Market Snapshot:
Data protection and recovery solutions play a vital role not only in securing the corporate data from cyber threats but also provides a medium to recover the lost data due to intrusion by malicious software and cyber malware. With applications in most of the end-use industries from manufacturing to aerospace and defense, data protection and recovery solutions have grown a necessity for most of the company dealing with data management. The rising adoption of cloud data models by enterprises, and private and government organizations for optimizing operational capabilities are the major driving factor for the growth of the market. Another factor responsible for the growing demand for data protection and recovery solutions is the increasing complexity of the enterprise network which connects all the computers and associated devices of the organization at different locations.
Highlights from Data Protection and Recovery Solutions Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Players profiled in the report are Commvault (United States), EMC (United States), Hewlett-Packard (United States), IBM (United States), Acronis (Switzerland), Seagate Technology (United States), Veritas Technologies (United States) and Veeam Software (Switzerland). Additionally, other players that are part of this comprehensive study are Unitrends Inc. (United States), Actifio (United States) and Arcserve (USA) LLC (United States).
Geographic Breakdown and Segment Analysis
The Global Data Protection and Recovery Solutions market presents a comprehensive analysis of the Data Protection and Recovery Solutions market by product type (Email Protection, Endpoint Data Protection, Application Recovery Management, Cloud Platforms and Others), by end-user/application (Business Continuity and Disaster Recovery (BCDR), Cybersecurity and Cloud Services), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Data Protection and Recovery Solutions industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Data Protection and Recovery Solutions market
Analyst at AMA have segmented the market study of Global Data Protection and Recovery Solutions market by Type, Application and Region.
Influencing Trend:
Growing Adoption of the Al and Machine Learning
Market Growth Drivers:
Increasing Instances of Cyber-Attacks, Ransomware, and Unauthorized Access to Information and Rising Dependency of Organizations on Enterprise Software Applications, such as Email, Customer Relationship Management, and Enterprise Resource Planning
Challenges:
Rising Cyber Security Threats
Restraints:
Lack of Skilled Working Professionals
Opportunities:
Significant Increase in Information Storage over the Cloud, due to Lower Operational Costs, Enhanced Reliability, and Convenient & Timely Backup from a Host to a Destination System
Market Developments Activities:
In Aug. 22, 2023 /PRNewswire/ -- Commvault®, an enterprise data protection leader for today's global businesses, today announced the general availability of Commvault Platform Release 2023E which bolsters secure data protection across hybrid multi-cloud environments.
In June 7, 2023 Commvault®, an enterprise data protection leader for today's global businesses and the first data protection vendor to introduce cyber deception, announced new security capabilities across its entire portfolio. Signaling the next phase in its evolution, Commvault is helping businesses secure, defend, and recover their data to meet increasingly sophisticated cyberthreats head on.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
Data Protection and Recovery Solutions Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others