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Western Europe Storage Spending Forecast, 2016-2021: Impact of GDPR

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."

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Five-Year Spending Highlights and Impact on Key Functional Markets
Storage Software
Data Protection and Recovery Software
Archiving Software
Public Cloud Services
Archiving Software
Public Cloud Data Protection and Recovery Services
Basic Cloud Storage
PBBA
Backup
Market Context
Drivers and Inhibitors
Drivers
Business Risks and Fines for Non-Compliance
Opportunity to Update Data Management Infrastructure
Inhibitors:
Ill-Preparedness among Organizations
Underestimating the Impact of Regulations by Businesses Outside the EU
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
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