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Cyber-theft to Increase Adoption of Data Protection and Recovery Solutions

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Published on : Jun 29, 2017

Albany, New York, June 29, 2017: The market intellect publication is a detailed examination of the global market with orientation to the undercurrents at play and the ones that are prospected to have a major impact, both constructive and destructive on the progress of the market. The impression of the issues can be both for the extensive and petite term contingent on the nature of the mentioned market and the factors in action. The summary of the foremost market companies have also been deliberated in the report with mention to their merchandises, advertising and publicity policies, and the level of rivalry among them. 

The global market for data protection and recovery solutions is expected to grow at a steady rate in the years ahead with the growing concerns over data loss due to cyber theft. The dependence of institutions and organizations on software applications such as enterprise resource planning, customer relationship management, and email is leading to significant rise in the volume of data across enterprises. This growth has compelled the deployment of reliable and efficient solutions for data protection in enterprises for securing confidential data and information. Furthermore, there has been a substantial rise in the storage of information over cloud platforms owing to timely and convenient backup, enhanced reliability, and low cost of operations. These advantages are expected to exponentially increase the adoption of recovery, backup, and data protection solutions that will help in dealing with cyber-attacks, theft, and data loss. 

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The rising instances of virus attacks and email spams are making the need for strong security measures for data retention, privacy, and safety very strong. Nevertheless, the rising deployment of cloud based backup and disaster recovery offerings is anticipated to propel the growth of the global data protection and recovery solutions market in the coming years. Furthermore, cloud storage allows unlimited space and end-to-end encryption for ensuring easy backup and security of important business assets. It has been anticipated that the different cloud platforms will foresee a drastic growth in the coming years. The growing adoption of solutions to curb data risks will further supplement the growth of the global data protection and recovery solutions market. 

The deployment of data protection and different recovery solutions which are cloud based are likely to be the coming favorites in the coming years. Different organizations such as manufacturing, utilities and energy, BFSI, retail, healthcare, and government are expected to be leading adopters. Based on type, the market has been segmented into cloud platforms, recovery management, endpoint protection, and email protection. The regions covered in the report are Southeast Asia, India, China, Japan, and the EU. The top companies are Unitrend, Arcserve LLC, Veritas Technologies LLC, IBM Corporation, Commonvault, and EMC Corporation among others.

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