Market Highlights
Data
resilience is associated with the disaster management of data centres. Data
centres are the most important part of any business due to the presence of
essential and critical data required for the smooth functioning of business
operations. Data resiliency plays a vital role in every business as it protects
the data from being compromised also helps to recover the data if any
disruption in the data centre occurs, which helps in business continuity.
The
recent trend in data resiliency is the use of hybrid clouds for better
resiliency of services. Hybrid clouds make enterprises flexible and fast,
cost-effective, and efficient. Moreover, due to cost effectiveness, small and
medium-sized enterprises and large enterprises are using hybrid cloud for data
resiliency. However, the cost of hybrid cloud is still more than cloud-based
data resiliency which is expected to hinder the growth of hybrid cloud
solutions.
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Segmentation:
Data
resiliency market study aims at different segments on the basis of component,
deployment, organization size, vertical, and region.
By
component, the market is segmented into solutions and services. The solutions
are further segmented into data backup & recovery, data archiving &
e-discovery, disaster recovery and the services are further segmented into
professional services and managed services
By
deployment, the market is segmented into on-cloud, and on-premise, hybrid.
By
organization size, the market is segmented into small medium-sized enterprise
and large enterprise.
By
vertical, the market is segmented into banking and financial services and
insurances, IT & telecommunication, government, healthcare, media and
entertainment and others (education, transportation, logistics, law firms,
hospitality).
Regional Analysis:
The
global market for data resiliency is estimated to grow at a significant rate
during the forecast period from 2018 to 2023. The geographical analysis of data
resiliency market is studied for North America, Europe, Asia-Pacific, and the
rest of the world.
North
America is expected to dominate the data resiliency market due to early
adoption of data resiliency solutions and presence of major key players such as
IBM, CommVault, Veritas Technologies, which provide disaster management and
business continuity solutions for the various large enterprises in this region.
Moreover, North America is among the first adopters of hybrid-based deployment
model for data resiliency which is less expensive than on-premise and provides
faster and efficient recovery time, disaster management and business
continuity. Therefore, North America is expected to show growth in hybrid
cloud-based data resiliency solutions which further drives the growth of data
resiliency market in the North-American region.
Asia-Pacific
is expected to show higher growth rate in data resiliency market due to
increasing adoption of data resiliency solutions by the enterprises to prevent
their business operations from increasing cyber-attacks such as ransomware.
Mainly banking and financial services are adopting data resiliency solutions
due to the presence of critical customer data such as account details,
transaction history, account passwords, credit and debit card details. If such
data is compromised, it can be difficult for organizations to recover in the
market. Therefore, proper disaster management solutions are required to
countermeasure data related threats. MRFR predicts that data resiliency market
is expected to show a higher growth in this region.
Europe
is expected to show growth in the adoption of cloud-based data resiliency
solutions as cyber-attacks are increasing in the region. Cloud-based data
resilience solutions are cost-effective and efficient which further impacts its
adoption in this region. Europe is mainly investing in data resiliency for
banking and financial sector as the European Central Bank (ECB) has issued
specific set of rules and regulations for ensuring a high level of data
resiliency and protection from cyber-attacks, which is expected to drive the
growth of market in this region.
Competitive
Dashboard:
The
key players in the data resiliency market are CommVault (US), Veritas
Technologies (US), IBM (US), Actifio (US), HPE (US), Veeam Software
(Switzerland), Acronis (Switzerland), Asigra (Canada), Carbonite (US), Quest
Software (US), Microsoft (US), Century Link (US), NetApp (US), Unitrend (US),
VMware (US).
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List
of Tables
Table
1 Global Data Resiliency Market, By Region, 2018–2023
Table
2 North America: Data Resiliency Market, By Country, 2018–2023
Table
3 Europe: Data Resiliency Market, By Country, 2018–2023
Table
4 Asia-Pacific: Data Resiliency Market, By Country, 2018–2023
Table
5 Rest Of The World: Data Resiliency Market, By Country, 2018–2023
Table
6 Global Data Resiliency Market, By Component 2018–2023
Table
7 North America: Data Resiliency Market By Component, 2018–2023
Table
8 Europe: Data Resiliency Market By Components, 2018–2023
Table9
Asia-Pacific: Data Resiliency Market By Components,2018–2023
Table10
Rest Of The World: Data Resiliency Market By Component, 2018–2023
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