Press release
Global Data Resiliency Market Expected to Achieve 14.3% CAGR by 2029: Growth Forecast Insights
Data Resiliency
What Is the Expected CAGR for the Data Resiliency Market Through 2025?
In recent times, the market size for data resiliency has seen a significant rise. The market is projected to expand from a volume of $14.48 billion in 2024 to $16.57 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.4%. The historic surge can be credited to escalating concerns over data safety and security, embracing operational excellence, implementation of data quality management solutions, considerable data generation from diverse sources, and growing problems regarding privacy and security.
What's the Projected Size of the Global Data Resiliency Market by 2029?
In the coming years, the data resiliency market is projected to experience fast-paced expansion, with an estimated worth of $28.29 billion by 2029, reflecting a compound annual growth rate (CAGR) of 14.3%. This advancement in the forecast era is credited to the swift surge in data being generated from an array of sources, growing endorsement of recovery solutions and cloud-stored data backup, heightened cyber-security risks, and an intensifying concentration on risk management. Notable trends projected throughout this period consist of an increased appeal towards blockchain solutions, the emergence of new technologies, automation in disaster recovery, incorporation of artificial intelligence, and the inclusion of IoT devices.
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Top Growth Drivers in the Data Resiliency Industry: What's Accelerating the Market?
The accelerated uptake of cloud computing is set to fuel the expansion of the data resiliency sector in the near future. Essentially, cloud computing involves the use of the internet to manage and access computing services such as storage and apps, eliminating the requirement for physical on-site infrastructure. The rapid adoption of this technology is due to its affordability, scalability, flexibility, along with the surging requirement for real-time analysis and offsite data access. Data resiliency plays a critical role in facilitating the implementation of cloud computing by guaranteeing data recovery, availability, and integrity, thereby mitigating worries about data downtime and loss in dynamic cloud settings. For instance, Eurostat, a government agency based in Luxembourg, reported in December 2023 that the percentage of enterprises procuring cloud computing services in the EU had grown by 4.2 percentage points in 2023 compared to 2021 figures. Furthermore, according to information disclosed by the US digital transformation service provider, AAG IT Support Service, a global survey of 753 tech and business experts in 2022 revealed that 63% of the study's participants were heavy users of cloud services - a rise from 59% the previous year. Thus, the ongoing migration towards cloud computing is fuelling the expansion of the data resiliency sector.
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What Trends Will Shape the Data Resiliency Market Through 2029 and Beyond?
Leading firms in the data resiliency market are pioneering new solutions like data protection solutions in an effort to improve system dependability and shield critical data from disruptions. These solutions refer to strategies and technologies, such as encryption, backup and disaster recover methods, which are employed in order to protect data integrity, confidentiality, and accessibility. For example, in October 2024, Arcserve LLC, an American data protection and business continuity firm, rolled out UDP 10 to enhance virtualization support and increase protection against malware in multi-cloud settings. This version features upgraded malware protection that employs real-time behavioral analysis for identification and nullification of emerging threats, safeguarding data integrity throughout decentralized networks. UDP 10 further enhances virtualization support, simplifying the backup and restoration of virtualized workloads across hybrid and multi-cloud platforms. The upgraded version simplifies management with a singular interface for improved control, while also offering heightened scalability, thus cutting down the complexities involved in large-scale and diverse environment protection.
What Are the Main Segments in the Data Resiliency Market?
The data resiliencymarket covered in this report is segmented -
1) By Component: Solution, Service
2) By Deployment Mode: On-Premise, Cloud
3) By Enterprise Size: Large Enterprises, Small Medium Enterprises
4) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Retail And Consumer Goods, Government, Public Goods, Healthcare, Media And Entertainment, Manufacturing, Other Industrial Verticals
Subsegments:
1) By Solution: Backup And Recovery Solutions, Disaster Recovery Solutions, Data Archiving And Replication Solutions, Cloud Data Protection Solutions, Encryption And Security Solutions
2) By Service: Consulting And Advisory Services, Managed Data Resiliency Services, Deployment And Integration Services, Support And Maintenance Services, Compliance And Risk Management Services
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Which Top Companies are Driving Growth in the Data Resiliency Market?
Major companies operating in the data resiliency market are Microsoft Corporation, Huawei Technologies Company Limited, accenture* plc, International Business Machines Corporation, Infosys Limited, Kyndryl Holdings Inc., VMware Inc., HCL Technologies Limited, Wipro Limited, NetApp Inc., CA Technologies Inc., DXC Technology Company, Veeam Software Group GmbH, Quest Software Inc., Commvault Systems Inc., Rubrik Inc., Cohesity Inc., Acronis International GmbH, Carbonite Inc., Asigra Inc.
Which Regions Will Dominate the Data Resiliency Market Through 2029?
North America was the largest region in the data resiliency market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data resiliency market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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