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The data resiliency market share is expected to increase to USD 18.29 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.1%. This data resiliency market research report extensively covers data resiliency market segmentation by deployment (on-premises and cloud) and geography (North America, APAC, Europe, South America, and Middle East and Africa).
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The data resiliency market report also offers information on several market vendors, including Acronis International GmbH, Amazon.com Inc., Arcserve Inc., Asigra Inc., Broadcom Inc., Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Lumen Technologies Inc., Micro Focus International Plc, Microsoft Corp., NetApp Inc., Open Text Corp., Rubrik Inc., Quest Software Inc., Unitrends Inc., Veeam Software Group GmbH, Veritas Technologies LLC, and VMware Inc. among others.
The massive growth in data generated from varied sources is notably driving the data resiliency market growth, although factors such as availability of open-source alternatives may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the data resiliency industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Data Resiliency Market Driver
One of the key factors driving the global data resiliency industry growth is the massive growth in data generated from varied sources, such as the Internet, mobile devices, enterprises, and emerging technologies like IoT. Data has moved across numerous sites, including servers, virtual machines, mobile devices, and applications, due to the growing popularity of cloud computing and EDGE networks. To prevent data loss or misuse, information must be secured and backed up. Data resiliency solutions allow large volumes of data to be handled across multiple environments. For comprehensive data resiliency and business continuity, these solutions can also provide data backup and recovery and disaster recovery services to users. Thus, such factors are expected to drive the growth of the market in focus during the forecast period.
Key Data Resiliency Market Trend
Rising attractiveness of blockchain solutions is one of the key data resiliency market trends that is expected to impact the industry positively in the forecast period. The data and transactions are processed using blockchain technology to establish a unique signature that is confirmed by consensus rules. Vendors can supply backup data to consumers on local drives or in the cloud by combining blockchain-based data verification technology with data resiliency solutions such as data backup and recovery. It also adds authenticity to both personal and professional data. Moreover, the users are protected from cyberattacks in the cloud due to the need for blockchain-based verification. Thus, the adoption of blockchain solutions is expected to increase, which, in turn, will support market growth in the coming years.
Key Data Resiliency Market Challenge
One of the key challenges to the global data resiliency industry growth is the availability of open-source alternatives, such as Recuva. It is instrumental in superior file recovery and advanced deep scan mode. Similarly, TestDisk allows users to rebuild the boot sector and is available freely over all major platforms such as Microsoft Windows and Mac OS X. The presence of such open-source and economical solutions in the market is restraining the demand for data resiliency solutions. Furthermore, SMEs have budget constraints due to which they prefer to adopt open-source data resiliency solutions. The availability of open-source alternatives of data resiliency due to their low cost of installation of software and solutions might limit the growth of the market in focus during the forecast period.
This data resiliency market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the data resiliency market encompasses successful business strategies deployed by the key vendors. The data resiliency market is fragmented and the vendors are deploying growth strategies such as Product launches and exhaustive R&D activities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The data resiliency market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the data resiliency market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Technavio categorizes the global data resiliency market as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the data resiliency market during the forecast period.
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35% of the market's growth will originate from North America during the forecast period. The US is the key market for data resiliency in North America. Market growth in this region will be faster than the growth of the market in APAC.
The rapid growth of different industries and connected devices and the focus of vendors to expand their product portfolio with cutting-edge and technologically advanced options will facilitate the data resiliency market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the regional data resiliency market witnessed a slowdown due to the outbreak of COVID-19. The US has been the most affected country globally by the pandemic. Many industries were adversely affected by the outbreak. However, by 2021, the demand for data resiliency solutions rebounded with the resumption of end-user activities due to the initiation of large-scale vaccination drives in the region. These factors are expected to drive the growth of the regional data resiliency market during the forecast period.
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The data resiliency market share growth by the on-premises segment will be significant during the forecast period. Because the cost of not sustaining vital computing services is often higher during a prolonged service outage, organizations with mission-critical workloads will employ more resiliency techniques at more levels inside the data center in the coming years. Hence, the demand for on-premises data resiliency solutions is expected to increase, which will support the market growth through this sgment in the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the data resiliency market size and actionable market insights on post COVID-19 impact on each segment.
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Data Resiliency Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.1% |
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Market growth 2022-2026 |
$ 18.29 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
15.58 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Acronis International GmbH, Amazon.com Inc., Arcserve Inc., Asigra Inc., Broadcom Inc., Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Lumen Technologies Inc., Micro Focus International Plc, Microsoft Corp., NetApp Inc., Open Text Corp., Rubrik Inc., Quest Software Inc., Unitrends Inc., Veeam Software Group GmbH, Veritas Technologies LLC, and VMware Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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