What is Data Replication Software Market?
Data replication software facilitates data security, disaster resilience, and business continuity by quickly generating a data replica in a location independent of the data’s source. The software provides central management of replication policy through heterogeneous data sources and goals. End-users who view multiple data stores in the course of business benefit from data replication software because it ensures continuity. Zero-downtime data transfer and multi-site replication for business continuity in the event of a site catastrophe are two other possible applications. Long-term data collection and archiving necessitate data replication. Recently, data replication software has become available.
The market study is being classified, by Application (Large Enterprise and SMEs) and major geographies with country level break-up.
IBM (United States), Hitachi, Ltd. (Japan), Rubrik (United States), Dell (United States), Alooma (United States), Quest Software Inc (United States), Siber Systems, Inc. (United States), Pure Storage, Inc (United States), Fivetran, Inc (United States), Attunity (Israel), Hewlett Packard (United States) and StarQuest (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are FalconStor Software (United States) and Handy Backup (United States).
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Data Replication Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Data Replication Software market by Type, Application and Region.
On the basis of geography, the market of Data Replication Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Need for Data Security and Privacy Concerns
- Increasing Demand from End-Use Industry
Market Trend
- Increasing Adoption of Cloud Data Backup
Restraints
- Intense Competition from Open-Source Alternatives
Opportunities
- Opportunities in the Asia Pacific Region
- Rising Need of the Combined Data for Instant Results
Challenges
- Lack of Skilled Working Professionals
Market Leaders and some development strategies
In December 2020, Sesame Software, announced that the company has added support for Amazon Redshift, enabling rapid data movement from many clouds or on-premise sources to any number of Redshift nodes. Organizations will be able to aggregate their data in Amazon Redshift to drive relevant insights across previously disparate data silos., and In Feb 2019, Google announced its intention to acquire Alooma, a company that allows enterprises to combine all of their data sources into services like Google’s BigQuery, Amazon’s Redshift, Snowflake and Azure.
In Jan 2021, Sesame Software, the innovative leader in Enterprise Data Management, announced four new patents awarded in 2020, further cementing its lead in instant data warehouse and SaaS disaster recovery applications., and In July 2019, HVR announced the General Availability (GA) of 5.6, the latest version of the software, delivering real-time data replication to the cloud to enable a variety of analytical use cases, data streaming, and database technology migrations.
Key Target Audience
Data Replication Software Developers, Data Replication Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others