Resilience is the capability of a database, storage system, network, or whole data center to rapidly restore and continue to function even when there is any power failure, mechanical failure, or other interruption has occurred. Data resilience can also be defined as a planned part of the facility and is usually linked to other aspects of data center disaster recovery such as data protection. They are usually obtained by using redundant parts, modules, systems or installations. Whenever the main component fails or faces any disruption, these redundant elements smoothly takes over and continues to support user-based computing products.
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The data resiliency market has been segmented based on component, deployment, organization size, and vertical. Based on component, the market has been segmented into solutions and services. The solutions segment of the market has been further classified into data backup & recovery, data archiving & e-discovery, and disaster recovery. The services segment of the market has been classified into professional services and managed services. The professional services in sub segmented as is sub- segmented as implementation & integration services, support & maintenance services, and disaster recovery. Based on deployment, the market has been segmented into on-premises and cloud. The data resiliency market has been segmented based on organization size into large enterprises and small & medium enterprises. Based on vertical, the market has been segmented into BFSI, IT & telecommunication, retail & consumer goods, government, public sector, healthcare, media & entertainment, manufacturing, and others such as law firms, hospitality, education, transportation, and logistics.
“According to Data Bridge Market Research, global data resiliency market is expected to witness healthy CAGR of 18.2% in the forecast period of 2018- 2025”
Some of the major players operating in the global data resiliency unit market Acronis (Switzerland), Asigra Inc. (Canada), CA Technologies (US), Carbonite, Inc. (US), CenturyLink (US), Commvault Systems, Inc. (US), IBM (US), Micro Focus (UK), Microsoft (US), NetApp (US), Quest Software, Inc. (US), Unitrends (US), Veeam Software (Switzerland), Veritas Technologies LLC (US) and VMware (US).
Rising privacy concerns and rising adoption of cloud-based backup data and recovery solutions will accelerate the demand for the market. Increasing demand of the data resiliency from various end users such as healthcare, media and entertainment, BFSI and other is also expected to augment the market growth. Enterprises are having privacy concerns and demand for data security is growing, which is also expected to affect the market positively.
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Global Data Resiliency Market – Industry Trends and Forecast to 2027