Data Protection Segmentation
Organization Size (Large Enterprise, SMEs)
The large enterprise segment is set to capture the largest share of 56% in the data protection market by the end of 2037. These organizations operate on a wide range of business tools that can be easily exposed to cyber threats, pushing them to invest heavily in this sector to secure their vulnerable assets. In addition, the higher per capita income and profit of these enterprises make them giant investors and priority customers for global leaders. Furthermore, large-scale businesses hold a tendency of globalization, which requires compliance with different stringent regional regulatory frameworks such as GDPR, HIPPA, SOX, and PCI-DSS. Thus, managing variable criteria in individual regions creates a need for supporting protection systems, indicating predominant contribution to this segment’s growth.
Deployment (Cloud, On-premises)
The cloud segment is predicted to hold the highest share in the data protection market during the period. The growth of this segment is attributed to a collection of benefits offered by cloud computing, such as scalability, large storage space, auto update setup, and affordability. Furthermore, the cloud often provides built-in security features and tools to protect data stored and processed in their platforms. These advantages consist of encryption, access control, and identity management services. For instance, in May 2024, Zscaler added multiple innovations, including Data Security Posture Management (DSPM), GenAI App Security, Email DLP, Unified SaaS Security, and AI Auto Data Discovery, to its AI Data Protection Platform.
Our in-depth analysis of the global data protection market includes the following segments:
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