Increased Adoption of Digital Storage Device Mainly Propelling the Growth Of Data Recovery Software
According to a new report published by Reports Monitor titled, “Global Data Recovery Software Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Data Recovery Software market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Digital storage has completely taken over and is also considered as standard method of storing data. However, the risk of losing information persists owing to various accidents and problems. According to U.K. statistics released in 2016, shows that most data loss is caused by human error rather than malicious attacks. Data recovery software plays a crucial role in the recovery of deleted or inaccessible data from storage devices.
Data plays an important role in delivering quality insights to the organization, hence contributing in their expansion. The increased dependency on data has raised the need for data security and privacy, hence propelling the market growth. However, increased competition from various open source products is mainly hampering the market growth. Adoption of block chain technology for future data backup is anticipated to generate lucrative market opportunities.
This report provides a detailed analysis of Data Recovery Software market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The global data recovery software is majorly segmented into: component, deployment, platform and end-use. Based on software, market is bifurcated into: data replication, data reduction and data retention, while based on service market is segmented into: professional and managed services. On the basis of deployment, market is bifurcated into: On-premise and cloud based solution. Depending the platform adopted market is bifurcated into: Linux, Windows, Mac and others. The software can be deployed in various industries such as: BFSI, IT and Telecom, Healthcare, Retail, Government and Defense and others.
The global data recovery software is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of major players coupled with adoption of advanced technology in recovery is mainly influencing growth of North American region, while increased adoption of various recovery softwares in commercial sectors is fuelling the growth of Asia Pacific region.
Major key vendors operating in the data recovery software market are: Oracle Corporation (U.S.), IBM Corporation , Dell Inc, CA Technologies , Hewlett Packard Enterprise Development LP , Microsoft Corporation , Commvault , Veritas Technologies LLC , NetApp, Inc, Acronis International GmbH and others.
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