Global Data Recovery Software Market is supposed to develop USD 7.12 billion at a CAGR 11.17% during the estimate time frame

Market Research Future Insights:

According to MRFR analysis, the global data recovery software market is expected to register a CAGR of 11.17% from 2022 to 2030 and hold a value of over USD 7.12 billion by 2030.

The data recovery software market refers to the industry that provides software solutions for recovering lost, corrupted, or damaged data from various types of storage media such as hard drives, memory cards, USB drives, and others. The market includes various types of software, including data backup software, data recovery software, and disk imaging software, among others. The COVID-19 pandemic has had a significant impact on the data recovery software market. The pandemic has increased the demand for remote data recovery solutions as many organizations shifted to remote work environments. The increase in remote work has also led to an increase in cyber attacks, resulting in a higher demand for data recovery software. Additionally, the pandemic has caused a slowdown in the manufacturing of hardware components used in storage media, leading to a shortage of these components and increased demand for software solutions.

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Regional Analysis

The data recovery software market is analyzed based on regions such as North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America and Europe are the major regions contributing to the growth of the data recovery software market. The high adoption of technology and the presence of a large number of IT and data centers in these regions are driving the growth of the market. The Asia Pacific region is expected to witness significant growth in the coming years due to the increasing adoption of digitalization and cloud-based technologies. The region is also home to many emerging economies with a growing number of small and medium-sized enterprises (SMEs) that require data recovery solutions. The RoW region is also expected to witness growth due to the increasing adoption of technology in the Middle East and Africa.

Market Segmentation

The Global data recovery software market has been segmented into based on component, deployment, application, platform and industry.

Based on component: Software and Service

Based on deployment: On-Premise and On-Cloud

Based on application: Commercial and Personal

Based on platform: Windows, Linux and Mac

Based on industry: Bfsi and Healthcare

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Key players

Some of the top key market players are  Dell Inc. (U.S.), NetApp Inc. (U.S.), CA Technologies (U.S.), Hewlett Packard Enterprise Development LP (U.S.), The top growth-impactors in the global market are Microsoft Corporation (US), Acronis International GmbH (Switzerland), Veritas Technologies LLC (US), Commvault (US), Oracle Corporation (US), and IBM Corporation (US).

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