Data Protection Market is estimated to be US$ 375.28 billion by 2030 with a CAGR of 15.7% during the

The report "Global Data Protection Market, By Components (Solutions (Data Backup & Recovery, Data Archiving & Rediscovery, Encryption, Data Loss Prevention, Identity & Access Management, and others) and Services (Professional Services and Managed Services)), By Deployment (Cloud and On-Premises), By Organization Size (Small & Medium-Sized Enterprises, and Large Enterprises), By End-Users (Banking, Financial Services, Insurance, Energy & Utilities, Government, Healthcare, Manufacturing, Retail, and Others), and Region – Global Forecast to 2030" The global data protection market accounted for US$ 88.3 billion in 2020 and is estimated to be US$ 375.28 billion by 2030 and is anticipated to register a CAGR of 15.7%.. Increasing amount of data being generated on a daily basis in businesses, coupled with increasing adoption of cloud computing by organizations is collectively growing the demand for the global data protection market. This is the major factor enhancing growth of the global data protection market. In addition, growing technological advancements along with rising awareness among businesses data integrity and data protection software are other major factors expected to fuel growth of the global data protection market over the forecast period.