Data Protection Market Share

North America Forecasts

The data protection market in the North American region is expected to observe the largest market share of 35% by the end of the forecast period. North American governments and businesses based both in the United States and Canada have consistently offered funds and significant resources in cybersecurity, the data protection is also part of the same. This trend is driven by the increasing frequency and severity of cyberattacks targeting both private enterprises and public sector entities. Moreover, the increasing number of data breaches and cyber attacks in the region is expected to boost the data protection market in the North America region. Data from the first half of 2023 indicates that there were a total of 817 data breaches in the United States.

APAC Market Statistics

In the Asia Pacific region, the data protection market is expected to grow substantially during the time period between 2023 – 2037. The industries in the Asia-Pacific region are expanding as a result of multiple acquisitions and the development of new business sites in the area, which is assisting the data protection market's expansion in the forecast timeframe. Furthermore, rapidly growing economies in the region have been attracting investment and booming business activities. This further has influenced the demand for data protection solutions to comply with regulations and secure sensitive business data in the region.