The Business Research Company’s report on the Data Resiliency Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the data resiliency market’s growth in recent years?
The rising adoption of cloud computing is expected to propel the growth of the data resiliency market going forward. Cloud computing refers to accessing and managing computing services like storage and applications over the internet, without the need for on-site infrastructure. The rising adoption of cloud computing is attributed to its cost efficiency, scalability, flexibility, and the increasing demand for remote data access and real-time analytics. Data resiliency is essential in fostering the adoption of cloud computing by ensuring data availability, integrity, and recovery, thereby addressing concerns about data loss and downtime in dynamic cloud environments. For instance, in December 2023, according to Eurostat, a Luxembourg-based government agency, the proportion of enterprises purchasing cloud computing services in the EU grew by 4.2 percentage points in 2023 compared to 2021. Moreover, in September 2022, according to reports shared by the AAG IT Support Service, a US-based digital transformation service provider, in 2022, a global study of 753 technical and business professionals revealed that 63% of respondents reported heavy usage of cloud services. This marked an increase from 59% in 2021. Therefore, the rising adoption of cloud computing is driving the growth of the data resiliency market.
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How does the future projection of the data resiliency market size compare to its historical growth?
The data resiliency market size has grown rapidly in recent years. It will grow from $14.48 billion in 2024 to $16.61 billion in 2025 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to an increase in data safety and security concerns, the adoption of operational excellence, data quality management solutions, massive growth in data generation from various sources, and increasing issues on privacy and security.
The data resiliency market size is expected to see rapid growth in the next few years. It will grow to $20.47 billion in 2029 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to rapid growth in information generated from completely different sources, increasing adoption of recovery solutions and cloud-based information backup, increasing cybersecurity threats, and increased focus on risk management. Major trends in the forecast period include growing attractiveness towards blockchain solutions, emerging technologies, automation in disaster recovery, integration of artificial technology, and integration of IoT devices.
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Which key players are shaping the future of the data resiliency market?
Major companies operating in the data resiliency market are Microsoft Corporation, Huawei Technologies Company Limited, Accenture plc, International Business Machines Corporation, Infosys Limited, Kyndryl Holdings Inc., VMware Inc., HCL Technologies Limited, Wipro Limited, NetApp Inc., CA Technologies Inc., DXC Technology Company, Veeam Software Group GmbH, Quest Software Inc., Commvault Systems Inc., Rubrik Inc., Cohesity Inc., Acronis International GmbH, Carbonite Inc., Asigra Inc.
What trends will propel the growth and evolution of the data resiliency market?
Major companies operating in the data resiliency market are developing innovative solutions, such as data protection solutions, to enhance system reliability and safeguard critical information from disruptions. Data protection solutions refer to strategies and technologies designed to ensure the confidentiality, integrity, and availability of data, often through encryption, backup, and disaster recovery methods. For instance, in October 2024, Arcserve LLC, a US-based data protection and business continuity company, introduces UDP 10 to provide better virtualization support and increased malware protection for multi-cloud environments. It includes advanced malware protection capabilities that leverage real-time behavioral analysis to detect and neutralize emerging threats, ensuring data integrity across distributed networks. The new version also offers improved virtualization support, making it easier to back up and restore virtualized workloads across hybrid and multi-cloud infrastructures. This version streamlines management with a unified interface for better control while also offering enhanced scalability, reducing the complexity of protecting large-scale, diverse environments.
Which regions are expected to become dominant players in the data resiliency market?
North America was the largest region in the data resiliency market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data resiliency market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the data resiliency market, and how are they evolving?
The data resiliency market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Mode: On-Premise, Cloud
3) By Enterprise Size: Large Enterprises, Small Medium Enterprises
4) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Retail And Consumer Goods, Government, Public Goods, Healthcare, Media And Entertainment, Manufacturing, Other Industrial Verticals
Subsegments:
1) By Solution: Backup And Recovery Solutions, Disaster Recovery Solutions, Data Archiving And Replication Solutions, Cloud Data Protection Solutions, Encryption And Security Solutions
2) By Service: Consulting And Advisory Services, Managed Data Resiliency Services, Deployment And Integration Services, Support And Maintenance Services, Compliance And Risk Management Services
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How is the data resiliency market defined, and what are its core characteristics?
Data resiliency refers to the ability of a system or infrastructure to maintain the availability, integrity, and accessibility of data despite disruptions, failures, or disasters. It encompasses a comprehensive strategy that includes backup solutions, disaster recovery, and proactive measures to protect data integrity and accessibility during unexpected events.
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