IDC Digs in for Data Protection and Recovery
IDC Digs in for Data Protection and Recovery
March 6, 2007: IDC has taken an industry first venture into the worldwide data protection and recovery management (DPRM) market, and forecasted it to reach $200 million by 2011.
IDC says the market hit $58 million in 2006, with the $200 million landmark in 2011 representing a 16.9 percent compound annual growth rate. They’re basing their findings on a number of key drivers including the increasing replacement of traditional data protection measures with new and improved disk-based protection technologies that can monitor, report and manage data protection configurations.
Another key driver is the corporate move to protection and recovery policies. These imperatives are pushing the need to be able to document data protection assets alongside evidence of protection and recovery processes and show them in a strategic light.
Laura DuBois, research director for IDC’s Storage Software group says the long-term outlook for data protection and recovery market looks promising, especially given the business move to operational efficiency, cost reduction, compliance and corporate governance.
“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,” says DuBois. “Over time, these markets will consume features and functions in the DPRM market.”
The IDC research comes off the back of their study, ‘Data Protection and Recovery Management: Who’s Who and Why it Matters.’ By examining the DPRM software market between 2005 and 2011, the study also identifies the characteristics that IDC believes, vendors need in order to be successful in the future.