Data Resiliency

Data Resiliency

Global Data Resiliency Market to Reach US$140.5 Billion by 2030

The global market for Data Resiliency estimated at US$42.3 Billion in the year 2023, is expected to reach US$140.5 Billion by 2030, growing at a CAGR of 18.7% over the analysis period 2023-2030. Data Resiliency Solutions, one of the segments analyzed in the report, is expected to record a 18.3% CAGR and reach US$101.6 Billion by the end of the analysis period. Growth in the Data Resiliency Services segment is estimated at 19.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$11.7 Billion While China is Forecast to Grow at 17.8% CAGR

The Data Resiliency market in the U.S. is estimated at US$11.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$21.1 Billion by the year 2030 trailing a CAGR of 17.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 16.3% and 16.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.

Global Data Resiliency Market - Key Trends and Drivers Summarized

What Is Data Resiliency and Why Is It Crucial for Today`s Businesses?

Data resiliency refers to an organization`s ability to maintain and recover its data operations seamlessly in the event of hardware failure, cyberattacks, or other disruptions. It ensures that data systems can continue to operate under adverse conditions by quickly adapting and restoring critical functions without loss of data. This capability is paramount in today`s digital age, where data is not only a valuable asset but also a critical component of daily operations. Ensuring data resiliency is a core element of risk management and business continuity planning. It involves implementing robust backup systems, disaster recovery solutions, and fail-safe data storage practices to protect against data loss and ensure data integrity. For businesses, data resiliency means not just protecting sensitive and operational data but also ensuring that they can continue to serve their customers and stakeholders without interruption, preserving reputation and trust.

How Does Data Resiliency Support Operational Continuity?

Operational continuity depends significantly on an organization’s ability to manage and mitigate risks associated with data management and infrastructure. Data resiliency supports this by providing systems that are designed to recover quickly from failures, whether they result from natural disasters, technical malfunctions, or malicious attacks. Techniques such as data mirroring, where data is copied in real-time to a secondary location, and the use of hybrid cloud environments, which distribute data across multiple locations, are effective strategies for enhancing data resiliency. These approaches not only minimize the downtime during a data loss event but also help in maintaining a continuous business operation, thereby reducing the potential financial impact associated with system outages or data corruption.

What Are the Key Challenges in Achieving High Levels of Data Resiliency?

Achieving high levels of data resiliency is fraught with challenges, particularly in an era where cyber threats are becoming more sophisticated and the volume of data continues to grow exponentially. One of the primary challenges is ensuring that all potential points of failure are identified and safeguarded, which can be a complex task in large, distributed networks. Additionally, the integration of different technologies, platforms, and legacy systems adds another layer of complexity to maintaining resiliency. These systems often have varying levels of compatibility and may require customized solutions to ensure they contribute effectively to the organization`s overall resiliency strategy. Moreover, as regulations around data privacy tighten globally, organizations must ensure that their data resiliency practices comply with legal standards, adding a regulatory compliance challenge to the technical and strategic aspects of data resiliency.

What Drives the Growth in the Data Resiliency Market?

The growth in the data resiliency market is driven by several factors, starting with the escalating reliance on digital data across all sectors of the economy. As businesses increasingly digitize their operations, the need for robust data protection and disaster recovery solutions becomes essential to safeguard critical business processes. The rise in cyber threats, including ransomware and data breaches, further underscores the importance of investing in data resiliency measures. Additionally, the growth of cloud computing has provided a platform for advanced data resiliency solutions that offer scalability, flexibility, and enhanced protection capabilities. Consumer behavior, especially the growing expectation for constant data availability and the rapid adoption of IoT devices, also propels the demand for more sophisticated data resiliency solutions. Lastly, regulatory pressures compel organizations to maintain stringent data protection standards, which in turn drives the adoption of data resiliency technologies. These technological, economic, and regulatory dynamics collectively fuel the expansion of the data resiliency market, highlighting its critical role in modern business environments.

Select Competitors (Total 14 Featured) -

• Acronis International GmbH
• Asigra, Inc.
• CA Technologies
• Carbonite, Inc.
• CenturyLink, Inc.
• Commvault Systems, Inc.
• IBM Corporation
• Micro Focus International PLC
• Microsoft Corporation
• NetApp, Inc.
• Quest Software, Inc.
• Unitrends
• Veeam Software AG
• Veritas Technologies LLC
• VMware, Inc.

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