Uploaded on Apr 3, 2020
Global data resiliency market is expected to generate a market value of USD 21 billion by 2023 growing at a 15% CAGR during the forecast period 2018–2023
Data Resiliency Market
Market Highlights
Data resiliency makes sure of the continuous availability of business applications and data, even
during adverse events such as server overload, cyberattacks, and power outage. Data resiliency is
achieved in many ways. These ways include logical replication hardware replication, as well as
storage of data in several locations. If the data from any location is compromised via any
cyberattack, power outage, equipment failure, or is corrupted, the user can access data from other
locations which will ensure uninterrupted business operations. The global data resiliency market is
projected to expand at 15% CAGR over the forecast period.
The Market Research Future (MRFR) report has suggested several factors contributing to the
growth of the global data resiliency market. Continuous generation of data in high volumes from
business operations and increasing cyber-attacks such as ransomware are the primary factors
driving the data resiliency market over the forecast period. Moreover, increasing concerns of
privacy that are associated with data sharing with third-party applications and need for data
security is fueling the data resiliency market growth. However, the availability of data resiliency
solutions substitutes such as open-source data resiliency alternatives is expected to pose as a
restraint on the market growth.
Segmentation:
The global data resiliency market is segmented on the basis of component, deployment,
organization size, vertical, and region. Based on component, the global data resiliency market is
segmented into solutions and services. The solutions segment is further segmented into data
backup and recovery, data archiving and e-discovery, and disaster recovery. The services segment
is studied for the sub-segments of professional services and managed services.
Based on deployment, the global data resiliency market is segmented into on-cloud, on-premise,
and hybrid. Based on organization size, the market is segmented into small, medium-sized
enterprises and large enterprises. Based on vertical, the market is studied for the segments of IT
and telecommunication, financial services and insurances, government, media and entertainment,
healthcare, transportation, education, logistics, law firms, and hospitality.
Detailed Regional Analysis
The global data resiliency market is segmented into the regions of North America, Europe, Asia-
Pacific, and the rest of the world. North America is expected to dictate the global data resiliency
market owing to the presence of major data resiliency solution providers in the region. Further,
owing to the massive investments in research and development of data resiliency solutions is also
fueling the regional market growth.
Asia Pacific is assessed to exhibit the highest CAGR over the forecast period. This can be owed to the
increasing implementation of data resiliency solutions in several end-user industries residing in the
region. Further, increasing cyberattacks have created a rising need for data backup, in turn,
fostering the data resiliency market growth over the conjecture period. Primarily banking and
financial services are adopting data resiliency solutions owing to the presence of critical consumer
data such as transaction history, account details, account passwords, debit & credit card details. If
such data is compromised, it can be difficult for organizations to recover losses in the market.
Therefore, proper disaster management solutions are necessary for countermeasure data theft and
other data-related threats. Such need is propelling the growth of data resiliency solutions in the
regional market.
Key Players
Some noteworthy players present in the data resiliency market include CommVault (US), Veritas
Technologies (US), IBM (US), Actifio (US), HPE (US), Veeam Software (Switzerland), Acronis
(Switzerland), Asigra (Canada), Carbonite (US), Quest Software (US), Microsoft (US), Century Link
(US), NetApp (US), Unitrend (US), VMware (US).
Industry Update
August 2019: Druva is the first SaaS-based data protection and management solution that is
certified for both VMware Cloud on Amazon Web Services and also available on VMWare Cloud
Marketplace.
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