Market Highlights
Market Research Future (MRFR), in its latest “Data Recovery Software Market” report discuss different parameters influencing the market. The data recovery market 2020 can rise at a high pace. The growing data recovery software industry is likely in the forecast period. The data recovery software market growth depends on numerous factors. North America can secure 12% CAGR across the review period. The data recovery software global market is estimated to touch USD 13 Bn against 12% CAGR by 2023.
A data recovery software is used to aid in the retrieval the corrupted, deleted, or inaccessible data from a device. This software is commonly used by IT professionals for the recovery of data from physical storage devices and cloud storage by accessing and referring the file structures. A data recovery process changes according to the storage device.
Regional Analysis:
The world data recovery software market regional segments are North America and Europe. Following Asia Pacific and the Rest of the world. North America can holds the major share of the global data recovery market through the review period. The region houses numerous top notch companies and the adoption of modern technologies for recovery solutions can support North America data recovery software market growth. The high availability of reliable backup solutions and recovery software can bolster the market growth. In Asia Pacific, the data recovery market can exhibit high growth rate for the forecast period. The rise of the regional market can primarily be due to the adoption of recovery software by sectors, such as IT and BFSI to protect and backup important data. The rise in various start-ups can results in expansion of the regional market. In addition, the need for data backup facilities can fuel the market in APAC.
Segmentation:
The data recovery software market size has been premeditated for different segments based on component, application, platforms, deployment, industry, and region. Based on components, the data recovery software market into services and software. The software is further segmented into data reduction, data retention, and data replication. The services segment is sub-segmented into managed and professional services.
Based on deployment, the global data recovery software market is segmented into on-cloud and on-premise. By application, the global data recovery software market is segmented into personal and commercial. Based on platform, the global data recovery software market is segmented into Windows, Linux, and Mac. Based on industry, the data recovery software market is segmented into healthcare, BFSI, retail, IT & telecommunications, and media & entertainment.
Competitive Dashboard:
Some of the distinguished players present in the global data recovery software market include Oracle Corporation (U.S.), Dell Inc. (U.S.), IBM Corporation (U.S.), CA Technologies (U.S.), Microsoft Corporation (U.S.), Acronis International GmbH (Switzerland), Hewlett Packard Enterprise Development LP (U.S.), Commvault (U.S.), NetApp, Inc.(U.S.), and Veritas Technologies LLC (U.S.).
The MRFR report has also covered some key innovators in the data recovery software market. Some of these prominent innovators include Unitrends Inc. (U.S.), Actifio (U.S.), Altaro (U.S.), Veeam Software (Switzerland), Micro Focus International plc. (U.K), Infrascale Inc. (U.S.), StorageCraft Technology Corporation (U.S.), and Carbonite, Inc. (U.S.).
Industry Update
July 2019: SALVAGEDATA recently introduced a completely free data recovery software which facilitates the recovery of accidentally deleted files. Further, it also supports drives from all makers with NTFS, FAT and exFAT classification system.
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