The global data recovery software market size is predicted to grow at a significant CAGR of 12% during the forecast period 2022-2027.
A data recovery software is one type of software that retrieves the deleted, corrupted, or inaccessible data from a stored device. This software is highly preferable by IT professionals to recover the data by referring and accessing the file structures from physical storage devices and cloud storage. Based on the data stored device, the data recovery process varies. For example, in hardware devices, the files can be restored within the device itself, on the other side, the server’s data involves a set of complex processes. A data recovery software is used to aid in the retrieval the corrupted, deleted, or inaccessible data from a device. This software is commonly used by IT professionals for the recovery of data from physical storage devices and cloud storage by accessing and referring the file structures. A data recovery process changes according to the storage device.
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The world data recovery software market regional segments are North America and Europe. Following Asia Pacific and the Rest of the world. North America can holds the major share of the global data recovery market through the review period. The region houses numerous top notch companies and the adoption of modern technologies for recovery solutions can support North America data recovery software market growth. The high availability of reliable backup solutions and recovery software can bolster the market growth. In Asia Pacific, the data recovery market can exhibit high growth rate for the forecast period. The rise of the regional market can primarily be due to the adoption of recovery software by sectors, such as IT and BFSI to protect and backup important data. The rise in various start-ups can results in expansion of the regional market. In addition, the need for data backup facilities can fuel the market in APAC.
The data recovery software market has been premeditated for different segments based on component, application, platforms, deployment, industry, and region. Based on components, the data recovery software market into services and software. The software is further segmented into data reduction, data retention, and data replication. The services segment is sub-segmented into managed and professional services.
Based on deployment, the global data recovery software market is segmented into on-cloud and on-premise. By application, the global data recovery software market is segmented into personal and commercial. Based on platform, the global data recovery software market is segmented into Windows, Linux, and Mac. Based on industry, the data recovery software market is segmented into healthcare, BFSI, retail, IT & telecommunications, and media & entertainment.
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Some of the distinguished players present in the global data recovery software market include Oracle Corporation (U.S.), Dell Inc. (U.S.), IBM Corporation (U.S.), CA Technologies (U.S.), Microsoft Corporation (U.S.), Acronis International GmbH (Switzerland), Hewlett Packard Enterprise Development LP (U.S.), Commvault (U.S.), NetApp, Inc.(U.S.), and Veritas Technologies LLC (U.S.).
The MRFR report has also covered some key innovators in the data recovery software market. Some of these prominent innovators include Unitrends Inc. (U.S.), Actifio (U.S.), Altaro (U.S.), Veeam Software (Switzerland), Micro Focus International plc. (U.K), Infrascale Inc. (U.S.), StorageCraft Technology Corporation (U.S.), and Carbonite, Inc. (U.S.).
This global data recovery software market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the data recovery software market drivers, restraints, challenges, and opportunities. The data recovery software market forecast segments into six forms as deployment, platform, component, application, industry, and region.
July 2019: SALVAGEDATA recently introduced a completely free data recovery software which facilitates the recovery of accidentally deleted files. Further, it also supports drives from all makers with NTFS, FAT and exFAT classification system.
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