Data Protection Market Analysis

Organization Size (Large Enterprise, SMEs)

The large organization segment is set to witness the largest market growth of 56% by the end of 2035. Large enterprises make use of a wide range of business tools that can be easily exposed to cyber threats, as a result, large enterprises are the largest users of data protection solutions. Also, increasing awareness about cybersecurity and the potential consequences of data breaches has prompted enterprises to prioritize data protection in their overall cybersecurity strategy. It is estimated that only 5% of the companies' files are properly protected. During the first half of 2020, there were 36 billion records affected by data breaches.

Deployment (Cloud, On-premises)

The cloud segment is predicted to hold the largest market share in the time period between 2023 – 2035. The growth of this segment can be attributed to a wide range of benefits offered by cloud computing such as scalability, large storage space, auto update setup, affordability, and more. Furthermore, the cloud often provides built-in security features and tools to protect data stored and processed in their platforms. These benefits consist of encryption, access control, and identity management services. In addition, the trend of cloud computing in healthcare is further anticipated to elevate the growth of the segment in the market.

Our in-depth analysis of the global market includes the following segments: