Global Data Recovery Services Market Overview:
Data recovery service, a process of restoring data that has been lost or corrupted data, varies depending on the cause for inaccessibility of data. It can be performed on the various types of storage media such as hard disk drive, flash drive, and memory or SD cards. The improved manageability and protection are some of the critical factors that will boost the data recovery service market growth in the upcoming years.
- Increasing Growth of Enormous Amount of Data
- Rising Need for Data Security and Privacy Concerns
- Operational Excellence and Data Quality Management
- Increasing Adoption of Cloud Data Recovery Services
- Strict Competition From Open-Source Alternatives
- Deployment of Data Maturity Model
- Blockchain Solutions for the Future of Data Backup
- Management of Unstructured Data
- Presence of Data Silos
Some of the key players profiled in the report are IBM Corporation (United States), Sims Recycling Solutions, Inc. (United States), Dell EMC (United States), Microsoft (United States), Veeam (United States), Oracle (United States), Lenovo (Hong Kong), Hewlett Packard Enterprise (United States), Minntek Solutions Inc. (United States), Atlantix Global Systems (United States), Veritas (United States) and Seagate Technology LLC (United States). Additionally, following companies can also be profiled that are part of our coverage like Avnet, Inc. (United States), NorthStar Group Services, Inc. (United States), Acronis (Unite States) and iQOR (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Data Recovery Services market by 2024. Considering Market by Organisation Size, the sub-segment i.e. Large Enterprises will boost the Data Recovery Services market. Considering Market by Deployment Model, the sub-segment i.e. Cloud Based will boost the Data Recovery Services market. Considering Market by Industrial Verticals, the sub-segment i.e. BFSI will boost the Data Recovery Services market. Considering Market by Service Type, the sub-segment i.e. Professional Services will boost the Data Recovery Services market.
In March 2019, Veritas acquires APTARE to enhance the analytics, reporting and protection of enterprise data. It supports hybrid cloud storage and backup systems, as well as technologies such as OpenStack, software-defined storage and flash infrastructures.
In June 2018, Veeam Software, the leader in Intelligent Data Management for the Hyper-Available Enterprise, announced it is expanding its footprint in Central Europe by opening a new research and development center in Prague, Czech Republic where engineers will work on innovative data management, automation, and Hyper-Availability technology. and In May 2018, Veritas Extends Partnership with Google Cloud, Offering New Veritas Data Protection and Governance Solutions for G Suite Platform Customers to visualize, archive and recover their data.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data Recovery Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Data Recovery Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Data backup and recovery solution providers, System Integrator, Training and Education Service Providers, Telecom and Communication Service Providers, Managed Service Providers, Data Security Providers, Data Quality Providers and Governments.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.