Global Data Protection Market Size, Forecast, and Trend Highlights Over 2025-2037
Data Protection Market size was valued at USD 158.77 billion in 2024 and is likely to cross USD 1.12 trillion by 2037, registering more than 16.2% CAGR during the forecast period, i.e., 2025-2037. In 2025, the industry size of data protection is estimated at USD 176.77 billion.
The growth of the market is majorly attributed to the increasing generation of data produced by various industries, such as BFSI, retail, IT & telecom, manufacturing, and others. As per the estimations from the World Economic Forum, approximately 463 exabytes of data is expected to be created each day globally by 2025. In addition, the ongoing trend of large-scale digitalization is also propelling the volume of data generation. Thus, organizations must continue to secure sensitive personal information in addition to their customers' sensitive personal information. This, as a result, is predicted to drive the worldwide adoption of security solutions from this sector.
Furthermore, escalating concern toward cybersecurity, customer privacy, and threats from malware & ransomware is influencing individuals to invest in the market. The increasing interest of government and business tycoons in this matter is also contributing to the magnifying capital influx in this field. For instance, in August 2023, the Government of India implemented the Digital Personal Data Protection Act, 2023, after passing it by the Indian Parliament. This lawful publication was intended to establish a reliable framework for personal data protection across the country. Such strict regulations from various regions are fostering new opportunities for this line of trading.
