The Data Resiliency Market size is estimated at USD 18.65 billion in 2024, and is expected to reach USD 38.12 billion by 2029, growing at a CAGR of 15.38% during the forecast period (2024-2029).
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 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.
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