Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 26.58 Billion | USD 102.91 Billion | 16.23% | 2023 |
Zion Market Research has published a report on the global Data Resiliency Market, estimating its value at USD 26.58 Billion in 2023, with projections indicating that it will reach USD 102.91 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 16.23% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Data Resiliency industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Data resilience means the access to data required in the manufacturing environment. As per IBM, there are various techniques addressing data resilience needs that are either disk replicate or software replicate. Firms are implementing data resilience services for resolving complexities for ensuring proficient cost optimization of its business processes. Apart from this, blockchain services are predicted to generate huge growth avenues for the market players in the foreseeable future.
Moreover, data resiliency can be achieved through the use of redundant parts, systems, and sub-systems. Data resilience helps in providing security to account numbers, debit cards or credit cards, and transaction passwords. The players in the data resiliency business assist BFSI firms for providing backup and recovering data for maintaining continuity in business.
Each firm witnesses huge data growth and as this data is produced through various sources it needs to be monitored effectively and is required to be secured. This is likely to steer the market trends. In addition to this, a prominent surge in acceptance of cloud-based data recovery services as a result of its secured, scalable, and flexibility features will embellish the business landscape over the forecasting timeline. Apparently, large-scale acceptance of data quality management services is likely to augment the expansion of data resiliency industry over the forthcoming years. Nevertheless, easy availability of open source substitutes and handling of unorganized data can pose a challenge to the market growth in the forthcoming years. Additionally, low level of awareness about data resilient solutions among small-sized firms will decimate market size over the years ahead.
Report Attributes | Report Details |
---|---|
Report Name | Data Resiliency Market |
Market Size in 2023 | USD 26.58 Billion |
Market Forecast in 2032 | USD 102.91 Billion |
Growth Rate | CAGR of 16.23% |
Number of Pages | 110 |
Key Companies Covered | Microsoft, Asigra Inc., Acronis, Carbonite, Inc., Unitrends, Veeam Software, CA Technologies, Quest Software, Inc., Commvault Systems, Inc., CenturyLink, Micro Focus, IBM, NetApp, Veritas Technologies LLC, and VMware |
Segments Covered | By Component, By Deployment, By Organization Size, By Vertical And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific Market To Experience Lucrative Growth By 2032
The growth of the market in the region over the forecast timespan is owing to massive utilization of data resiliency solutions in IT & telecom, consumer goods, BFSI, retail, and BFSI sectors. Apparently, many of the industry giants have set up their bases in the countries like India, Taiwan, Japan, Singapore, and China and this will steer the growth of the market in the region over the forecast timeline. Countries like Japan, China, and India are anticipated to make major contributions towards the market earnings in the ensuing years.
Key participants profiled in the report and leveraging the business growth include
By Component:
By Deployment:
By Organization Size:
By Vertical:
By Region
FrequentlyAsked Questions
Each firm witnesses huge data growth and as this data is produced through various sources it needs to be monitored effectively and is required to be secured. This is likely to steer the market trends. In addition to this, a prominent surge in acceptance of cloud-based data recovery services as a result of its secured, scalable, and flexibility features will embellish the business landscape over the forecasting timeline. Apparently, large-scale acceptance of data quality management services is likely to augment the expansion of data resiliency industry over the forthcoming years.
According to Zion market research, the global Data Resiliency Market, estimating its value at USD 26.58 Billion in 2023, with projections indicating that it will reach USD 102.91 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 16.23% over the forecast period 2024-2032.
Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The surge in the expansion of market in the sub-continent over the estimated timespan is credited to massive utilization of data resiliency solutions in IT & telecom, consumer goods, BFSI, retail, and BFSI sectors. Apparently, many of the industry giants have set up their bases in the countries like India, Taiwan, Japan, Singapore, and China and this will steer the growth of the market in the region over the forecast timeline.
The key players profiled in the report include Microsoft, Asigra Inc., Acronis, Carbonite, Inc., Unitrends, Veeam Software, CA Technologies, Quest Software, Inc., Commvault Systems, Inc., CenturyLink, Micro Focus, IBM, NetApp, Veritas Technologies LLC, and VMware.
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