DUBLIN–(BUSINESS WIRE)–The “Data Resiliency Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The Data Resiliency Market is expected to register a CAGR of 16.5% during the forecast period (2020 – 2025)
With the rapidly increasing penetration of the internet among developed and developing countries, also the expanding wireless network for all the mobile devices has primarily increased the vulnerability of data, which is expected to make data resiliency an essential and integral part of every single organization across the globe.
The previous year has seen a rapid increase in the number of cyberattacks. This has forced companies to adopt security-first thinking. The service providers are now putting much more effort in order to secure the service infrastructure of their clients. The solutions are not only about having a security solution in place but also the ability to defend and recover fast against any type of attack.
Enterprises and government organizations across the globe are moving from test environments to placing more of their work-critical workloads and compute instances into the cloud. Further, owing to the rapidly increasing adoption of IoT, cloud, and big data analytics across multiple organizations as a major part of their digital transformation strategy, the burden on the data centers is also increasing leading to the growth of the market.
According to Datrium Inc. report, “The State of Enterprise Data Resiliency and Disaster Recovery 2019, more than 50% of the respondents indicated that their organization experienced a DR event in the past 24 months. Moreover, 89% of the IT leaders reported that ransomware is the major threat to organizations’ data security. The IT leaders also expressed that their top concerns regarding this was the loss of productivity (74%) and the inability to operate their businesses (65%) under these circumstances.
Whether on-premise, public, private, or a hybrid model, the move towards a multi-cloud architecture is increasingly becoming popular. A research from Teradici Corporation has revealed that more than half of the IT professionals are currently operating in a multi-cloud environment, with almost one in every ten using five or more clouds within their organizations.
Various enterprises across the globe are currently focused on managing the impact of the coronavirus pandemic and are looking at newer and robust practices in order to help ensure their business resiliency now and during any other future disruptive events. A proactive business continuity and resiliency strategy is becoming very crucial to enable digital businesses, which primarily requires building a robust resiliency into the infrastructure, while reducing downtime and associated costs.
Competitive Landscape
The Data Resiliency Market is highly competitive owing to the presence of multiple vendors in the market providing services to domestic and international markets. The market appears to be moderately concentrated with players adopting strategies such as product innovation, mergers, and acquisitions, strategic partnerships in order to expand their reach and stay competitive in the market.
Some of the players in the market are IBM Corporation, Microsoft Corporation, NetApp, Inc., among others.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rapid Growth in Data being Generated from Multiple Sources
4.2.2 Increasing Privacy Concerns and Rising Need for Data Security
4.3 Market Restraints
4.3.1 Availability of open-source alternatives
4.4 Porters 5 Force Analysis
5 MARKET SEGMENTATION
5.1 By Deployment
5.1.1 On-premise
5.1.2 Cloud
5.2 By End-user Vertical
5.2.1 BFSI
5.2.2 IT & Telecommunication
5.2.3 Government
5.2.4 Manufacturing
5.2.5 Healthcare
5.2.6 Other End-user Vertical
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Acronis International GmbH
6.1.2 Asigra Inc.
6.1.3 Carbonite, Inc. (OpenText Corporation)
6.1.4 CenturyLink, Inc.
6.1.5 Commvault Systems, Inc.
6.1.6 IBM Corporation
6.1.7 Microsoft Corporation
6.1.8 NetApp, Inc.
6.1.9 Veritas Technologies LLC
6.1.10 VMware, Inc. (Dell Technologies Inc.)
6.1.11 Micro Focus International plc
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/lx3m4a