What is Data Recovery Services?
Data recovery service, a process of restoring data that has been lost or corrupted data, varies depending on the cause for inaccessibility of data. It can be performed on the various types of storage media such as hard disk drive, flash drive, and memory or SD cards. The improved manageability and protection are some of the critical factors that will boost the data recovery service market growth in the upcoming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM Corporation (United States), Sims Recycling Solutions, Inc. (United States), Dell EMC (United States), Microsoft (United States), Veeam (United States), Oracle (United States), Lenovo (Hong Kong), Hewlett Packard Enterprise (United States), Minntek Solutions Inc. (United States), Atlantix Global Systems (United States), Veritas (United States) and Seagate Technology LLC (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Hardware-based Services, Software-based Services and Remote Data Recovery) , by application (SD Card, Hard Disk, USB Drive, Mobile Phone, PC & Tablet and Other) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Data Recovery Services market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Data Recovery Services market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are IBM Corporation (United States), Sims Recycling Solutions, Inc. (United States), Dell EMC (United States), Microsoft (United States), Veeam (United States), Oracle (United States), Lenovo (Hong Kong), Hewlett Packard Enterprise (United States), Minntek Solutions Inc. (United States), Atlantix Global Systems (United States), Veritas (United States) and Seagate Technology LLC (United States).
Market Overview:
In Sep 2016,Dell Technologies today announced completion of the acquisition of EMC Corporation, creating a unique family of businesses that provides the essential infrastructure for organizations to build their digital future, transform IT and protect their most important asset, information.
The data recovery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses,
Influencing Trend:
Increasing Adoption of Cloud Data Recovery Services
Market Growth Drivers:
Increasing Growth of Enormous Amount of Data, Rising Need for Data Security and Privacy Concerns and Operational Excellence and Data Quality Management
Challenges:
Management of Unstructured Data and Presence of Data Silos
Restraints:
Strict Competition From Open-Source Alternatives
Opportunities:
Deployment of Data Maturity Model and Blockchain Solutions for the Future of Data Backup
Key highlights of the Global Data Recovery Services market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Data Recovery Services market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Data Recovery Services market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Data Recovery Services Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data Recovery Services market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Data Recovery Services market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Data backup and recovery solution providers, System Integrator, Training and Education Service Providers, Telecom and Communication Service Providers, Managed Service Providers, Data Security Providers, Data Quality Providers and Governments.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.