North America Data Protection And Recovery Solutions Market Size, Share & Trends Analysis Report By Deployment (On-Premise, and Hosted), By Enterprise Size, By Solution, By End Use, By Country and Growth Forecast, 2024 - 2031

North America Data Protection And Recovery Solutions Market Size, Share & Trends Analysis Report By Deployment (On-Premise, and Hosted), By Enterprise Size, By Solution, By End Use, By Country and Growth Forecast, 2024 - 2031

The North America Data Protection And Recovery Solutions Market would witness market growth of 15.1% CAGR during the forecast period (2024-2031).

The US market dominated the North America Data Protection And Recovery Solutions Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,255.3 million by 2031. The Canada market is experiencing a CAGR of 17.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16.6% during (2024 - 2031).

Data has become the backbone of organizations across industries in today's digital age. Whether in banking, healthcare, manufacturing, retail, or IT, enterprises increasingly depend on data for decision-making, customer interactions, and operational efficiency. However, with the surge in digital transformation, businesses face significant data security, storage, and recovery challenges.

The swift escalation of cyber threats and data intrusions has emerged as a principal catalyst for the adoption of these solutions. Cybercriminals are increasingly exhibiting sophistication, utilizing advanced methodologies to penetrate corporate networks and compromise sensitive information. Companies that fail to implement robust data backup and recovery strategies risk significant financial losses, reputational damage, and legal consequences.

The data protection and recovery solutions market is witnessing substantial growth as industries increasingly recognize the need for robust cybersecurity frameworks to safeguard sensitive data. The finance and insurance sectors in the United States are among the most critical industries requiring advanced data protection, as they contributed 8.3% ($1.7 trillion) to the U.S. GDP in 2020. Similarly, in Mexico, the domestic eCommerce sector was valued at $26.2 billion in 2022, marking a 23% increase from 2021, as per the Mexican Online Sales Association. The increasing adoption of digital payment solutions, cloud-based transaction processing, and AI-driven fraud detection systems has driven retailers to invest in real-time data backup, disaster recovery, and cybersecurity frameworks to ensure business continuity and prevent financial losses. Hence, the growing reliance on hybrid cloud environments, AI-driven automation, and managed security services continues to shape the data protection landscape in North America.

Based on Deployment, the market is segmented into On-Premise, and Hosted. Based on Enterprise Size, the market is segmented into Large Enterprise, and Small & Medium Enterprises (SMEs). Based on Solution, the market is segmented into Cloud Platforms, Endpoint Data Protection, Email Protection, Application Recovery Management, and Other Solution. Based on End Use, the market is segmented into BFSI, Healthcare, Government, Retail, Energy & Utilities, Manufacturing, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Microsoft Corporation
• IBM Corporation
• Oracle Corporation
• Hewlett Packard Enterprise Company
• Dell Technologies, Inc.
• Commvault Systems, Inc.
• Acronis International GmbH
• Veritas Technologies LLC (The Carlyle Group)
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Google LLC (Alphabet Inc.)

North America Data Protection And Recovery Solutions Market Report Segmentation

By Deployment

• On-Premise
• Hosted

By Enterprise Size

• Large Enterprise
• Small & Medium Enterprises (SMEs)

By Solution

• Cloud Platforms
• Endpoint Data Protection
• Email Protection
• Application Recovery Management
• Other Solution

By End Use

• BFSI
• Healthcare
• Government
• Retail
• Energy & Utilities
• Manufacturing
• Other End Use

By Country

• US
• Canada
• Mexico
• Rest of North America