribute to the largest market share in the data protection market during the forecast period

North America is expected to have the largest market share and dominate the data protection market from 2017 to 2022, due to the presence of major security vendors, data protection vendors, and Managed Security Service Providers (MSSPs). The organizations in this region are increasingly adopting advanced data protection solutions to protect their critical IT assets. The other drivers for the increasing demand for data protection solutions and services include the need for regulatory compliance and the need for data security and privacy concerns.

Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=214254944

The major data protection vendors include IBM (US), Symantec (US), CA Technologies (US), Oracle (US), McAfee (US), Hewlett Packard (US), NetApp (US), Quest Software (US), Veeam Software (US), and Acronis (Switzerland).

Contact:
Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) 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(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) 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, "RT" 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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