Press release
Emerging Sub-Segments Transforming the Data Resiliency Market Landscape
Data Resiliency Market
Projected Expansion of the Data Resiliency Market by 2030
The data resiliency market is set for substantial growth, expected to reach $32.19 billion by 2030. This corresponds to a strong compound annual growth rate (CAGR) of 14.1% during the forecast period. Several factors are propelling this upward trajectory, including a rise in ransomware attacks, the widespread adoption of hybrid cloud setups, increasing regulatory demands for data protection, enhanced business continuity planning, and the rollout of AI-powered recovery tools. Key market trends anticipated to influence growth include the integration of backup and recovery platforms, automation in disaster recovery orchestration, cloud-centric data protection solutions, cyber-resilient system architectures, and mechanisms that ensure continuous availability of data.
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Leading Organizations Driving the Data Resiliency Market
A number of prominent companies are actively shaping the data resiliency landscape. Notable players include Microsoft Corporation, Huawei Technologies Company Limited, accenture* plc, International Business Machines Corporation (IBM), 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., and Asigra Inc.
In a significant development in December 2024, Cohesity Inc., a US-based IT firm, acquired Veritas Technologies. This strategic move aims to bolster Cohesity's offerings in data management and protection by expanding its portfolio with advanced backup, recovery, and resiliency solutions. Veritas Technologies specializes in providing comprehensive data resiliency services, complementing Cohesity's existing capabilities.
Emerging Innovations and Opportunities in Data Resiliency
Companies in the data resiliency market are focusing on creating innovative solutions that boost system dependability and protect critical data from interruptions. Data protection solutions encompass various technologies and practices, including encryption, backup, and disaster recovery, all aimed at maintaining data confidentiality, integrity, and availability.
For example, in October 2024, Arcserve LLC, a US-based company specializing in data protection and business continuity, launched UDP 10. This new version enhances support for virtualization and offers advanced malware protection tailored for multi-cloud environments. It employs real-time behavioral analysis to detect and combat emerging threats, ensuring the integrity of data across distributed networks. Additionally, UDP 10 simplifies management through a unified interface and improves scalability, addressing the complexities of protecting diverse and large-scale environments.
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Detailed Breakdown of the Data Resiliency Market Segments
This report segments the data resiliency market across several key dimensions:
1) By Component: Solutions and Services
2) By Deployment Mode: On-Premise and Cloud
3) By Enterprise Size: Large Enterprises and Small to Medium Enterprises
4) By Industry Vertical: Banking, Financial Services, and Insurance (BFSI); Information Technology (IT) and Telecom; Retail and Consumer Goods; Government and Public Goods; Healthcare; Media and Entertainment; Manufacturing; and Other Industrial Verticals
Further subcategories within these segments include:
- Solutions: Backup and Recovery Solutions, Disaster Recovery Solutions, Data Archiving and Replication Solutions, Cloud Data Protection Solutions, Encryption and Security Solutions
- Services: Consulting and Advisory Services, Managed Data Resiliency Services, Deployment and Integration Services, Support and Maintenance Services, Compliance and Risk Management Services
This comprehensive segmentation allows for a clear understanding of how various components, deployment modes, company sizes, and industries contribute to the overall growth and evolution of the data resiliency market.
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