Global Data Erasure Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Data Erasure Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Data erasure is a software-based process of securely overwriting digitally stored information with random binary data according to a specified standard, then verifying and certifying that the erasure has been successful. Secure data erasure can occur in both active and inactive environments across a variety of IT assets, such as servers, PCs/laptops, mobile devices, removable media, and loose drives, as well as in large, virtualized data centers and cloud environments.

Market Overview:

The latest research study on the global Data Erasure Solutions market finds that the global Data Erasure Solutions market reached a value of USD 236.73 million in 2022. It’s expected that the market will achieve USD 402.98 million by 2028, exhibiting a CAGR of 9.27% during the forecast period.

Enterprises continue to develop, expand market share

Companies operating in the global data erasure solutions market are increasing efforts to boost their customer base by launching cost-efficient data erasure solutions. Several data erasure solutions providers are using diverse strategies, including mergers, acquisitions, and collaborations with technology partners in order to offer next-gen products. These efforts are also helping market leaders in expanding their regional reach, which, in turn, is driving the data erasure solutions market.

Data erasure solutions are cost effective, environment-friendly, energy efficient

Solid-State Drives and other IT assets can be brute-forced, but due to the way data is stored increasingly densely, intact chips and the data they contain may remain on shattered pieces of hardware. This vulnerability, combined with drive replacement costs, can be expensive for businesses. It's also expensive for the environment. As the green movement grows and global demand for technology soars, there are concerns about the rapid depletion of natural resources by new devices, and a lot of old devices (e-waste) going to landfills. Whereas data erasure provides this security by overwriting the entire drive's data (including HPA/DCO areas and bad sectors), verifying that the data is not recoverable, and providing tamper-proof documentation that the drive has been thoroughly cleaned. The adoption of data erasure solutions is increasing due to various advantages such as environmental friendliness, energy efficiency, and cost-effectiveness.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (34.81% in 2021).

Company Overview:

Blancco Technology Group is one of the major players operating in the Data Erasure Solutions market, holding a share of 19.9% in 2021.

Blancco Technology Group

Blancco Technology Group (AIM: BLTG) provides organizations with secure, compliant, and automated solutions that accelerate the transition to the circular economy. Each year, tens of millions of Blancco erasures allow top-tier organizations to protect end-of-life data against unauthorized access, safely redeploy data storage assets, and firmly comply with increased data protection and privacy requirements. Globally approved, recommended and certified by governing and industry bodies around the world, Blancco is the industry standard in data erasure and mobile lifecycle solutions.

Kroll Ontrack, LLC

Ontrack, a business of KLDiscovery, delivers world-class data recovery, email extraction and restoration, data destruction and tape management. Utilizing the dedication of a strong team of research and development engineers, Ontrack has developed hundreds of proprietary solutions over the past 30 years to recover data from tapes, hard drives, solid state drives, flash media, mobile devices, virtual environments, operating systems and a myriad of other storage devices.

Segmentation Overview:

As for product types, the Software segment held the largest market share in 2021.

Software

Erasure software is an application that implements a software-based method of erasing all the data present on a hard disk drive or any other memory storage device. The erasure software aims to completely destroy all the electronic data permanently.

Hardware

For on-site data erasure in data centers and IT facilities, professional, easy-to-use hardware products have been developed that make erasing data on storage systems simple. This can be applied to mass erase and loose drives.

Service

Providing certified data erasure services, product certification recognizes the effectiveness of a product through independently verified quality and performance testing.

Application Overview:

The market's largest segment by application is the segment Large Enterprises, with a market share of 30.62% in 2021.

Individual

Data erasure solutions can wipe personal data stored on hard drives, computers and mobile phones, ensuring comprehensive security against data leakage and theft.

Small Enterprises (10 to 49 Employees)

The data erasing solution used in small b Enterprises is to provide multiple drives erasing support on the basis of providing individual services.

Medium-sized Enterprises (50 to 249 Employees)

The data-erasing solution used in Medium-sized businesses is to provide wiping drives in RAID mode for redundancy protection on the basis of providing small businesses.

Large Enterprises (Employ 250 or More People)

The data-erasing solution used in Large businesses is to provide support for wiping computers remotely and other customizable planning services on the basis of providing Medium-sized businesses.

Key Companies in the global Data Erasure Solutions market covered in Chapter 3:

Blancco Technology Group
Extreme Protocol Solutions
Certus Software Ltd
Magoshare
Hitachi Vantara
CHG-Meridian
Wipedrive
Kroll Ontrack,LLC
WipeOS
Stellar Information Technology Pvt

In Chapter 4 and Chapter 14.2, on the basis of types, the Data Erasure Solutions market from 2018 to 2029 is primarily split into:

Software
Hardware
Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Data Erasure Solutions market from 2018 to 2029 covers:

Individual
Small Enterprises (10 to 49 Employees)
Medium-sized Enterprises (50 to 249 Employees)
Large Enterprises (Employ 250 or More People)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)