The global data resiliency market is segmented by solution type, service type, organization size, deployment type, vertical and region. The solution type is further segmented into data backup recovery, data archiving e-discovery and disaster recovery. Based on service type, it is sub-segmented into professional and managed; by organization size into small, medium and large enterprises, out of which, small and medium enterprise is expected to have largest growth rate on the back of growing need of technology that can crunch the larger volume of data within the budget.
Crunching the larger data with the availability of advanced technology is fueling the market of data resiliency.On the basis of deployment type, the market is sub-segmented into cloud and on-premise, out of which, cloud deployment segment is expected to have leading shares on the back of less time needed to recover data in case of failure along with its cost effectiveness and capability to store large volume of data. Based on vertical, it is sub-segmented into BFSI, government, energy utilities, healthcare, manufacturing, retail, telecom IT, media entertainment and others.
The data resiliency market is anticipated to record a CAGR of 21.6% over the forecast period i.e. 2019-2027. Growing concern for data security on cloud based system on the back of increasing number of cyber-attacks such as ransomware etc. is expected to fuel the growth of market. Further, rising adoption of cloud based system for data back-up and recovery is expected to support the growth of the data resiliency market over the forecast period.
By region, the global data resiliency market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East Africa region. Among these regions, North America is expected to dominate the market owing to the presence of rising number of major players such as IBM and Microsoft in the region. Increasing investment in research and development by solution providers IBM, Commvault, HPE, Actifio and others are fueling the growth of data resiliency market in this region. Further, Asia-Pacific is expected to have largest growth rate on the back of rising adoption of data resiliency solutions due to increasing rate of cyber-attacks such as malware attacks etc. in various industries across the region.
Rising Demand for Data Resiliency to Boost the Market Growth
Rising need of data security, increasing adoption of cloud based solutions across various industries due to increasing number of cyber-attacks such as ransomware, malware etc. which deny the access to the computer system along with its data is anticipated to drive the growth of the market over the forecast period.
However, availability of open source alternatives of data resiliency due to their low cost of installation of software and solutions might hinder the growth of the market during the forecast period.
The report titled “Data Resiliency Market: Global Demand Analysis Opportunity Outlook 2027″ delivers the detailed overview of the global data resiliency market in terms of market segmentation by solution type, by service type, by organization size, by deployment type, by vertical and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global data resiliency market which includes company profiling of key companies such as Microsoft Corporation, CA Technologies Inc., IBM Corporation, Micro Focus, CenturyLINK Technology Solutions, Acronis Inc., NetApp Inc., Commvault, Veeam Software and Dell Technologies Inc.
The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global data resiliency market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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