Data protection as a service market to be worth $103.8bn in 2027

From: RegTech Analyst

The global data protection as a service market is expected to grow considerably in the next seven years, reaching a whooping $103.8bn in 2027.

That would represent a compound annual growth of 31.3%, according to new research from Grand View Research.

The ongoing digital disruption of businesses is a key driver to the growing market, as organisations have found themselves with a limited ability to protect, retain, store and govern data.

What this means is that there is a growing demand for businesses that can implement a unified approach for data protection is a strategic success to the organisations’ digital transformation.

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