HOME Top Market Reports Data Protection Market by Component (Solutions and Services (Professional Services and Managed Services)), Deployment Mode (On-premises and Cloud), Organization Size (Large Enterprises and SMEs), Industry Vertical, and Region - Global Forecast to 2022

Data Protection Market by Component (Solutions and Services (Professional Services and Managed Services)), Deployment Mode (On-premises and Cloud), Organization Size (Large Enterprises and SMEs), Industry Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: TC 6010

 

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The 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.

The objective of the report is to define, describe, and forecast the 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. 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 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. After arriving at the overall market size, the total market was split into several segments and subsegments, 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 breakdown of primary profiles is depicted in the below figure:

Data Protection Market

To know about the assumptions considered for the study, download the pdf brochure

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.

Key target audience of the data protection market report is given below:

  • Regulatory bodies
  • Security solution vendors
  • Data protection vendors
  • ISVs
  • Information security consulting firms
  • IT service providers
  • VARs
  • Managed Security Service Providers (MSSPs)

“The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next 2 to 5 years for prioritizing their efforts and investments.”

Scope of the Report

The research report segments the data protection market into the following submarkets:

By Component (solutions and services)
Solutions

  • Data backup and recovery
  • Data archiving and eDiscovery
  • Disaster recovery
  • Encryption
  • Tokenization
  • Data Loss Prevention (DLP)
  • Identity and Access Management (IAM)
  • 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

  • Cloud
  • On-premises

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Industry Vertical

  • Government and defense
  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • IT and telecom
  • Consumer goods and retail
  • Education
  • Media and entertainment
  • Manufacturing
  • Others (hospitality, transport and logistics, and energy and utilities)

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American data protection market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

Detailed analysis was performed to get detailed information regarding the competitors in the data protection market, on the basis of their solutions offerings and business strategies. The report reviews the major players who offer data protection solutions and services. In addition, the report will outline the findings and analysis on how well each data protection solution provider performs within the MarketsandMarkets criteria.

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Interviews
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Data Protection Market
    4.2 Market By Component
    4.3 Market By Solution
    4.4 Market By Organization Size
    4.5 Market By Solution and Region
    4.6 Market By Region

5 Market Overview (Page No. - 36)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Growth of Enormous Amount of Data and the Need for Data Security and Privacy Concerns
                    5.1.1.2 Regulations to Increase the Adoption of Data Protection Solutions
                    5.1.1.3 Rising Concerns of Critical Data Loss in the On-Premises Environment
           5.1.2 Restraints
                    5.1.2.1 Compatibility Concerns for Traditional and On-Premises Applications in the Cloud Environment
           5.1.3 Opportunities
                    5.1.3.1 Increasing Demand for Cloud-Based Data Protection Solutions Among Smes
                    5.1.3.2 Large-Scale Adoption of Data Protection Solutions in Highly Regulated Industry Verticals
                    5.1.3.3 Blockchain Solutions for the Future of Data Backup
           5.1.4 Challenges
                    5.1.4.1 Management of Unstructured Data
                    5.1.4.2 Lack of Technical Expertise Among Enterprise Workforce
    5.2 Regulatory Landscape
           5.2.1 General Data Protection Regulation (GDPR)
           5.2.2 Health Insurance Portability and Accountability Act (HIPAA)
           5.2.3 Federal Information Security Management Act (FISMA)
           5.2.4 Sarbanes–Oxley Act (SOX)
           5.2.5 Gramm–Leach–Bliley Act (GLBA)
           5.2.6 Payment Card Industry Data Security Standard (PCI DSS)
           5.2.7 Federal Information Processing Standards (FIPS)
    5.3 Innovation Spotlight

6 Data Protection Market, By Component (Page No. - 44)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Data Backup and Recovery
           6.2.2 Data Archiving and Ediscovery
           6.2.3 Disaster Recovery
           6.2.4 Encryption
           6.2.5 Tokenization
           6.2.6 Data Loss Prevention
           6.2.7 Identity and Access Management
           6.2.8 Compliance Management
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Risk Assessment and Consulting Services
                    6.3.1.2 Implementation and Integration Services
                    6.3.1.3 Support and Maintenance Services
                    6.3.1.4 Training and Education Services
           6.3.2 Managed Services

7 Data Protection Market, By Deployment Mode (Page No. - 61)
    7.1 Introduction
    7.2 Cloud
    7.3 On-Premises

8 Market By Organization Size (Page No. - 65)
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
    8.3 Large Enterprises

9 Market By Industry Vertical (Page No. - 69)
    9.1 Introduction
    9.2 Government and Defense
    9.3 Banking, Financial Services, and Insurance
    9.4 Healthcare
    9.5 IT and Telecom
    9.6 Consumer Goods and Retail
    9.7 Education
    9.8 Media and Entertainment
    9.9 Manufacturing
    9.10 Others

10 Data Protection Market, By Region (Page No. - 81)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Middle East and Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 103)
     11.1 Overview
     11.2 Market Ranking
     11.3 Competitive Scenario
             11.3.1 Partnerships, Agreements, and Collaborations
             11.3.2 New Product Launches
             11.3.3 Mergers and Acquisitions
             11.3.4 Business Expansions

12 Company Profiles (Page No. - 110)
(Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 IBM
     12.2 HPE
     12.3 Symantec
     12.4 CA Technologies
     12.5 Mcafee
     12.6 Oracle
     12.7 Quest Software
     12.8 Netapp
     12.9 Veeam
     12.10 Acronis

*Details on Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be CAptured in Case of Unlisted Companies.

13 Appendix (Page No. - 138)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (79 Tables)

Table 1 Data Protection Market Size and Growth Rate, 2015–2022 (USD Billion, Y-O-Y %)
Table 2 Innovation Spotlight: Latest Data Protection Innovations
Table 3 Data Protection Market Size, By Component, 2015–2022 (USD Billion)
Table 4 Solutions: Market Size By Type, 2015–2022 (USD Billion)
Table 5 Solutions: Market Size By Region, 2015–2022 (USD Billion)
Table 6 Data Backup and Recovery Market Size, By Region, 2015–2022 (USD Billion)
Table 7 Data Archiving and Ediscovery Market Size, By Region, 2015–2022 (USD Billion)
Table 8 Disaster Recovery Market Size, By Region, 2015–2022 (USD Billion)
Table 9 Encryption Market Size, By Region, 2015–2022 (USD Billion)
Table 10 Tokenization Market Size, By Region, 2015–2022 (USD Billion)
Table 11 Data Loss Prevention Market Size, By Region, 2015–2022 (USD Billion)
Table 12 Identity and Access Management Market Size, By Region, 2015–2022 (USD Billion)
Table 13 Compliance Management Market Size, By Region, 2015–2022 (USD Billion)
Table 14 Data Protection Market Size, By Service, 2015–2022 (USD Billion)
Table 15 Services: Market Size By Region, 2015–2022 (USD Billion)
Table 16 Professional Services: Market Size By Type, 2015–2022 (USD Billion)
Table 17 Professional Services: Market Size By Region, 2015–2022 (USD Billion)
Table 18 Risk Assessment and Consulting Services Market Size, By Region, 2015–2022 (USD Billion)
Table 19 Implementation and Integration Services Market Size, By Region, 2015–2022 (USD Billion)
Table 20 Support and Maintenance Services Market Size, By Region, 2015–2022 (USD Billion)
Table 21 Training and Education Services Market Size, By Region, 2015–2022 (USD Billion)
Table 22 Managed Services: Market Size By Region, 2015–2022 (USD Billion)
Table 23 Data Protection Market Size By Deployment Mode, 2015–2022 (USD Billion)
Table 24 Cloud: Market Size By Region, 2015–2022 (USD Billion)
Table 25 On-Premises: Market Size By Region, 2015–2022 (USD Billion)
Table 26 Data Protection Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 27 Small and Medium-Sized Enterprises: Market Size By Region, 2015–2022 (USD Billion)
Table 28 Large Enterprises: Market Size By Region, 2015–2022 (USD Billion)
Table 29 Data Protection Market Size, By Industry Vertical, 2015–2022 (USD Billion)
Table 30 Government and Defense: Market Size By Region, 2015–2022 (USD Billion)
Table 31 Banking, Financial Services, and Insurance: Market Size By Region, 2015–2022 (USD Billion)
Table 32 Healthcare: Market Size By Region, 2015–2022 (USD Billion)
Table 33 IT and Telecom: Market Size By Region, 2015–2022 (USD Billion)
Table 34 Consumer Goods and Retail: Market Size By Region, 2015–2022 (USD Billion)
Table 35 Education: Market Size By Region, 2015–2022 (USD Billion)
Table 36 Media and Entertainment: Market Size By Region, 2015–2022 (USD Billion)
Table 37 Manufacturing: Market Size By Region, 2015–2022 (USD Billion)
Table 38 Others: Market Size By Region, 2015–2022 (USD Billion)
Table 39 Data Protection Market Size By Region, 2015–2022 (USD Billion)
Table 40 North America: Market Size By Component, 2015–2022 (USD Billion)
Table 41 North America: Market Size By Solution, 2015–2022 (USD Billion)
Table 42 North America: Market Size By Service, 2015–2022 (USD Billion)
Table 43 North America: Market Size By Professional Service, 2015–2022 (USD Billion)
Table 44 North America: Market Size By Deployment Mode, 2015–2022 (USD Billion)
Table 45 North America: Market Size By Organization Size, 2015–2022 (USD Billion)
Table 46 North America: Market Size By Industry Vertical, 2015–2022 (USD Billion)
Table 47 Europe: Data Protection Market Size, By Component, 2015–2022 (USD Billion)
Table 48 Europe: Market Size By Solution, 2015–2022 (USD Billion)
Table 49 Europe: Market Size By Service, 2015–2022 (USD Billion)
Table 50 Europe: Market Size By Professional Service, 2015–2022 (USD Billion)
Table 51 Europe: Market Size By Deployment Mode, 2015–2022 (USD Billion)
Table 52 Europe: Market Size By Organization Size, 2015–2022 (USD Billion)
Table 53 Europe: Market Size By Industry Vertical, 2015–2022 (USD Billion)
Table 54 Asia Pacific: Data Protection Market Size, By Component, 2015–2022 (USD Billion)
Table 55 Asia Pacific: Market Size By Solution, 2015–2022 (USD Billion)
Table 56 Asia Pacific: Market Size By Service, 2015–2022 (USD Billion)
Table 57 Asia Pacific: Market Size By Professional Service, 2015–2022 (USD Billion)
Table 58 Asia Pacific: Market Size By Deployment Mode, 2015–2022 (USD Billion)
Table 59 Asia Pacific: Market Size By Organization Size, 2015–2022 (USD Billion)
Table 60 Asia Pacific: Market Size By Industry Vertical, 2015–2022 (USD Billion)
Table 61 Middle East and Africa: Data Protection Market Size, By Component, 2015–2022 (USD Billion)
Table 62 Middle East and Africa: Market Size By Solution, 2015–2022 (USD Billion)
Table 63 Middle East and Africa: Market Size By Service, 2015–2022 (USD Billion)
Table 64 Middle East and Africa: Market Size By Professional Service, 2015–2022 (USD Billion)
Table 65 Middle East and Africa: Market Size By Deployment Mode, 2015–2022 (USD Billion)
Table 66 Middle East and Africa: Market Size By Organization Size, 2015–2022 (USD Billion)
Table 67 Middle East and Africa: Market Size By Industry Vertical, 2015–2022 (USD Billion)
Table 68 Latin America: Data Protection Market Size, By Component, 2015–2022 (USD Billion)
Table 69 Latin America: Market Size By Solution, 2015–2022 (USD Billion)
Table 70 Latin America: Market Size By Service, 2015–2022 (USD Billion)
Table 71 Latin America: Market Size By Professional Service, 2015–2022 (USD Billion)
Table 72 Latin America: Market Size By Deployment Mode, 2015–2022 (USD Billion)
Table 73 Latin America: Market Size By Organization Size, 2015–2022 (USD Billion)
Table 74 Latin America: Market Size By Industry Vertical, 2015–2022 (USD Billion)
Table 75 Data Protection Market: Ranking Analysis
Table 76 Partnerships, Agreements, and Collaborations, 2015–2017
Table 77 New Service Launches, 2015–2017
Table 78 Mergers and Acquisitions, 2015–2017
Table 79 Business Expansions, 2015–2017


List of Figures (39 Figures)

Figure 1 Data Protection Market Segmentation
Figure 2 Market Research Design
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Assumptions
Figure 7 Market By Deployment Mode
Figure 8 Market By Professional Service
Figure 9 Market By Industry Vertical
Figure 10 Data Protection Market, By Region
Figure 11 Rise in Insider and Outsider Security Threats, Targeting Enterprises’ Data, is Expected to Drive the Data Protection Market
Figure 12 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 13 Disaster Recovery Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Identity and Access Management Solution and North America are Estimated to Hold the Largest Market Shares in the Data Protection Market in 2017
Figure 16 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Data Protection Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Adoption of Security Solutions By Organizations in 2016
Figure 19 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Disaster Recovery Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Cloud Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Healthcare Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America Snapshot
Figure 26 Asia Pacific Snapshot
Figure 27 Key Developments By the Leading Players in the Data Protection Market for 2015–2017
Figure 28 Market Evaluation Framework
Figure 29 IBM: Company Snapshot
Figure 30 IBM: SWOT Analysis
Figure 31 HPE: Company Snapshot
Figure 32 HPE: SWOT Analysis
Figure 33 Symantec: Company Snapshot
Figure 34 Symantec: SWOT Analysis
Figure 35 CA Technologies: Company Snapshot
Figure 36 CA Technologies: SWOT Analysis
Figure 37 Mcafee: SWOT Analysis
Figure 38 Oracle: Company Snapshot
Figure 39 Netapp: Company Snapshot

The data protection market is expected to grow from USD 57.22 Billion in 2017 to USD 119.95 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.0%. The major drivers of the market include growth of enormous amount of data and the need for data security and privacy concerns, regulations to increase the adoption of data protection solutions, and rising concerns of critical data loss in the on-premises environment.

Major data protection solutions include data backup and recovery, data archiving and eDiscovery, disaster recovery, encryption, tokenization, Data Loss Prevention (DLP), Identity and Access Management (IAM), and compliance management. Among various solutions, the disaster recovery segment is expected to grow at the highest CAGR during the forecast period due to the increased concerns to secure critical business data from advanced cyber-attacks.

Data protection services have been segmented into 2 major types: professional services and managed services. The professional services segment has been further categorized into risk assessment and consulting services, implementation and integration services, support and maintenance services, and training and education services. The support and maintenance services segment is expected to grow at the highest CAGR during the forecast period. The adoption of data protection solutions is growing, which is likely to create a huge demand for professional services during the forecast period.

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period, owing to the increasing incidences of data breaches on enterprise cloud applications, as well as, rise in the sophistication level of cyber-attacks. However, the large enterprises segment is estimated to account for the larger share of the data protection market in 2017. Large enterprises were the early adopters of data protection solutions, as they use a large number of business applications that are susceptible to cyber-attacks.

Data protection solutions and services have been adopted by various industry verticals, including government and defense; Banking, Financial Services, and Insurance (BFSI); healthcare; IT and telecom; consumer goods and retail; education; media and entertainment; manufacturing; and others (hospitality, transport and logistics, and energy and utilities). The healthcare industry vertical is witnessing growth in advanced cyber threats, causing harm to valuable assets of this sector. Therefore, the healthcare industry vertical is expected to grow at the highest CAGR during the forecast period.

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 APAC region is expected to be the fastest-growing region in the data protection market. The growth in this region is primarily driven by the rapid digital transformation of the region, high adoption of cloud and web-based applications, and increasing Bring Your Own Device (BYOD) trends.

The major data protection vendors include 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 strategies of partnerships and new product launches are the key strategies majorly adopted by the market players to offer feature-rich products and services to their customers and penetrate deep into uncatered regions.

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