Report Ocean introduces a fresh report examining the ‘Global Data Resiliency Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Data resiliency is concomitant with disaster management and ensures data protection. Increasing data generation and growing concerns regarding its security are the factors expected to drive the growth of the global data resiliency market. The market is forecasted to grow from USD 11.69 Bn in 2018 to USD 27.63 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 18.8%.
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When technology falters, organizations end up having to bear the brunt. Technologies enhance consumer experience, but when data is compromised, the reputation of the company suffers significant damage. To overcome the difficulties that are faced due to the vulnerabilities of technology, organizations opt for data resiliency solutions.
Application segment insights:
The growth of the Blockchain sector is creating a plethora of opportunities for data resiliency vendors in the market. The banking, financial services, and insurance (BFSI) segment is projected to lead the market, with a share of 24% during the forecasted period, owing to the enormous amounts of data that is generated on a regular basis.
Deployment segment insights:
The cloud segment of the data resiliency market is expected to expand at a higher CAGR than the on-premises segment during the forecast period (2018-2023), owing to its cost-effectiveness.
The small and medium-sized enterprises (SME) segment of the data resiliency market is projected to grow at a higher CAGR than the large enterprises segment during 2018-2023.
Regional insights:
North America is expected to dominate the data resiliency market in 2018 with an approximately 36.5% share of the market – owing to the presence of a number of large players in this region – followed by Europe. The data resiliency market in the Asia-Pacific region is expected to expand at a significant CAGR of 20.5% during the forecasted period. This is due to the increased use of data resiliency solutions in various verticals such as retail and consumer goods, healthcare, IT and telecommunication, and BFSI, to protect and backup crucial enterprise data. Rising incidence of cyberattacks is one of the crucial reasons for the increased demand for data resiliency solutions in the Asia-Pacific region.
Companies covered:
1. Asigra Inc.
2. CA Technologies
3. Acronis
4. Carbonite, Inc.
5. Commvault Systems, Inc.
6. Veritas Technologies
7. IBM
8. Microsoft
9. Century Link
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
Some Questions Answered in the Data Resiliency Market Report:
- What is the projected size of the global Data Resiliency market in 2032, and what growth rate is expected?
- What are the primary drivers of growth in the global Data Resiliency industry?
- What are the major market trends that are affecting the expansion of the Data Resiliency market?
- What obstacles must be overcome in order to achieve sustained growth in the Data Resiliency market?
- What opportunities and threats do vendors in the global Data Resiliency market face?
- What are the raw materials and manufacturing equipment used in the production of Data Resiliency, and what is the manufacturing process?
- What are the different types and applications of Data Resiliency, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Data Resiliency market?
- What factors are driving the growth of the Data Resiliency market in the top regions worldwide?
- Who are the major players in the global Data Resiliency market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Data Resiliency market?
- What are the main findings of a five forces analysis of the global Data Resiliency market?
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