Data Recovery Software Market Research Report- Forecast till 2023
Market Highlights
The rise in dependence of enterprises on cloud storage services is noted as the chief driver for the rise of the data recovery software market. The rise in deployment costs can be a restrain on the market growth. The high usage of computers and other types of storage devices by companies and households can improve the market growth.
Market Research Future (MRFR), in its latest “Data Recovery Software Market” report discuss different parameters influencing the market. The data recovery market 2020 can rise at a high pace. The growing data recovery software industry is likely in the forecast period. The data recovery software market growth depends on numerous factors. North America can secure 12% CAGR across the review period. The data recovery software global market is estimated to touch USD 13 Bn against 12% CAGR by 2023.
A data recovery software can effectively retrieving deleted, inaccessible data, and corrupted data from any stored device, which is having high demand across IT professionals. The rise in need for data recovery from physical storage devices and also from cloud storage can bolster the data recovery market growth. The process of data recovery depends on the device type of the data storage. Data recovery software simplifies complex process that are involved in data from servers.
Reputed players in the market are availing back-up as a service model to their commercial consumers. The recovery process goes through the generation of duplicate data on different servers to safeguard their business continuity, if natural or man-made disasters is to happen.
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Key Players
MRFR listed some top players of the data recovery software global market. They are; IBM Corporation (U.S.), Oracle Corporation (U.S.), CA Technologies (U.S.), Dell Inc. (U.S.), Microsoft Corporation (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Veritas Technologies LLC (U.S.), Commvault (U.S.), Acronis International GmbH (Switzerland), NetApp, Inc.(U.S.), Veeam Software (Switzerland), Unitrends Inc. (U.S.), Altaro (U.S.), Actifio (U.S.), StorageCraft Technology Corporation (U.S.), Micro Focus International plc. (U.K), Carbonite, Inc. (U.S.), Infrascale Inc. (U.S.), and others.
Segmentation:
The world data recovery software market study is based on deployment, component, platform, industry, and application. The component-based segments of the market are software and services. The software segments are data reduction, data replication, and data retention. The services segments of the data recovery market are professional services and managed services. The data recovery software market segments based on deployment are on-cloud and on-premise. The application based segments are commercial and personal. The platform based segments are Linux, Windows, Mac, and others. The data recovery software market segments based on industry are retail, media & entertainment, BFSI, healthcare, IT & Telecom among others.
Regional Analysis
The world data recovery software market regional segments are North America and Europe. Following Asia Pacific and the Rest of the world. North America can holds the major share of the global data recovery market through the review period. The region houses numerous top notch companies and the adoption of modern technologies for recovery solutions can support North America data recovery software market growth. The high availability of reliable backup solutions and recovery software can bolster the market growth. In Asia Pacific, the data recovery market can exhibit high growth rate for the forecast period. The rise of the regional market can primarily be due to the adoption of recovery software by sectors, such as IT and BFSI to protect and backup important data. The rise in various start-ups can results in expansion of the regional market. In addition, the need for data backup facilities can fuel the market in APAC.
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Global Data Recovery Software Market Research Report – By Component (Software, Service), Deployment (On-Premise, On-Cloud), Application (Commercial, Personal), Platform (Windows, Linux, Mac), Industry (Bfsi, Healthcare) – Forecast Till 2023