Dec 2018 - Market Forecast - Doc # US44079518
Worldwide Data Protection and Recovery Software Forecast, 2018–2022
This IDC study discusses worldwide data protection and recovery (DP&R) software forecast for 2018–2022. The data protection and recovery software market is expected to show continued solid growth through 2022. The CAGR of 4.7% for 2018–2022 forecast period is lower than prior year forecasts, likely impacted by cloud-based data protection. Of the traditional DP&R market, the public cloud service (PCS) sector will grow much faster at a 10.7% CAGR. Total market revenue will grow from $6.9 billion in 2017 to $8.7 billion in 2022.
"The data protection and recovery software market is forecast to grow at a solid 4.7% CAGR through 2022," said Phil Goodwin, research director, IDC's Storage Systems and Software. "Software sold into the public cloud will grow more than twice as fast as 10.7% CAGR. Market revenue is expected to increase from the latest $6.9 billion to $8.7 billion in 2022. This remains a strong, growing, dynamic market."