Market Scenario:
The global data protection and recovery solution market
is estimated to reach approximately USD 12 billion by 2023 expanding at a CAGR
of 12% during the forecast period of 2018-2023.
The data protection and recovery solution market
2020 is estimated to grow owing to the increasing cyber-attacks cases, increasing
demand to cut down the operational costs, and data safety concerns. Data
protection and recovery solution have utilization in several verticals such as
energy and power, IT and telecom, defines, healthcare, and e-commerce. The
multitier, flexible architecture promises virtual absolute expansion,
consolidated management, and end-to-end data protection and data protection for
heterogeneous technologies.
Novel
coronavirus has Data
Protection and Recovery Solution Industry to open new avenues for those firms
that are on the lookout for solutions that are reliable, efficiently managed,
scalable, and are subscription-based, to remain more focused on the core
business. The Global Data Protection & Recovery Solution Market is bearing
lesser impact of the COVID-19 outbreak compared to most other segments of the
tech world.
In
a nutshell, COVID-19 impact on managed services has been fruitful, with the
market growth enhanced than before. Given the prevalent lockdown situation,
managed services vendors are now investing heavily in remote-centric worker
solutions, which can make the market highly resilient in the coming years, even
as the world is currently rushing to achieve a COVID-19 breakthrough.
In today’s era, data has become the most valuable
asset for every organization. Protecting it from the public domain is of huge
importance and hence, data protection and recovery solution system market is
propelling. Data protection and recovery solution assure an uninterrupted
business functioning in case of unforeseen incidents. The solution assists in
keeping the data more intact and confidential. A data protected backup
appliance assists indirect control over the recovery of data and the backup. It
assists in creating application-specific data protection strategies to meet the
demands of the organization using the familiar RMAN utilities and interface. It
helps in improving the output and saves time for backup administrators to focus
on strategic initiatives.
Request
a Free Sample @ https://www.marketresearchfuture.com/sample_request/6108
Competitive Outlook:
Some
of the eminent players of data protection and recovery market consists of NetApp (U.S),
Acronis International GmbH (Switzerland), IBM (U.S), CA Technologies (U.S),
Oracle (U.S), Symantec (U.S), Hewlett Packard (U.S), Veeam Software (U.S),
McAfee (U.S), Commvault(U.S), and others.
Other key players
include Quantum Corporation (U.S), Arcserve (U.S), Unitrend (U.S) among
others. The players invest a significant amount in research and development
programs. The innovative initiatives are taken to present cost-effective
offerings. These initiatives have helped the market to grow more competitive.
Segmentation:
The
data protection and recovery market are segmented on the basis of component,
deployment, organization and vertical.
Based
on components, the market is segmented into solutions and services. The
solution is further divided into identity and access management, data backup
and recovery, data archiving and e-discovery, data loss prevention, disaster
recovery, tokenization, encryption. Service is further divided into managed
services and professional services.
On
the basis of deployment, the market is classified into on-cloud and
on-premises.
Based
on organization size, the market is divided into small and medium enterprises
and large enterprises.
Based
on vertical, the market is divided into retail, banking, financial services and
insurance (BFSI), government, IT and telecom, and others.
Regional Analysis:
The global market for
data protection and recovery solutions is anticipated to expand at a
significant rate during the forecast period from 2018-2023. The regional study
of data protection and recovery solution market is performed for regions such
as Asia-Pacific, Europe, North America and the Rest of the world.
Asia-Pacific is
anticipated to expand at a faster rate owing to the higher number of adoptions
of cloud-based technologies and services. With the adoption of managed services
in the developing economies are India, Japan and China, the data protection and
recovery solution is anticipated to grow with the maximum CAGR.
The North American
market is estimated to lead the data protection and recovery solution market
during the forecast tenure due to the company’s interest shifting towards
updated, upgraded and modern technologies with the rising in the adoption of
digital business strategies. With the presence of major players like CA
Technologies (U.S), IBM (U.S), Symantec (U.S), Oracle (U.S), McAfee (U.S),
Hewlett Packard (U.S), Commvault (U.S), Veeam Software (U.S), and few others
fuel the market to grow at a faster pace.
Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
Browse
Full Report Details @ https://www.marketresearchfuture.com/reports/data-protection-recovery-solution-market-6108
List of Tables
Table 1 Data Protection
And Recovery Solution Market: By Region, 2020-2027
Table 2 North America
Data Protection And Recovery Solution Market: By Country, 2020-2027
Table 3 Europe Data
Protection And Recovery Solution Market: By Country, 2020-2027
Continued…
List of Figures
FIGURE 1 Global Data
Protection And Recovery Solution Market Segmentation
FIGURE 2 Forecast
Methodology
FIGURE 3 Porter’s Five
Forces Analysis Of Global Data Protection And Recovery Solution Market
Continued…
Read More: https://www.evernote.com/shard/s663/sh/f6e21626-5d76-05da-beb8-2273cbd0306c/1b96b1182544d9fcb7555e18cc5169c9
Read More: https://telegra.ph/HPDA-Market-High-Performance-Data-Analytics--Growth-of-Company-market-overview-to-Uptick-During-Status-Expansion-Projected-and-F-07-06
About Market Research Future:
Market Research Future
(MRFR) has created a niche in the world of market research. It is counted among
the top market research companies that offer well-researched and updated market
research reports and insights to businesses of all sizes. What sets us apart is
our super-responsive team that offers quality work keeping clients abridged of
the prospective challenges and opportunities in various markets. Our team is
adept in their space as well as patiently listens to every client.
Contact:
Market Research Future
Office No. 524/528,
Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email:
sales@marketresearchfuture.com
Comments
Post a Comment