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Worldwide Data Replication and Protection Software Forecast, 2023–2027: Steady Demand

Publisher IDC
Published Jul 31, 2023
Length 13 Pages
SKU # IDC18096267

Description

Worldwide Data Replication and Protection Software Forecast, 2023–2027: Steady Demand


This IDC study discusses the data replication and protection software market, which is expected to grow at a CAGR of 4.0% through 2026. This is slightly higher than our prior forecast with a CAGR of 3.6% because the market has shown surprising resilience in the face of a pandemic, geopolitical turmoil, rising interest rates, and inflation. The market is forecast to reach $13.9 billion in 2027, up from $11.4 billion in 2022. "The data replication and protection software market has proven to be a 'steady Eddie' market over the years," said Phil Goodwin, research vice president, Infrastructure Systems, Platforms, and Technologies Group at IDC. "The market has had consistent growth, which IDC now forecasts at an overall CAGR of 4.0% through 2027. The most interesting growth is in the public cloud services sector, which is forecast to grow at a CAGR of 12.2% through 2027."

Please Note: Extended description available upon request.

Table of Contents

13 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Ransomware
Acceleration to Cloud
Evolving Container Application Deployments
Inhibitors
Macroeconomic Uncertainty
Scattered Data Distribution
Significant Market Developments
Changes from Prior Forecast
Market Definition
Data Replication and Protection Software
Data Protection Software
Backup and Recovery Reporting Software
Storage Replication Software
Host or Hypervisor-Based Replication Software
Systems and Data Migration Software
Fabric and Appliance-Based Replication Software
Array-Based Replication Software
Replication Management Software
Methodology
Historical and Forecast Market Values and Exchange Rates
Related Research

Pricing

Currency Rates
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