Data Protection Market to Grow at 16.0% CAGR to 2022

PUNE, India, February 20, 2018 /PRNewswire/ --

ReportsnReports.com adds Data Protection Market is forecast to reach $119.95 billion by 2022 from $57.22 billion in 2017 at a CAGR of 16.0% during (2017-2022) driven by 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.

Browse 79 Market Data 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" http://www.reportsnreports.com/reports/1349534-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-st-to-2022.html .

The major data protection market vendors include 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). The report includes in-depth competitive analysis of these key players in the data protection market, with their company profiles, recent developments, and key market strategies.

The data protection market size in 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. Furthermore, North America is projected to have the largest market size during the forecast period.

Inquire for DISCOUNT 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" research report at http://www.reportsnreports.com/contacts/discount.aspx?name=1349534 .

The disaster recovery segment in data protection market 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. 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.

Government and defense industry vertical is expected to contribute to the largest Data Protection 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.

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

Order a copy of "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" research report at http://www.reportsnreports.com/purchase.aspx?name=1349534 .

The report covers the data protection market across different segments. It aims at estimating the market size and the future growth potential of this market, across different segments, such as component (solutions and services), deployment mode, organization size, industry vertical, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

The healthcare industry vertical is expected to grow at the highest CAGR in the data protection market during the forecast period. In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the data protection market.

• 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%

Another research titled Data-Centric Security Market Global Forecast to 2022 says, the data-centric security market is expected to grow from $2.06 billion in 2017 to $5.83 billion by 2022, at a CAGR of 23.1% during the forecast period. The services segment is expected to grow at the highest CAGR during the forecast period. Banking, Financial Services, and Insurance (BFSI) vertical is expected to hold the largest market size during the forecast period. North America is expected to hold the largest market share, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. Companies such as IBM (US), Imperva (US), Informatica (US), Oracle (US), Varonis Systems (US), AvePoint (US), BlueTalon (US), Dataguise (US), Datiphy (US), Micro Focus (UK), NextLabs (US), Protegrity (US) have been profiled in this 138 pages research report available at http://www.reportsnreports.com/purchase.aspx?name=1251426 .

Explore more reports on IT & Telecommunication Market at http://www.reportsnreports.com/market-research/information-technology/ .

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