TECH SUPPLIER Jul 2022 - Market Forecast - Doc # US49296722
Worldwide Data Replication and Protection Software Forecast, 2022–2026
This IDC study discusses the worldwide data replication and protection market forecast for 2022–2026. The data replication and protection software market is expected to grow at a 3.6% CAGR through 2026. However, the traditional on-premises licensing portion is expected to grow at a meager 0.6% CAGR, while software deployed as a public cloud service is expected to grow at a much more robust 12.9% CAGR. Total market size by 2026 should reach $12.8 billion.
"The data replication and protection software market has shown resilience through the COVID-19 pandemic and uncertainty," said Phil Goodwin, research vice president, Infrastructure Systems, Platforms, and Technologies Group, IDC. "We expect continued growth in the market. Macroeconomic factors such as inflation, recession, war, and supply chain are always threats, but the DR&P market has a certain amount of inelasticity. Those vendors better able to address public cloud services can benefit from the higher growth potential of that market segment."
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