Global Data Recovery Software Market Highlights Over 2022 - 2031

The global data recovery software market is estimated to grow at ~12% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a notable revenue in the year 2021. The growth of the market can be attributed to the increase in the total volume of global data and the rise in the digital form of data. Moreover, countries across the globe are utilizing data in order to increase their trade. As per the World Bank, the current database includes over 5,000 products with over 1 billion rows of data. Furthermore, this important data needs to be protected from being deleted or corrupted. Therefore, data recovery software helps to recover lost data by creating a duplicate copy of the data.

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The global data recovery software market is segmented by deployment into on-premise, cloud, and hybrid. Out of these, the cloud segment is anticipated to hold the largest share in the global data recovery software market over the forecast period owing to the dependence of a large number of organizations on cloud-based infrastructure. Furthermore, organizations are shifting from traditional infrastructure to cloud-based infrastructure for storing their data, which is also expected to contribute to the growth of the segment during the forecast period.

Global Data Recovery Software Market Regional Synopsis

Regionally, the global data recovery software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America region is anticipated to witness noteworthy growth over the forecast period on the back of the presence of major players in data recovery software and an increase in the percentage of the digital economy. As per the U.S. Bureau of Economic Analysis, the total U.S digital economy was recorded to be 10.2 % of the U.S. GDP or USD 2.1 trillion in 2020. Therefore, the digital economy contributes to the storage of data in digital form, and data recovery software is required to protect digital data from being deleted.

Market Segmentation

Our in-depth analysis of the global data recovery software market includes the following segments:

By Deployment

• On-Premise

• Cloud

• Hybrid

By Application

• Personal

• Commercial

By Industry

• IT & Telecommunication

• BFSI

• Media & Entertainment

• Healthcare

• Retail

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Data Recovery Software Market

Growth Drivers

• Increase in the total volume of data

• Rise in the digital form of data

Challenges

• High price of data recovery software

• Lack of awareness related to data recovery software

Key Companies Dominating the Global Data Recovery Software Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global data recovery software market that are included in our report are IBM Corporation, NetApp, Inc., Microsoft Corporation, Oracle Corporation, Veritas Technologies LLC, Hewlett Packard Enterprise Company, Acronis International GmbH, Commvault Systems, Inc., Dell Inc., S.C. SOFTLAND S.R.L., and others.

Latest Developments in the Global Data Recovery Software Market:

• 10 June 2020: Hewlett Packard Enterprise Company announced an enhancement to HPE Nimble Storage and HPE Primera San Jose, including an AI-driven, self-healing, and self-optimized system that provides real-time autonomous operations.

• 8 September 2021: Commvault Systems, Inc., announced new ransomware services to assist businesses in preparing for, protecting against, and responding to today's growing cyber threats.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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