Resilience is the capability of a database, storage system, network, or whole data center to rapidly restore and continue to function even when there is any power failure, mechanical failure, or other interruption has occurred. Data resilience can also be defined as a planned part of the facility and is usually linked to other aspects of data center disaster recovery such as data protection. They are usually obtained by using redundant parts, modules, systems or installations. Whenever the main component fails or faces any disruption, these redundant elements smoothly takes over and continues to support user-based computing products.
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Some of the factors responsible for the growth of Global Data Resiliency Market are:
- Increasing privacy concerns and need for data security: Today many businesses and companies are very concerned about their personal data and are using different technologies so they can protect their data from breaches and misuses. It is very important to protect the business data and information because it can affect their productivity and operations. These data sometimes contains sensitive information which can impact the overall functioning of the businesses; which is the factor privacy concern is an important factor
- Increasing adoption of cloud-based data backup and recovery solutions: Cloud backup is a type of service that uses cloud computing resources and infrastructure to build, modify, maintain, and restore data, services, or backup applications. This is usually done over the internet. Cloud backup operates when a cloud backup provider assigns worldwide accessible cloud storage over the Internet or backup software via a purpose-built user interface or vendor API. These cloud back up are very beneficial as they are reliable, decreases cost, keep important work protected, improve compliance safeguards, eliminate tape backup among others
The data resiliency market has been segmented based on component, deployment, organization size, and vertical. Based on component, the market has been segmented into solutions and services. The solutions segment of the market has been further classified into data backup & recovery, data archiving & e-discovery, and disaster recovery. The services segment of the market has been classified into professional services and managed services. The professional services in sub segmented as is sub- segmented as implementation & integration services, support & maintenance services, and disaster recovery. Based on deployment, the market has been segmented into on-premises and cloud. The data resiliency market has been segmented based on organization size into large enterprises and small & medium enterprises. Based on vertical, the market has been segmented into BFSI, IT & telecommunication, retail & consumer goods, government, public sector, healthcare, media & entertainment, manufacturing, and others such as law firms, hospitality, education, transportation, and logistics.
Some of the launches and acquisitions in the Global Data Resiliency Market are as follow:
- In April 2016, IBM Security announced the acquisition of Resilient Systems Inc. This acquisition will help both the companies to assist organizations in addressing the emerging security challenges they face. With this acquisition, the IBM will be able to strengthen their position in the security market and offer better solutions to their customers
- In October 2016, IBM announced the acquisition of Sanovi Technologies. Sanovi will improve its portfolio of resilience to handle their clients ' wide range of applications, software and IT systems combining virtual and hybrid cloud transition with enhanced regulatory compliance. With this acquisition they will be able to offer advanced resiliency solutions to their customer
“According to Data Bridge Market Research, global data resiliency market is expected to witness healthy CAGR of 18.2% in the forecast period of 2018- 2025”
Some of the major players operating in the global data resiliency unit market Acronis (Switzerland), Asigra Inc. (Canada), CA Technologies (US), Carbonite, Inc. (US), CenturyLink (US), Commvault Systems, Inc. (US), IBM (US), Micro Focus (UK), Microsoft (US), NetApp (US), Quest Software, Inc. (US), Unitrends (US), Veeam Software (Switzerland), Veritas Technologies LLC (US) and VMware (US).
Rising privacy concerns and rising adoption of cloud-based backup data and recovery solutions will accelerate the demand for the market. Increasing demand of the data resiliency from various end users such as healthcare, media and entertainment, BFSI and other is also expected to augment the market growth. Enterprises are having privacy concerns and demand for data security is growing, which is also expected to affect the market positively.
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