Market Highlights: —
Data recovery is the process of recovering data from the storage devices which is lost due to deleting or file corruption or hacking. The data loss can be due to logical failure or physical failure. In the case of logical failure, the files cannot be accessed even though they are visible in disk manager. This type of data can be recovered easily by restoring the device functions. Whereas, in the case of physical failure, the storage device gets damaged permanently, in which only the data can be restored through data replication.
Although, a data recovery software helps in retrieving the deleted, corrupted or inaccessible data from a stored device. The software is mostly used by IT professionals to recover the data from physical storage devices and cloud storage, by referring and accessing the file structures. The data recovery process depends on the type of device in which the data is stored. The files present in hardware devices can be restored within the device itself, whereas the data from servers involve a set of complex processes. Major key players in this market are offering back-up as a service model to the commercial customers. The recovery process undergoes the creation of duplicate data on various servers to safeguard business continuity in case of natural or man-made disasters.
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Some of the major players in the global data recovery software market are Oracle Corporation (U.S.), IBM Corporation (U.S.), Dell Inc. (U.S.), CA Technologies (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Microsoft Corporation (U.S.), Commvault (U.S.), Veritas Technologies LLC (U.S.), NetApp, Inc.(U.S.), Acronis International GmbH (Switzerland) and others.
Some of the key innovators are Unitrends Inc. (U.S.), Veeam Software (Switzerland), Actifio (U.S.), Altaro (U.S.), Micro Focus International plc. (U.K), StorageCraft Technology Corporation (U.S.), Infrascale Inc. (U.S.), Carbonite, Inc. (U.S.) and others.
According to MRFR, the Global Data Recovery Software Market is estimated to reach USD 13 billion at CAGR 12% through the forecast period 2023.
The global data recovery software market is studied for North America, Europe, Asia Pacific and Rest of the world. North America holds a major market share for global data recovery software market and is expected to continue through the forecast period. The presence of key players in the region and adoption of advanced technologies in recovery solutions are supporting the market growth. Availability of reliable backup and recovery software in the region are supporting the market growth. Asia Pacific is expected to show high growth rate during the forecast period. The growth is primarily driven by adoption of recovery software in sectors like BFSI and IT to backup and protect their important data. The rise of various start-ups in the region results in the addition of data thereby requiring backup facilities which are fuelling the market.
The global data recovery software market is segmented into component, deployment, application, platform, industry, and region. On the basis of the component, the market is further classified into software and services. The software can be further segmented into data replication, data reduction, and data retention. Data replication involves the copying of data in from a computer to a distributed database which can be retrieved later. Data reduction is the process of reducing the amount of data that is being stored in the database. The data reduction uses different technologies like data deduplication and data compression, archiving data and others. The data deduplication removes the duplicate data present in the database thereby creating more space for storage and blocks for further modifications by unauthorized user. Data compression helps in reducing the size of a file by running algorithms to eliminate redundant data.
On the basis of the platform, the market is segmented into windows, Linux, Mac, and others. Among these, the windows are expected to hold major market share during the forecast period. The deployment of data recovery software in the cloud encourages the enterprises, to adopt flexible pricing on pay per usage basis. The demand for reliable data recovery solutions is influencing the digital transformation across several verticals of the organization. The adoption of cloud provides an opportunity for market growth. Since data recovery software is built on the open platform; there is intense competition among the providers which would be a major challenge for the global data recovery software market.
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• Data backup and recovery solution providers
• System integrators
• Consultancy firms
• Managed service providers
• Data security providers
• Government Agencies
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Name: Abhishek sawant
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Release ID: 396938