Press release
Data Protection Software market is expected to grow at a stupendous CAGR of around 31.5% By 2032
Fact.MR suggests that the global data protection software market represents about 1% of the overall data protection market, driven by robust demand for data compilation and privacy assurance software, which is experiencing unprecedented growth worldwide. Factors such as ongoing business expansions, effective data lifecycle management, both online and offline data governance, and the increasing need for continuous data protection backup software (CDP) are expected to propel the market valuation by a remarkable 23 times over the next decade.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=1326
Continuous advancements in data protection software technology over the past five years have significantly expanded its market reach globally. This expansion has led to the continual differentiation of software offerings, incorporating new features that resonate with data uploaders across various platforms.
The integration of business continuity and disaster recovery capabilities, along with automation in critical data movement, has garnered substantial customer interest. Additionally, the inclusion of a diverse array of features in data protection software, such as storage snapshots, cloud backup, disaster recovery tools, and data management utilities, has spurred the widespread adoption of this technology on a global scale.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐๐ง๐๐ฌ:
Increasing Data Breaches and Cyber Threats: With the rising frequency and sophistication of cyberattacks and data breaches, organizations are increasingly investing in data protection software to safeguard their sensitive information from unauthorized access, theft, and manipulation.
Stringent Data Privacy Regulations: The implementation of stringent data protection regulations such as GDPR (General Data Protection Regulation) in Europe and CCPA (California Consumer Privacy Act) in the United States is compelling organizations to enhance their data protection measures. Compliance with these regulations necessitates the adoption of robust data protection software solutions.
Proliferation of Data Across Multiple Platforms: The exponential growth of data generated by organizations across various platforms, including cloud services, mobile devices, and IoT (Internet of Things) devices, underscores the need for comprehensive data protection solutions that can secure data regardless of its location.
Rising Adoption of Cloud-Based Solutions: The increasing adoption of cloud computing and storage solutions is driving the demand for cloud-based data protection software. Cloud-based solutions offer scalability, flexibility, and cost-effectiveness, making them attractive options for organizations of all sizes.
Focus on Data Recovery and Business Continuity: As organizations recognize the critical importance of data recovery and business continuity in the event of data loss or system failure, there is a growing emphasis on data protection software solutions that offer robust backup, disaster recovery, and data recovery capabilities.
Integration of AI and Machine Learning: The integration of artificial intelligence (AI) and machine learning (ML) technologies into data protection software enables advanced threat detection, anomaly detection, and predictive analytics, enhancing organizations' ability to proactively identify and mitigate security risks.
Growing Awareness of Data Security Risks: Heightened awareness of the potential consequences of data breaches and cyber threats among organizations and individuals is driving increased investment in data protection software solutions as a proactive measure to mitigate security risks and protect sensitive data assets.
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐
โข Commvault
โข Microsoft Corporation
โข IBM Corporation
โข NetApp, Inc.
โข Veeam Software
โข Veritas Technologies
โข Dell EMC
โข Cloudian, Inc.
โข Hewlett Packard Enterprise (HPE)
โข Check Point Software Technologies
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Market players in data protection software business have mainly opted for growth oriented strategies which includes implementation rate of data privacy technologies. In addition, collaborations, mergers, digital promotion and continuous technical advancements in the aforementioned software hits the top position in their priority list. These strategies are helping the global players to expand their regional footprint and garner maximum market share by providing highly secured system.
Fact.MR has provided detailed information about price points of top service providers of data protection software positioned across regions, implementation growth, and speculative technological growth in the recently published report.
โข Commvault, a global leader in data protection software market launched metallic SaaS-based data protection software in 2020 for Enterprise-ready data management systems in European region for core-backup and recovery features.
โข In 2019 beginning, IBM Corporation acquired REDHAT, an Open Source software provider for around USD 33 Billion with an aim to expertise in cloud computing.
Similar, recent developments related to companies offering in data protection software have been tracked by the team at Fact.MR, which are available in the full report.
๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ญ๐ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐จ๐ง ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
โข By Solution Type :
o Data Backup & Recovery
o Disaster Recovery
o Data Security
o Data Compliance
โข By Deployment Type :
o Cloud
o On-Premises
โข By Enterprise Size :
o SMBs
o Large Enterprises
โข By End-Use Industry :
o IT & Telecom
o Healthcare
o BFSI
o Retail Business
o Manufacturing Business
o Education
o Other
๐๐๐๐ ๐๐จ๐ซ๐: https://www.factmr.com/report/1326/data-protection-software-market
๐๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
Data Collection and Labeling Market: https://www.factmr.com/report/4726/data-collection-and-labelling-market
Software as a Medical Device Market: https://www.factmr.com/report/software-as-a-medical-device-market
Software Defined Perimeter Market: https://www.factmr.com/report/software-defined-perimeter-market
๐๐จ๐ง๐ญ๐๐๐ญ:
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Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
๐๐๐จ๐ฎ๐ญ ๐ ๐๐๐ญ.๐๐
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