TECH SUPPLIER Jun 2021 - Market Forecast - Doc # US47311821
Worldwide Data Replication and Protection Software Forecast, 2021–2025: A Return to Normalcy
This IDC study discusses the worldwide data replication and protection market forecast for 2021–2025. The expected negative impact of the COVID-19 pandemic on the DR&P software spending did not materialize in 2020. Thus our forecast for this market has been revised back to growth, albeit a modest 2.7% CAGR through 2025. The majority of that growth will be driven by revenue generated in the PCS segment of the market. We expect DR&P PCS revenue to grow at an 11.6% CAGR during that time.
"The data replication and protection software market showed much greater-than-expected resilience in 2020 despite the pandemic," said Phil Goodwin, research director, IDC's Infrastructure Systems, Platforms, and Technologies Group. "We expect this market to return to its normal growth pattern, with a 2.7% CAGR through 2025. The public cloud services portion of the market is the bright spot, with an expected 11.6% CAGR during that time."
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