Western Europe Storage Spending Forecast, 2016-2021: Impact of GDPR
GDPR spend will also drive investment in primary external storage, converged and hyperconverged infrastructure, storage infrastructure software, storage and device management software, replication software, and software-defined storage, although marginally."GDPR-related storage spending presents a $2.3 billion market opportunity in 2017, and it is forecast to grow to $3.3 billion in 2018. European organizations are maturing in their GDPR readiness journey and are now ready to make technology investments to support compliance," said Carla Arend, program director, Datacenter & Cloud at IDC. "Many organizations are actively seeking solutions to maintain regulatory compliance as well as to use the regulation as a trigger to modernize legacy data management infrastructure. For vendors, simply branding products as GDPR-ready is unlikely to be effective. They need to help customers understand how the new regulations impact their data held on- and off-premises, showcase how their technologies can help in getting visibility into data or setting policies, and even work to improve data management processes for compliance."
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