Data Protection Recovery Solution Market

Rise of cyberattack cases is driving the market growth

The increase in cyberattacks, the growing concern about data security, and the growing drive to save operating expenses all contribute to the growth and increase in demand for data protection and recovery solutions. Cybercrime occurrences are increasing as the world adopts cloud data storage more widely. As a result, the market for data protection and recovery solutions is anticipated to expand due to rising worries about cybercrime. For instance, the FBI's Internet Crime Report 2021 states that 847,376 complaints about cybercrime were made by members of the American public in the year, a 7% rise from the previous year.

Information technology, telecommunications, healthcare, e-commerce, defence, energy, and electricity are a few of the vertical industry applications for data protection and recovery integrated systems. The new generation of data protection and recovery solution for Oracle engineered systems and some of the solutions related to Oracle systems benefit greatly from Oracle optimizations solutions for data backup and recovery.

Additionally, the reliance of both small and large businesses on the business software used by organisations, such as enterprise resource planning and customer relationship management. Enterprises now need to function effectively and be dependable when it comes to data protection solutions that give security and secret information due to the organization's rapid size expansion. The ability to store information in the cloud has increased with the amount of irrelevant data.

Since its operating costs are lower, it increases opportunities and reliability as well as the convenient and prompt backup that originates from the host and ends up in the target system.

However, this market has adopted tremendous growth due to the rise in flexibility and homogeneity. The industry grows as new approaches to disaster management in the cloud are used, coupled with the provision of some backup solutions. In addition to that, the cloud offers endless storage options, storage capacities, and end-to-end encryption capabilities to ensure security and make it simple to backup data related to corporate assets. The organization's efforts to train professionals and lessen compatibility concerns are being reduced by some developments in these technologies, such as the usage of enhanced user surfaces and some management interfaces.

Furthermore, data protection and recovery solutions are made possible by the increased security concerns brought on by an employee utilizing a personal device for work. Consequently, it is anticipated to accelerate the expansion of the market for data protection and recovery solutions. For instance, more than 80% of businesses have BYOD rules of some sort, and it is believed that about 70% of employees use their own devices at work. Thus, driving the data protection and recovery solution market revenue.

The Global Data Protection and Recovery Solution Market Industry is propelled by the exponential growth of data generated across various sectors. With the proliferation of IoT devices, social media, and digital transactions, organizations are faced with managing vast amounts of data. This surge in data volume necessitates sophisticated data protection and recovery solutions to prevent data loss and ensure business continuity. As organizations grapple with the challenges of data management, the market is expected to expand significantly. The projected growth to 0.55 USD Billion by 2035 underscores the urgency for effective data protection strategies in an increasingly data-driven world.

The Global Data Protection and Recovery Solution Market Industry is experiencing heightened demand due to the escalating frequency and sophistication of cyber threats. Organizations are increasingly recognizing the necessity of robust data protection measures to safeguard sensitive information. For instance, in 2024, the market is projected to reach 0.13 USD Billion, reflecting a growing awareness of the importance of data security. As cyberattacks become more prevalent, businesses are compelled to invest in comprehensive recovery solutions to mitigate potential losses. This trend is likely to continue, as the industry anticipates a compound annual growth rate of 13.92% from 2025 to 2035.

The Global Data Protection and Recovery Solution Market Industry is significantly influenced by stringent regulatory frameworks that mandate data protection measures. Governments worldwide are implementing regulations to ensure the security and privacy of personal data, compelling organizations to adopt comprehensive data recovery solutions. Compliance with regulations such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States necessitates robust data management strategies. As organizations strive to meet these legal obligations, the market is expected to grow, with projections indicating a rise to 0.55 USD Billion by 2035, highlighting the critical role of compliance in driving market expansion.

The Global Data Protection and Recovery Solution Market Industry is being shaped by the emergence of innovative technologies such as artificial intelligence and machine learning. These advancements are enhancing the capabilities of data protection solutions, enabling organizations to proactively identify and mitigate risks. By leveraging predictive analytics, businesses can anticipate potential data breaches and implement preventive measures. The integration of these technologies is likely to drive market growth, as organizations seek to stay ahead of evolving threats. The anticipated compound annual growth rate of 13.92% from 2025 to 2035 suggests that innovation will play a pivotal role in shaping the future landscape of data protection and recovery solutions.

The Global Data Protection and Recovery Solution Market Industry is witnessing a surge in demand driven by the increasing adoption of cloud technologies. Organizations are migrating their data to cloud platforms for enhanced accessibility and scalability, which necessitates effective data protection strategies. Cloud service providers are integrating advanced recovery solutions to ensure data integrity and availability. This trend is particularly evident as businesses seek to leverage the benefits of cloud computing while safeguarding their data assets. The market's growth trajectory suggests that as cloud adoption continues to rise, the demand for data protection solutions will follow suit, further solidifying the industry's position in the global market.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American data protection and recovery solution market area will dominate this market. This is a result of the rise in hacking and data loss occurrences, which is pushing businesses to use security software. The United States' power infrastructure, oil and gas pipelines, and water pipelines have all been hacked by foreigners on many occasions in recent years, according to reports. In order to guarantee data protection and stop cyberattacks, a robust security strategy was developed as a result.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: DATA PROTECTION AND RECOVERY SOLUTION MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe data protection and recovery solution market accounts for the second-largest market share because there is a lot of awareness and a lot of desire for implementation. The region's data centre market has had solid growth as a result of the rise in SMEs. Additionally, as a result of all the advancements and the growing amount of data being saved online, this area has seen a surge in cybercrimes and data breaches. This is anticipated to accelerate the market's expansion in the area.

Further, the German data protection and recovery solution market held the largest market share, and the UK data protection and recovery solution market was the fastest growing market in the European region

The Asia-Pacific Data protection and recovery solution Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the growing use of hosted and managed services in developing countries like Australia, China, and India. The increased danger of information loss and unauthorized access posed by these services is anticipated to increase demand for security products. Moreover, China’s data protection and recovery solution market held the largest market share, and the Indian data protection and recovery solution market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the data protection and recovery solution market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, data protection and recovery solution industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the data protection and recovery solution industry to benefit clients and increase the market sector. In recent years, the data protection and recovery solution industry has offered some of the most significant advantages to market. Major players in the data protection and recovery solution market attempting to increase market demand by investing in research and development operations include IBM (U.S), Oracle (U.S), Hewlett Packard (U.S), Veeam Software (U.S), Commvault (U.S), McAfee (U.S), Symantec (U.S), CA Technologies (U.S), Acronis International GmbH (Switzerland) and NetApp (U.S).

IT security solutions are offered by McAfee Corp, a division of Advent International Corp, to a number of industrial clients. It offers services for personal data cleanup, identity monitoring, free antivirus trial, security freeze, virtual private network protection, free antivirus trial, identity theft coverage and restoration, web protection, protection score, free antivirus trial password manager, and parental controls. It creates a seamless and comprehensive digital moat by incorporating device security, privacy and secure Wi-Fi, online protection, and identity protection.

Acronis International GmbH (Acronis) is an information technology firm that offers solutions for data protection and disaster recovery. The business provides secure file-sharing solutions, system setup, and backup software for physical, virtual, and cloud servers. Its offerings also include backup advanced for vCloud, cyber protect, files cloud, cloud storage, notary cloud, cyberinfrastructure, cyberappliance, cloud security, cloud manager, cloud migration, and cyber fit score. Businesses large and small, as well as consumers, are served by Acronis.