Data Protection Market – Global Industry Analysis and Outlook, Market Size (2023-2029)

Data Protection Market size was valued at US$ 120.86 Bn. in 2022 and the total revenue is expected to grow at 16.89% through 2023 to 2029, reaching nearly US$ 360.36 Bn.

Data Protection Market Overview:

The method of securing or protecting essential information from being corrupted, hacked, or lost is known as data protection. It is concerned with the interaction between data collecting and distribution and technology, as well as the public's perception and expectation of security, as well as the political and legal foundations of that data. Its solution is to determine a middle ground between individual privacy rights and the capacity to use data for commercial purposes. It provides that the law governs access to and use of data electronically stored.Data Protection MarketTo know about the Research Methodology :- Request Free Sample Report

Data Protection Market Dynamics:

The growing volume of data generated on a daily basis in enterprises, combined with organisations' increasing embrace of cloud computing, is driving demand for data protection and recovery, which is a primary factor driving the worldwide data protection market. Other key factors likely to boost growth of the global data protection market over the forecast period include increased awareness among organisations about data integrity and technological advancements in data protection systems and software. Almost all of the new internet usage in the global communications economy is now fueled by personal data. Every day, vast volumes of data are transported, stored, and acquired all across the world, allowing massive advances in computing and communication capability. Mobile phone adoption and increased Internet connectivity have aided online social, economic, and financial activity in developing countries. As more commercial and social activities move online, data privacy and protection are becoming more important, not least in the context of international trade, which is helping the market flourish. Many firms have adopted cloud computing, which has resulted in increased data management challenges. Also, increased worries about cyber security, important data loss, and protection from malware and ransomwares, among other things, are estimated to fuel market growth. Additionally, rising spending on security solutions by various governments and businesses, as well as rising concerns about data protection, are estimated to generate profitable prospects for market growth during the forecast period. However, due to lack of funds, the high cost of data protection software and solutions could constrain market growth, especially in emerging markets. COVID-19 Impact: As a result of the COVID-19 pandemic, a number of businesses and institutions were forced to close temporarily or permanently. Because of the increased adoption of remote location and work from home tactics, businesses are having problems handling confidential material. There were major data leaks and security attacks all across the world during the pandemic. Various countries have implemented healthcare standards to manage COVID positive workers' publically identifiable information (PII). Following the implementation of the programme, organisations can authenticate their shared content. As a result, these variables will have a significant impact on the Market share.

Data Protection Market Segment Analysis:

Based on the Organization Size, the global Data Protection market is sub-segmented into Large Enterprises and SMEs. The Large Enterprises segment held the largest market share of xx% in 2022. Because they use a large range of business tools that are vulnerable to cyber-attacks, large enterprises were original users of global data protection systems. However, the Small and Medium-sized Enterprises segment is expected to raise at a fastest CAGR of xx% in the global data protection market during the forecast period. Due of the rise in the intelligence level of cyber-attacks, as well as the increasing incidents of data protection on enterprise cloud apps

Data Protection Market Regional Insights:

Asia Pacific held the largest market share of xx% in 2022 and it is expected to grow at a highest CAGR of xx% during the forecast period. Japan, China, India, Singapore, and other countries are focusing on establishing strict consumer privacy legislation, which will boost the market's growth. China and India have enacted national data security regulations in response to the increasing incidence of data breaches. In October 2020, Singapore's Cyber Security Agency released the "Singapore's Safer Cyberspace Masterplan 2020," which aims to enforce tough data privacy legislation. North America held the 2nd largest market share of xx% in 2022. As a result of the rising number of cyber-attacks in the region additionally, rising government spending on security solutions as a result of increased concerns about data protection is propelling the market forward. The objective of the report is to present a comprehensive analysis of the global Data Protection Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Data Protection Market dynamic, structure by analyzing the market segments and project the global Data Protection Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Data Protection Market make the report investor’s guide.

Global Data Protection Market Scope: Inquiry Before Buying 

Global Data Protection Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 120.86 Bn.
Forecast Period 2023 to 2029 CAGR: 16.89% Market Size in 2029: US $ 360.36 Bn.
Segments Covered: by Component Solutions

Data Backup and Recovery Data Archiving and EDiscovery Disaster Recovery Encryption Tokenization Data Loss Prevention Identity and Access Management Compliance Management

Services

 Professional Services  Risk Assessment and Consulting Services      Implementation and Integration Services      Support and Maintenance Services      Training and Education Services     Managed Services

by Deployment Mode On-premises Cloud
by Organization Size Large Enterprises SMEs
by Verticals Government and Defense Banking, Financial Services, and Insurance Healthcare IT and Telecom Consumer Goods and Retail Education Media and Entertainment Manufacturing Others

Data Protection Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

Data Protection Market, Key Players are

1. HPE 2. Symantec 3.CA Technologies 4. Mcafee 5. Oracle Corporation 6. Quest Software 7. Netapp 8. Veeam 9. Acronis 10. Amazon Web Services, Inc. 11. Dell EMC 12. Commvault Systems, Inc. 13. Quantum Corporation 14. Veritas Technologies 15. Hewlett Packard Enterprise Company 16. Carbonite, Inc 17. IBM Frequently Asked Questions: 1] What segments are covered in global Data Protection Market report? Ans. The segments covered in global Data Protection Market report are based on Component, Deployment Mode, Organization Size and Vertical. 2] Which region is expected to hold the highest share in the global  Market? Ans. North America is expected to hold the highest share in the global  Market. 3] What is the market size of global  Market by 2029? Ans. The market size of global  Market by 2029 is US $ 360.36 Bn. 4] Who are the top key players in the global  Market? Ans. HPE, Symantec, CA Technologies, Mcafee, Oracle Corporation, Quest Software, Netapp and Veeam are the top key players in the global Data Protection Market. 5] What was the market size of global  Market in 2022? Ans. The market size of global  Market in 2022 was US $ 120.86 Bn.
1. Global Data Protection Market: Research Methodology 2. Global Data Protection Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Data Protection Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Data Protection Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Data Protection Market Segmentation 4.1 Global Data Protection Market, by Component (2022-2029) • Solutions o Data Backup and Recovery o Data Archiving and EDiscovery o Disaster Recovery o Encryption o Tokenization o Data Loss Prevention o Identity and Access Management o Compliance Management • Services o Professional Services  Risk Assessment and Consulting Services  Implementation and Integration Services  Support and Maintenance Services  Training and Education Services o Managed Services 4.2 Global Data Protection Market, by Deployment Mode (2022-2029) • Cloud • On-premises 4.3 Global Data Protection Market, by Organization Size (2022-2029) • Large Enterprises • SMEs 4.4 Global Data Protection Market, by Vertical (2022-2029) • Government and Defense • Banking, Financial Services, and Insurance • Healthcare • IT and Telecom • Consumer Goods and Retail • Education • Media and Entertainment • Manufacturing • Others 5. North America Data Protection Market(2022-2029) 5.1 Global Data Protection Market, by Component (2022-2029) • Solutions o Data Backup and Recovery o Data Archiving and EDiscovery o Disaster Recovery o Encryption o Tokenization o Data Loss Prevention o Identity and Access Management o Compliance Management • Services o Professional Services  Risk Assessment and Consulting Services  Implementation and Integration Services  Support and Maintenance Services  Training and Education Services o Managed Services 5.2 Global Data Protection Market, by Deployment Mode (2022-2029) • Cloud • On-premises 5.3 Global Data Protection Market, by Organization Size (2022-2029) • Large Enterprises • SMEs 5.4 Global Data Protection Market, by Vertical (2022-2029) • Government and Defense • Banking, Financial Services, and Insurance • Healthcare • IT and Telecom • Consumer Goods and Retail • Education • Media and Entertainment • Manufacturing • Others 5.5 North America Data Protection Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Data Protection Market (2022-2029) 6.1. Asia Pacific Data Protection Market, by Component (2022-2029) 6.2. Asia Pacific Data Protection Market, by Deployment Mode (2022-2029) 6.3. Asia Pacific Data Protection Market, by Organization Size (2022-2029) 6.4. Asia Pacific Data Protection Market, by Vertical (2022-2029) 6.5. Asia Pacific Data Protection Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Data Protection Market (2022-2029) 7.1 Middle East and Africa Data Protection Market, by Component (2022-2029) 7.2. Middle East and Africa Data Protection Market, by Deployment Mode (2022-2029) 7.3. Middle East and Africa Data Protection Market, by Organization Size (2022-2029) 7.4. Middle East and Africa Data Protection Market, by Vertical (2022-2029) 7.5. Middle East and Africa Data Protection Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Data Protection Market (2022-2029) 8.1. Latin America Data Protection Market, by Component (2022-2029) 8.2. Latin America Data Protection Market, by Deployment Mode (2022-2029) 8.3. Latin America Data Protection Market, by Organization Size (2022-2029) 8.4. Latin America Data Protection Market, by Vertical (2022-2029) 8.5. Latin America Data Protection Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 9. European Data Protection Market (2022-2029) 9.1. European Data Protection Market, by Component (2022-2029) 9.2. European Data Protection Market, by Deployment Mode (2022-2029) 9.3. European Data Protection Market, by Organization Size (2022-2029) 9.4. European Data Protection Market, by Vertical (2022-2029) 9.5. European Data Protection Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. VMware 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. HPE 10.3. Symantec 10.4. CA Technologies 10.5. Mcafee 10.6. Oracle Corporation 10.7. Quest Software 10.8. Netapp 10.9. Veeam 10.10. Acronis 10.11. Amazon Web Services, Inc. 10.12. Dell EMC 10.13. Commvault Systems, Inc. 10.14. Quantum Corporation 10.15. Veritas Technologies 10.16. Hewlett Packard Enterprise Company 10.17. Carbonite, Inc 10.18. IBM
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