Market overview:
Personal Data Recovery Software Market Information by Pricing Type, Platform, and Region—Forecast till 2030, the market is anticipated to acquire a valuation of approximately USD 281.08 million by the end of 2021. The reports further predict the market to flourish at a robust CAGR of over 12.4% during the assessment timeframe.
Personal Data Recovery Software Market Key Players
Eminent industry players profiled in the personal data recovery software market report include-
- Oracle Corporation
- Hewlett Packard Enterprise Development LP
- Microsoft
- IBM Corporation
- Dell Inc.
- CleverFiles (Disk Drill Data Recovery)
- EaseUS
- DISKGENIUS (Eassos Ltd.)
- Stellar Data Recovery
- RECOVERIT Wondershare Technology Co.
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Drivers
Increased Use of Paid Data Recovery Software to Boost Market Growth
Individuals are using more expensive data recovery software. Despite having a good rating for the most part, free data recovery software has some limitations. To obtain comprehensive coverage, people might need to upgrade to the paid version. The increased use of paid data recovery software will boost market growth in the forecast period.
Opportunities
Growing Demand for Advanced Data Recovery Software to offer Robust Opportunities
The growing demand for advanced data recovery software will provide lucrative opportunities for this market during the forecast period. An enormous number of PCs are now infected with viruses. As a result, a variety of efficient and practical technologies are emerging to shield these devices from virus assaults.
Restraints and Challenges
Accessibility of Free Data Recovery Software to act as Market Restraint
The accessibility of free data recovery software may act as a market restraint in the forecast period. The largest users of free software solutions are micro businesses & individuals.
Personal Data Recovery Software Market Segmentation
The global personal data recovery software has been bifurcated based on pricing type and platform.
By pricing type, monthly segment will lead this market over the forecast period and will grow at a 12.9% CAGR.
By platform, Windows will dominate the market over the forecast period. This can be primarily attributed to the vast majority of Windows users.
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COVID-19 Analysis
The Personal Data Recovery Software Market saw significant growth as a result of the COVID-19 pandemic. The pandemic has made it extremely difficult for businesses all over the world to continue operating despite widespread closures of offices and other facilities as well as movement restrictions. Currently, remote access is used to access the IT infrastructure, which includes data centers, high-performance computing, cloud platforms, and digital devices. Businesses operating in the market must provide more sophisticated and effective data recovery solutions that successfully restore lost or deleted data for both individuals and businesses. Repairing truncated, corrupted, and damaged video files can be done with the aid of more advanced data recovery software. Software that is technically sophisticated differs significantly from conventional software in terms of functionality and efficiency.
Regional Analysis
North America to Head Personal Data Recovery Software Market
In 2021, North America grabbed the largest market share with 38.1% of the total. Due to the presence of major players in the region, the Personal Data Recovery Software Market in North America is anticipated to grow exponentially. The market for data recovery software is being driven by factors such as growing awareness of the perks of data recovery, a rise in the cyber-attack frequency, and an increase in the volume of data. To ensure business continuity, companies in the area are making significant investments in these solutions. Significant investments were made in these solutions because they eliminate complex IT silos, streamline operations, and cut costs while maintaining enterprise service level agreements (SLAs). The significant increase in data and the ongoing requirement for uninterrupted business operations are the main drivers of investments in personal data recovery software in the nation. Other market-expanding factors include technological advancements and the rising popularity of cloud computing. Canadian consumers have suffered a sizable loss in revenue as a result of data loss brought on by cyber-attacks or natural disasters. As a result, customers are moving away from conventional data recovery solutions and toward cutting-edge cloud-based alternatives that are more affordable and straightforward to use.
Europe to Have Admirable Growth in Personal Data Recovery Software Market
During the forecast period, Europe is anticipated to experience a remarkable growth. Businesses have become more circumspect about their data recovery strategy since the GDPR framework went into effect throughout Europe. Conquering the ever-growing volumes of data is a top priority for consumers. As a result, they are spending money on backup and recovery options, which is propelling the market for personal data recovery software. The UK, France, Germany, and the rest of Europe are considered to be in Europe. The market for data recovery software is being driven forward by factors like growing awareness of the perks of data recovery, a rise in the cyber-attack frequency, and an increase in the volume of data. The demand for data recovery solutions has significantly increased in Germany, largely as a result of increased consumer activity to effectively protect and recover sensitive data and maintain business continuity. Consumers in the region are also adopting data recovery solutions more quickly as a result of factors like the exponential growth of data, the growing need for data security & privacy concerns, operational excellence & data quality management, & the increasing adoption of cloud data backup.
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September 12, 2018: This report focuses on the global Data Recovery Software status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Data Recovery Software development in United States, Europe and China.In 2017, the global Data Recovery Software market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studyKroll OntrackFINALDATADiskGeniusDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-data-recovery-software-market-size-status-and-forecast-2018-2025/request-sample Market segment by Type, the product can be split intoWindowsLinuxOS XMarket segment by Application, split intoCommercialPersonalRead Complete Report with TOC @ https://www.radiantinsights.com/research/global-data-recovery-software-market-size-status-and-forecast-2018-2025 Market segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Data Recovery Software status, future forecast, growth opportunity, key market and key players.To present the Data Recovery Software development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Data Recovery Software are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.
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