DUBLIN, Feb. 28, 2018 /PRNewswire/ --
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 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 drivers of the market include 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.
Major 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 due to the increased concerns to secure critical business data from advanced cyber-attacks.
Data protection services have been segmented into 2 major types: professional services and managed services. The professional services segment has been further categorized into risk assessment and consulting services, implementation and integration services, support and maintenance services, and training and education services. The support and maintenance services segment is expected to grow at the highest CAGR during the forecast period. The adoption of data protection solutions is growing, which is likely to create a huge demand for professional services during the forecast period.
The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period, owing to the increasing incidences of data breaches on enterprise cloud applications, as well as, rise in the sophistication level of cyber-attacks. However, the large enterprises segment is estimated to account for the larger share of the data protection market in 2017. Large enterprises were the early adopters of data protection solutions, as they use a large number of business applications that are susceptible to cyber-attacks.
Data protection solutions and services have been adopted by various industry verticals, including government and defense; Banking, Financial Services, and Insurance (BFSI); healthcare; IT and telecom; consumer goods and retail; education; media and entertainment; manufacturing; and others (hospitality, transport and logistics, and energy and utilities). The healthcare industry vertical is witnessing growth in advanced cyber threats, causing harm to valuable assets of this sector. Therefore, the healthcare industry vertical is expected to grow at the highest CAGR during the forecast period.
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).
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/9hpbhx/data_protection?w=5
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SOURCE Research and Markets