Data Recovery Software Market Report - (Growth and Size by 2031)
The Data Recovery Software Market is expected to register a CAGR of 10.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Cloud-based, On-premises); Industry Vertical (BFSI, Healthcare, IT and Telecommunication, Media and Entertainment, Retail, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the ReportThe report Data Recovery Software Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Data Recovery Software Market Segmentation
Type- Cloud-based
- On-premises
- BFSI
- Healthcare
- IT and Telecommunication
- Media and Entertainment
- Retail
- Others
Strategic Insights
Data Recovery Software Market Growth Drivers- Rising Incidents of Data Loss and Cyberattacks: As cyberattacks, ransomware, and system failures continue to increase, businesses face growing risks of data loss. This fuels the demand for data recovery software to restore lost or corrupted files. The need for reliable data recovery solutions is heightened by the potential impact of data loss on business operations, leading organizations to invest in robust software to ensure quick recovery and continuity after incidents such as cyberattacks, accidental deletions, or hardware failures.
- Increasing Data Generation and Storage Needs: The growing volume of data generated by businesses, individuals, and devices creates more opportunities for data loss, requiring effective recovery solutions. As organizations store more data across various platforms, including cloud services and physical devices, the need for comprehensive data recovery tools becomes critical. These tools ensure that in the event of data corruption or loss, valuable information can be retrieved quickly, minimizing operational disruptions.
- Cloud-Based Data Recovery Solutions: The adoption of cloud-based data recovery solutions is gaining momentum as businesses increasingly migrate their operations to the cloud. Cloud platforms offer scalability, flexibility, and redundancy, making it easier for companies to store backups and recover data from any location. Cloud-based recovery solutions also reduce the need for extensive on-site infrastructure, allowing businesses to recover data quickly in case of system failures or data breaches, driving the growth of this trend.
- Integration with Artificial Intelligence (AI) and Automation: Data recovery software is increasingly incorporating AI and machine learning to enhance recovery processes. These technologies help improve the speed and accuracy of data recovery by predicting potential data loss scenarios, automating recovery processes, and optimizing data restoration from damaged files or storage devices. AI and automation are enabling more efficient and cost-effective data recovery, providing businesses with faster and more reliable solutions.
- Increasing Demand from Small and Medium Enterprises (SMEs): Small and medium-sized enterprises (SMEs) represent a significant growth opportunity for the data recovery software market. As more SMEs embrace digital transformation, the risk of data loss grows, and these businesses are increasingly seeking affordable, scalable data recovery solutions. Offering cost-effective, easy-to-use software designed specifically for SMEs can help vendors tap into this expanding market.
- Rising Adoption of IoT and Edge Devices: With the proliferation of Internet of Things (IoT) devices and edge computing, vast amounts of data are being generated and stored at the edge. The need for robust data recovery solutions to protect data across these devices presents a major opportunity. Vendors can develop specialized data recovery software that caters to the unique requirements of IoT networks, ensuring data continuity and security in edge environments.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Data Recovery Software Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Data Recovery Software Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Cloud-based data recovery integration is anticipated to play a significant role in the global data recovery software market in the coming years
The Data Recovery Software Market is estimated to witness a CAGR of 10.3% from 2023 to 2031
Rising data complexity and volume and increasing cybersecurity risks are the major factors driving the data recovery software market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Data Recovery Software Market - By Type
1.3.2 Data Recovery Software Market - By Industry Vertical
1.3.3 Data Recovery Software Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DATA RECOVERY SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DATA RECOVERY SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DATA RECOVERY SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. DATA RECOVERY SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. DATA RECOVERY SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DATA RECOVERY SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CLOUD-BASED
7.3.1. Overview
7.3.2. Cloud-based Market Forecast and Analysis
7.4. ON-PREMISES
7.4.1. Overview
7.4.2. On-premises Market Forecast and Analysis
8. DATA RECOVERY SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. HEALTHCARE
8.4.1. Overview
8.4.2. Healthcare Market Forecast and Analysis
8.5. IT AND TELECOMMUNICATION
8.5.1. Overview
8.5.2. IT and Telecommunication Market Forecast and Analysis
8.6. MEDIA AND ENTERTAINMENT
8.6.1. Overview
8.6.2. Media and Entertainment Market Forecast and Analysis
8.7. RETAIL
8.7.1. Overview
8.7.2. Retail Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. DATA RECOVERY SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Data Recovery Software Market Overview
9.1.2 North America Data Recovery Software Market Forecasts and Analysis
9.1.3 North America Data Recovery Software Market Forecasts and Analysis - By Type
9.1.4 North America Data Recovery Software Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Data Recovery Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Data Recovery Software Market
9.1.5.1.1 United States Data Recovery Software Market by Type
9.1.5.1.2 United States Data Recovery Software Market by Industry Vertical
9.1.5.2 Canada Data Recovery Software Market
9.1.5.2.1 Canada Data Recovery Software Market by Type
9.1.5.2.2 Canada Data Recovery Software Market by Industry Vertical
9.1.5.3 Mexico Data Recovery Software Market
9.1.5.3.1 Mexico Data Recovery Software Market by Type
9.1.5.3.2 Mexico Data Recovery Software Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Data Recovery Software Market Overview
9.2.2 Europe Data Recovery Software Market Forecasts and Analysis
9.2.3 Europe Data Recovery Software Market Forecasts and Analysis - By Type
9.2.4 Europe Data Recovery Software Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Data Recovery Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Data Recovery Software Market
9.2.5.1.1 Germany Data Recovery Software Market by Type
9.2.5.1.2 Germany Data Recovery Software Market by Industry Vertical
9.2.5.2 France Data Recovery Software Market
9.2.5.2.1 France Data Recovery Software Market by Type
9.2.5.2.2 France Data Recovery Software Market by Industry Vertical
9.2.5.3 Italy Data Recovery Software Market
9.2.5.3.1 Italy Data Recovery Software Market by Type
9.2.5.3.2 Italy Data Recovery Software Market by Industry Vertical
9.2.5.4 United Kingdom Data Recovery Software Market
9.2.5.4.1 United Kingdom Data Recovery Software Market by Type
9.2.5.4.2 United Kingdom Data Recovery Software Market by Industry Vertical
9.2.5.5 Russia Data Recovery Software Market
9.2.5.5.1 Russia Data Recovery Software Market by Type
9.2.5.5.2 Russia Data Recovery Software Market by Industry Vertical
9.2.5.6 Rest of Europe Data Recovery Software Market
9.2.5.6.1 Rest of Europe Data Recovery Software Market by Type
9.2.5.6.2 Rest of Europe Data Recovery Software Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Data Recovery Software Market Overview
9.3.2 Asia-Pacific Data Recovery Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Data Recovery Software Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Data Recovery Software Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Data Recovery Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Data Recovery Software Market
9.3.5.1.1 Australia Data Recovery Software Market by Type
9.3.5.1.2 Australia Data Recovery Software Market by Industry Vertical
9.3.5.2 China Data Recovery Software Market
9.3.5.2.1 China Data Recovery Software Market by Type
9.3.5.2.2 China Data Recovery Software Market by Industry Vertical
9.3.5.3 India Data Recovery Software Market
9.3.5.3.1 India Data Recovery Software Market by Type
9.3.5.3.2 India Data Recovery Software Market by Industry Vertical
9.3.5.4 Japan Data Recovery Software Market
9.3.5.4.1 Japan Data Recovery Software Market by Type
9.3.5.4.2 Japan Data Recovery Software Market by Industry Vertical
9.3.5.5 South Korea Data Recovery Software Market
9.3.5.5.1 South Korea Data Recovery Software Market by Type
9.3.5.5.2 South Korea Data Recovery Software Market by Industry Vertical
9.3.5.6 Rest of Asia-Pacific Data Recovery Software Market
9.3.5.6.1 Rest of Asia-Pacific Data Recovery Software Market by Type
9.3.5.6.2 Rest of Asia-Pacific Data Recovery Software Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Data Recovery Software Market Overview
9.4.2 Middle East and Africa Data Recovery Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Data Recovery Software Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Data Recovery Software Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Data Recovery Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Data Recovery Software Market
9.4.5.1.1 South Africa Data Recovery Software Market by Type
9.4.5.1.2 South Africa Data Recovery Software Market by Industry Vertical
9.4.5.2 Saudi Arabia Data Recovery Software Market
9.4.5.2.1 Saudi Arabia Data Recovery Software Market by Type
9.4.5.2.2 Saudi Arabia Data Recovery Software Market by Industry Vertical
9.4.5.3 U.A.E Data Recovery Software Market
9.4.5.3.1 U.A.E Data Recovery Software Market by Type
9.4.5.3.2 U.A.E Data Recovery Software Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Data Recovery Software Market
9.4.5.4.1 Rest of Middle East and Africa Data Recovery Software Market by Type
9.4.5.4.2 Rest of Middle East and Africa Data Recovery Software Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Data Recovery Software Market Overview
9.5.2 South and Central America Data Recovery Software Market Forecasts and Analysis
9.5.3 South and Central America Data Recovery Software Market Forecasts and Analysis - By Type
9.5.4 South and Central America Data Recovery Software Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Data Recovery Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Data Recovery Software Market
9.5.5.1.1 Brazil Data Recovery Software Market by Type
9.5.5.1.2 Brazil Data Recovery Software Market by Industry Vertical
9.5.5.2 Argentina Data Recovery Software Market
9.5.5.2.1 Argentina Data Recovery Software Market by Type
9.5.5.2.2 Argentina Data Recovery Software Market by Industry Vertical
9.5.5.3 Rest of South and Central America Data Recovery Software Market
9.5.5.3.1 Rest of South and Central America Data Recovery Software Market by Type
9.5.5.3.2 Rest of South and Central America Data Recovery Software Market by Industry Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. DATA RECOVERY SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. ACRONIS INTERNATIONAL GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BROADCOM
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COMMVAULT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DELL INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. IBM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MICROSOFT CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NETAPP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ORACLE CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VERITAS TECHNOLOGIES, LLC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Acronis International GmbH
2. Broadcom
3. Commvault
4. Dell Inc.
5. Hewlett Packard Enterprise Development LP
6. IBM
7. Microsoft Corporation
8. NetApp
9. Oracle Corporation
10. Veritas Technologies, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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