Press release
Data Recovery Software Market Significantly Expand over 2025
Data Recovery Software Market
In the current digital era, information is stored digitally in the physical devices such as laptops, smartphones and cloud based storage system. Digital storage has completely taken over and is also considered as standard method of storing data. However, the risk of losing information persists owing to various accidents and problems. According to U.K. statistics released in 2016, shows that most data loss is caused by human error rather than malicious attacks. Data recovery software plays a crucial role in the recovery of deleted or inaccessible data from storage devices.
Colossal growth in the volume of data owing to the rapid adoption of digital technologies majorly contributes in driving the market growth. Data plays an important role in delivering quality insights to the organization, hence contributing in their expansion. The increased dependency on data has raised the need for data security and privacy, hence propelling the market growth. However, increased competition from various open source products is mainly hampering the market growth. Adoption of block chain technology for future data backup is anticipated to generate lucrative market opportunities.
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Market Segmentation:
The global data recovery software is majorly segmented into: component, deployment, platform and end-use. Based on software, market is bifurcated into: data replication, data reduction and data retention, while based on service market is segmented into: professional and managed services. On the basis of deployment, market is bifurcated into: On-premise and cloud based solution. Depending the platform adopted market is bifurcated into: Linux, Windows, Mac and others. The software can be deployed in various industries such as: BFSI, IT and Telecom, Healthcare, Retail, Government and Defence and others.
Regional Analysis:
The global data recovery software is majorly analysed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of major players coupled with adoption of advanced technology in recovery is mainly influencing growth of North American region, while increased adoption of various recovery softwares in commercial sectors is fuelling the growth of Asia Pacific region.
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Key Players:
Major key vendors operating in the data recovery software market are: Oracle Corporation (U.S.), IBM Corporation , Dell Inc, CA Technologies , Hewlett Packard Enterprise Development LP , Microsoft Corporation , Commvault , Veritas Technologies LLC , NetApp, Inc, Acronis International GmbH and others.
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