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.
For further information and to obtain your copy of this report, please visit www.technavio.com. Follow us on Twitter: @technavio for daily updates.
Rising Compliance Requirements Driving Data and Recovery Solutions Market
