This IDC study is made against the backdrop of the worldwide economy. We do not presently believe that there is a strong probability of a general economic downturn, but unforeseen events could always take place and exhibit a strong impact on technology spending. In addition, unexpected currency adjustments, as we experienced in 2015, would have an impact on non-U.S. revenue as reported in U.S. dollars.
"The data protection and recovery software market is expected to continue strong growth through 2021, with a CAGR of 5.4%," said Phil Goodwin, research director, IDC. "Regionally, APJ will grow fastest at a CAGR of 6.0%, but the much larger North American market is not far behind at 5.6%. This is strong growth for a nearly $7 billion market, especially compared with other storage software categories."