Data resiliency is protecting the data from technology failure or disruption. Resiliency is the potential of server, storage system, network and data center to recover the data quickly and continue the operations even if there is a power outage, equipment failure or other disruptions. Data resiliency can be achieved through the use of redundant elements such as systems, subsystems or facilities. When one system fails or have technological disruption, the redundant systems takeover and continue supporting computing services to the user base. Because of data resiliency, users never get to know in case any disruption has occurred.
There are various important aspects of data resiliency such as geo-redundancy and cyber security. Geo-redundancy helps in recovering the data from data center service and cyber security helps in recovering data from cloud computing, mobile devices, internet of things and digitalization of information. Data resiliency ensures continuous availability of data, even in adverse events such as power outage, cyber-attacks and server overload. If data from any system faces crash down, the user can use data from another system which helps in uninterrupted operations.
The market is observing vibrant growth on account of increasing concern for data security on cloud based system, growing adoption of cloud based data backup and recovery solutions along with rising cases of cyber-attacks and ransomware attacks. The ransomware attacks deny the access to a computer system and data until ransom is paid. It spreads through unknowing infected websites and phishing e-mails.
The data resiliency market is anticipated to record a CAGR of 21.6% over the forecast period i.e. 2019-2027. The market is segmented by deployment type into cloud and on-premise, out of which, cloud deployment segment is expected to have leading shares on the back of less time needed to recover data in case of failure along with its cost effectiveness and capability to store large volume of data. Further, the market is segmented by organization size into small, medium and enterprises, out of which, the small and medium enterprise is expected to have largest growth rate on the back of growing need of technology that can crunch the larger volume of data within the budget. Crunching the larger data with the availability of advanced technology is fueling the market of data resiliency.
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Rising number of cyber-attacks such as ransomware deny the access to the computer system and data which in turn is increasing the demand for data resiliency solutions in companies as it helps the companies to recover or protect data from the threats or crash down of system. These factors are expected to boost the growth of market over the forecast period.
On cloud based system, the data stored such as debit or credit card details, account number and transaction password etc. needs high security and timely backup, which is further boosting the demand for data resiliency solutions in the companies. Moreover, data resiliency solutions protect the data by identifying the unsecured websites on which uploading data is a threat. These significant factors are estimated to support the growth of the market in upcoming years.
The availability of open source alternatives of data resiliency due to their low cost of installation of software and solutions might hinder the growth of the market during the forecast period.
Our-in depth analysis of the global data resiliency market includes the following segments:
On the basis of regional analysis, the global data resiliency market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America is expected to dominate the market owing to the presence of rising number of major players such as IBM and Microsoft in the region. Increasing investment in research and development by solution providers IBM, Commvault, HPE, Actifio and others are fueling the growth of data resiliency market in this region.
Further, Asia-Pacific is expected to have largest growth rate on the back of rising adoption of data resiliency solutions due to increasing rate of cyber-attacks such as malware attacks etc. in various industries across the region.
The global data resiliency market is further classified on the basis of region as follows:
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