Market Scenario:
The data protection and recovery solution market share projects at a market value of about USD 257.84 Million With during CAGR value of about 15.83% Forecast period till 2022-2030
There are a variety of data protection and recovery solutions available in the market. Some popular ones include:
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Dell Backup and Recovery Solutions : Dell offers a range of solutions to manage information assets easily and cost-effectively.
2 1. Veeam: Veeam provides data protection solutions for cloud , virtual, and physical environments. They offer reliable backup and fast recovery options.
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IBM FlashSystem Cyber Vault : IBM’s Cyber Vault is designed to speed up cyberattack detection and recovery.
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SymQuest’s Data Protection and Data Recovery Solutions : SymQuest provides 24/7 network monitoring and data security, backup, and recovery options.
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Arcserve: Arcserve offers data protection and business continuity solutions for partners that work with customers of all sizes.
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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.
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….
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