Global Data Protection Software Market: Overview
The introduction of big data & cloud computing and the need for rapid data recovery are compelling IT organizations to continuously expand data protection solutions. Today, due to an increase in the adoption of advanced data technologies, data has become an essential part of every business. Each day, large amounts of data are generated to make business decisions. This vast amount of data generated from different sources can lead to data breach and data loss. Hence, data protection software has been introduced to prevent this data loss. This data protection software offers data backup and recovery solutions that help keep a backup of data by copying it to a disk or tape. Data protection software also delivers backup of data on public and hybrid clouds. The primary factors driving the data protection software market are the generation of a high amount of data, the need for its security, as well as privacy concerns. Moreover, the dependency of enterprises on software applications, which include customer relationship management and emails, is leading to a rapid surge in the volume of data generated by organizations. This rapid growth in data has forced enterprises to install efficient and reliable data protection software to secure confidential information in business environments.
Global Data Protection Software Market: Dynamics
The factors driving the data protection software market are increase in the demand for advanced data protection solutions, increase in the number of cyberattacks, and the growing concern regarding the loss of critical data in an organization.
However, security and privacy issues are some of the factors restraining the growth of the data protection software market. Moreover, large infrastructure developments for the protection of cloud data are also likely to hamper the growth of the data protection software market.
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Latest trends in the data protection software market include an increase in the usage of advanced data backup on cloud and data recovery solutions.
Global Data Protection Software Market: Segmentation
The data protection software market can be segmented on the basis of type, organization size, end-use industry, and region. On the basis of type, the data protection software market can be segmented into solutions and services. The solutions segment of the data protection software market is further segmented into data loss prevention, data backup & recovery, disaster recovery, data replication services, compliance management, and others. On the basis of organization size, the data protection software market can be segmented as small & medium enterprises and large enterprises. On the basis of organization size, the data protection software market can be segmented as small & medium enterprises and large enterprises. On the basis of end-use industry, the data protection software can be segmented into BFSI, government, defense, telecommunication & IT, retail, hospitality, energy & utilities, and others.
- Data Loss Prevention
- Data Backup & Recovery
- Disaster Recovery
- Data Security
- Data Replication Services
- Compliance Management
By Organization Size
- Small & Medium Enterprises
- Large Enterprises
By End Use Industry
- Telecommunication & IT
- Energy & Utilities
Global Data Protection Software Market: Competition Landscape
Some of the key players in the global data protection software market include Check Point Software Technologies; Trend Micro; Symantec Corporation; McAfee, LLC; Acronis International GmbH; NetApp; Quest Software Inc.; IBM Corporation; Oracle; Veeam Software; Hewlett Packard Enterprise Development LP; Dell; Microsoft Corporation; Veritas Technologies LLC; CA Technologies; and Trilio Data, Inc.
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Global Data Protection Software Market: Regional Outlook
The North America region is expected to dominate the data protection software market followed by Europe and Asia Pacific. The data protection software market in North America is expected to witness higher growth due to the vast presence of key data protection vendors in the U.S. The demand for data protection software in Europe is increasing due to government regulations to increase the adoption of data protection solutions in different verticals, and this factor is expected to contribute to the growth of the data protection software market. Increase in cyberattacks on various organizations leads to data theft and data loss, which is also one of the factors driving the adoption of data protection software in the Asia Pacific region. Latin America and MEA are projected to account for a significant share of the global data protection software market over the forecast period.
For instance, in June 2016, NetApp enhanced its data protection software by adding NetApp OnCommand Insight. The company also launched NetApp data protection solutions for Microsoft Office 365 to help customers prevent data loss. This OnCommand Insight software offers operational intelligence, business insights, and IT integration within complex business environments.
The report covers exhaustive analysis on:
- Global Data Protection Software Market Segments
- Global Data Protection Software Market Dynamics
- Historical Actual Market Size, 2013 – 2017
- Global Data Protection Software Market Size & Forecast 2017 to 2028
- Supply & Demand Value Chain for Data Protection Software Market
- Global Data Protection Software Market Current Trends/Issues/Challenges
- Competition & Companies involved in Data Protection Software Market
- Data Protection Software Technology
- Value Chain of Data Protection Software
- Global Data Protection Software Market Drivers and Restraints
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Regional analysis of Global Data Protection Software Market includes
- North America
- Latin America
- Rest of LatAm
- EU – 4 (Germany, France, Italy, Spain)
- BENELUX (Belgium, Netherlands, Luxemburg)
- NORDIC (Norway, Denmark, Iceland, Sweden)
- Eastern Europe (Poland, Ukraine, Czech Rep. etc.)
- Rest of Europe
- CIS & Russia
- Greater China
- ASEAN Countries
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
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