According to a research report "Data Protection Market by component (solutions and services), deployment mode, organization size, industry vertical, and region. The report analyzes the opportunities in the market for stakeholders by identifying the high-growth segments of the market- Global Forecast to 2022" published by MarketsandMarkets, the market for data protection market was valued at USD 49.72 Billion in 2016 and is projected to reach USD 119.95 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.0%. The base year considered for the study is 2016, and the market size is calculated from 2017 to 2022.
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The objective of the report is to define, describe, and
forecast the data protection market
The report
analyzes the opportunities in the market for stakeholders by identifying the
high-growth segments of the market. Furthermore, the report profiles the key
players of the market and comprehensively analyzes their core competencies,
such as new product launches; acquisitions; and partnerships, agreements, and
collaborations. Moreover, the report also covers detailed information regarding
the major factors influencing the growth of the market (drivers, restraints,
opportunities, and challenges).
the data protection market begins with capturing data
from various industry associations and consortiums
The
research methodology used to estimate and forecast the data protection market
begins with capturing data from various industry associations and consortiums,
such as European Privacy Association (EPA), German Association for Data
Protection and Data Security (GDD), Data Protection Association (DPA), RSA
Security, SANS Institute, SC Magazine, and other sources, including company
financials, journals, press releases, paid databases, and annual reports. The
bottom-up procedure was employed to arrive at the overall market size from the
revenue of the key players in the market.
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The total market was split into several segments and
subsegments
Based
on segments, which were then verified through primary research by conducting
extensive interviews with key people, such as Chief Executive Officers (CEOs),
Vice Presidents (VPs), directors, executives, and cybersecurity technologists.
The data triangulation and market breakdown procedures were employed to
complete the overall market engineering process and to arrive at the exact
statistics for all segments and subsegments.
The APAC region is expected to be the fastest-growing
region in the data protection market.
The
global data protection market has been segmented on the basis of regions into
North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and
Latin America to provide a region-specific analysis in the report. The North
American region, followed by Europe, is estimated to become the largest
revenue-generating region for data protection vendors in 2017. This is mainly
because in the developed economies of the US and Canada, there is a high focus
on innovations obtained from Research and Development (R&D), and technology.
The
data protection market comprises major service providers, such as 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).
The stakeholders include cybersecurity vendors, government agencies, consulting
firms, Independent Software Vendors (ISVs), Value-Added Resellers (VARs), and
Information Technology (IT) service providers.
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