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
[144 Pages Report] Data resiliency solutions include data backup and recovery, archiving, e-discovery, and disaster recovery. Resiliency can be applied to multiple applications, IT components, data centers, and cloud environments. Recovery Point Objective (RPO) and Recovery Time Objective (RTO) are two significant parameters that help enterprises choose an optimal data backup and recovery plan.
The global data resiliency solutions market is expected 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. The objective of the report is to define, describe, and forecast the data resiliency solutions market based on component, organization size, deployment, vertical, and region.
By deployment, on-premises segment to lead the data resiliency solutions market during the forecast period
Based on deployment, the on-premises segment is estimated to account for a larger share in 2018. On-premises data resiliency solutions are fast and have lower latency due to reliable networking communications. On-premises deployment is preferred by organizations, which are looking for high performance for multiple types of workloads. Verticals such as government, defense, and BFSI, prefer the on-premises deployment, as they cannot afford to lose sensitive data, financial records, customer data, and money transaction information.
By vertical, the BFSI segment to account for the highest CAGR during the forecast period
The BFSI sector generates and processes high volumes of data daily. This data comprises crucial information such as transaction passwords, account numbers, and credit/debit card details, which need high security and appropriate backup. Data resiliency solution providers enable BFSI enterprises to backup & recover data to maintain business continuity. Thereby, the BFSI segment is expected to lead in the adoption of data resiliency solutions due to increasing concern among customers over the security of their critical data.
Data resiliency solutions market in APAC is projected to grow at the highest CAGR during the forecast period
The market growth in APAC is primarily driven by the growing awareness across various verticals such as BFSI, IT and telecom, retail, and healthcare to protect and backup their crucial enterprise data. There is also an increase in the adoption of data resiliency solutions due to the rise in cyberattacks and ransomware attacks in this region.
The data resiliency solutions market is highly consolidated and is expected to witness significant growth during the forecast period. The market is dominated by major players such as IBM, Microsoft, Commvault, Commvault, and Veeam Software. Market players are adopting a mix of organic and inorganic growth strategies. They are concentrating on enhancing their product portfolio with innovative and technologically updated offerings. They are increasingly focusing on collaborating to complement their existing product offerings and expand their customer base. Market players are adopting agreements, collaborations, and partnerships as key business strategies to enhance their position in the data resiliency solutions market.
Market Dynamics
Driver: Massive growth in data generated from varied sources
There has been an exponential rise in the data generated from various sources such as the internet, mobile devices, businesses, and trending technologies such as IoT. The rising adoption of cloud computing and EDGE networks has led data to spread over multiple locations such as servers, virtual machines, mobile devices, and applications. This data must be secured and backed up to avoid its loss or misuse. Data resiliency solutions enable the handling of complex amounts of data across multiple environments. These solutions can also provide data backup & recovery and disaster recovery services to users for comprehensive data resiliency and business continuity.
Restraint: Availability of open-source alternatives
Many open-source technology developers have developed effective and inexpensive data backup and recovery solutions. There are many open-source data backup and recovery solutions in the market, such as Recuva. It is instrumental in superior file recovery and advanced deep scan mode. Similarly, TestDisk allows users to rebuild the boot sector and is available freely over all major platforms such as Microsoft Windows and Mac OS X. The presence of such open-source and economical solutions in the market is restraining the demand for data resiliency solutions. Moreover, SMEs have budget constraints due to which they prefer to adopt open-source data resiliency solutions. Many vendors have started taking advantage of open-source solutions by releasing commercial enhancements of these products.
Opportunity: Rising attractiveness of blockchain solutions
Blockchain is a sequential storage scheme that is used to record transactions and negotiate contracts. The integration of blockchain technology with data resiliency solutions is an emerging opportunity that provides indisputable data verification. By using the blockchain technology, the data and transactions are processed to produce a unique signature verified by rules of consensus. Data backup and recovery solutions using the blockchain technology store the hashes of the data block, following which the encrypted and distributed hashes are used to verify the data blocks. The integration of blockchain-based data verification technologies with data resiliency solutions such as data backup and recovery allows the vendors to provide backup data to users on local drives or the cloud. It also adds authenticity to the personal and business data. Moreover, using the blockchain technology, the users are protected from the cyberattacks in the cloud due to the need for blockchain-based verification.
Challenge: Management of unstructured data
Managing unstructured data is a problem faced by enterprises, and ensuring the availability of data for business continuity is a significant challenge that solution providers face. Unstructured data is the information generated from social media posts, emails, or conversations with customers. Managing unstructured data is indeed a difficult task, but it can be an extensive source of information for enterprises. Volume, quality, usability, and relevance are some of the challenges in the unstructured data. It becomes challenging to manage the unstructured data as it does not integrate easily with the traditional backup systems. The size of the files generated is one of the significant challenges faced during backup and recovery, as the data generated is in terabytes. Since the data is growing enormously, the problem is getting worse with each passing day. Moreover, the variety of information is a second major challenge faced by providers, as it does not optimize well.
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
20162023 |
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Base year considered |
2017 |
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Forecast period |
20182023 |
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Forecast units |
USD Million (Value) |
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Segments covered |
Component, Deployment, Organization Size, Industry Vertical, and Region |
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Geographies covered |
North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA) |
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Companies covered |
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). |
The research report categorizes the data resiliency market to forecast the revenues and analyze the trends in each of the following sub-segments:
Data Resiliency Market By Component:
- Solutions
- Data Backup & Recovery
- Data Archiving & e-Discovery
- Disaster Recovery
- Services
- Professional Services
- Implementation & Integration Services
- Support & Maintenance Services
- Consulting Services
- Managed Services
- Professional Services
Data Resiliency Market By Deployment:
- On-premises
- Cloud
Data Resiliency Market By Organization Size:
- Large Enterprises
- Small & Medium Enterprises
Data Resiliency Market By Vertical:
- BFSI
- IT & Telecommunication
- Retail & Consumer Goods
- Government
- Public Sector
- Healthcare
- Media & Entertainment
- Manufacturing
- Others (Law Firms, Hospitality, Education, Transportation, and Logistics)
Data Resiliency Market By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Key Market Players
Acronis (Switzerland), Asigra Inc. (Canada), CA Technologies (US), Carbonite, Inc. (US), CenturyLink (US)
Recent Developments
- In March 2018, CA Technologies declared the new release of CA Workload Automation AE (AutoSys), the de facto solution standard workload engine for complex workloads. This new release broadens CA Technologies' business automation capabilities.
- In March 2018, Commvault partnered with MEDITECH Holdings South Africa, to expand MEDITECH Holdings South Africas solution portfolio offering across Europe and Asia by directly distributing/reselling the Commvault Data Platform within its managed service solution. This partnership is expected to help Commvault expand its customer base, especially in the healthcare sector.
- In March 2018, Unitrends partnered with Spanning Cloud Apps to expand cloud backup solutions for Microsoft Office 365, Google G Suite, and Salesforce. This partnership will help its clients to protect critical software-as-as-service (SaaS) data. Furthermore, it will also provide enterprise-class backup and recovery software for its clients.
- In February 2018, Veritas Technologies announced Veritas CloudPoint 2.0, the second release of the companys snapshot-based data protection technology, which is certified by Veritas for the Google Cloud Platform, an enterprise-grade solution, built for the cloud that automates discovery and protection of Google cloud workloads.
- In January 2018, Veeam acquired N2W Software, a leading provider of cloud-native Enterprise Backup and Disaster Recovery for Amazon Web Services (AWS), to deliver industry-leading Availability and Protection for AWS Cloud. This acquisition is expected to help Veeam strengthen its position in the market as a leading data protection provider for AWS.
Key questions addressed in the Report
- Which regions are likely to grow at the highest CAGR?
- What are the recent trends affecting the data resiliency solutions market?
- Who are the key players in the market, and how intense is the competition?
- What are the key implementation areas of data resiliency solutions?
- What are the challenges hindering the adoption of data resiliency serservices?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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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 Data Resiliency Solutions 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 Rubriks 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 GrammLeachBliley 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 Data Resiliency, 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, 20162023 (USD Billion)
Table 2 Component: Market Size, By Solutions, 20162023 (USD Billion)
Table 3 Solutions: Market Size, By Region, 20162023 (USD Million)
Table 4 Data Backup & Recovery: Market Size, By Region, 20162023 (USD Million)
Table 5 Data Archiving & E-Discovery: Market Size, By Region, 20162023 (USD Million)
Table 6 Disaster Recovery: Market Size, By Region, 20162023 (USD Million)
Table 7 Component: Market Size, By Services, 20162023 (USD Billion)
Table 8 Services: Market Size, By Region, 20162023 (USD Million)
Table 9 Professional Services: Market Size, By Region, 20162023 (USD Million)
Table 10 Managed Services: Market Size, By Region, 20162023 (USD Million)
Table 11 Data Resiliency, Market Size By Deployment, 2016-2023 (USD Billion)
Table 12 Cloud: Market Size, By Region, 20162023 (USD Billion)
Table 13 On-Premises: Market Size, By Region, 20162023 (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, 20162023 (USD Billion)
Table 18 BFSI: Market, By Region, 20162023 (USD Million)
Table 19 BFSI: Market, By Component, 20162023 (USD Million)
Table 20 IT & Telecommunication: Market Size, By Region, 20162023 (USD Million)
Table 21 IT & Telecommunication: Market, By Component, 20162023 (USD Million)
Table 22 Government : Data Resiliency Market Size, By Region, 20162023 (USD Million)
Table 23 Government: Market, By Component, 20162023 (USD Million)
Table 24 Public Sector: Market Size, By Region, 20162023 (USD Million)
Table 25 Public Sector: Market, By Component, 20162023 (USD Million)
Table 26 Retail & Consumer Goods: Market, By Region, 20162023 (USD Million)
Table 27 Retail & Consumer Goods: Market, By Component, 20162023 (USD Million)
Table 28 Manufacturing: Data Resiliency, Market Size By Region, 20162023 (USD Million)
Table 29 Manufacturing: Market, By Component, 20162023 (USD Million)
Table 30 Healthcare: Market Size, By Region, 20162023 (USD Million)
Table 31 Healthcare: Market, By Component, 20162023 (USD Million)
Table 32 Media & Entertainment: Market Size, By Region, 20162023 (USD Million)
Table 33 Media & Entertainment: Market, By Component, 20162023 (USD Million)
Table 34 Others: Market Size, By Region, 20162023 (USD Million)
Table 35 Others: Market, By Component, 20162023 (USD Million)
Table 36 Data Resiliency Market By Region, 20162023 (USD Billion)
Table 37 North America: Market By Component, 20162023 (USD Million)
Table 38 North America: Market By Solutions, 20162023 (USD Million)
Table 39 North America: Market By Services, 20162023 (USD Million)
Table 40 North America: Market By Organization Size, 20162023 (USD Million)
Table 41 North America: Market By Deployment, 20162023 (USD Million)
Table 42 North America: Data Resiliency, Market By Vertical, 20162023 (USD Million)
Table 43 Europe: Data Resiliency Market, By Component, 20162023 (USD Million)
Table 44 Europe: Market By Solutions, 20162023 (USD Million)
Table 45 Europe: Market By Services, 20162023 (USD Million)
Table 46 Europe: Market By Organization Size, 20162023 (USD Million)
Table 47 Europe: Market By Deployment, 20162023 (USD Million)
Table 48 Europe: Data Resiliency, Market By Vertical, 20162023 (USD Million)
Table 49 Asia Pacific: Data Resiliency Market, By Component, 20162023 (USD Million)
Table 50 Asia Pacific: Market By Solutions, 20162023 (USD Million)
Table 51 Asia Pacific: Market By Services, 20162023 (USD Million)
Table 52 Asia Pacific: Market By Organization Size, 20162023 (USD Million)
Table 53 Asia Pacific: Market By Deployment, 20162023 (USD Million)
Table 54 Asia Pacific: Data Resiliency, Market By Vertical, 20162023 (USD Million)
Table 55 Middle East & Africa: Data Resiliency Market, By Component, 20162023 (USD Million)
Table 56 Middle East & Africa: Market By Solutions, 20162023 (USD Million)
Table 57 Middle East & Africa: Market By Services, 20162023 (USD Million)
Table 58 Middle East & Africa: Market By Organization Size, 20162023 (USD Million)
Table 59 Middle East & Africa: Market By Deployment, 20162023 (USD Million)
Table 60 Middle East & Africa: Data Resiliency, Market By Vertical, 20162023 (USD Million)
Table 61 Latin America: Data Resiliency Market, By Component, 20162023 (USD Million)
Table 62 Latin America: Market By Solutions, 20162023 (USD Million)
Table 63 Latin America: Market By Services, 20162023 (USD Million)
Table 64 Latin America: Market By Organization Size, 20162023 (USD Million)
Table 65 Latin America: Market By Deployment, 20162023 (USD Million)
Table 66 Latin America: Data Resiliency, Market By Vertical, 20162023 (USD Million)
Table 67 Market Evaluation Framework
Table 68 New Product Launches & Product Enhancements, Between Year 2016- 2018
Table 69 Agreements, Collaborations & Partnerships, 20162018
Table 70 Acquisitions, 20162018
Table 71 Expansions, 20162018
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 Resiliency: 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 Data Resiliency 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 Data Resiliency: Market By Vertical, 2018
Figure 10 Market By Region, 2018 & 2023 (USD Billion)
Figure 11 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 Data Resiliency: 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
Growth opportunities and latent adjacency in Data Resiliency Market
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