Growing Cyberattacks to Drive Data Resiliency Market

Growing Cyberattacks to Drive Data Resiliency Market

“Global Data Resiliency Market”
Global Data Resiliency Market Research Report, By Component (Solution, Service), Deployment (On-Cloud, On-Premise, Hybrid), Organization size (SMEs, Large Enterprise), Vertical (BFSI, Government, IT & Telecommunication, Healthcare)— Forecast till 2023

Market Highlights

Data resiliency makes sure of the continuous availability of business applications and data, even during adverse events such as server overload, cyberattacks, and power outage. Data resiliency is achieved in many ways. These ways include logical replication hardware replication, as well as storage of data in several locations. If the data from any location is compromised via any cyberattack, power outage, equipment failure, or is corrupted, the user can access data from other locations which will ensure uninterrupted business operations. The global data resiliency market is projected to expand at 15% CAGR over the forecast period.

The Market Research Future (MRFR) report has suggested several factors contributing to the growth of the global data resiliency market. Continuous generation of data in high volumes from business operations and increasing cyber-attacks such as ransomware are the primary factors driving the data resiliency market over the forecast period. Moreover, increasing concerns of privacy that are associated with data sharing with third-party applications and need for data security is fueling the data resiliency market growth. However, the availability of data resiliency solutions substitutes such as open-source data resiliency alternatives is expected to pose as a restraint on the market growth.

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Segmentation:

The global data resiliency market is segmented on the basis of component, deployment, organization size, vertical, and region. Based on component, the global data resiliency market is segmented into solutions and services. The solutions segment is further segmented into data backup and recovery, data archiving and e-discovery, and disaster recovery. The services segment is studied for the sub-segments of professional services and managed services.

Based on deployment, the global data resiliency market is segmented into on-cloud, on-premise, and hybrid. Based on organization size, the market is segmented into small, medium-sized enterprises and large enterprises. Based on vertical, the market is studied for the segments of IT and telecommunication, financial services and insurances, government, media and entertainment, healthcare, transportation, education, logistics, law firms, and hospitality.

Detailed Regional Analysis

The global data resiliency market is segmented into the regions of North America, Europe, Asia-Pacific, and the rest of the world.  North America is expected to dictate the global data resiliency market owing to the presence of major data resiliency solution providers in the region. Further, owing to the massive investments in research and development of data resiliency solutions is also fueling the regional market growth.

Asia Pacific is assessed to exhibit the highest CAGR over the forecast period. This can be owed to the increasing implementation of data resiliency solutions in several end-user industries residing in the region. Further, increasing cyberattacks have created a rising need for data backup, in turn, fostering the data resiliency market growth over the conjecture period. Primarily banking and financial services are adopting data resiliency solutions owing to the presence of critical consumer data such as transaction history, account details, account passwords, debit & credit card details. If such data is compromised, it can be difficult for organizations to recover losses in the market. Therefore, proper disaster management solutions are necessary for countermeasure data theft and other data-related threats. Such need is propelling the growth of data resiliency solutions in the regional market.

Key Players

Some noteworthy players present in the data resiliency market include CommVault (US), Veritas Technologies (US), IBM (US), Actifio (US), HPE (US), Veeam Software (Switzerland), Acronis (Switzerland), Asigra (Canada), Carbonite (US), Quest Software (US), Microsoft (US), Century Link (US), NetApp (US), Unitrend (US), VMware (US).

Industry Update

August 2019: Druva is the first SaaS-based data protection and management solution that is certified for both VMware Cloud on Amazon Web Services and also available on VMWare Cloud Marketplace.

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List of Tables

FIGURE 1 Global Data Resiliency Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Data Resiliency Market

FIGURE 4 Value Chain Of Global Data Resiliency Market

FIGURE 5 Share Of Global Data Resiliency Market In 2017, By Country (In %)

FIGURE 6 Global Data Resiliency Market, 2018–2023

FIGURE 7 Global Data Resiliency Market Size, By Components, 2018

FIGURE 8 Share Of Global Data Resiliency Market, By Components, 2018 To 2023

FIGURE 9 Global Data Resiliency Market Size, By Organization Size, 2018

FIGURE 10 Share Of Global Data Resiliency Market, By Organization Size, 2018 To 2023

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