Data Recovery Software Market Is Expected To Grow at a CAGR Of 9.73% over the Forecast Period 2032

Press Release/- Market Research Future Published a Half Cooked Research Report on Global Data Recovery Software Research Report.

Market Overview:

Data recovery is the process of recovering data from the storage devices which is lost due to deleting or file corruption or hacking. The data loss can be due to logical failure or physical failure. In the case of logical failure, the files cannot be accessed even though they are visible in disk manager. This type of data can be recovered easily by restoring the device functions. Whereas, in the case of physical failure, the storage device gets damaged permanently, in which only the data can be restored through data replication.

The global data recovery software market is segmented into component, deployment, application, platform, industry, and region. On the basis of the component, the market is further classified into software and services. The software can be further segmented into data replication, data reduction, and data retention. Data replication involves the copying of data in from a computer to a distributed database which can be retrieved later. Data reduction is the process of reducing the amount of data that is being stored in the database. The data reduction uses different technologies like data deduplication and data compression, archiving data and others. The data deduplication removes the duplicate data present in the database thereby creating more space for storage and blocks for further modifications by unauthorized user. Data compression helps in reducing the size of a file by running algorithms to eliminate redundant data.

On the basis of the platform, the market is segmented into windows, Linux, Mac, and others. Among these, the windows are expected to hold major market share during the forecast period.  The deployment of data recovery software in the cloud encourages the enterprises, to adopt flexible pricing on pay per usage basis. The demand for reliable data recovery solutions is influencing the digital transformation across several verticals of the organization. The adoption of cloud provides an opportunity for market growth. Since data recovery software is built on the open platform; there is intense competition among the providers which would be a major challenge for the global data recovery software market.

Some of the major players in the global data recovery software market are Oracle Corporation (U.S.), IBM Corporation (U.S.), Dell Inc. (U.S.), CA Technologies (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Microsoft Corporation (U.S.), Commvault (U.S.), Veritas Technologies LLC (U.S.), NetApp, Inc.(U.S.), Acronis International GmbH (Switzerland) and others. Their players are highly concentrating on research and development in order to generate cost-effective product portfolio.

Some of the key innovators are Unitrends Inc. (U.S.), Veeam Software (Switzerland), Actifio (U.S.), Altaro (U.S.), Micro Focus International plc. (U.K), StorageCraft Technology Corporation (U.S.), Infrascale Inc. (U.S.), Carbonite, Inc. (U.S.) and others.