Data recovery software market size USD 2.17 billion is predicted to grow at a significant CAGR of 3.62% in the forecast period of 2020 to 2027
Market Highlights
The global data recovery software market size is predicted to grow at a significant
CAGR of 12% during the forecast period 2022-2027.
A data recovery software is one type of software that retrieves the
deleted, corrupted, or inaccessible data from a stored device. This software is
highly preferable by IT professionals to recover the data by referring and
accessing the file structures from physical storage devices and cloud storage.
Based on the data stored device, the data recovery process varies. For example,
in hardware devices, the files can be restored within the device itself, on the
other side, the server’s data involves a set of complex processes. A data recovery software is used
to aid in the retrieval the corrupted, deleted, or inaccessible data from a
device. This software is commonly used by IT professionals for the recovery of
data from physical storage devices and cloud storage by accessing and referring
the file structures. A data recovery process changes according to the storage
device.
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Regional Analysis:
The world data recovery software market regional segments are North America
and Europe. Following Asia Pacific and the Rest of the world. North America can
holds the major share of the global data recovery market through the review
period. The region houses numerous top notch companies and the adoption of
modern technologies for recovery solutions can support North America data
recovery software market growth. The high availability of reliable backup
solutions and recovery software can bolster the market growth. In Asia Pacific,
the data recovery market can exhibit high growth rate for the forecast period.
The rise of the regional market can primarily be due to the adoption of
recovery software by sectors, such as IT and BFSI to protect and backup
important data. The rise in various start-ups can results in expansion of the
regional market. In addition, the need for data backup facilities can fuel the
market in APAC.
Segmentation:
The
data recovery software market has been premeditated for different segments
based on component, application, platforms, deployment, industry, and
region. Based on components, the data
recovery software market into services and software. The software is further
segmented into data reduction, data retention, and data replication. The
services segment is sub-segmented into managed and professional services.
Based
on deployment, the global data recovery software market is segmented into
on-cloud and on-premise. By application, the global data recovery software
market is segmented into personal and commercial. Based on platform, the global
data recovery software market is segmented into Windows, Linux, and Mac. Based
on industry, the data recovery software market is segmented into healthcare,
BFSI, retail, IT & telecommunications, and media & entertainment.
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Competitive
Dashboard:
Some of
the distinguished players present in the global data recovery software market
include Oracle Corporation (U.S.), Dell Inc. (U.S.), IBM Corporation (U.S.), CA
Technologies (U.S.), Microsoft Corporation (U.S.), Acronis International GmbH
(Switzerland), Hewlett Packard Enterprise Development LP (U.S.), Commvault
(U.S.), NetApp, Inc.(U.S.), and Veritas Technologies LLC (U.S.).
The
MRFR report has also covered some key innovators in the data recovery software
market. Some of these prominent innovators include Unitrends Inc. (U.S.),
Actifio (U.S.), Altaro (U.S.), Veeam Software (Switzerland), Micro Focus
International plc. (U.K), Infrascale Inc. (U.S.), StorageCraft Technology
Corporation (U.S.), and Carbonite, Inc. (U.S.).
Report
Overview:
This
global data recovery software market research includes the Market Overview,
COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview,
Regional Analysis, Competitive Landscape, Recent developments, Segmentation
Table, and FAQs. The market scenario includes the data recovery software market
drivers, restraints, challenges, and opportunities. The data recovery software
market forecast segments into six forms as deployment, platform, component,
application, industry, and region.
Industry Update
July
2019: SALVAGEDATA recently introduced a completely free data recovery software
which facilitates the recovery of accidentally deleted files. Further, it also
supports drives from all makers with NTFS, FAT and exFAT classification system.
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