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PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1544073

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PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1544073

Data Protection

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Table of Contents

Global Data Protection Market to Reach US$129.6 Billion by 2030

The global market for Data Protection estimated at US$77.9 Billion in the year 2023, is expected to reach US$129.6 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2023-2030. Data Protection for Large Enterprises, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$75.6 Billion by the end of the analysis period. Growth in the Data Protection for SMEs segment is estimated at 9.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$20.8 Billion While China is Forecast to Grow at 7.1% CAGR

The Data Protection market in the U.S. is estimated at US$20.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$20.3 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.6% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.

Global Data Protection Market - Key Trends and Drivers Summarized

What Is Data Protection and Why Is It Paramount in Today’s Digital Economy?

Data protection encompasses the processes, policies, and technologies designed to safeguard personal and organizational data from unauthorized access, corruption, or theft throughout its lifecycle. In today’s interconnected world, data serves as a crucial asset that drives business strategies, operational efficiencies, and customer relationships. However, this data is perpetually at risk from cyber threats, human error, and technological failures, making robust data protection measures essential. Effective data protection not only helps in complying with legal and regulatory requirements but also fosters trust with customers by ensuring their personal and sensitive information is secure. Furthermore, it protects organizations against potential data breaches that can result in significant financial losses and reputational damage.

How Does Data Protection Enhance Business Integrity and Trust?

The integrity of business operations and the trust of stakeholders hinge significantly on how data is protected. Businesses that demonstrate a strong commitment to data protection are more likely to build lasting relationships with customers, partners, and employees. In the realm of compliance, data protection laws such as the General Data Protection Regulation (GDPR) in Europe, the California Consumer Privacy Act (CCPA) in the United States, and other similar regulations globally, mandate strict management of personal data. Compliance with these regulations not only avoids hefty fines but also signals to stakeholders that a business is trustworthy and responsible. Moreover, data protection strategies prevent potential data breaches that can disrupt business operations and lead to direct financial losses, legal challenges, and erosion of customer loyalty.

What Are the Challenges and Innovations in Data Protection?

Despite the critical importance of data protection, implementing an effective strategy faces numerous challenges. The ever-evolving nature of cyber threats means that protection measures must continually adapt to counter new and emerging risks. Additionally, the increasing volume and complexity of data, much of it spread across cloud environments and mobile devices, complicates the task of data protection. There is also the challenge of balancing data accessibility with security, as overly stringent controls can hinder the availability of data for legitimate business purposes. However, innovations in technology offer new solutions to these challenges. Advances in encryption technology, for instance, provide robust security for data at rest and in transit, while machine learning algorithms help in predicting and mitigating potential breaches before they occur. Additionally, blockchain technology offers a novel way of securing data through decentralized and tamper-evident structures.

What Drives the Growth in the Data Protection Market?

The growth in the data protection market is driven by several factors, starting with the increasing prevalence of data breaches and cyberattacks, which highlight the need for enhanced security measures across all industries. As businesses continue to expand their digital footprints, the volume of data they manage and the complexity of their IT environments also grow, necessitating more comprehensive data protection solutions. Additionally, the expanding landscape of data privacy regulations globally is compelling businesses to invest in better data protection practices to ensure compliance. Consumer awareness and concern about privacy issues are also influencing market growth, as customers today expect businesses to protect their personal information diligently. Technological advancements, such as cloud computing and the Internet of Things (IoT), are further driving the need for sophisticated data protection strategies that can adapt to complex and dynamic environments. These factors collectively contribute to the robust expansion of the data protection market, underscoring its critical role in safeguarding the digital economy.

Select Competitors (Total 131 Featured) -

  • Acronis International GmbH
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  • Symantec Corporation
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Product Code: MCP11457

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Influencer Market Insights
    • Data Protection - Global Key Competitors Percentage Market Share in 2024 (E)
    • Global Economic Update
    • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • 2. FOCUS ON SELECT PLAYERS
  • 3. MARKET TRENDS & DRIVERS
    • Growing Global Data Regulations Drive Demand for Enhanced Data Protection Solutions
    • Increasing Frequency of Cyber Threats Bolsters Need for Robust Data Protection
    • Rising Concerns Over Data Privacy Propel Data Protection Technologies
    • Expansion of Remote Work Models Intensifies Focus on Data Protection
    • Integration of AI in Data Protection Strategies Enhances Threat Detection and Response
    • Growing Adoption of Encryption Technologies Strengthens Data Protection Measures
    • Surge in Mobile and IoT Device Usage Drives Data Protection Innovations
    • Growing Importance of Data Protection in Financial Services for Compliance and Trust
    • Innovations in Blockchain for Secure Data Management and Protection
    • Development of Data Protection as a Service (DPaaS) Offers New Business Opportunities
  • 4. GLOBAL MARKET PERSPECTIVE
    • TABLE 1: World Recent Past, Current & Future Analysis for Data Protection by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 2: World 7-Year Perspective for Data Protection by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
    • TABLE 3: World Recent Past, Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 4: World 7-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
    • TABLE 5: World Recent Past, Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 6: World 7-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
    • TABLE 7: World Recent Past, Current & Future Analysis for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 8: World 7-Year Perspective for Government & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
    • TABLE 9: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 10: World 7-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
    • TABLE 11: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 12: World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
    • TABLE 13: World Recent Past, Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 14: World 7-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
    • TABLE 15: World Recent Past, Current & Future Analysis for Consumer Goods & Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 16: World 7-Year Perspective for Consumer Goods & Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
    • TABLE 17: World Recent Past, Current & Future Analysis for Other Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 18: World 7-Year Perspective for Other Verticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
    • TABLE 19: World Data Protection Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

  • UNITED STATES
    • Data Protection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
    • TABLE 20: USA Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 21: USA 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 22: USA Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 23: USA 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • CANADA
    • TABLE 24: Canada Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 25: Canada 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 26: Canada Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 27: Canada 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • JAPAN
    • Data Protection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
    • TABLE 28: Japan Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 29: Japan 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 30: Japan Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 31: Japan 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • CHINA
    • Data Protection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
    • TABLE 32: China Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 33: China 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 34: China Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 35: China 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • EUROPE
    • Data Protection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
    • TABLE 36: Europe Recent Past, Current & Future Analysis for Data Protection by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
    • TABLE 37: Europe 7-Year Perspective for Data Protection by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
    • TABLE 38: Europe Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 39: Europe 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 40: Europe Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 41: Europe 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • FRANCE
    • Data Protection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
    • TABLE 42: France Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 43: France 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 44: France Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 45: France 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • GERMANY
    • Data Protection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
    • TABLE 46: Germany Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 47: Germany 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 48: Germany Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 49: Germany 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • ITALY
    • TABLE 50: Italy Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 51: Italy 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 52: Italy Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 53: Italy 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • UNITED KINGDOM
    • Data Protection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
    • TABLE 54: UK Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 55: UK 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 56: UK Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 57: UK 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • REST OF EUROPE
    • TABLE 58: Rest of Europe Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 59: Rest of Europe 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 60: Rest of Europe Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 61: Rest of Europe 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • ASIA-PACIFIC
    • Data Protection Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
    • TABLE 62: Asia-Pacific Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 63: Asia-Pacific 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 64: Asia-Pacific Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 65: Asia-Pacific 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030
  • REST OF WORLD
    • TABLE 66: Rest of World Recent Past, Current & Future Analysis for Data Protection by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 67: Rest of World 7-Year Perspective for Data Protection by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2024 & 2030
    • TABLE 68: Rest of World Recent Past, Current & Future Analysis for Data Protection by Vertical - Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
    • TABLE 69: Rest of World 7-Year Perspective for Data Protection by Vertical - Percentage Breakdown of Value Sales for Government & Defense, BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail and Other Verticals for the Years 2024 & 2030

IV. COMPETITION

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