DUBLIN--(BUSINESS WIRE)--The "Data Resiliency - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Data Resiliency was estimated at US$42.3 Billion in 2023 and is projected to reach US$140.5 Billion by 2030, growing at a CAGR of 18.7% from 2023 to 2030.
Operational continuity depends significantly on an organization's ability to manage and mitigate risks associated with data management and infrastructure. Data resiliency supports this by providing systems that are designed to recover quickly from failures, whether they result from natural disasters, technical malfunctions, or malicious attacks. Techniques such as data mirroring, where data is copied in real-time to a secondary location, and the use of hybrid cloud environments, which distribute data across multiple locations, are effective strategies for enhancing data resiliency. These approaches not only minimize the downtime during a data loss event but also help in maintaining a continuous business operation, thereby reducing the potential financial impact associated with system outages or data corruption.
What Are the Key Challenges in Achieving High Levels of Data Resiliency?
Achieving high levels of data resiliency is fraught with challenges, particularly in an era where cyber threats are becoming more sophisticated and the volume of data continues to grow exponentially. One of the primary challenges is ensuring that all potential points of failure are identified and safeguarded, which can be a complex task in large, distributed networks. Additionally, the integration of different technologies, platforms, and legacy systems adds another layer of complexity to maintaining resiliency.
These systems often have varying levels of compatibility and may require customized solutions to ensure they contribute effectively to the organization's overall resiliency strategy. Moreover, as regulations around data privacy tighten globally, organizations must ensure that their data resiliency practices comply with legal standards, adding a regulatory compliance challenge to the technical and strategic aspects of data resiliency.
What Drives the Growth in the Data Resiliency Market?
The growth in the data resiliency market is driven by several factors, starting with the escalating reliance on digital data across all sectors of the economy. As businesses increasingly digitize their operations, the need for robust data protection and disaster recovery solutions becomes essential to safeguard critical business processes. The rise in cyber threats, including ransomware and data breaches, further underscores the importance of investing in data resiliency measures.
Additionally, the growth of cloud computing has provided a platform for advanced data resiliency solutions that offer scalability, flexibility, and enhanced protection capabilities. Consumer behavior, especially the growing expectation for constant data availability and the rapid adoption of IoT devices, also propels the demand for more sophisticated data resiliency solutions. Lastly, regulatory pressures compel organizations to maintain stringent data protection standards, which in turn drives the adoption of data resiliency technologies. These technological, economic, and regulatory dynamics collectively fuel the expansion of the data resiliency market, highlighting its critical role in modern business environments.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Data Resiliency Solutions segment, which is expected to reach US$101.6 Billion by 2030 with a CAGR of a 18.3%. The Data Resiliency Services segment is also set to grow at 19.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $11.7 Billion in 2023, and China, forecasted to grow at an impressive 17.8% CAGR to reach $21.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Data Resiliency Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Data Resiliency Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Data Resiliency Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Acronis International GmbH, Asigra, Inc., CA Technologies, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 182 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $42.3 Billion |
| Forecasted Market Value (USD) by 2030 | $140.5 Billion |
| Compound Annual Growth Rate | 18.7% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Data Resiliency - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Rising Concerns Over Data Security and Disaster Recovery Drive Data Resiliency Market
- Increasing Volume of Business Data Across Verticals Spurs Need for Resilience Solutions
- Growth in Data Center Investments Bolsters Implementation of Resilience Strategies
- Increasing Threats of Cyber Attacks Spur Investments in Resilient Infrastructure
- Growing Importance of Business Continuity Planning in Uncertain Economic Times
- Enhancements in Encryption and Data Protection Techniques for Resiliency
- Increasing Use of Blockchain for Enhanced Data Resiliency and Security
- Growth in IoT and Edge Computing Spurs Need for Distributed Data Resilience Solutions
- Adoption of Data Resiliency in Healthcare for Regulatory and Patient Data Protection
FOCUS ON SELECT PLAYERS (Total 14 Featured):
- Acronis International
- Asigra, Inc.
- CA Technologies
- Carbonite, Inc.
- CenturyLink, Inc.
- Commvault Systems, Inc.
- IBM Corporation
- Micro Focus International
- Microsoft Corporation
- NetApp, Inc.
- Quest Software, Inc.
- Unitrends
- Veeam Software
- Veritas Technologies
- VMware, Inc.
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