The data protection market is projected is to exhibit 14.8% CAGR during the forecast period. The market is projected to be around USD 150 billion by 2026. The market is driven by the increasing number of internet users across the globe. Data protection can be defined as a process of safeguarding information from corruption or loss. Many laws across the globe regulate the public sharing of personal data. Various technologies such as, disk mirroring, file locking, database shadowing, and record locking, help in protecting personal data.
Telecom Data Protection Market Dynamics
Rise in number of mobile internet users, increasing preference to go public on personal life, and strict rules and regulations for data protection can be the key factors attributing to the growth of Data Protection Market in the coming years. However, rise in number of hackers and increasing demand for personal information in grey markets are expected to restraint the market growth to a certain extent in the coming years.
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5. It provides a eight-year forecast assessed on the basis of how the market is expected to grow
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