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 data protection market was valued at US$88.3 billion 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.

Preserving sensitive data from loss, alteration, or corruption is known as data protection. Data protection has become more critical in recent years because there is an exponential increase in the amount of data being generated, stored, and accessed daily. Ensuring data correctness, integrity, and security is critical for the global data protection market. Furthermore, there is limited tolerance for downtime because all data and information are accessed daily, making retrieving crucial data at any time feasible. It is a collection of tactics and approaches that can be applied to safeguard data. A data set is an essential business component; therefore, data security is required. The purpose of the Data Protection Act is to enable people to assume control over their personal information. Each of the rights, obligations, and protection principles is explained in the General Data Protection Regulation (GDPR). These data include personal information identifying racial and ethnic origin, political beliefs, religious or intellectual views, and other details, as well as genetic, biometric, and health data.