Sarasota, FL -- (SBWIRE) -- 05/17/2018 -- Global Data Resiliency Market: Overview
Several times the business suffers because of the technology crash down or data hacking, thus causing damage the brand image of the organization. Technology enhances the customer experience but the complexity of the technology increases fragility. Thus organizations develop data resiliency to avoid any risk to their brand. Data resiliency is associated with disaster management or planning and considers data protection. It basically protects your data at times of some technology failure or disruption. Resiliency is when a server or data center recovers and operates quickly after an equipment failure, power outage or any element disruption.
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Global Data Resiliency Market: Growth Factors
The increasing privacy concerns and the need to ensure securing the data as well as growing adoption of the cloud-based backup data and recovery solutions along with the tremendous growth in data generated from varied sources has escalated the growth of data resiliency market. Adoption of data quality management has also supported the growth of this market. Availability of open-source alternatives and integration of data from data silos is posing restrictions on the growth of data resiliency market. Also management of unstructured data is an influencing challenge in this market.
Global Data Resiliency Market: Segmentation
Data Resiliency Market is segmented in terms of component, as solutions and services. Further solutions are divided into Data Backup & Recovery, Disaster Recovery and Data Archiving and e-Discovery. The services are sub-segmented into Professional Services and Managed Services. Professional services are further classified as Support & Maintenance Services, Consulting Services, and Implementation & Integration Services. On the basis of vertical, the market is divided into IT & Telecommunication, Healthcare, Banking Financial Services and Insurance (BFSI), Retail & Consumer Goods, Public Sector, Media & Entertainment, Manufacturing, Government and Others (Law Firms, Hospitality, Education, Transportation, and Logistics). In terms of organization size, the market is segmented into Large Enterprises and Small & Medium Enterprises. By deployment, the market is divided into Cloud and On-premises. In terms of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Global Data Resiliency Market: Regional Analysis
North America region is projected to lead the global data resiliency market which can be accredited to the presence of the major players like IBM and Microsoft. Also increased demand for data resiliency solutions due to increased R&D activities has led the growth of data resiliency market in North America. The global data resiliency market is expected to be dominated by North America followed by Europe. Whereas the Asia-Pacific data resiliency market is expected to grow at a significant rate over the forecast period.
Global Data Resiliency Market: Competitive Players
Some of the vital players of data resiliency solutions are Asigra Inc. (Canada), CA Technologies (US), Acronis (Switzerland), Carbonite, Inc. (US), Commvault Systems, Inc. (US), IBM (US), Micro Focus (UK), Microsoft (US), NetApp (US), Quest Software, Inc. (US), CenturyLink (US), Unitrends (US), Veeam Software (Switzerland), Veritas Technologies LLC (US), and VMware (US) ,among others.
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