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Data Resiliency Market Share, Growth | Industry Trends, 2021-2031
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Key parameters on which the data resiliency market is analyzed are the solution, service, size, deployment type, and region. By component, the data resiliency market is categorized into solutions which include disaster recovery, data archiving and e-recovery, data backup, and recovery. Further, the services include support and maintenance services, consulting services, implementation and integration services, and managed services. The verticals of the data resiliency market consist of media and entertainment, public sector, healthcare, retail and consumer goods, IT and Telecommunication, and others.
The report on the data resiliency market is crucial for deep insights into the data resiliency market for the 2021-2031 forecast period. The report covers recent, developments, competitive landscape, current trends, and regional outlook of the market. The team conducts an exhaustive analysis of the data resiliency market at TMR. The impact of COVID-19 on the growth of the data resiliency market, in particular, is covered in this report.
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Data resiliency Market: Competitive Landscape
The data resiliency market is mainly consolidated, mainly comprising software and service companies. The key players are concentrating on raising the standards of their products and adopting innovative and updated methods to create technologically advanced products and services. The market players are focused on collaborations with startups, mergers, and acquisitions to strengthen their market reach. Novel product launches and exhaustive research and development activities initiated by key players may create multiple growth opportunities for the data resiliency market.
There are few well-entrenched players in the data resiliency market, Micro Focus, Acronis, Inc., Dell Technologies, Inc., Microsoft Corporation, Veeam Software, Micro Focus, and Commvault.
Data Resiliency Market: Key Trends
The rising cases of data loss due to cyber-attacks, data theft, disaster, or human error that impacts the growth of organizations is indirectly fueling the growth of the data resiliency market. Data is the most valuable asset for any organization, and the loss of this precious data may ruin the entire business and its operations. The dire need to restore the essential data that may be lost due to data theft, human error, or cyber hacking may expedite the growth of the data resiliency market.
On the flip side, lack of awareness and budget constraints mainly limit small companies' use of data resiliency tools. They continue to employ manual data restoring methodologies, thus impeding the data resiliency market. The cloud-first approach and cloud-native services have proved to be a cost-effective solution for organizations to access all backups and accelerate the process of data recovery. These aspects are likely to boost the growth of the data resiliency market. The data resilience market will continue to increase due to cloud-based resilience, a hassle-free method of achieving organizational resilience at scale.
The COVID-19 pandemic has brought a revolutionary change in the working of various organizations. Owing infections, the work from home culture, and the need for online tools to support the online working strategies have developed an appetite for centralized data backup which may prove to be a growth booster for the data resiliency market.
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Data resiliency Market: Regional Outlook
North America is expected to command the data resiliency market, mainly because of the wide use of data resiliency tools by multiregional industries region. The development of various approaches in data resiliency by well-known technology companies is also fueling the data resiliency market in the area. All these aspects may bring enormous growth to the global data resiliency market.
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Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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