Press release
Data Recovery Services Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Data Recovery Services
The rise in the number of data breaches is expected to accelerate the growth of the data recovery services market. Data breaches, resulting from unauthorized access to sensitive data, are on the rise due to more advanced cyber-attacks, weak cybersecurity measures, and the increasing digitization of information. Data recovery services help mitigate the impact of data breaches by providing backup solutions to quickly recover data. The Identity Theft Resource Center reported in January 2024 that there were 3,205 recorded data breaches in 2023, a 78% increase from 2022. This surge in breaches is driving the growth of the data recovery services market.
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What growth opportunities are expected to drive the data recovery services market's CAGR through 2034?
The data recovery services market will grow from $4.5 billion in 2024 to $5.23 billion in 2025 at a CAGR of 16.4%. The growth in the market is driven by the rise in data breaches, the increasing adoption of cloud computing, higher demand for data storage, stronger data protection regulations, and digitalization efforts across industries.
The data recovery services market is projected to grow to $9.55 billion by 2029, at a CAGR of 16.2%. Growth is driven by increasing cyber threats, the rise of IoT devices, an increase in ransomware attacks, the growth of big data analytics, and the adoption of AI and machine learning in data recovery. Trends include the growth of remote data recovery services, the integration of blockchain technology, hybrid cloud data recovery solutions, and a focus on sustainable, green data recovery practices.
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What are the emerging trends shaping the future of the data recovery services market?
Companies in the data recovery services market are leveraging strategic partnerships to provide essential data security services. For example, in July 2022, Mindtree Ltd. partnered with Rubrik Inc. to launch Mindtree Vault, a unified cyber-recovery platform that integrates their strengths in program management, cloud computing, data security, and recovery to offer comprehensive recovery solutions for clients.
Which growth-oriented segments of the data recovery services market are leading the industry's development?
The data recovery services market covered in this report is segmented -
1) By Type: In-Lab Recovery, Data Recovery Software, Remote Data Recovery, Cloud Data Recovery
2) By Application: Secure Digital (SD) Card, Hard Disk, Universal Serial Bus (USB) Drive, Mobile Phone, Personal Computer (PC) And Tablet, Other Applications
3) By End User: Personal And Commercial, Government And Public Sector, Educational Institutions
Subsegments:
1) By In-Lab Recovery: Hard Drive Recovery, SSD Recovery, RAID Recovery, Tape Recovery
2) By Data Recovery Software: File Recovery Software, Partition Recovery Software, Email Recovery Software, Database Recovery Software
3) By Remote Data Recovery: Enterprise Remote Recovery, Personal Remote Recovery, Mobile Device Recovery
4) By Cloud Data Recovery: Cloud Backup And Recovery, Disaster Recovery As A Service (Draas), Hybrid Cloud Recovery
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What regions are leading the charge in the data recovery services market?
North America was the largest region in the data recovery services market in 2024. The regions covered in the data recovery services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the data recovery services market?
Major companies operating in the data recovery services market are Dell Technologies Inc., Lenovo Group Limited, International Business Machines Corporation, Western Digital Corporation, Seagate Technology Holdings plc, Stellar Information Technology Pvt. Ltd., Atlantix, DriveSavers Data Recovery Inc., WeRecoverData Inc., CBL Data Recovery Technologies Inc., Datlabs, Disk Doctors Labs Inc., Gillware Inc., Secure Data Recovery Services LLC, R3 Data Recovery Ltd., ACE Data Recovery, DataNumen Inc., LC Technology International Inc., Cleverfiles, Fields Data Recovery Ltd., iBoysoft, Ontrack, SalvageData Recovery LLC, TTR Data Recovery Inc., UFS Explorer
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What Is Covered In The Data Recovery Services Global Market Report?
•Market Size Forecast: Examine the data recovery services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the data recovery services market for a structured understanding.
•Key Players Overview: Analyze major players in the data recovery services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data recovery services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the data recovery services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data recovery services market.
•Industry Challenges: Identify potential risks and obstacles affecting the data recovery services market.
•Competitive Landscape: Review strategic developments in the data recovery services market, including expansions, agreements, and new product launches.
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