Data Resiliency Market: Global Industry Analysis and Forecast (2023-2029)

Global Data Resiliency Market size was valued at US$ 23.83 Bn. in 2022 and the total revenue is expected to grow at 19.5% through 2023 to 2029, reaching nearly US$ 82.94 Bn.
Data Resiliency Market Overview:
Resiliency refers to a server's, networks, storage systems, or a data center's capacity to swiftly recover and continue working in the event of an equipment failure, power outage, or other disruption. Data resiliency denotes the intended element of a facility’s architecture, frequently connected with other disaster planning and data centre disaster-recovery factors such as data protection. It ensures that business applications and data are always available, even in the event of a disaster such as an overload, a power loss, or a cyber-attack.

It can be accomplished in a variety of ways, including logical replication, hardware replication, and various data storage locations. If data from one location is lost or corrupted due to a cyber-attack, equipment failure, or power loss, the user can access data from another location, ensuring that company operations are not disrupted.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
The growing number of cyber-attacks, such as ransomware, prohibits access to computer systems and data, driving up the need for data resiliency solutions in businesses, which enable businesses, recover or safeguard data from threats or system crashes. These factors are expected to drive market growth throughout the forecast period. Businesses and government agencies around the world are migrating from test environments to the cloud for more mission-critical workloads and compute instances. Additionally, as IoT, cloud, and big data analytics become more widely adopted as part of digital transformation strategies, the pressure on data centres grows, propelling the market forward.

Data stored on cloud-based systems, such as debit or credit card information, account numbers, and remittance passwords, require strict security and fast backup, which has prompted a surge in demand for data elastic solutions. Data resilience solutions also protect data by detecting unprotected websites where data uploads are dangerous. Due to these major factors, the market is expected to grow during the forecast period.

According to survey, "The State of Enterprise Data Resiliency and Disaster Recovery 2019," more than half of the respondents thought that the company had experienced a disaster recovery event in the previous 24 months. However, ransomware remains the top threat to data security, according to 89 % of IT leaders. The loss of productivity (74%) and the incapacity to manage their firms (65%) were also among the top worries highlighted by IT executives.

Considerably over the past decade, almost every industry in the world has suffered a setback. This can be attributed to major interruptions in their relevant manufacturing and supply chains as a result of numerous precautionary lockdowns and other restrictions implemented by governments across the world. The global Data Resiliency market is no exception. Additionally, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. Over the forecast period, the aforementioned factors are likely to weigh on the global Data Resiliency market's growth trend.

However, the presence of open-source data resiliency competitors, which are less expensive to set up software and solutions, may hamper market growth throughout the forecast period.
Data Resiliency Market Segment Analysis:
Based on the Deployment Mode, the global Data Resiliency market is sub-segmented into Cloud and On-Premises. The On-Premises segment held the largest market share of xx% in 2022. Due to dependable networking connectivity, on-premises data resiliency solutions are fast and have lower latency. Organizations looking for great performance across different types of workloads prefer on-premises implementation.

Also, the Cloud Segment is expected to grow at the highest CAGR of xx% during the forecast period. Large enterprises that operate online benefit from cloud-based technology's greater backup capability. The increasing need to recover backed-up data in an emergency is expected to drive demand for data resiliency solutions, supporting industry development.Based on the Vertical, the global Data Resiliency market is sub-segmented into Public Sector, BFSI, IT & Telecommunication, Government, Manufacturing, Healthcare, and Others. The BFSI segment held the largest market share of xx% in 2022. Because of the huge client base that the financial industry serves and the financial information that is at stake, it has been one of the crucial sectors that have experienced multiple data breaches and cyber-attacks.

In order to preserve their IT processes and systems, protect sensitive customer data, and comply with regulatory requirements, both private and public banking institutions are focusing on adopting the latest technology to avoid these attacks and recover faster. Additionally, as client expectations, technology capabilities, and regulatory duties rise, banking institutions are being pushed to embrace proactive security techniques.
Regional Insights:
North America held the largest market share of 40% in 2022. North America has always been the main hub for all major organizations in the world. The growth of multiple industries and the rapid growth of connected devices are driving the demand for flexible solutions in the region. From individuals to companies to governments, the risk that such attacks may affect the market continues to rise. Therefore, protecting critical data has become very important in this region. According to data from the White House Council of Economic Advisers, the U.S. economy loses about 57 billion to 109 billion U.S. dollars each year due to harmful online activities.

Asia Pacific is expected to grow at the highest CAGR of 21.1% in the global Data Resiliency market during the forecast period. This is due to the increasing use of data resilience solutions to protect and back up critical enterprise data in various verticals such as retail and consumer products, healthcare, IT and telecommunications, and BFSI. The increase in the incidence of cyber-attacks is one of the important reasons for the increasing demand for data resilience solutions in the Asia-Pacific region.

The objective of the report is to present a comprehensive analysis of the global Data Resiliency Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Data Resiliency Market dynamic, structure by analyzing the market segments and project the global Data Resiliency Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Data Resiliency Market make the report investor’s guide.
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Data Resiliency Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 23.83 Bn.


Forecast Period 2023 to 2029 CAGR:
19.5%
Market Size in 2029:
US $ 82.94 Bn.


 Segments Covered:
by Component
Services
Solutions


by Deployment Mode
Cloud
On-Premises


by Organization Size
Small and Medium Enterprises
Large Enterprises


by Vertical
Public Sector
BFSI
IT & Telecommunication
Government
Manufacturing
Healthcare
Others



Data Resiliency Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
Data Resiliency Market Key Players are:
1. Asigra
2. Acronis
3. Carbonite
4. Centurylink
5. CA Technologies
6. IBM
7. Micro Focus
8. Netapp
9. Microsoft
10.Commvault
11.Egenera
12.Veeam Software
13.VMWARE
14.Dell Technologies Inc.
15.Quest Software
16.Unitrends
Frequently Asked Questions:
1] What segments are covered in Data Resiliency Market report?
Ans. The segments covered in Data Resiliency Market report are based on Component, Deployment Mode, Organization Size, and Vertical.

2] Which region is expected to hold the highest share in the Data Resiliency Market?
Ans. North America is expected to hold the highest share in the Data Resiliency Market.

3] What is the market size of Data Resiliency Market by 2029?
Ans. The market size of Data Resiliency Market is expected to reach US $ 82.94 Bn. by 2029.

4] Who are the top key players in the Data Resiliency Market?
Ans. Asigra, Acronis, Carbonite, Centurylink, CA Technologies and IBM are the top key players in the global Data Resiliency Market.

5] What was the market size of Data Resiliency Market in 2022?
Ans. The market size of Data Resiliency Market in 2022 was US $ 23.83 Bn.