IDC Presents Industry’s First Worldwide Forecast on the Data Protection and Recovery Management Market: Expect Revenue to More than Triple by 2011
FRAMINGHAM, MA – MARCH 5, 2007 – IDC today released the industry's first market size and forecast for the worldwide data protection and recovery management (DPRM) market. The worldwide DPRM market reached $58 million in 2006 and will increase to $200 million by 2011, representing a 16.9% compound annual growth rate (CAGR).
Key market drivers include:
— Traditional approaches to data protection are being augmented with new disk-based data protection technologies fueling the need for tools that can monitor, report and manage heterogeneous data protection configurations.
— Corporate protection and recovery policies imperatives are placing tools that can provide documentation of data protection assets and evidence of protection and recovery processes in an increasingly strategic light.
"Fueled by operational efficiency, cost reduction, improved reliability and performance, and business drivers such as compliance and corporate governance, the long term outlook for the worldwide data protection and recovery management market looks promising," said Laura DuBois, research director for IDC's Storage Software group. "While a small segment, DPRM is relevant to much larger markets such as data protection and recovery, replication, storage management as well as the market for governance, risk and compliance. Over time, these markets will consume features and functions of the DPRM market."
IDC's study, Data Protection and Recovery Management (DPRM): Who's Who and Why it Matters (IDC #205571), examines the DPRM software market for the period from 2005 to 2011, with major vendor profiles and market growth forecasts. This study also identifies the characteristics that vendors will need to be successful in the future. Vendors profiled include: Agite Software, AG, Aptare, Bocada, CA, Hewlett Packard, Servergraph, Sun Microsystems, Symantec, Tek-Tools, and WysDM Software.
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