Data Resiliency Market Projected to Exceed $27.8 Billion by 2030, Reveals MarkWide Research
MarkWide Research’s latest report, “Data Resiliency Market,” presents a positive growth outlook for the global market, forecasting a valuation surpassing $27.8 billion by 2030. The report highlights the critical importance of data resiliency in safeguarding digital information, ensuring business continuity, and mitigating the risks of data loss.
Data resiliency involves strategies and technologies that protect data against loss, corruption, and downtime, enabling quick recovery and uninterrupted operations. This market’s projected growth can be attributed to the increasing volume of data, cyber threats, regulatory requirements, and the need for resilient IT infrastructure.
The report provides a comprehensive analysis of the data resiliency market, categorizing it based on solution, deployment mode, end-user industry, and region. Backup and recovery solutions, disaster recovery solutions, and cloud-based data resiliency services are key segments within the market. The report predicts a higher growth rate for cloud-based data resiliency services due to their scalability and flexibility.
Deployment modes include on-premises and cloud-based solutions. As organizations seek scalable and cost-effective data protection, cloud-based data resiliency services gain traction for their ability to provide off-site storage and recovery options.
End-user industries encompass banking, healthcare, IT, and manufacturing sectors. With data being a critical asset for businesses, data resiliency solutions play a crucial role in minimizing data loss and downtime in the event of disruptions.
Geographically, North America leads the global data resiliency market, attributed to the region’s advanced IT infrastructure, stringent data protection regulations, and the high awareness about cyber threats. Europe and Asia Pacific are also expected to contribute significantly to the market’s growth as industries prioritize data security and resilience.
A notable trend in the data resiliency market is the integration of artificial intelligence and machine learning for proactive data monitoring and anomaly detection. These technologies enhance the accuracy of identifying potential threats and vulnerabilities.
The report identifies key players in the data resiliency market, including technology providers, data management companies, and cybersecurity firms. These players are investing in innovation, automation, and disaster recovery planning to offer comprehensive data resiliency solutions.
As organizations recognize the business-critical nature of data and the need for uninterrupted operations, the data resiliency market is poised to play a pivotal role in ensuring data availability and integrity. The projected valuation of over $27.8 billion by 2030 underscores the market’s potential to contribute to a resilient digital landscape.
In conclusion, MarkWide Research’s report offers valuable insights into the data resiliency market’s growth trajectory, highlighting the factors contributing to its expansion and the trends shaping its evolution. With data breaches and disruptions on the rise, the market’s projected growth signifies its significance in protecting business continuity and maintaining trust in digital operations.