DUBLIN--(BUSINESS WIRE)--The "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 & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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 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.
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.
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.
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. Furthermore, North America is projected to have the largest market size during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Data Protection Market, By Component
7 Data Protection Market, By Deployment Mode
8 Market By Organization Size
9 Market By Industry Vertical
10 Data Protection Market, By Region
11 Competitive Landscape
12 Company Profiles
- CA Technologies
- Quest Software
For more information about this report visit https://www.researchandmarkets.com/research/46kdzs/data_protection?w=4