Data Recovery Software Market Share

Increased adoption of cloud-backup is driving the market growth

It is anticipated that the industry would expand as more people start using cloud data backup. Cloud backup is preserving a copy of a physical or virtual file, database, or other data at a secondary, remote location in case of equipment failure or other emergencies. Because of cloud-based data backup, information may be kept on the cloud and accessible at any time from anywhere. In turn, this makes the data safer and simpler to retrieve.

For instance, the US-based management consulting firm Gartner forecast in November 2020 that following the COVID-19 crisis, there would be a surge in IT investment towards the cloud, which was forecast to account for 14.2% of all worldwide business IT expenditure in 2024 as opposed to 9.1% in 2020. As a result, the market for data recovery software is expanding due to a rise in the usage of cloud data backup.

Furthermore, the market CAGR for data recovery software is growing primarily due to the exponential rise in data volume. An exponential rise in data volumes has been caused by the expanding adoption of linked technology and digital transformation activities across a variety of industry sectors. Enterprise apps, mobile devices, Internet of Things (IoT) devices, and radio frequency identification (RFID) devices are just a few examples of the various touch points from which data is generated. A substantial amount of data is produced by individual users in the form of online media and web content in addition to connected devices.

For instance, every minute on YouTube, hundreds of hours of video footage are uploaded.

For instance, Backblaze, Inc., a cloud storage and data backup firm with headquarters in the US, teamed up with Veritas Technologies LLC in June 2022 to offer multi-cloud data recovery software. Customers can utilize their combined solution's affordable, straightforward, and S3-compatible object storage by using Backup Exec to synchronize their data backup and recovery processes. Businesses can protect virtually any data on any storage medium, including servers, tape, and the cloud, due to Veritas' Backup Exec service. Data management business Veritas Technologies LLC is situated in the US. Thus, driving the data recovery software market revenue.

The Global Data Recovery Software Market Industry is poised for substantial growth, with projections indicating a market size of 10.6 USD Billion by 2035. This growth trajectory is supported by a compound annual growth rate (CAGR) of 9.73% from 2025 to 2035. The increasing reliance on digital data across various sectors, coupled with the rising awareness of data recovery solutions, suggests a robust demand for these services. As organizations continue to prioritize data protection and recovery, the market is likely to expand significantly, reflecting the evolving landscape of data management.

The Global Data Recovery Software Market Industry is significantly influenced by the escalating threats posed by cyberattacks. With ransomware and malware attacks becoming more sophisticated, organizations are compelled to invest in data recovery solutions to mitigate potential losses. Reports indicate that cybercrime is projected to cost businesses over 10.6 USD Billion by 2035, highlighting the urgent need for effective recovery strategies. As companies prioritize cybersecurity measures, the demand for data recovery software that can swiftly restore compromised data is likely to surge, driving market growth.

The Global Data Recovery Software Market Industry is experiencing growth due to the rising frequency of data loss incidents across various sectors. Factors such as hardware failures, accidental deletions, and cyberattacks contribute to this trend. For instance, organizations report that nearly 60 percent of data loss incidents stem from human error. This alarming statistic underscores the necessity for robust data recovery solutions. As businesses increasingly recognize the importance of data integrity, the demand for data recovery software is projected to rise significantly, contributing to the market's expansion.

The Global Data Recovery Software Market Industry is benefiting from the widespread adoption of cloud services. As organizations migrate their data to cloud platforms, the need for effective recovery solutions becomes paramount. Cloud-based data recovery software offers flexibility and scalability, allowing businesses to recover lost data efficiently. According to industry estimates, the global cloud services market is expected to reach 3.82 USD Billion in 2024, which correlates with the increasing reliance on cloud storage. This trend indicates a growing market for data recovery solutions that cater specifically to cloud environments.

The Global Data Recovery Software Market Industry is also shaped by stringent regulatory compliance requirements across various industries. Organizations are mandated to implement data protection measures to safeguard sensitive information. For example, regulations such as GDPR and HIPAA necessitate that businesses have robust data recovery plans in place. Failure to comply with these regulations can result in hefty fines and reputational damage. Consequently, the demand for data recovery software that ensures compliance with these regulations is expected to rise, further propelling market growth.

The Global Data Recovery Software Market Industry is witnessing rapid advancements in technology, enhancing the effectiveness of data recovery solutions. Innovations such as artificial intelligence and machine learning are being integrated into recovery software, improving data retrieval processes. These technologies enable faster and more accurate recovery, appealing to businesses that require immediate access to lost data. As the market evolves, the integration of advanced technologies is likely to attract more users, contributing to the projected CAGR of 9.73% from 2025 to 2035.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the data recovery software market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, data recovery software industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global data recovery software industry to benefit clients and increase the market sector. In recent years, the data recovery software industry has offered some of the most significant advantages to market.

Major players in the data recovery software market attempting to increase market demand by investing in research and development operations include Dell Inc. (U.S.), NetApp Inc.(U.S.), CA Technologies (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Microsoft Corporation (U.S.), Acronis International GmbH (Switzerland), Veritas Technologies LLC (U.S.), Commvault (U.S.), Oracle Corporation (U.S.) and IBM Corporation (U.S.).

Acronis International GmbH is an information technology firm that offers solutions for data protection and catastrophe recovery. The business provides secure file-sharing solutions, system setup, and backup software for physical, virtual, and cloud servers. Its offerings also include backup advanced for vCloud, cyber protect, files cloud, cyber infrastructure, cyber appliance, cloud manager, notary cloud, cloud security, cloud storage, cloud migration, and cyber fit score.

Storage devices and data management solutions are offered by NetApp Inc. The business provides services for archiving, managing, preserving, and keeping corporate data. Data ONTAP, data management, application integration, storage management, FAS family products, E-Series, data protection software products, and data retention solutions are all part of its product line. These goods offer investment protection and increased asset utilization, all of which contribute to increased enterprise productivity, performance, and profitability.