Data protection and recovery software are solutions concerning the security of data, data backup, and data integrity. It permits a timely, safe, and secure backup of data from the host device to the destination device. It enables enterprises to save important data files in case of any sudden or unexpected system failures/mishaps. Many sectors, such as healthcare and retail, are adopting data protection and security solutions to protect the digital data from cyber-crime. The market for data protection and recovery software is anticipated to grow at a rapid pace attributing to the massive requirement for solutions that can provide operational efficiencies, data resiliency, and timely information regarding installed data center infrastructure. According to a Insure Insights, the global data protection and recovery software market is expected to grow at a CAGR of 14.1% during the forecast period.

Top Driver: Growing Incidents of Cyber-Attacks and Data Safety Concerns

The market of data protection and recovery solutions is expected to witness growth in the coming future owing to the growing incidents of cyber-attacks, data safety concerns, and increasing demand to reduce the operational costs. Data protection and recovery solution have extended their applications in m, any segments like E-commerce, healthcare, IT and telecom, defense, and energy & power. Usage of the cloud has increased the risk of data loss, data theft, and unauthorized access to confidential information, which has consequently propelled the demand for data protection and recovery solution.

Cloud Platforms to Make Crucial Contribution to Growth of the Market

On the basis of solution, the market is segmented into Email Protection, Endpoint Data Protection, Application Recovery Management, Cloud Platforms, Others. The cloud platforms occupied a larger share since cloud store a lot of information from personal to professional levels which demand high data security option. On the basis of deployment, the market can be segmented into Cloud, On-premise. On the basis of end use the market is segmented into BFSI, Energy & Utilities, Government, Healthcare, Manufacturing, Retail, Others.

Rising In Need For Uniformity Of Security Offerings To Benefit Asia Pacific Market

The Asia Pacific regional market is anticipated to gain highest revenue shares and is marked by rapidly-evolving technologies and business requirements. Earlier, APAC data protection and recovery solutions market was relatively slower in adopting newer technologies and practices, compared to the North American and European markets. Furthermore, the increasing flexibility, scalability, and uniformity of security offerings have boosted their adoption of this region.

Players to Focus on Data Protection and Recovery Software Solution Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Acitifio, Arcserve (USA) LLC, CA Technologies, Corporation, Hewlett-Packard Enterprise, IBM Coporation, Veritas Technologies LLC, Veeam Software AG, and Unitrend among others could be at the forefront of the competition in the global market.

HPE: In February 2016, HPE had acquired Trilead, a data protection software developer to advance HPE offerings for backup solutions. This acquisition will benefit HPE to increase its offerings for cloud back-up, file storage, and data encryption.

CommVault: In August 2016, CommVault had entered into the partnership with Huawei for creating a joint lab to advance data backup, recovery and cloud solutions. This partnership will help both companies in generating an integrated offering with bundled service agreements.

Scope of the Report

By Solution Scope

• Email Protection
• Endpoint Data Protection
• Application Recovery Management
• Cloud Platforms
• Others

By Deployment

• Cloud
• On-premise

By End-User

• BFSI
• Energy & Utilities
• Government
• Healthcare
• Manufacturing
• Retail
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.