Global Data-Protection-And-Recovery-Solution Market Key Insights
During the forecast period of 2023-2035, the global data-protection-and-recovery-solution market is expected to reach an estimated value of ~USD 27 billion by 2035 by expanding at a CAGR of ~13%. The market further generated revenue of ~USD 10 billion in the year 2022. Major key factors propelling the growth of data-protection-and-recovery-solution market worldwide are the surging adoption of cloud computing across organizations, and an increase in the amount of data volume for protection.
Market Definition of Data-Protection-And-Recovery-Solution
Data protection and recovery solutions enable data backup and security and they also make it possible to backup data from a host device to a destination device in a timely, dependable, and secure manner. Many sectors, including healthcare and retail, are using data protection and security solutions to safeguard their digital assets from cybercrime. The increasing need for solutions that can provide data resilience, operational efficiencies, and real-time information on installed data center infrastructure is becoming more recognized among organizations.
Browse Full Report Along With Facts and Figures @ https://www.kennethresearch.com/sample-request-10154327
Global Data-Protection-And-Recovery-Solution Market: Growth Drivers
The widespread use of cloud-based services and technologies is a major driver of the data protection and recovery software market. Many organizations are migrating to the cloud in order to reduce operational costs and provide real-time access to their employees. Increased cloud usage, on the other hand, has increased the risk of data loss, theft and unauthorized access to confidential information, driving up demand for data protection and recovery solution suites. For instance, Acronis International GmbH launched advanced data loss prevention (DLP) in order to prevent catastrophic data leaks with a quick and innovative approach. Similarly, the market growth can also be attributed to the data-protection-and-recovery-solution provider’s initiatives to provide high-tech-technology-supported solutions, which are also projected to drive the market growth. For instance, Veritas Technologies LLC announced a new NetBackup 10 solution powered by Cloud Scale Technology that serves as the basis for autonomous data management.
The global data-protection-and-recovery-solution market is also estimated to grow majorly on account of the following:
- Rapid growth of bringing your own devices trend in businesses
- Surging data breaches cases
- High incidence of cybercrimes
- Increasing government initiatives for data protection
Global Data-Protection-And-Recovery-Solution Market: Restraining Factor
There is limited inexpensive data-protection-and-recovery software present in the market. Furthermore, there has been an unexpected problem in managing these software solutions. Hence this factor is expected to be the major hindrance to the growth of the global data-protection-and-recovery-solution market during the forecast period.
Know More About the Complete Study @ https://www.kennethresearch.com/report-details/data-protection-and-recovery-solution-market/10154327
Global Data-Protection-And-Recovery-Solution Market Segmentation
- By Solution (Cloud Platforms, End Point Data Protection, Application Recovery Management, Email Protection, and Others)
The email protection category is predicted to have the highest market size over the forecast period out of other segments owing to the prominent position email holds in business communication and the rise in email-based cyberattacks. In 2020, there were more than 4 billion email users worldwide, with each person having an average of two accounts. Additionally, there are over 8 billion email accounts and over 3 billion emails are sent per second.
- By Deployment (On-Premise, and Cloud)
- By Enterprise Size (Small & Medium, and Large Enterprise)
- By End-User (Energy & Utilities, BFSI, and Others)
- By Region
The market in the North America region is anticipated to hold the largest market share by the end of 2035 among all the other regions. This can be attributed to the presence of industrialized countries in the North American region, such as the United States, with their technological advancements and innovations. The United States scored almost 61 points in the innovation index in 2021, compared to the world average of 132 countries, which was 34 points. On the other hand, the number of cybercrimes and data breaches in this area has also increased as a result of all the innovations and the growing amount of data being stored online. For instance, there were over 1800 data breaches in the United States in 2021.
Download Sample PDF Copy of this Report to understand structure of the complete report (Including Full TOC, Table & Figures) @ https://www.kennethresearch.com/sample-request-10154327
The market research report on global data-protection-and-recovery-solution also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), 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), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Key Market Players Featured in the Global Data-Protection-And-Recovery-Solution Market
Some of the key players in the global data-protection-and-recovery-solution market are Acronis International GmbH., Actifio Inc., Commvault, Hewlett Packard Enterprise Development LP, IBM Corporation, Broadcom, Seagate Technology LLC, Veritas Technologies LLC, Veeam Software, Arcserve, Inc., and others.
About Kenneth Research:
Kenneth Research, which is a leading reseller for strategic market research and consulting services, aims to help conglomerates, executives, and industries to take wise decisions for their businesses as well as for their future marketing strategy, expansion and investment among others. We provide unbiased, unparalleled market insights and industry analysis and believe that our expertise in the field of market research can help businesses to expand to its new horizon. Our team of research analysts can provide businesses a right guidance at the right time, while our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: sales@kennethresearch.com
U.S. Phone: +1 313 462 0609
