According to
new market research 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 global 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.
Browse and
in-depth TOC on “Data
Resiliency Market”
78
- Tables
40
- Figures
144
- Pages
Based on deployment, the cloud segment of the data resiliency
market is projected to grow at a higher CAGR than the on-premises segment
during the forecast period.
Based on
deployment, the cloud segment of the data resiliency market is projected to
grow at a higher CAGR than on-premises segment during the forecast period.
Cloud data resiliency solutions are cost-effective. They are capable of storing
larger volumes of data than on-premises solutions. Moreover, cloud solutions
offer reduced downtime in case of any failure and help easily locate the data.
Cloud solutions also offer increased scalability as they allow an easy increase
in the data storage limit. Majority of the small & medium enterprises are
adopting cloud solutions as they help them in avoiding the costs related to
hardware, software, storage, and technical staff.
Based on organization size, the small & medium enterprises
segment of the data resiliency market is projected
to grow at a higher CAGR than the large enterprises segment from 2018 to 2023.
Based on
organization size, the small & medium enterprises segment of the data
resiliency market is expected to witness higher growth than the large
enterprises segment during the forecast period. Cost-effectiveness is important
for Small & Medium Enterprises (SMEs) as they have limited budgets. Hence,
these enterprises face greater resource crunch than large enterprises and as
such, require improved methods to resolve complexities to ensure effective cost
optimization of their business processes. The implementation of cloud-based
data resiliency solutions is expected to result in increased revenues, desired
business outcomes, and improved business efficiency for SMEs.
The North American region is expected to lead the data resiliency
market in 2018.
The North
American region is expected to lead the data resiliency market in 2018. The
growth of the North America data resiliency market can be attributed to the
presence of various key players such as IBM (US), Commvault Systems, Inc. (US),
Microsoft (US), and VMware (US) in the region. Moreover, increased investments
by various leading market players in R&D activities also contribute to the
increased demand for data resiliency solutions in the North American region.
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).
Contact:Mr. Rohan
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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