The global market for data protection and recovery management hit $58 million in 2006 and will increase to $200 million by 2011, according to a report by IDC. The figure represents a 16.9% increase.
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.
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