Global Data Protection Market worth US

1. Global Data Protection Market worth US$ 328.6 Billion 2029 with a CAGR of 15.7 % The report "Global Data Protection Market, By Components (Solutions (Data Backup & Recovery, Data Archiving & Rediscovery, Encryption, Data Loss Prevention, Identity & Access Management, and others) and Services (Professional Services and Managed Services)), By Deployment (Cloud and On-Premises), By Organization Size (Small & Medium-Sized Enterprises, and Large Enterprises), By End-Users (Banking, Financial Services, Insurance, Energy & Utilities, Government, Healthcare, Manufacturing, Retail, and Others), and Region - Global Forecast to 2029" Global data protection market is projected to grow from US$ 88.3 billion in 2020 to US$ 328.6 billion by 2029. Increasing amount of data being generated on a daily basis in businesses, coupled with increasing adoption of cloud computing by organizations is collectively growing the demand for the global data protection market. This is the major factor enhancing growth of the global data protection market. In addition, growing technological advancements along with rising awareness among businesses data integrity and data protection software are other major factors expected to fuel growth of the global data protection market over the forecast period. Key Market Insights from the report: The global data protection market accounted for US$ 88.3 billion in 2020 and is projected to register a moderate CAGR of 15.7 % over the forecast period. The market report has been segmented on the basis of component, deployment, organization size, end-user, and region.  By component, the global data protection market is segmented into solutions and services. Solutions component segment is further bifurcated into data backup and recovery, data archiving and rediscovery, encryption, data loss prevention (DLP), identity and access management (IAM), and others. Services component segment is further bifurcated into professional services and managed services. By deployment, the global data protection market is categorized into cloud and on-premises. By organization size, the global data protection market is segmented into small & medium-sized enterprises (SMES), and large enterprises. The Small & Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR over the forecast period, owing to the growing incidences of data breaches on enterprise cloud applications and also growth in the sophistication level of cyber-attacks. Large enterprises make use of large number of business applications that are susceptible to cyber-attacks therefore, were the early adopters of data protection solutions. By end-user, the global data protection market is segmented into banking, financial services, and insurance (BFSI), energy & utilities, government, healthcare, manufacturing, retail, and others. The healthcare end- user segment is witnessing growth in advanced cyber threats, causing harm to valuable assets of this sector. Therefore, the healthcare segment is expected to grow at the highest CAGR over the forecast period. By region, Currently, North America dominates the global market in revenue terms owing to significant amounts of data being generated by businesses and high adoption of technologies in countries in the region. Europe holds the second-largest revenue share in the global market, closely followed by the global market in Asia Pacific. The global market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to rising adoption of cloud-based and web-based applications and rapid industrialization in emerging economies in the region. Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Data Protection Market”, By Components (Solutions (Data Backup & Recovery, Data Archiving & Rediscovery, Encryption, Data Loss Prevention, Identity & Access Management, and others) and Services (Professional Services and Managed Services)), By Deployment (Cloud and On-Premises), By Organization Size (Small & Medium-Sized Enterprises, and Large Enterprises), By End-Users (Banking, Financial Services, Insurance, Energy & Utilities, Government, Healthcare, Manufacturing,    

2. Retail, and Others),and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2029 Key Highlights:  In July 2019, IBM and AT&T have announced a multi-year strategic alliance enabling migrations to the IBM Cloud. In addition, IBM has provided infrastructure to support AT&T Business's applications. AT&T Business has utilized Red Hat's open source platform to manage workloads and applications. These all improvements will allow AT&T business to better serve enterprise customers. To know the upcoming trends and insights prevalent in this market, click the link below: https://www.prophecymarketinsights.com/market_insight/Global-Data-Protection-Market-By-958 The prominent player operating in the global data protection market includes Amazon Web Services, Inc., Vmware, Inc., Veritas Technologies, Quantum Corporation, Oracle Corporation, IBM Corporation, Hewlett Packard Development Company L.P., EMC Corporation, Cisco Systems, and Commvault Systems, Inc. About Prophecy Market Insights Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business. Some Important Points Answered in this Market Report Are Given Below: Explains an overview of the product portfolio, including product development, planning, and positioning Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies. Detailed analysis of the market revenue over the forecasted period. Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis. Study on the segments that are anticipated to dominate the market. Study on the regional analysis that is expected to register the highest growth over the forecast period Key Topics Covered 1.Introduction Study Deliverables Study Assumptions Scope of the Study 2.Research Methodology 3.Executive Summary Opportunity Map Analysis Market at Glance Market Share (%) and BPS Analysis, by Region Competitive Landscape

3. Heat Map Analysis Market Presence and Specificity Analysis 4.Investment Analysis 5.Competitive Analysis To know more Contact Us: Sales Prophecy Market Insights 1 860 531 2701 Email- sales@prophecymarketinsights.com