target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Forecast - Doc Document number: # US51037523
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."