The report “Data Resiliency Market by Component (Solutions (Data Backup & Recovery, Data Archiving & E-Discovery, Disaster Recovery), Services (Professional Services & Managed Services)), Deployment, Organization Size, Vertical, and Region — Global Forecast to 2023”, The data resiliency market is expected to grow from USD 11.69 Billion in 2018 to USD 27.63 Billion by 2023, at a CAGR of 18.8% from 2018 to 2023. The growth of the data resiliency market is primarily driven by the increasing data privacy concerns and need to ensure data security, growing adoption of cloud-based data backup and recovery solutions, and increasing data generation from various sources.
Data has surpassed oil to become the world’s most valuable non-human asset. The data generation market boomed this year, as data grew exponentially in variety and volume and became a key driving force behind business innovation and productivity. In fact, estimates indicate that humans will produce and consume about 94 zettabytes of data by the end of 2022.
It has become apparent that data has become both an organization’s strength and its weakness, and thus, the need to manage and protect it will remain paramount in the coming years. A lurking threat to the enterprise in today’s world can be traced to the dearth of skillsets. There is a whitespace in the industry where the demand surpasses talent in terms of technology advancements and security.
As we step into the next lap of the data-driven world where sectors like SMBs, BFSI, pharma and public sectors are always on the hot seats of data breaches, let’s look at some trends that will dominate the industry in 2023.
Anchoring through privacy landscape in multi-cloud era
Data privacy has always been under the limelight. Multiple countries have adopted stricter data privacy regulations in recent years to pursue a privacy-first approach. Industry analysts are projecting, that by 2023, upward of 65% of the world’s population will have its personal data covered under various privacy regulations. These demands, combined with the possibility of an economic downturn, are positioned to create a perfect storm of headaches and hardships for IT professionals all over the world.
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Market Players
Some of the major vendors of Data Resiliency solutions are Acronis (Switzerland), Asigra Inc. (Canada), CA Technologies (US), Carbonite, Inc. (US), CenturyLink (US), Commvault Systems, Inc. (US), IBM (US), Micro Focus (UK), Microsoft (US), NetApp (US), Quest Software, Inc. (US), Unitrends (US), Veeam Software (Switzerland), Veritas Technologies LLC (US), and VMware (US).
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Market OverviewMarket Research Future (MRFR), in its recently published research report, asserts that the global Data Resiliency Market 2020 is expected to grow exponentially over the review period, recording a substantial market valuation of USD 21 billion, and a healthy 15% CAGR in the forecast period.Drivers and RestraintsEvery organization is seeing massive growth in data generated from various sources.
Such data need to be protected and controlled, which pushes data resiliency solutions to develop.
Cloud storage management incorporates on-line backup services and disaster recovery planning.
Lack of understanding among growing small enterprises about unique data resilience solutions is restricting market development.
In addition, the availability of open- alternatives is expected to hinder market growth over the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6386Segmental AnalysisBased on the component, the market is divided into solutions and services.
The solutions are further segmented into data archiving & e-discovery, data backup & recovery, disaster recovery and the services are further bifurcated into professional services and managed services.By deployment, the market is divided into on-cloud, and on-premise, hybrid.By the organization size, the market is bifurcated into small, medium-sized enterprises and large enterprises.By vertical, the market is segmented into IT & telecommunication, banking and financial services and insurances, media and entertainment, government, healthcare, and others (education, transportation, logistics, law firms, hospitality).Regional AnalysisThe geographical overview of the global market has been analyzed in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.Due to the early adoption of data resilience solutions and the presence of key players such as Veritas Technologies, IBM, CommVault, which provide disaster recovery and business continuity solutions for the numerous large companies in this area, North America is expected to dominate the data resilience market.
In-depth analysis of Data Resiliency Market 2020The Report Titled “Data Resiliency Market Report 2020, Competitive Landscape, Trends, and Opportunities” offers an in-depth assessment of the market by looking at the Market Growth, Drivers, Challenges, Opportunities, and Trends for the market to help the readers understand the overall scenario of the Data Resiliency industry.
The Data Resiliency Market report takes a holistic approach to the market and gives market insights, historical analysis, and verifiable projections pertaining to the market size in the forecast duration.
The estimations derived in this report are deduced by employing precise analytical tools, research methodologies, estimates, and reliable data sources.
The information offered in the report makes it an exhaustive database for all facets of the market categorized into product types, applications, end-user industries, prominent manufacturers, technology, and regional markets.To Get a Free PDF for Accurate Technical Insights, visit @ https://www.reportsanddata.com/sample-enquiry-form/1356 The Data Resiliency market intelligence study includes a separate section dedicated to crucial parameters like the pricing structure of vital feedstock and value chain analysis, along with the study of major suppliers of the raw materials.
In market segmentation by manufacturers, the report covers the following companies –Asigra, Acronis, Carbonite, Centurylink, CA Technologies, IBM, Micro Focus, Netapp, Microsoft and Commvault..
The market intelligence study outlines essential details of the market and the leading companies that hold a substantial portion of the global sector.
