Data Protection And Recovery Solutions Market Analysis Report By Solution, By Deployment, By Enterprise Size, By End-Use, By Region And Segment Forecasts From 2018 To 2025

Industry Insights

The data protection and recovery solutions market size across the globe was valued at USD 4.70 Billion in 2016. It is also expected to register significant growth during the forecasted years, 2017 to 2025. This growth can be attributed to the increasing dependency on applications of enterprise software prevailing among several organizations like email and customer relationship management.

Also, the rising usage of cloud storage owing to features like reduced storage, operational costs, increased reliability, and timely backup facilities. Thus, such advantages are anticipated to drive the need for data recovery solutions, backup, and protection across the globe. Moreover, the reduced chances of data leakage, cyber-attacks, and security breaches are further expected to drive market growth in the upcoming years.

The rising issues like ransomware, cyber-attacks and hacking of confidential information are expected to fuel up the adaptation of such data protection solutions.  For example, a ransomware named WannaCry impacted several public and private organizations across the globe in May 2017.

The market across the Asia Pacific region is expected to grow substantially in the upcoming years owing to the rapid advances being made in terms of technology as compared to the European and North American markets. Also, the rising scalability, uniformity, and flexibility of such solutions are further anticipated to grow in the upcoming years.

Solution Insights

In 2016, the segment of email protection held the largest share across the global data protection and recovery solution market and generated revenue of USD 1.82 Billion. This has become possible as email is being considered as one of the major repository sources for a huge amount of data. Thus, the key organizations are implementing several security solutions to safeguard their internal information from threats.

On the other hand, the cloud platform segment is expected to register the highest growth rate in the upcoming years. This can be associated with its benefits like cost-effectiveness, reduced risks, and sustainable and secured data storage. Also, their ability for handling huge amounts of undifferentiated data coupled with the ability for building protection products is further expected to drive market growth in the upcoming years.

Deployment Insights

The segment of cloud deployment is expected to register the fastest growth in the upcoming years. It is anticipated to register a 15.1% CAGR during the forecasted years. This can be associated with its features like flexibility, enhanced data accessibility, and improved management.

It also helps in reducing the time consumed while performing tasks like gaining access and restoration of the information. Moreover, their enhanced ability for handling and protecting a large amount of information and data coupled with the benefit of remotely storing the data is anticipated to fuel up the demand for such solutions in the upcoming years.

Several organizations across segments like manufacturing, BFSI, healthcare, government, retail industries, and energy and utilities have started investing in development for such security solutions that are cloud-based systems. This can be associated with the rising incidents of hacking and cyber-attacks across their internal servers and systems.

Enterprise size Insights

In 2016, the segment of large enterprises dominated the global market. On the other hand, the segment of small and medium enterprises is projected to grow at the highest rate of 15.2% CAGR during the forecasted years, 2017 to 2025. This can be attributed to the rising concerns about cyber-attacks and data leakage prevailing among SME clients.

These SMEs are much more concerned about the issues arising in securing the data in a structured manner. Thus, several SMEs have started adopting advanced solutions and tools for avoiding security breaches. Also, the rising awareness about the benefits of cloud platforms across the globe is expected to drive the data protection & recovery solution market growth in the upcoming years.

End-use Insights

The end-user segment of healthcare is expected to grow at the fastest growth rate in the upcoming years. It is also expected to witness a 16.4% CAGR during the forecasted years. This growth can be associated with the rising focus of the key providers across the healthcare industry for enhancing their patient’s care and managing the huge volume of the desired information.

Also, the increasing quantity of electronic health records of the patients has paved the way for the usage of data protection enterprise products. Such products help in maintaining, scaling, and protecting confidential information about the patient’s health. Several compliance mandates being imposed for security purposes are also expected to drive the demand for data protection and recovery solutions across the globe.

Regional Insights

In 2016, North America held a significant share across the global market. It is anticipated to generate USD 4.64 Billion as revenue by 2025. This growth can be associated with the rising number of information loss and hacking incidents prevailing among key organizations that are compelling them to adopt several security products. For example, several hacking incidents like information loss and data leakage have been witnessed across the U.S. power grids, water pipelines, and oil industries. Thus, the governing authorities have started implementing strategies for ensuring data security.

The region of Asia Pacific is expected to register the highest growth with 18.6%CAGR during the forecasted period. This can be attributed to the rising adoption of managed and hosted services across developing countries like China, Australia, and India. As such services are at high risk of data and information loss, the need for such solutions is expected to boost in the upcoming years.

COVID-19 Impact Insights

The COVID-19 pandemic has boosted the growth of the global data protection and recovery solution market. Travel restrictions and lockdown imposition have urged several organizations to implement work from home policies for safeguarding their employees. Thus, the chance of data leakage and security breaches have increased significantly, which is expected to trigger the demand for data protection & recovery solutions. Moreover, factors like an increase in unemployment and economic instability are expected to increase the number of cybercrimes and cyber-attacks in the upcoming years. Also, exponential growth in data generation is projected to propel the market growth for such solutions in the post-pandemic period.

Data Protection and Recovery Solutions Market Share Insights

The key players in the market are EMC Corporation, Commvault, Acronis, IBM Corporation, Actifio, and United. These players hold a significant share across the global market. They are engaged in implementing several marketing strategies like acquisitions and partnerships to gain a competitive advantage over other players.

This market is competitive and fragmented due to the rapid technological advances being made across the globe. Several players have started offering information and data management solutions with the usage of their capabilities and resources. Moreover, the expansion of the product portfolio is also being carried out by these manufacturers.

These players are also engaged in establishing cooperative relationships by collaborations and alliances with other players to penetrate deeper into the emerging markets. Also, several system developers and application vendors have started launching handy functionalities like other software similarities.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2014 to 2025 in each of the sub-segments. For this study, Million Insights has segmented the global data protection and recovery solutions market report based on solutions, deployment, enterprise sizes, end-uses, and regions:

• Solution Scope (Revenue, USD Billion; 2014 - 2025)
    • Email Protection
    • Endpoint Data Protection
    • Application Recovery Management
    • Cloud Platforms
    • Others

• Deployment Scope (Revenue, USD Billion; 2014 - 2025)
    • Cloud
    • On-premise

• Enterprise Size Outlook (Revenue, USD Billion; 2014 - 2025)
    • Large Enterprise
    • Small & Medium Enterprise

• End-use Outlook (Revenue, USD Billion; 2014 - 2025)
    • BFSI
    • Energy & Utilities
    • Government
    • Healthcare
    • Manufacturing
    • Retail
    • Others

• Regional Outlook (Revenue, USD Billion; 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)