Many industries such as healthcare, and retail are moving towards the adoption of data protection and security solutions to protect their digital assets against cyber-crime. The market for data protection and recovery software is growing progressively due to the extensive requirement for solutions that can provide data resiliency, operational efficiencies, and timely information related to installed data center infrastructure.
Software Market
Data protection and recovery software provides data backup, integrity and security for data backups and it enables timely, reliable and secure backup of data from a host device to destination device. Recently, Data Protection and Recovery Software market is disrupted by innovative technologies such as server virtualization, disk-based backup, and cloud services where emerging players are playing important role. Tier one players such as Rightapplications, Get-Dev, IBM, Hewlett Packard Enterprise, EMC Corporation, Symantec Corporation and Microsoft Corporation are also moving towards these technologies through partnerships and acquisitions.
The major factor driving data protection and recovery software market is the high adoption of cloud based services and technologies. Many organizations are moving towards cloud to reduce their operational expenses and to provide real time access to their employees. However, increased usage of cloud, has increased the risk of data loss and data theft and unauthorized access to confidential information, which increases the demand for data protection and recovery solution suites.
The restraint for data protection and recovery software market has always been the lesser availability of cost effective software suites in the market due to which many organizations unable to implement these data protection solutions. Moreover, rapid growth of data, costly compliances, management of redundant hardware and software in multiple locations, and data corruption are some other challenges that organizations are facing while adopting these data protection and recovery suites.
cloud computing