Data Protection Market, By Components (Solutions (Data Backup and Recovery, Data Archiving and Rediscovery, Encryption, Data Loss Prevention, Identity and Access Management, and others) and Services (Professional Services and Managed Services)), By Deployment (Cloud and On-Premises), By Organization Size (Small and Medium-Sized Enterprises, and Large Enterprises), By End-Users (Banking, Financial Services, Insurance, Energy & Utilities, Government, Healthcare, Manufacturing, Retail, and Others), and By Region (North America, Europe, Asia pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2030

The market for data protection was valued at US$ 88.3 billion globally in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 15.7% to reach US$ 375.28 billion by 2030. The world market for data protection is divided into five regions: Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Due to the large amount of data generated by enterprises and the high rate of technological adoption in the region's nations, North America currently commands the largest share of the global market in terms of revenue. Europe has the second-highest revenue share worldwide, with the Asia Pacific market coming in close second. The Asia Pacific market is anticipated to develop at the quickest rate in revenue due to the increasing use of web- and cloud-based applications and fast industrialization in the region's rising economies.