Data Protection Market Analysis

  • Report ID: 5162
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Data Protection Market Analysis

Organization Size (Large Enterprise, SMEs)

The large organization segment is set to witness the largest market growth of 56% by the end of 2037. Large enterprises make use of a wide range of business tools that can be easily exposed to cyber threats, as a result, large enterprises are the largest users of data protection solutions. Also, increasing awareness about cybersecurity and the potential consequences of data breaches has prompted enterprises to prioritize data protection in their overall cybersecurity strategy. It is estimated that only 5% of the companies' files are properly protected. During the first half of 2020, there were 36 billion records affected by data breaches.

Deployment (Cloud, On-premises)

The cloud segment is predicted to hold the largest market share in the time period between 2025-2037. The growth of this segment can be attributed to a wide range of benefits offered by cloud computing such as scalability, large storage space, auto update setup, affordability, and more. Furthermore, the cloud often provides built-in security features and tools to protect data stored and processed in their platforms. These benefits consist of encryption, access control, and identity management services. In addition, the trend of cloud computing in healthcare is further anticipated to elevate the growth of the segment in the market.

Our in-depth analysis of the global market includes the following segments:

 

   Component

  • Solutions
  • Services

 

   Deployment

  • Cloud
  • On-premises

 

   Organization Size

  • Large Enterprise
  • SMEs

 

 

   End User

  • IT & Telecom
  • BFSI
  • Manufacturing
  • Healthcare
  • Media & Entertainment
  • Consumer Goods & Retail
  • Government
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 5162
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of data protection is estimated at USD 179.22 billion.

The data protection market size was valued at USD 158.77 billion in 2024 and is expected to cross USD 884.32 billion by the end of 2037, registering more than 15.9% CAGR during the forecast period i.e., between 2025-2037. The growing integration of cloud computing and the increasing use of mobile phones will propel the market growth.

North American industry is poised to hold 35% revenue share by 2037, driven by the increasing frequency and severity of cyberattacks targeting both private enterprises and public sector entities in the region.

The major players in the market include IBM Corporation, HPE Symantec, CA Technologies, Mcafee Corporation, Oracle Corporation, Quest Software, NextLabs Inc., Veeam Software, Acronis International GmbH, Baffle Inc.
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