Data Resiliency Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The data resiliency market is expected to register a CAGR of 15.3% during 2023–2031. Growing emphasis on operational excellence and data quality management solutions is likely to remain a key trend in the market.

Data Resiliency Market Analysis

• The data resiliency market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
• The data resiliency market is growing owing to factors such as the rising number of cyberattacks, increasing volume of data generated from various sources, increasing concerns regarding data safety and security, and rising adoption of cloud-based data backup and recovery solutions.
• Integration with advanced technologies such as AI and ML to provide lucrative opportunities for the data resiliency market.

Data Resiliency Market Overview

• The ability of an organization to safeguard, restore, and preserve its data in the face of unforeseen circumstances or disruptions is known as data resilience.
• Events such as cyberattacks, software bugs, hardware malfunctions, natural calamities, or human mistakes can be included in this category.
• A robust data infrastructure is made to guard against data loss, reduce downtime, and bounce back fast from unfavorable events.
• Data resilience has several advantages. It lowers downtime, boosts dependability, and offers protection against data loss. Organizations can strengthen business continuity planning and their capacity for disaster recovery by putting in place efficient data resiliency strategies.

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Data Resiliency Market: Strategic Insights

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Data Resiliency Market Drivers and Opportunities

Rising Number Of Cyberattacks to Favor Market

• Businesses are facing continuous threat of cybercrimes, as they have grown more widespread in recent years.
• According to OneLogin, between 2021 and 2021, cyberattacks in the US increased by 139% as the country registered a staggering 145.2 million cases in Q3 2021. Malware attacks increased by 358% in 2021 when compared to 2021.
• Similarly, according to the Clusit Report, cyberattacks across the globe have increased by 10% in 2021 when compared to the previous year. For instance, according to AAG, the UK had the highest figure of cybercrime victims per million internet users (4,783 users) in 2022, an increase of 40% over 2021 figures.
• The average cost of a cyber breach was US$ 4.35 million in 2022, and it is predicted that this value is expected to reach US$ 10.5 trillion by 2031.
• The loss or unavailability of critical data can have serious consequences, such as monetary loss, harm to one's reputation, and even legal responsibilities. Thus, maintaining data resiliency is crucial for organizations as cyberattacks become more sophisticated.

Integration with Advanced Technologies Such as AI and ML  

• Artificial intelligence (AI) and machine learning (ML) are being used more and more in the development of new data resiliency technologies and tactics.
• These technologies assist in identifying more sophisticated attacks, revealing concealed data anomalies, and automating several data resilience tasks.
• With the use of these technologies, organizations may more effectively detect and counteract possible risks to data integrity, perform backup and recovery procedures more quickly, and use more clever data classification and lifecycle management techniques.
• Artificial intelligence (AI) enables systems to identify abnormalities more effectively, react in real-time to changing security threats, and provide self-healing processes. Businesses may enhance disaster recovery planning, create customized resilience plans, and optimize data compression and storage methods by utilizing machine learning algorithms.

Data Resiliency Market Report Segmentation Analysis

Key segments that contributed to the derivation of the data resiliency market analysis are component, deployment, enterprise size, and end user.

• By component, the market is bifurcated into solutions and services.
• By deployment, the market is bifurcated into cloud and on-premises.
• By enterprise size, the market is bifurcated into small and medium-sized enterprises (SMEs), and large enterprises.
• By end user, the market is segmented into IT & telecom, retail & e-commerce, BFSI, healthcare & life sciences, and others.

Data Resiliency Market Share Analysis by Geography

• The data resiliency market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering data resiliency market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the data resiliency market in these regions.

Data Resiliency Market Regional Insights

The regional trends and factors influencing the Data Resiliency Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Data Resiliency Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Data Resiliency Market Report Scope

Data Resiliency Market Players Density: Understanding Its Impact on Business Dynamics

The Data Resiliency Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Data Resiliency Market are:

1. Acronis International GmbH
2. Asigra Inc.
3. Open Text Corporation
4. CenturyLink
5. Commvault
6. IBM

Disclaimer: The companies listed above are not ranked in any particular order.

Data Resiliency Market News and Recent Developments

The data resiliency market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the data resiliency market are listed below:

• Veeam Software announced the next generation of Veeam Data Cloud for Microsoft 365 with the new capabilities offered by Microsoft 365 Backup Storage. Veeam Data Cloud, which is built on Microsoft Azure, provides backup-as-a-service (BaaS) for Microsoft 365, enabling data resilience and leveraging powerful data protection and security technology within a simple, seamless user experience. (Veeam Software, Press Release, August 2024)
• Veritas Technologies announced artificial intelligence (AI)--powered advancements in Veritas 360 Defense. With the industry’s first self-defending data protection solution, a generative AI-powered operational copilot, and new ecosystem partners, organizations can more rapidly recover from ransomware attacks. (Veritas Technologies, Press Release, April 2024)
• Kyndryl, the world’s largest IT infrastructure services provider, announced a global strategic alliance and new Kyndryl services with Rubrik, the Zero Trust Data Security Company, to launch new cyber resiliency services, enhancing data security and recovery for healthcare and finance industry organizations across industries, such as healthcare, banking, and education.

Data Resiliency Market Report Coverage and Deliverables

The “Data Resiliency Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Data resiliency market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Data resiliency market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Data resiliency market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the data resiliency market
• Detailed company profiles