Press release
Emerging Trends to Drive Business Recovery Services Market Growth at 9.5% CAGR Through 2029
Business Recovery Services
Business Recovery Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for business recovery services has seen robust growth in the past few years. It is predicted to increase from $7.30 billion in 2024 to $8.02 billion in 2025 with a compound annual growth rate (CAGR) of 9.9%. The substantial growth during the historical period can be traced back to the rise in data breaches and ransomware incidents, amplified awareness regarding business continuity planning, the expansion of remote and hybrid work patterns, the escalating requirement for minimal downtime in crucial sectors, and rising investments in cybersecurity and recovery platforms.
Business Recovery Services Market Size Forecast: What's the Projected Valuation by 2029?
A robust expansion is anticipated in the business recovery services market size in the forthcoming years. It is projected to reach $11.55 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 9.5%. The expansion during the forecast period could be linked to the escalating occurrences of cyberattacks, burgeoning adoption of cloud-oriented recovery services, increasing threat of natural disasters, rising inclination towards testing and validation services, and the proliferation of digital transformation efforts. Key trends expected during this projection period involve progressions in AI-based forecasting tools, the merging of forensic analytics, the evolution of technology-powered debt resolution platforms, advancements in digital restructuring models, and improvements in automated compliance systems.
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What Are the Drivers Transforming the Business Recovery Services Market?
The effect of the expansion in the remote workforce on the market as a result of advancements in digital communication technologies.
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What Trends Will Shape the Business Recovery Services Market Through 2029 and Beyond?
Primary corporations in the business recovery services market are turning their attention to the creation of inventive solutions such as legal workflow automation. This strategy aims to simplify debt resolution protocols, amplify compliance, and boost productivity during recovery operations. Legal workflow automation applies technology to manage legal tasks via pre-established workflows, thereby lessening the reliance on manual intervention, and ensuring processes are conducted accurately, consistently and punctually. Credgenics, an Indian debt recovery entity, for instance, introduced a debt recovery technology platform, uniquely for asset reconstruction enterprises (ARCs) in December 2023. This platform enhances debt resolution in the retail and SME segments, utilizing AI and machine learning to fine-tune communication strategies and advance recovery results. It offers services such as automated settlements, legal workflow control, and a mobile app for field collections. Pioneer users like Reliance ARC have reported significant enhancements in recovery effectiveness.
Which Segments in the Business Recovery Services Market Offer the Most Profit Potential?
The business recovery services market covered in this report is segmented
1) By Type: Administrative Takeover, Compulsory Liquidation And Creditor Voluntary Liquidation, Voluntary Management, Other Types
2) By Organization Size: Small Enterprises, Medium Enterprises, Large Enterprises
3) By Deployment Model: On-Premises Solutions, Cloud-Based Solutions, Hybrid Solutions
4) By End-User Industry: Healthcare, Financial Services, Manufacturing, Retail, Government, Information Technology, Telecommunications
Subsegments
1) By Administrative Takeover: Government Initiated Takeovers, Court Appointed Administrators, Regulatory Enforcement Actions
2) By Compulsory Liquidation And Creditor Voluntary Liquidation: Court Ordered Liquidation, Creditor Initiated Winding Up, Insolvency Practitioner Services
3) By Voluntary Management: Company Voluntary Arrangements (CVAs), Debt Restructuring Programs, Turnaround Consulting
4) By Other Types: Receivership, Informal Workout Arrangements, Pre Pack Administration
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Which Firms Dominate the Business Recovery Services Market by Market Share and Revenue in 2025?
Major companies operating in the business recovery services market are Deloitte Touche Tohmatsu Limited, PwC LLP, McKinsey & Company, BDO Global Ltd., RSM International Ltd., Grant Thornton LLP, Baker Tilly International Ltd., Forvis Mazars Group SC, FTI Consulting Inc., Oliver Wyman LLC, Protiviti Inc., Alvarez & Marsal Holdings LLC, PJT Partners Inc., Kingston Smith LLP, Menzies LLP, SKS Business Services Ltd., Agility Recovery Solutions Inc., Hall Chadwick Melbourne Pty. Ltd., PKF Group Ltd., Fortus Limited, Epiq.
Which Regions Offer the Highest Growth Potential in the Business Recovery Services Market?
North America was the largest region in the business recovery services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in business recovery services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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