Press release
Data Resiliency Market 2019 Global Key Leaders: CommVault, Veritas Technologies, IBM, Actifio, Veeam Software, Acronis, Asigra, Carbonite
Market Highlights
Market Research Future (MRFR) has published a research report on the global data resiliency market that estimates huge growth for this market at 15% CAGR (Compound Annual Growth Rate) between 2019 and 2023. The value of this market is expected to rise to the US $ 21 bn by 2023.
Key factors driving the adoption of various solutions and services to achieve data resilience include continuous generation of high volume of data from business operations and increasing cyber-attacks such as ransomware. Moreover, increasing concerns of privacy associated with sharing of data with third-party applications and need for data security is fueling the market growth. However, availability of data resiliency solutions substitutes such as open source data resiliency alternatives is restraining the market growth.
A crucial aspect of data resiliency is the recovery of data. Irrespective of the security system a company uses, there are some loopholes and vulnerabilities. Companies are always prone to cyber-attacks, even if they respond quickly to countermeasure the attack, there are some losses until they respond. Hence, it is essential for the companies to recover lost data, processes, and compromised systems which can be done by using data resiliency solutions. Many organizations are already equipped with disaster recovery and business continuity plans such as backup and recovery and multiple data centers located at different geographical regions which gives them the advantage of fast recovery and continuity of their business processes.
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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.
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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Intended Audience
• Data Resiliency solution provider
• Data Backup and Recovery Provider
• Disaster Recovery Providers
• IT Infrastructure Managers
• Data Centre Service Providers
• Government
LIST OF TABLES
Table 1 Global Data Resiliency Market, by Region, 2019–2023
Table 2 North America: Data Resiliency Market, by Country, 2019–2023
Table 3 Europe: Data Resiliency Market, by Country, 2019–2023
Table 4 Asia-Pacific: Data Resiliency Market, by Country, 2019–2023
Continued…….
LIST OF FIGURES
FIGURE 1 Global Data Resiliency Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Data Resiliency Market
FIGURE 4 Value Chain of Global Data Resiliency Market
Continued…….
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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