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Future Growth: Copy Data Management Software Market By Key Players: NICMAN Group, Actifio, IBM, Rubrik 2017-2025
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The importance of CDM is rapidly being understood around the globe mainly due to rising multi-faceted IT problems encountered by enterprises. CDM software helps enterprises to resolve data management challenges and allows companies to create and manage multiple versions of data for recovery. In addition, CDM also helps companies to handle copy data crisis by providing local copies for operational recovery and remote copies for disaster recovery. These factors are boosting the demand for CDM software across industries such as banking, financial service & insurance (BFSI), and IT & telecom, especially in IT backrooms. Furthermore, growing need for optimized and reduced data storage space by enterprises is anticipated to contribute to the growth of the CDM market. Also, growing business demand for data uptime and recovery in order to meet Service Level Agreements (SLAs) and Recovery Time Objective (RTO) is likely to drive the CDM software market during the forecast period. However, security of the data is the main concern associated with CDM as it focuses more on backup and recovery rather than security. Similarly, as CDM allows users to work on a common copy of a data source, it might lead to complexity in terms of version control of the files. These factors are expected to restrain the use of CDM software. However, growing adoption of cloud platforms and increasing requirements of reduced data redundancies is projected to provide prominent opportunities for CDM in emerging markets. In addition, the growing emergence of data on-demand trend in enterprises is expected to offer opportunities for the CDM market.
The rising demand for CDM and importance of efficient management & optimization of data has led many vendors to introduce their solutions in the CDM market. Some of the major players in the CDM market are Catalogic Software, NICMAN Group LLC., Actifio, Inc., International Business Machine Corporation (IBM), Veritas Technologies, LLC, Edgewater Networks, Rubrik, Inc., Cohesity, Inc., Commvault Systems, Inc., and Delphix Corp.
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