Personal Data Recovery Software is anticipated to reach USD 0.85 Billion with a 10.92% CAGR.

Personal Data Recovery Software Market Highlights

North America consists of the US, Canada, and Mexico. Businesses in the region are investing heavily in such solutions to ensure business continuity. The solutions eliminate complex IT silos, simplify operations, and reduce costs while meeting enterprise service level agreements (SLAs), resulting in substantial investments in such solutions. The key reason for investments in personal data recovery software in the country is the significant growth in data and the continuous need for uninterrupted business operations. Other factors driving market expansion include technological improvements and the rising trend of cloud computing. Data loss caused by natural disasters or cyberattacks has resulted in significant revenue loss for Canadian consumers. As a result, consumers are shifting away from traditional data recovery solutions and toward more advanced, cloud-based solutions that are less expensive and easier to manage.

For the scope of the study, Europe includes the UK, Germany, France, and the rest of Europe. Growing knowledge about the advantages of data recovery, an increase in the frequency of cyber-attacks, and an increase in data volume are all factors driving the data recovery software market forward. Germany has seen a significant increase in demand for data recovery solutions, owing largely to increased activity among consumers to efficiently protect and recover sensitive data and thus maintain business continuity. Factors such as the exponential growth of data, the increasing need for data security and privacy concerns, operational excellence and data quality management, and the increasing adoption of cloud data backup are also causing consumers in the region to adapt data recovery solutions at a faster rate.

The Asia-Pacific personal data recovery software market is estimated to grow significantly during the forecast period. It is one of the most lucrative regions for the personal data recovery software market, owing to the rising adoption of data backups and recovery software for commercial applications. Japan is one of the most significant country in Asia-Pacific in terms of personal data recovery software market growth. One of the primary reasons driving the market's growth is expected to be the increasing significance and usage of personal data recovery services in the nation.

Economic diversification, high-quality infrastructure, improved connectivity, reduced government rules, and fresh investments in the technology industry are the primary driving forces in the Middle East and African nations' IT sectors. Growing knowledge about the advantages of data recovery, an increase in the frequency of cyber-attacks, and an increase in data volume are all factors driving the personal data recovery software market forward in South America.

Global Personal data recovery software Market Share, by Region, 2021 (%)Source: MRFR Analysis

Covid Impact Analysis

Many organizations made substantial cuts in spending in almost every category, observed flat or increasing technology budgets in most organizations. Many leading technology providers reported that the pandemic brought an opportunity to quickly recalibrate technology investments and hasten the existing investment plans. One of the most interesting aspects of the pandemic crisis is that, for several companies, the pandemic was more of an accelerator than an obstacle. Remote work, digital economy, supply chain enhancements, automation, and enhanced customer experience have changed the technology spending among organizations. Therefore, data recovery software spending also increased during the pandemic, along with key IT areas spending.

Segmentation

The global personal data recovery software  market has been segmented on the basis of pricing type, platform and region.

The global Personal data recovery software  market, based on the pricing type, the global personal data recovery software market has been segmented into monthly and yearly. Monthly subscription dominates the market and is expected to exhibit the fastest growth during the projected period. This can be attributed to price sensitivity among the end users.

The global Personal data recovery software  market, based on the platform, the market has been segmented into Windows, Mac, Linux, and others. Windows operating system dominates the personal data recovery software market and is expected to retain its dominance throughout the projected period. This can be mainly attributed to a large number of users of Windows. Mac is a Unix-like operating system developed and marketed by Apple Inc. since 2001. It is the key operating system for Apple's Mac computers.

Key Players

Some of the prominent players operating in the global Personal data recovery software market include Oracle Corporation, IBM Corporation, Dell Inc., Hewlett Packard Enterprise Development LP, Microsoft, EaseUS, CleverFiles (Disk Drill Data Recovery), DISKGENIUS (Eassos Ltd.), RECOVERIT Wondershare Technology Co., and Stellar Data Recovery.