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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)
IAM is estimated to have the largest market share in the data protection market in 2017
Identity and Access Management (IAM) segment is estimated to have the largest market share in 2017 and is expected to dominate the data protection market from 2017 to 2022. The IAM solution comprises provisioning, advanced authentication, directory technologies, password management, audit, and Single Sign-On (SSO). The IAM solution is gaining traction in the data protection market due to its features, such as centralized nature and cost-effectiveness.
The healthcare industry vertical is expected to grow at the highest CAGR in the data protection market during the forecast period
The healthcare industry vertical is expected to grow at the highest CAGR during the forecast period. Cybercriminals have turned their interest toward the healthcare industry vertical, as it holds patients critical medical information. Therefore, there has been a strong adoption of advanced data protection solutions in the healtcare industry vertical in the recent years.
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North America is expected to contribute to the largest market share in the data protection market during the forecast period
North America is expected to have the largest market share and dominate the data protection market from 2017 to 2022, due to the presence of major security vendors, data protection vendors, and Managed Security Service Providers (MSSPs). The organizations in this region are increasingly adopting advanced data protection solutions to protect their critical IT assets. The other drivers for the increasing demand for data protection solutions and services include the need for regulatory compliance and the need for data security and privacy concerns.
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).
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