Data Resiliency Market Research and Forecast, 2019-2025
Global Data Resiliency Market Shows Growth in Due to Rising Demand for Data Security and Privacy | Market Opportunities and Forecast, 2019-2025 | Major Companies: Hewlett Packard Enterprise (HPE) Company, IBM Corp., Microsoft Corp., Oracle Corp.
Data resilience solutions are being accepted by various organizations to solve the complexities to confirm effective cost expansion of their businesses. These solutions help any organization to run smoothly even under a situation such as power failure, or malfunctioning. It is highly skilled through the use of facilities or systems, subsystems, and redundant components. Data involves confidential and crucial information like credit/debit card details, account numbers, transaction passwords, which needs timely backup and high security.
Another major factor that is boosting the market is increasing the adoption rate of cloud technology across the globe. Moreover, migration of data, applications, workflows and other elements of the business to the cloud continues. However, traditional data storage solutions, like on-premise, relational databases, don't provide an easy, affordable, and flexible solutions that cloud platforms like AWS, and Microsoft Azure provides.
Nowadays, organizations are equipped with disaster recovery and business continuity plans which include data recovery and multiple data centers. Furthermore, in case of natural disaster or a cyber attack, government agencies need the resiliency to bounce back quickly.
The market is segmented on the basis of deployment type and end-user. Based on the deployment type, the market is segmented into on-premise and cloud-based. Based on end-user, the market is segmented into BFSI, consumer & retail industry, IT & telecommunication, healthcare & life sciences and others.
Bureau of Labor Statistics has estimated that the cybersecurity field will grow 28% between 2016 and 2026. It has also been estimated that there will be a worldwide shortage of cybersecurity professionals up to 2 million. The higher demand will lead to a rise in salaries for these profiles. Moreover, it is estimated that the US employers posted 313,735 job opening for cybersecurity jobs between September 2017 and August 2018.
The global market is further classified on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. The solutions offered by the market are being adopted at a significant rate in the Asia-Pacific region and this growth is driven by increasing use in various verticals such as BFSI, IT, & Telecommunication, retail & consumer and healthcare. Asia-Pacific market is also expected to grow due to the rising instances of cyber attacks in this region.
· North America (the US and Canada)
· Europe (UK, Germany, France, Spain, and Italy)
· Asia-Pacific (China, India, South Korea, and Japan)
· Rest of the Word (the Middle East & Africa and Latin America)
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