Global Data Resiliency Market By Component(Solutions, Services), By Deployment(On-premise, Cloud), By Organization Size(arge Enterprises, SMEs), By Vertical(BFSI, IT & Telecommunication, Government, Retail & Consumer Goods, Manufacturing, Healthcare, Other Verticals), Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The Global Data Resiliency Market size is expected to be worth around USD 94.5 Billion By 2033, from USD 20.9 Billion in 2023, growing at a CAGR of 16.3% during the forecast period from 2024 to 2033. North America will dominate a 38.1% market share in 2023 and hold USD 7.95 Billion in revenue from the Data Resiliency Market.

Data resiliency refers to the ability of a storage system or network to maintain and recover data integrity in the face of hardware failures, cyber-attacks, or other disruptions. It ensures that data remains accessible and secure, regardless of any adverse conditions affecting the system.

The Data Resiliency Market is growing, driven by the increasing adoption of cloud-based solutions and the heightened need for data protection in sectors like finance, healthcare, and IT. As businesses generate more data, the demand for robust backup and disaster recovery solutions is rising, enhancing market growth.

The key growth drivers include rising cyber threats, regulatory requirements for data protection, and the expanding digital economy.

The market presents opportunities to develop advanced, scalable, and cost-effective resiliency solutions that cater to the evolving needs of global enterprises. Integrating AI for predictive analytics in data resiliency strategies also opens new avenues for innovation.

The Data Resiliency Market is poised for significant growth, catalyzed by substantial investments in infrastructure aimed at enhancing data security and system robustness. Notably, the U.S. Infrastructure Act of 2021 has earmarked $3.45 billion for grid resilience and reliability. This funding is set to initiate around 400 microgrid projects, according to microgridknowledge. These projects are critical as they bolster the backbone of data resiliency by ensuring continuous power supply and robust data infrastructure, essential for data integrity during adverse conditions.

Similarly, in a bold move reflecting its commitment to infrastructure, the Indian government’s budget allocation for the fiscal year 2024-2025 stands at ₹11,11,111 crore, approximately 3.4% of its GDP. This allocation, as reported by pib.gov.in, includes substantial provisions for infrastructure enhancements that directly contribute to data resiliency. This strategic focus on infrastructure is expected to provide a robust foundation for advancing data protection technologies and systems.

The emphasis on safeguarding data against the increasing frequency and sophistication of cyber-attacks, coupled with compliance with evolving data protection regulations, will continue to drive demand for advanced data resiliency measures. Consequently, the market is anticipated to witness robust growth, spurred by these catalytic investments in foundational infrastructural projects.

Key Takeaways

• The Global Data Resiliency Market size is expected to be worth around USD 94.5 Billion By 2033, from USD 20.9 Billion in 2023, growing at a CAGR of 16.3% during the forecast period from 2024 to 2033.
• In 2023, Solutions held a dominant market position in the By Component segment of the Data Resiliency Market, capturing more than a 68% share.
• In 2023, Cloud held a dominant market position in the By Deployment segment of the Data Resiliency Market, capturing more than a 55% share.
• In 2023, Large Enterprises held a dominant market position in the By Organization Size segment of the Data Resiliency Market, capturing more than a 64% share.
• In 2023, BFSI held a dominant market position in the vertical segment of the Data Resiliency Market, capturing more than a 30% share.
• North America will dominate a 38.1% market share in 2023 and hold USD 7.95 Billion in revenue from the Data Resiliency Market.

By Component Analysis

In 2023, Solutions held a dominant market position in the “By Component” segment of the Data Resiliency Market, capturing more than a 68% share. This substantial market share underscores the increasing reliance on robust data recovery and protection strategies that are integral to maintaining business continuity in the face of cyber threats, system failures, and other disruptive events. Solutions in data resiliency ensure that organizations can quickly recover critical data, thereby minimizing downtime and facilitating continuous operational flow.

On the other hand, Services associated with data resiliency, though smaller in market share, are vital for implementing these solutions effectively. These services include consulting, implementation, support, and maintenance, which help organizations tailor data resiliency solutions to meet specific business requirements and regulatory compliance standards.

As businesses increasingly recognize the importance of expert guidance and customized services to enhance their data protection strategies, the demand for services in the data resiliency market is expected to grow, complementing the solutions segment.

Together, these segments form the backbone of the data resiliency market, ensuring organizations have both the technology and expertise needed to protect and recover data in an increasingly digital and risk-prone environment.

By Deployment Analysis

In 2023, Cloud held a dominant market position in the “By Deployment” segment of the Data Resiliency Market, capturing more than a 55% share. This prominence is primarily due to the scalability, flexibility, and cost-effectiveness that cloud-based solutions offer. As enterprises continue to prioritize digital transformation, the cloud serves as a foundational platform for deploying advanced data resiliency solutions that provide robust disaster recovery and seamless data backup capabilities.

Conversely, the On-premise deployment segment, while smaller in share, remains relevant for organizations requiring enhanced control over their data security and those with stringent data governance and regulatory requirements. These entities often rely on on-premise solutions to gain complete authority over their physical and IT security measures, which cloud environments sometimes cannot guarantee.

As the market evolves, the cloud segment is expected to grow further, driven by the ongoing shift towards cloud services and the increasing adoption of hybrid cloud environments that combine the security of on-premise solutions with the scalability of cloud services. This trend underscores a dynamic and rapidly growing market landscape where cloud deployments are increasingly becoming the norm for achieving comprehensive data resiliency.

By Organization Size Analysis

In 2023, Large Enterprises held a dominant market position in the “By Organization Size” segment of the Data Resiliency Market, capturing more than a 64% share. This significant market share highlights the critical need for comprehensive data resiliency solutions among large organizations that manage vast volumes of data across multiple global locations.

These enterprises prioritize robust data protection frameworks to safeguard against data breaches, system disruptions, and compliance risks, which can have substantial financial and reputational repercussions.

Conversely, Small and Medium-sized Enterprises (SMEs), though holding a smaller portion of the market, are increasingly recognizing the importance of data resiliency. As digital transformation initiatives become more widespread among SMEs, the demand for affordable and scalable resiliency solutions is growing. These solutions enable SMEs to compete more effectively in the digital economy by ensuring their operational continuity and data integrity.

The trend indicates a growing market for data resiliency solutions tailored to different organizational sizes, with large enterprises continuing to drive substantial demand. Meanwhile, the expanding awareness and adoption among SMEs point to potential growth opportunities for solution providers in this segment, aiming to cater to a broader range of business needs and capacities.

By Vertical Analysis

In 2023, BFSI (Banking, Financial Services, and Insurance) held a dominant market position in the “By Vertical” segment of the Data Resiliency Market, capturing more than a 30% share. This leading position underscores the critical importance of data resiliency within financial sectors that handle sensitive customer information and substantial financial transactions. The emphasis on ensuring data integrity, preventing data breaches, and complying with stringent regulatory requirements drives the BFSI sector’s investment in advanced data resiliency solutions.

Other significant verticals in the market include IT & Telecommunication, Government, Retail & Consumer Goods, Manufacturing, Healthcare, and other industries. Each of these sectors recognizes the need for robust data protection strategies to mitigate risks associated with data loss and ensure business continuity. However, the BFSI sector’s reliance on real-time data processing and the need for high-security measures contribute to its substantial share in the data resiliency market.

As digital transformation continues to penetrate various industries, the demand for data resiliency solutions is expected to grow, with BFSI maintaining its lead due to the ever-evolving financial landscape and the increasing sophistication of cyber threats targeting this sector.

Key Market Segments

By Component

• Solutions
• Services

By Deployment

• On-premise
• Cloud

By Organization Size

• Large Enterprises
• SMEs

By Vertical

• BFSI
• IT & Telecommunication
• Government
• Retail & Consumer Goods
• Manufacturing
• Healthcare
• Other Verticals

Drivers

Key Drivers in Data Resiliency

In the ever-evolving world of technology, the need for robust data resiliency solutions is crucial, driven primarily by the increasing frequency and sophistication of cyber threats. As businesses and organizations generate vast amounts of data, the potential impact of data breaches or losses grows significantly, making data resiliency more essential.

This urgency is compounded by stringent regulatory requirements across various industries, requiring entities to maintain higher standards of data protection and recovery. Moreover, the widespread adoption of cloud technologies encourages enterprises to invest in data resiliency to ensure their data remains secure and recoverable across multiple platforms.

This drive is not just about safeguarding data but also about ensuring business continuity and enhancing trust among stakeholders, thus fueling the market for data resiliency solutions.

Restraint

Challenges in Data Resiliency

One significant challenge in the data resiliency market is the high cost associated with implementing comprehensive data protection and recovery solutions. For many small to medium-sized businesses, these costs can be prohibitive, making it difficult to adopt advanced data resiliency measures.

Additionally, the complexity of managing these systems can deter organizations from upgrading their data security infrastructure. As technologies evolve, the need for skilled professionals to manage and maintain data resiliency systems becomes more critical, adding to the overall expense.

This complexity and cost issue not only slows down the adoption rate of new and effective data resiliency solutions but also limits the market’s growth potential, as companies might opt for less expensive, albeit less robust, data protection alternatives.

Opportunities

Expanding Data Resiliency Opportunities

The data resiliency market is ripe with opportunities, especially as digital transformation accelerates across various sectors. This transformation leads to more data generation, necessitating robust data resiliency solutions to manage, protect, and recover data efficiently.

Another significant opportunity lies in the increasing adoption of cloud services. As more organizations move their data to the cloud, there is a growing demand for cloud-based data resiliency solutions that can offer seamless data backup and recovery across multiple environments.

Furthermore, the rise of regulatory requirements around data privacy and protection globally encourages businesses to enhance their data resiliency practices. This regulatory landscape not only drives compliance-related investments but also opens up avenues for innovation in data resiliency solutions, catering to specific industry needs and regulatory standards.

Challenges

Navigating Data Resiliency Challenges

A key challenge in the data resiliency market is the rapid pace of technological change, which can make existing data protection methods quickly outdated. As technology evolves, so do the methods used by cybercriminals to exploit vulnerabilities, creating a constant need for businesses to update and strengthen their data resiliency strategies.

This continuous requirement for innovation and investment can strain resources, especially for smaller organizations. Additionally, the integration of data resiliency solutions across diverse IT environments, including legacy systems, can be complex and problematic. This integration issue often leads to compatibility problems, adding further hurdles in creating efficient data protection strategies.

Such challenges not only complicate the management of data resiliency efforts but also impact the overall effectiveness of data protection measures, making it difficult for businesses to maintain continuity and trust.

Growth Factors

Growth Drivers in Data Resiliency

The data resiliency market is experiencing robust growth, driven by the escalating volume of data generated by businesses and the corresponding need to protect this data effectively. As companies increasingly rely on digital platforms for their operations, the demand for secure data backup and recovery solutions surges.

Additionally, the rise in cyber threats, such as ransomware and data breaches, compels organizations to prioritize data resiliency to safeguard sensitive information and ensure business continuity. Another significant growth factor is the expansion of regulations governing data protection globally, prompting companies to comply with stringent standards and thereby adopt advanced data resiliency solutions.

The growing adoption of cloud technologies also supports this trend, as businesses seek flexible, scalable, and cost-effective ways to manage and secure their data across multiple platforms.

Emerging Trends

Emerging Trends in Data Resiliency

Emerging trends in the data resiliency market are shaping the future of data protection and recovery. A notable trend is the increasing integration of artificial intelligence (AI) and machine learning (ML) technologies, which enhance the efficiency and accuracy of data resiliency solutions.

These technologies help automate recovery processes and predict potential threats, allowing for proactive protection measures. Additionally, there’s a growing shift towards multi-cloud strategies, where businesses utilize multiple cloud environments to enhance data availability and disaster recovery capabilities. This approach not only spreads the risk but also offers flexibility in data management.

Another trend is the emphasis on as-a-service models, such as Backup-as-a-Service (BaaS) and Disaster-Recovery-as-a-Service (DRaaS), which provide scalable and cost-effective solutions for companies of all sizes. These services reduce the need for extensive on-premise infrastructure, aligning with the broader move toward cloud computing.

Regional Analysis

The Data Resiliency Market showcases a robust regional segmentation, with North America standing as a dominant force, commanding a 38.1% market share valued at USD 7.95 billion. This prominence is attributed to the region’s advanced IT infrastructure, widespread adoption of cloud technology, and stringent data protection regulations that drive the demand for resilient data solutions.

In Europe, the market is driven by increased data protection directives like GDPR, coupled with a growing preference for cloud-based solutions among enterprises. This region’s focus on safeguarding data against cyber threats fosters a healthy growth environment for data resiliency solutions.

The Asia Pacific region is witnessing rapid growth due to rising digitalization across businesses, government sector investments in cybersecurity infrastructure, and the burgeoning IT services sector in countries like India and China. This region is expected to experience significant growth rates in the upcoming years.

The Middle East & Africa and Latin America are emerging as potential growth areas. These regions are gradually embracing digital transformation, which in turn fuels the demand for data resiliency solutions to ensure business continuity and data protection against increasing cyber threats. Investments in IT infrastructure and a growing awareness of data security are key factors propelling the market in these regions.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

In the global Data Resiliency Market in 2023, key players such as CenturyLink, Inc., Commvault Systems, Inc., and IBM Corporation have been pivotal in shaping market dynamics through their innovative solutions and strategic initiatives.

CenturyLink, Inc., rebranded as Lumen Technologies, has focused on enhancing its cloud-based solutions, which are crucial for ensuring data resiliency. The company’s robust network infrastructure and integrated security solutions position it uniquely to address the rising demand for disaster recovery and business continuity solutions amid growing cyber threats. Their strategy emphasizes improving operational efficiencies and expanding their customer base across various industries, which could drive significant growth and market share.

Commvault Systems, Inc. continues to excel in the data resiliency sphere by offering comprehensive data management and protection solutions. Their flagship product, Commvault Complete Backup & Recovery, is widely recognized for its ability to handle diverse and complex environments. The company’s commitment to innovation is evident in its continuous software updates and integration of AI to enhance data resiliency. These efforts not only strengthen customer trust but also expand their market presence.

IBM Corporation remains a dominant force, leveraging its extensive technological expertise and global reach. IBM’s resiliency services are backed by advanced analytics and cloud technologies, offering robust solutions that support enterprises in maintaining continuous business operations. Their strategy involves deep integration of AI and automation within their resiliency solutions, targeting a broad range of industries from healthcare to finance, which ensures a strong competitive edge.

Top Key Players in the Market

• Acronis International GmbH
• Asigra Inc.
• Carbonite, Inc. (OpenText Corporation)
• CenturyLink, Inc.
• Commvault Systems, Inc.
• IBM Corporation
• Microsoft Corporation
• NetApp, Inc.
• Veritas Technologies LLC
• VMware, Inc. (Dell Technologies Inc.)
• Micro Focus International plc
• Other Key Players

Recent Developments

• In August 2023, IBM acquired a smaller tech firm to bolster its data security and resiliency services, enhancing its offerings in cloud solutions.
• In June 2023, CenturyLink rebranded as Lumen Technologies, aiming to enhance its network capabilities and customer service reach globally.
• In April 2023, Commvault launched a new data protection solution that simplifies recovery processes and reduces data loss risks.

Report Scope