Market Highlights
Data resiliency is necessary for ensuring the continuous availability of business applications and data, even at the time of any adverse events such as cyber-attacks, power outage, and server overload. Market Research Future (MRFR) has published a research report on the global data resiliency market size that estimates huge growth for this market at13.90% CAGR (Compound Annual Growth Rate) between 2022 and 2030. The value of this market is expected to rise to the US $ 44.5 bn by 2030.
The primary factors helping the growth of the global data resiliency market via adoption of various solutions and services to achieve data resilience are the continuous generation of the high volume of data from business operations and an increasing number of threats and cyber-attacks such as ransomware. Other important factors are increasing concerns of privacy associated with data sharing of data with third-party applications and the need for data security. However, availability of data resiliency solutions substitutes like open source data resiliency alternatives can restrain the market growth.
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Major Key players
- 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).
According to MRFR, 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 2019–2023.
Latest Industry News
Penola Catholic College has implemented the HPE Simplivity in order to high-resilient, redundant, simplify infrastructure to cater for the 2,000 kids that attend the school, across two campuses. 5 DEC 2019
Red Hat has acquired Tel Aviv-based NooBaa, which provides a hybrid cloud data management service. 27 NOV 2019
Segmentation.
The global data resiliency market has been segmented on the basis of components, the deployment model, organization size, vertical, and lastly, region. The components-based segmentation segments this market into services and solution. The services have been sub-segmented into managed services and professional services. The solution has been sub-segmented into data archiving & e-discovery, data backup & recovery, and disaster recovery.
As per the deployment model, this market has been segmented into the on-cloud and on-premise. Based on organization size, the market has been segmented into small & medium enterprises (SMEs) and large enterprises. With regards to vertical, the market has been segmented into Banking, financial services and insurance (BFSI), government, healthcare, Information Technology (IT) & telecommunication, manufacturing, media & entertainment, and others. Others segment covers education, hospitality, law firms, logistics, and transportation.
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Regional Analysis
The regional segmentation of the global data resiliency market segments the global market into regional markets known as North America, Asia Pacific, Europe, and rest of the world (RoW). During the forecast period, North America is expected to dominate the global market due to the presence of major market players, high adoption of associated services, technological advancement, and increasing investment in data resiliency. Rapid innovation in this region can accelerate the rate of adoption of data resiliency. Outsourcing management and expertise are increasing a lot because many organizations prefer to focus on core business and outsource such activities. The key country-specific markets in this region are USA, Canada, and Mexico.
Europe is another important regional market. In this region, the market is growing due to the presence of many key players and heavy investment in the data resiliency. The European market is expected to grow at a considerably higher rate due to technological advancement and presence of many key market players. The most important country-specific markets in this region are France, Germany, Italy, Spain, and the UK, followed by the remaining countries of Europe.
The Asia Pacific is one of the fastest growing regional markets due to the rapid urbanization and being the hub of various IT services. Important country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
In the RoW segment, the Latin America and Middle East & Africa (MEA) are expected to grow steadily due to limited technological advancement and slowly increasing trends of cloud services.
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