A recently released report by Technavio, specialists in
emerging technologies market research, reveals that the Global Data Protection
and Recovery Solutions market is expected to grow at a CAGR of 10 percent.
The report, which focuses on the Americas and the EMEA region, indicates that
the market is being driven by the rising number of compliance requirements.
According to Technavio’s industry analyst, “With increasing litigation, there
is a rise in the need for secure storage and timely retrieval of data. Since
electronic data is now accepted as proof in litigation, e-discovery is becoming
an important requirement, especially as it is estimated that loss through
litigation is increasing year on year. Data protection and recovery solutions
provide companies with integrated protection, security, and recovery options,
and so there is increasing demand from end-users for these solutions to meet
compliance requirements.”
The report also highlights that the availability of free backup and recovery
solutions is hindering the growth of this market. However, the exponential
growth of critical data is expected to keep driving the market. There is also a
move toward centralized protection and storage.
These are just some of the important findings presented in the report that will
enable companies to fully understand the potential in this market and formulate
their own strategies.
Technavio’s report, Global Data Protection and Recovery Solutions Market
2010–2014, is based on an extensive research conducted with industry experts,
vendors, and end-users. It examines the key trends, drivers, and challenges
impacting the evolution of this market. The report also contains incisive
insights and SWOT analyses regarding the key vendors in this market, including
Symantec Corp., IBM Corp., EMC Corp., and CA Technologies.
Contact:
Ludmila Berkesova
Program Manager
Technavio
8 Wimpole Street
W1G 9SP London UK
Tel: +44 (0) 20 7291 0880
Fax: +44 (0) 84 5280 2825
