The data protection and recovery software market is expected to grow by USD 5.73 billion from 2021 to 2026 and register a CAGR of 12.21%, according to Technavio’s estimates.
With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis and summation of data from multiple sources.
The data protection and recovery software market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Data Protection And Recovery Software Market 2022-2026: Segmentation
By end-user, the data protection and recovery software market has been segmented into email protection, end-to-end data protection, application recovery management, cloud application protection, and others. The email protection segment will have significant market share growth during the forecast period. Email protection has become important owing to cyber threats such as phishing and email scams that target enterprises through email. Such initiatives are expected to drive segment growth during the forecast period.
By geography, the data protection and recovery software market has been segmented into North America, Europe, APAC, South America, and MEA. APAC will have the highest market share growth during the forecast period.
Data Protection and Recovery Software Market 2022-2026: Vendor Analysis
To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the data protection and recovery software market include Acronis International GmbH, Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Unitrends Inc., Veeam Software Group GmbH, and Veritas Technologies LLC. The key offerings of some of these vendors are mentioned below:
- Acronis International GmbH – The company offers data protection and recovery software that migrates systems between physical and virtual platforms quickly and restores an entire system to new, dissimilar hardware with a few simple clicks, under the brand name of Acronis.
- Commvault Systems Inc. – The company offers data protection and recovery software that ensure availability via a single interface for backup and recovery, under the brand name of Commvault.
- Dell Technologies Inc. – The company offers data protection and recovery software that are designed to reliably protect the most important digital documents and memories in just a few clicks, under the brand name of Dell Technologies.
Data Protection and Recovery Software Market 2022-2026: Parent Market Analysis
Technavio has categorized the data protection and recovery software market as a part of the global application software market. This report has extensively covered external factors influencing the parent market growth potential in the coming years. These factors will determine the levels of growth of the data protection and recovery software market during the forecast period.
