target audience: TECH SUPPLIER Publication date: Aug 2024 - Document type: Market Forecast - Doc Document number: # EUR152526424
European Data Replication and Protection Software Market Forecast, 2024–2028: Resilience Drives Steady Growth
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Abstract
This IDC Market Forecast discusses the European data replication and protection software market and illustrates how the DRP software industry will evolve in the next five years. It presents market revenue and growth for different deployment spaces and provides details on how enterprises should face new technology changes in the cloud industry. It analyzes the European DRP software market and is split into two main deployments categories — public cloud services and on-premises/others — looking at both deployments combined. For more information about IDC's definitions, please refer to the latest IDC's Worldwide Software Taxonomy, 2024 (IDC #US52000924, April 2024).
"Unabated data growth, resilience-oriented regulations, and advancing cyberattacks are pushing European organizations to invest in data replication and protection technologies, for static compliance and as part of proactive ransomware resilience. Data protection market remains a growth market and a large part of growth comes from public cloud services segment," said Archana Venkatraman, senior director, Cloud Data Management and CloudOps Research, IDC Europe.