Worldwide Data Protection and Recovery Software Forecast, 2016–2020: Growth Driven by Segmentation
This IDC study is made against the backdrop of IDC's overall economic forecast. While the economy continues to grow in all major regions, that growth certainly is not at boom-year rates. Nevertheless, we do not forecast a negative economic climate in the near term that would impact the DP&R market."We expect data protection and recovery software market growth to slow from 7.7% in 2014 to about 1% in 2015 but rebound and finish the second half of the decade with a 5.6% CAGR," said Phil Goodwin, research director, IDC's Storage Systems and Software group. "This is significant growth for a $6 billion market that is often overlooked for its growth potential," added Liz Conner, research manager, IDC's Storage Systems and Software group. "Data protection (DP) is an absolute necessity in all organizations, and disk-based data protection techniques and cloud make this a very dynamic marketplace."
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