LATEST INTELLIGENCE

Introduction

In late 2022 , an independent research firm completed

PRESENTED BY their survey of 4,200 unbiased IT leaders and implementers on a variety of data protection drivers , challenges and strategies . This broad-based market study on unbiased organizations across 28 countries is conducted annually on Veeam ’ s behalf to understand how the data protection market continues to evolve , so

Download whitepaper that Veeam can ensure product strategies and market initiatives align with where the market is going .

The global data protection market continues to grow , with respondents revealing that their data protection budgets will increase by 6.5 % for 2023 . That is notably larger than expected when compared to how Gartner predicted a 5.1 % increase in overall IT budgets and the IDC predicted a 5.2 % increase in overall IT spending .

Of the 2,100 respondents answering budget questions in this survey , 85 % of organizations worldwide expect to increase their data protection budget , while 7 % will remain flat and 9 % will decrease their budgets . Of those increasing their budgets , they will do so by 8.3 % above their 2022 data protection spending .

About the research

This research report summarizes the responses of 4,200 organizations of all sizes :

• 11 % Small and mid-sized organizations ( 100 to 499 )

• 11 % Commercial organizations ( 500 to 999 )

• 36 % Small enterprises ( 1,000 to 2,499 )

• 24 % Enterprises ( 2,500 to 4,999 )

• 18 % Large enterprises ( 5,000 or more employees ) p

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