SOURCE: MarketResearch.com

MarketResearch.com

September 20, 2010 10:32 ET

Data Protection & Recovery Software Market to Reach $4 Billion by 2010

ROCKVILLE, MD--(Marketwire - September 20, 2010) - MarketResearch.com has announced the addition of IDC's new report "Worldwide Data Protection and Recovery Software 2010-2014 Forecast: Cloud, Deduplication, and Virtualization Stabilize Market" to their collection of Specialized Applications market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2764018

This IDC study presents a five-year forecast of the worldwide data protection and recovery software market for 2010-2014. IDC now estimates 2010 revenue for the worldwide data protection and recovery software market will total slightly above $4.0 billion, representing a 3.1% annual growth rate. This was significantly below the 11.3% annual growth rate in 2008.

The worldwide data protection and recovery software market has not been immune to the worldwide financial crisis that began in late 2008. The protracted economic downturn has adversely impacted the regional economies as well in 2009. As a result, IDC has moderated its forecast for the worldwide data protection and recovery software market forecast. The five-year worldwide forecast from 2009 to 2014 shows a 5.2% compound annual growth rate (CAGR), with 2009 growth dipping by 3.1% year over year.

"The data protection and recovery software market continues to be adversely impacted by the overall stagnant economic environment. We expect long-term recovery; however, 2010 will be a tough year for some incumbent vendors," says Robert Amatruda, research director for Data Protection and Recovery at IDC. "Vendors should use this time to develop strategies to capitalize on adjacent markets, formulate their cloud strategies, and move further toward the comprehensive information management opportunity or evaluate acquisitions that would augment their current capabilities."

Key issues covered in the report includes:

  • Data Protection and Recovery Software
  • Data Protection Software
  • Continuous Data Protection Software
  • Bare Metal Restore Software
  • Virtual Tape Library Software
  • Backup and Recovery Reporting Software
  • Situation Overview
  • The Worldwide Data Protection and Recovery Software Market in 2009
  • Future Outlook
  • Forecast and Assumptions
  • Market Drivers
  • Market Inhibitors
  • Worldwide Data Protection and Recovery Software Forecast, 2010-2014

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2764018

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