Rising Need For Data Recovery Fuels The Global Data Resiliency Market

The global data resiliency market is growing rapidly owing to the rising demand for data recovery software platforms. Recovery of data is a crucial aspect of data resiliency. Data resiliency facilitates the continuous availability of data and business applications, even under situations such as power failure, equipment malfunctioning, server overload, power outage, and cyber-attacks. The resiliency enables any data center, server, and storage systems to recover the data quickly and enable the organization to continue its operation. Several ways to attain data resiliency include hardware replication, logical replication, and storage of data in multiple locations.

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Moreover, in case, if the data from any of the location is compromised by any cyber attack, equipment failure, power outage or has become corrupted, the user can have access to the data from a different location that ensures uninterrupted business operations. Additionally, the increasing number of cyberattacks such as ransomware and continuous generation of high volume and high-velocity data from business operations is also creating demand for data resiliency software. Furthermore, an increase in concern related to privacy that is associated with sharing of data with third-party applications and the emerging need for data security along with growing adoption of the cloud-based backup data and recovery solutions are fueling the growth of global data resiliency market. In addition, the adoption of data quality management is an added factor that has escalated the growth of the global market.

New product developments and launches are the key strength of major market players in the global data resiliency industry. To increase the funding for R&D, the key players are adopting different growth strategies such as expansions, agreements, collaborations & partnerships, mergers & acquisitions and product enhancements for increasing their market share in the data resiliency market. For instance, in February 2019, Carbonite has acquired Webroot a prominent company of data security. This acquisition is done to address a top vulnerability of business- the endpoints, through cloud-based cybersecurity, coupled with cloud-based backup and recovery. 

Recent Activities

• There exists an increase in the use of the resiliency orchestration as it automates the data recovery process using a simplified and predictable data resiliency that enables the user to reduce risk, time, and cost of data recovery.
• Companies such as IBM provide resiliency orchestration to simplify disaster recovery management. The advantage of using resiliency orchestration includes the provision of heterogeneous support for a multi-vendor and hybrid environment, automation and acceleration of the disaster recovery process ensures an improved recovery time and facilitates business continuity.
• Acronis (Switzerland) offers scaled disaster recovery-as-a-service (DRaaS) that provides application resilience, data integrity assurance, and multi-cloud orchestration management to organizations. Thus, whenever there exists a need to recover a single file, a database or an entire server, it is possible with just a push-of-a-button using DRaaS.
• Penola Catholic College has implemented the HPE Simplivity to high-resilient, redundant, simplify infrastructure to cater for the 2,000 kids that attend the school, across two campuses.  

Global Data Resiliency Market Segmentation

By Deployment Type

• On-Premises 
• Cloud-Based

By End-Use 

• BFSI 
• Consumer & Retail industry
• IT & Telecommunication
• Healthcare & Life Sciences  
• Others

Global Data Resiliency Market –Region 

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle-East and Africa
• Latin America

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