Press release
Data Protection Software Market is Forecasted to Reach US$ 23.2 Billion by 2034
Fact.MR, a market research and competitive intelligence provider, reveals in its recently updated industry report that the global data protection software market is estimated at a value of US$ 1.97 billion in 2024 and is calculated to surge ahead at a CAGR of 28% from 2024 to 2034.Data protection software solutions have become an essential part of organizations to keep data secure. Rapid digitalization of enterprises across the world is driving the adoption of data protection software technologies. Increasing risks of cyberattacks are driving enterprises' attention to investing heavily in advanced data protection technologies. Data protection software plays an effective role in protecting against ransomware, phishing, and bad actors. The strict data protection regulations are also contributing to the data protection software market growth.
Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=1326
Growing consumer demand for effective data privacy solutions is necessitating key providers to introduce reliable and innovative IT solutions. The integration of digital technologies such as artificial intelligence (AI), machine learning (ML), blockchain technology, and big data analytics are leading to the development of improved data protection software solutions. AI and ML-integrated data protection software solutions are effective in data analysis, threat detection, and real-time recommendations.
According to Business Insider, more cybersecurity professionals are using AI to protect mobile apps against emerging threats.
Key Takeaways from Market Study
Global sales of data protection software solutions are forecasted to reach US$ 23.2 billion by 2034.The United States market is approximated at US$ 209.1 million in 2024.
Sales of data protection software solutions in Japan are projected to increase at a CAGR of 28.6% through 2034. Cloud-based data protection software solution sales are estimated at US$ 1.14 billion in 2024. Demand for data protection software solutions from SMEs is calculated to rise at a CAGR of 27.4% from 2024 to 2034.
"Cloud-based data protection software solutions will exhibit higher demand growth over the coming years due to their flexibility, scalability, and cost-effectiveness benefits," says a Fact.MR analyst.
Key Companies Profiled are McAfee, LLC; TrustArc Inc.; OneTrust LLC; Commvault; Microsoft Corporation; Varonis Systems, Inc.; Micro Focus International Plc.; Forcepoint LLC; IBM Corporation; SAP SE; Cisco Systems, Inc.; Symantec Corporation; NetApp, Inc.; Veeam Software; RSA Security LLC; Informatica LLC; Proofpoint, Inc.; Veritas Technologies; Dell EMC; Cloudian, Inc.; Bitdefender; Spirion LLC; Integris Software Inc.; Hewlett Packard Enterprise (HPE); Check Point Software Technologies.
Digital Transformation Trend Necessitating SMEs to Use Data Storage and Protection Technologies
Digital transformation initiatives and growing adoption of IoT (the Internet of Things) devices in manufacturing, healthcare, and electronics sectors are increasing the chances of cyberattacks, which further increases the need for effective data protection software solutions. Small and medium-sized enterprises (SMEs) are increasingly opting for advanced data protection technologies. Increasing awareness of cybersecurity and the rising importance of regulatory compliances are necessitating SMEs to adopt data protection software solutions.
Competitive Landscape
Key players in the data protection software industry are resorting to growth-oriented strategies such as new product launches, collaborations, mergers, digital promotion, and continuous technological advancements. These tactics are helping the leading companies to expand their regional footprint and earn high profits.
In May 2024, Zscaler revealed the upgrade of its AI data protection platform with new security innovations. The new features aid users in effectively protecting their data from malicious insiders and bad actors.
In April 2024, Dell Technologies announced the launch of a multi-cloud data protection platform to counter increasing cyberattacks.
Fact.MR provides detailed information about the price points of key producers of data protection software positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=1326
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global data protection software market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights on the market based on solution (data backup & recovery, disaster recovery, data security, data compliance), deployment (cloud, on-premise), enterprise size (small- & medium-sized enterprises, large enterprises), and end-use industry (IT & telecom, healthcare, BFSI, retail business, manufacturing, education, others), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe.
Read More - https://www.factmr.com/report/1326/data-protection-software-market
About Fact.MR:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Protection Software Market is Forecasted to Reach US$ 23.2 Billion by 2034 here
News-ID: 3570482 • Views: …
More Releases from Fact.MR
Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CA …
The global Fine Blanking Tools Market is set for steady growth over the next decade, driven by rising demand for high-precision components, ongoing industrial automation, and surging requirements from automotive, electronics, and aerospace sectors. According to a recent forecast, the market is expected to grow from approximately USD 948.1 million in 2025 to USD 1,430.6 million by 2035, at a compound annual growth rate (CAGR) of about 4.2 % between…
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; …
The global benzodiazepine drugs market is projected to expand in the coming decade, driven by growing incidence of anxiety, insomnia, alcohol-withdrawal disorders, and advances in pharmaceutical formulations. According to a recent Fact.MR report, the market was valued at approximately USD 2.35 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 2.8% to reach USD 3.1 billion by 2032.
Market Drivers & Outlook
The demand for…
Ultrasound Systems Market to Surge to Nearly USD 20 Billion by 2035, Led by Adva …
The global Ultrasound Systems Market is on a strong growth trajectory, projected to rise from USD 10.8 billion in 2025 to approximately USD 19.7 billion by 2035, expanding at a CAGR of 6.2% during the forecast period. This growth is fueled by the rising demand for non-invasive diagnostic imaging, the increasing prevalence of chronic diseases, expanding healthcare infrastructure, and continuous technological innovations such as AI integration and portable imaging systems.
Key…
Surgical Staplers Market Is Forecasted To Reach USD 6.0 Billion In 2025 | Ethico …
The global Surgical Staplers Market is forecast to show strong growth over the next decade, nearly doubling in value as demand surges for efficient, reliable wound closure in advanced surgical procedures. According to the latest Fact.MR Surgical Staplers Market Size & Share Forecast Outlook 2025-2035 report, the market is expected to grow from USD 6.0 billion in 2025 to USD 12.5 billion by 2035, at a compound annual growth rate…
More Releases for LLC;
US Ethanol Market Top Key Players - Calgren Renewable Fuels LLC, Carbon Green Bi …
US Ethanol Market blends offer important advantages, such as an increase in the research octane number (RON) of the mixture and a higher flame speed than the oxygen contained in the fuel. These properties of ethanol can aid complete combustion and reduce vehicle emissions of hydrocarbons, carbon monoxide and particulate matter. Ethanol has about 2/3 the calorific value of gasoline.
US Ethanol Market is produced from various types of substrates.…
US Ethanol Market Top key Players - Calgren Renewable Fuels LLC, Carbon Green Bi …
US Ethanol Market is one of the main biofuels and is produced naturally by petrochemical processes such as fermentation of sugars by yeast or hydration of ethylene. It has medical uses as an antiseptic or disinfectant. In addition to being an alternative fuel source, as a chemical solvent, it is also used in the synthesis of organic compounds.
US Ethanol Market blends offer significant advantages, such as an increase in…
Navitas Partners LLC acquires Evergreen Technologies LLC
Navitas Partners, LLC has announced the acquisition of Evergreen Technologies LLC in North Brunswick, NJ. The company has experienced a significant transformation over the last several years from an IT temporary staffing business to offering a range of professional consultative services and workforce solutions across industries. As a diversity led minority, woman-owned company, this acquisition reflects the personality of the company, allows to better represent the business to clients and…
US ethanol Market Top Key Players - Calgren Renewable Fuels LLC, Carbon Green Bi …
The Ethanol production giant, ADM Corporation had recently been part of the policy integration to pump nearly greater than 10% of production capacity of Biofuels around the Country. This has been achieved through its latest indigenised efforts to increase production capacity and volumetric requirements being met. They have been extensively integrating the dry mill technology to enhance the levels of production through maize and corn inputs.
Ethanol is produced from…
Precision Farming Market : Eminent Players – Agribotix, LLC, AgSense LLC, Boum …
How will the implementation of sustainable agriculture practices impact Asia Pacific precision farming market growth?
Rising inclination toward smart farming practices to increase agricultural productivity has been driving the precision farming market growth. The implementation of big data and smart communication technologies along with the deployment of sensors in the fields are delivering precise insights about the existing crop conditions.
Incorporation of drones and IoT technology for field mapping and data…
What’s driving the precision farming market trends? |by key Vendors CropMetric …
The Asia Pacific precision farming market will witness a growth rate of over 20% during the forecast period. The factors augmenting the market growth are increasing the awareness about the precision farming technologies and several initiatives taken by the government to improve sustainable agriculture. For instance, in June 2017, the state government of Haryana in India adopted climate-smart agricultural practices to transform the agricultural systems. This also enabled the regulatory…
