HOME Top Market Reports Data Resiliency Market by Component (Solutions (Data Backup & Recovery, Data Archiving & E-Discovery, Disaster Recovery), Services (Professional Services & Managed Services)), Deployment, Organization Size, Vertical, and Region - Global Forecast to 2023

Data Resiliency Market by Component (Solutions (Data Backup & Recovery, Data Archiving & E-Discovery, Disaster Recovery), Services (Professional Services & Managed Services)), Deployment, Organization Size, Vertical, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: TC 6180

 

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The data resiliency market was valued at USD 10.26 Billion in 2017 and is projected to reach USD 27.63 Billion by 2023, at a CAGR of 18.8% during the forecast period from 2018 to 2023. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

Objectives of the Study:

  • To define, describe, and forecast the market based on component, organization size, deployment, vertical, and region
  • To forecast the size of the market and its segments in 5 main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze micromarkets with respect to individual growth trends and their contribution towards the overall market
  • To analyze the degree of competition in the market by identifying various parameters of the key players
  • To profile the key players operating in the market and comprehensively analyze their core competencies
  • To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies to track and analyze competitive developments such as expansions; agreements, collaborations, and partnerships; acquisitions; and new product launches and product enhancements

The research methodology used to estimate and forecast the size of the data resiliency market began with obtaining data from revenues of key vendors through secondary sources such as annual reports, white papers, certified publications, databases such as Factiva and Hoovers, press releases, and investor presentations of vendors of data resiliency solutions, articles from the recognized industry associations, statistics bureaus, and government publishing sources. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the market from the revenues of the key market players. After arriving at the overall size of the market, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key individuals such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments.

The breakdown of profiles of primary participants is depicted in the figure below:

Data Resiliency Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the data resiliency market includes key players such as 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).

Key Target Audience

  • Data Resiliency Solution Providers
  • Data Backup and Recovery Solution Providers
  • Managed Service Providers
  • System Integrators
  • IT Infrastructure Managers
  • Third-party Service Providers
  • Technology Providers

Scope of the Report

The research report categorizes the data resiliency market to forecast the revenues and analyze the trends in each of the following subsegments:

Market by Component

  • Solutions
    • Data Backup & Recovery
    • Data Archiving & e-Discovery
    • Disaster Recovery
  • Services
    • Professional Services
      • Implementation & Integration Services
      • Support & Maintenance Services
      • Disaster Recovery
    • Managed Services

Market by Deployment

  • On-premises
  • Cloud

Market by Organization Size

  • Large Enterprises
  • Small & Medium Enterprises

Market by Vertical

  • BFSI
  • IT & Telecommunication
  • Retail & Consumer Goods
  • Government
  • Public Sector
  • Healthcare
  • Media & Entertainment
  • Manufacturing
  • Others (Law Firms, Hospitality, Education, Transportation, and Logistics)

Market by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Geographic Analysis

  • Further country-level breakdown of the North America data resiliency market
  • Further country-level breakdown of the Europe market
  • Further country-level breakdown of the Asia Pacific market
  • Further country-level breakdown of the Middle East & Africa market
  • Further country-level breakdown of the Latin America market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Data Resiliency Market
    4.2 North America: Market By Component
    4.3 Europe: Market By Organization Size
    4.4 Asia Pacific: Market By Deployment
    4.5 Market By Vertical & Region

5 Market Overview and Industry Trends (Page No. - 32)
    5.1 Market Dynamics
           5.1.1 Introduction
           5.1.2 Drivers
                    5.1.2.1 Massive Growth in Data Generated From Varied Sources
                    5.1.2.2 Increasing Privacy Concerns and Need for Data Security
                    5.1.2.3 Increasing Adoption of Cloud-Based Data Backup and Recovery Solutions
                    5.1.2.4 Adoption of Operational Excellence and Data Quality Management Solutions
           5.1.3 Restraints
                    5.1.3.1 Availability of Open-Source Alternatives
           5.1.4 Opportunities
                    5.1.4.1 Rising Attractiveness of Blockchain Solutions
           5.1.5 Challenges
                    5.1.5.1 Management of Unstructured Data
                    5.1.5.2 Integration of Data From Data Silos
    5.2 Industry Trends
           5.2.1 Introduction
           5.2.2 Data Resiliency Solutions: Case Studies
                    5.2.2.1 Case Study 1: Ntt Communications’ Automated, Secure, and Flexible Cloud Recovery Service for A US Government Agency
                    5.2.2.2 Case Study 3: Aertec Solutions Builds Business Continuity and Disaster Recovery Strategy Using Rubrik’s Solutions
           5.2.3 Standards and Regulations
                    5.2.3.1 General Data Protection Regulation (GDPR)
                    5.2.3.2 Sarbanes-Oxley Act (SOX)
                    5.2.3.3 Health Insurance Portability and Accountability Act (HIPPA)
                    5.2.3.4 Payment Card Industry Data Security Standard (PCI DSS)
                    5.2.3.5 Gramm–Leach–Bliley Act (GLBA)
           5.2.4 Data Backup and Recovery: Metrics
                    5.2.4.1 Recovery Point Objective (RPO)
                    5.2.4.2 Recovery Time Objective (RTO)
           5.2.5 Types of Data Backup

6 Data Resiliency Market, By Component (Page No. - 39)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Data Backup & Recovery
           6.2.2 Data Archiving & E-Discovery
           6.2.3 Disaster Recovery
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Implementation & Integration Services
                    6.3.1.2 Support & Maintenance Services
                    6.3.1.3 Consulting Services
           6.3.2 Managed Services

7 Market By Deployment (Page No. - 47)
    7.1 Introduction
    7.2 Cloud
    7.3 On-Premises

8 Market By Organization Size (Page No. - 51)
    8.1 Introduction
    8.2 Small & Medium Enterprises (SMEs)
    8.3 Large Enterprises

9 Data Resiliency Market, By Vertical (Page No. - 55)
    9.1 Introduction
    9.2 BFSI
    9.3 IT & Telecommunication
    9.4 Government
    9.5 Public Sector
    9.6 Retail & Consumer Goods
    9.7 Manufacturing
    9.8 Healthcare
    9.9 Media & Entertainment
    9.10 Others

10 Regional Analysis (Page No. - 67)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia Pacific
     10.5 Middle East & Africa
     10.6 Latin America

11 Competitive Landscape (Page No. - 84)
     11.1 Overview
     11.2 Competitive Situation and Trends
             11.2.1 New Product Launches & Product Enhancements
             11.2.2 Agreements, Collaborations & Partnerships
             11.2.3 Acquisitions
             11.2.4 Expansions
     11.3 Market Ranking of Key Players

12 Company Profiles (Page No. - 91)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM View)*
     12.1 Acronis
     12.2 Asigra
     12.3 Ca Technologies
     12.4 Carbonite
     12.5 Centurylink
     12.6 Commvault
     12.7 IBM
     12.8 Micro Focus
     12.9 Microsoft
     12.10 Netapp
     12.11 Quest Software
     12.12 Unitrends
     12.13 Veeam
     12.14 Veritas Technologies
     12.15 Vmware

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 137)
     13.1 Industry Excerpts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports


List of Tables (72 Tables)

Table 1 Data Resiliency Market Size, By Component, 2016–2023 (USD Billion)
Table 2 Component: Market Size, By Solutions, 2016–2023 (USD Billion)
Table 3 Solutions: Market Size, By Region, 2016–2023 (USD Million)
Table 4 Data Backup & Recovery: Market Size, By Region, 2016–2023 (USD Million)
Table 5 Data Archiving & E-Discovery: Market Size, By Region, 2016–2023 (USD Million)
Table 6 Disaster Recovery: Market Size, By Region, 2016–2023 (USD Million)
Table 7 Component: Market Size, By Services, 2016–2023 (USD Billion)
Table 8 Services: Market Size, By Region, 2016–2023 (USD Million)
Table 9 Professional Services: Market Size, By Region, 2016–2023 (USD Million)
Table 10 Managed Services: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Data Resiliency Market Size, By Deployment, 2016-2023 (USD Billion)
Table 12 Cloud: Market Size, By Region, 2016–2023 (USD Billion)
Table 13 On-Premises: Market Size, By Region, 2016–2023 (USD Billion)
Table 14 Data Resiliency Market Size, By Organization Size, 2016-2023 (USD Billion)
Table 15 Small & Medium Enterprises: Market Size, By Region, 2016-2023 (USD Million)
Table 16 Large Enterprises: Market Size, By Region, 2016-2023 (USD Billion)
Table 17 Data Resiliency Market Size, By Vertical, 2016–2023 (USD Billion)
Table 18 BFSI: Market By Region, 2016–2023 (USD Million)
Table 19 BFSI: Market By Component, 2016–2023 (USD Million)
Table 20 IT & Telecommunication: Market Size By Region, 2016–2023 (USD Million)
Table 21 IT & Telecommunication: Market By Component, 2016–2023 (USD Million)
Table 22 Government : Market Size, By Region, 2016–2023 (USD Million)
Table 23 Government: Market By Component, 2016–2023 (USD Million)
Table 24 Public Sector: Market Size, By Region, 2016–2023 (USD Million)
Table 25 Public Sector: Market By Component, 2016–2023 (USD Million)
Table 26 Retail & Consumer Goods: Market By Region, 2016–2023 (USD Million)
Table 27 Retail & Consumer Goods: Market By Component, 2016–2023 (USD Million)
Table 28 Manufacturing: Market Size By Region, 2016–2023 (USD Million)
Table 29 Manufacturing: Market By Component, 2016–2023 (USD Million)
Table 30 Healthcare: Market Size By Region, 2016–2023 (USD Million)
Table 31 Healthcare: Market By Component, 2016–2023 (USD Million)
Table 32 Media & Entertainment: Market Size By Region, 2016–2023 (USD Million)
Table 33 Media & Entertainment: Market By Component, 2016–2023 (USD Million)
Table 34 Others: Market Size By Region, 2016–2023 (USD Million)
Table 35 Others: Market By Component, 2016–2023 (USD Million)
Table 36 Data Resiliency Market, By Region, 2016–2023 (USD Billion)
Table 37 North America Market By Component, 2016–2023 (USD Million)
Table 38 North America Market By Solutions, 2016–2023 (USD Million)
Table 39 North America Market By Services, 2016–2023 (USD Million)
Table 40 North America Market By Organization Size, 2016–2023 (USD Million)
Table 41 North America Market By Deployment, 2016–2023 (USD Million)
Table 42 North America Market By Vertical, 2016–2023 (USD Million)
Table 43 Europe Data Resiliency Market, By Component, 2016–2023 (USD Million)
Table 44 Europe Market By Solutions, 2016–2023 (USD Million)
Table 45 Europe Market By Services, 2016–2023 (USD Million)
Table 46 Europe Market By Organization Size, 2016–2023 (USD Million)
Table 47 Europe Market By Deployment, 2016–2023 (USD Million)
Table 48 Europe Market By Vertical, 2016–2023 (USD Million)
Table 49 Asia Pacific Data Resiliency Market, By Component, 2016–2023 (USD Million)
Table 50 Asia Pacific Market By Solutions, 2016–2023 (USD Million)
Table 51 Asia Pacific Market By Services, 2016–2023 (USD Million)
Table 52 Asia Pacific Market By Organization Size, 2016–2023 (USD Million)
Table 53 Asia Pacific Market By Deployment, 2016–2023 (USD Million)
Table 54 Asia Pacific Market By Vertical, 2016–2023 (USD Million)
Table 55 Middle East & Africa Data Resiliency Market, By Component, 2016–2023 (USD Million)
Table 56 Middle East & Africa Market By Solutions, 2016–2023 (USD Million)
Table 57 Middle East & Africa Market By Services, 2016–2023 (USD Million)
Table 58 Middle East & Africa Market By Organization Size, 2016–2023 (USD Million)
Table 59 Middle East & Africa Market By Deployment, 2016–2023 (USD Million)
Table 60 Middle East & Africa Market By Vertical, 2016–2023 (USD Million)
Table 61 Latin America Data Resiliency Market, By Component, 2016–2023 (USD Million)
Table 62 Latin America Market By Solutions, 2016–2023 (USD Million)
Table 63 Latin America Market By Services, 2016–2023 (USD Million)
Table 64 Latin America Market By Organization Size, 2016–2023 (USD Million)
Table 65 Latin America Market By Deployment, 2016–2023 (USD Million)
Table 66 Latin America Market By Vertical, 2016–2023 (USD Million)
Table 67 Market Evaluation Framework
Table 68 New Product Launches & Product Enhancements, Between Year 2016- 2018
Table 69 Agreements, Collaborations & Partnerships, 2016–2018
Table 70 Acquisitions, 2016–2018
Table 71 Expansions, 2016–2018
Table 72 Market Ranking of Key Players in the Data Resiliency Market, 2018


List of Figures (40 Figures)

Figure 1 Data Resiliency Market: Research Design
Figure 2 Data Triangulation
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Assumptions
Figure 6 Market By Component, 2018 & 2023 (USD Billion)
Figure 7 Market By Deployment, 2018 & 2023 (USD Billion)
Figure 8 Market By Organization Size, 2018 & 2023 (USD Billion)
Figure 9 Market By Vertical, 2018
Figure 10 Market By Region, 2018 & 2023 (USD Billion)
Figure 11 Data Resiliency Market in Asia Pacific Expected to Grow at Highest Rate During Forecast Period
Figure 12 There is an Increasing Adoption of Cloud-Based Data Backup and Recovery for Data Security and Privacy as Enterprises Processes Large Volumes of Data
Figure 13 Services Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Small & Medium Enterprises Segment is Expected to Grow at A Higher CAGR From 2018 to 2023
Figure 15 Cloud is Expected to Grow at A Higher CAGR From 2018 to 2023
Figure 16 North America is Estimated to Lead the Data Resiliency Market in 2018
Figure 17 Data Resiliency Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Disaster Recovery Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 On-Premises Segment is Estimated to Lead the Market in 2018
Figure 21 Large Enterprises Segment Estimated to Lead Market in 2018
Figure 22 The BFSI Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Estimated to Be the Largest Market for Data Resiliency Market in 2018
Figure 24 Data Resiliency Market in Asia Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America Market Snapshot
Figure 26 Asia Pacific Market Snapshot
Figure 27 Companies Adopted Agreements, Collaborations & Partnerships as Key Growth Strategies From 2016 to 2018
Figure 28 CA Technologies: Company Snapshot
Figure 29 Carbonite: Company Snapshot
Figure 30 Centurylink: Company Snapshot
Figure 31 Commvault: Company Snapshot
Figure 32 Commvault: SWOT Analysis
Figure 33 IBM: Company Snapshot
Figure 34 IBM: SWOT Analysis
Figure 35 Micro Focus: Company Snapshot
Figure 36 Microsoft: Company Snapshot
Figure 37 Microsoft: SWOT Analysis
Figure 38 Netapp: Company Snapshot
Figure 39 Vmware: Company Snapshot
Figure 40 Vmware: SWOT Analysis

The data resiliency market is projected to grow from USD 11.69 Billion in 2018 to USD 27.63 Billion by 2023, at a CAGR of 18.8% from 2018 to 2023. Increasing data generation from various sources, and growing data privacy concerns and the need to ensure data security are the factors driving the growth of the market across the globe.

The data resiliency market has been segmented based on component, deployment, organization size, vertical, and region. 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 (implementation & integration services, support & maintenance services, and disaster recovery), and managed services. Based on deployment, the market has been segmented into on-premises and cloud. The 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 (law firms, hospitality, education, transportation, and logistics). The market has been studied in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

The disaster recovery solutions component segment of the data resiliency market is projected to grow at the highest CAGR during the forecast period. An effective implementation of disaster recovery leads to the successful recuperation of the data for business continuity. Hence, every organization has started investing either in private cloud disaster recovery solutions or both, private cloud and Disaster Recovery as a Service (DRaaS).

Based on organization size, the small & medium enterprises segment of the data resiliency market is projected to grow at a higher CAGR than large enterprises segment during the forecast period. Cost-effectiveness is important for Small & Medium Enterprises (SMEs) as they have limited budgets. Hence, these enterprises face greater resource crunch than large enterprises and as such, require improved methods to resolve complexities for effective cost optimization of their business processes. The implementation of cloud-based data resiliency solutions is expected to result in increased revenues, desired business outcomes, and improved business efficiency for SMEs. The large enterprises segment is projected to lead the market during the forecast period.

Based on vertical, the BFSI segment is projected to lead the data resiliency market during the forecast period. The growth of the BFSI segment of the market can be attributed to increased use of data resiliency solutions for ensuring the security of critical data of the BFSI sector. The BFSI segment of the market is also projected to grow at the highest CAGR during the forecast period.

The Asia Pacific data resiliency market is projected to grow at the highest CAGR from 2018 to 2023. The growth of the Asia Pacific market can be attributed to the increased use of data resiliency solutions in various verticals such as BFSI, IT & telecommunication, retail & consumer goods, and healthcare to protect and backup their crucial enterprise data. There is also an increase in the adoption of data resiliency solutions in the Asia Pacific region due to rising instances of cyberattacks and ransomware attacks in the region.

Data Resiliency Market

The easy availability of open-source alternatives for data resiliency solutions is a factor restraining the growth of the data resiliency market as several open-source technology developers have developed effective and cost-competitive data backup and recovery solutions.

Key players in the data resiliency market are 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). These companies are adopting different growth strategies such as expansions; agreements, collaborations, and partnerships; acquisitions; and new product launches and product enhancements to increase their market shares in the market.

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