The Data Recovery Market in 2022

Data recovery is the process of attempting to retrieve data that’s been deleted, corrupted, lost, or became inaccessible due to unauthorized encryption. 

Data recovery ranges from the procedure of retrieving data from its designated backup storage location to attempting to salvage severely damaged data and harvesting data from a secondary storage location.

See below to learn all about the global data recovery market:

Data recovery market

The data recovery market is part of the global data backup and recovery market, which was estimated at $8.4 billion in 2020. It’s forecast to maintain a compound annual growth rate (CAGR) of 8.8% from 2020 to 2027, reaching a value of $15.2 billion by the end of it.

Data replication is one of the market’s segments, expected to reach $7.8 billion by 2027, with a CAGR of 8.8%. 

Regionally, the global market is segmented as follows:

• The U.S. market was estimated at $2.3 billion in 2020, with a market share of 27.3%
• The Chinese market is forecast for a CAGR of 11.7%, reaching $3.2 billion by 2027
• Japan and Canada are forecast to grow at a CAGR of 6% and 7.4% over the forecast period
• Within Europe, Germany is projected to maintain one of the highest CAGRs at 6.8%
• The Asia-Pacific market, led by Australia, South Korea, and India, is projected to reach $2.1 billion by 2027
• The Latin America market is set to grow at a CAGR of 11%

By industry, the market is primarily driven by the following sectors:

• Health care
• IT
• Telecommunications
• Banking, financial services, and insurance (BFSI)
• Media and entertainment
• Retail

Data recovery features

Data recovery is a software-driven process that aims to restore data to its original state and location. However, it doesn’t operate independently, as recovery is reliant on adequate data backup and hardware integrity.

There are many types of data recovery software and approaches depending on the circumstance, including if the recovery is directly from a backup or is reconstruction required.

Bare metal data recovery

Bare metal data recovery is a process that requires the reinstallation of the operating system (OS), applications, settings, and data, usually after a catastrophic failure.

Bare metal saves you from having to reformat and start everything from scratch. However, it requires the pre-setting of backups of the entire system, not only the data.

Hard drive recovery

Hard drive data recovery is one of the most common types of data recovery. It allows you to reset a hard drive to its previous state of configuration after a system crash or damage.

With a reliable backup, hard drive failures and emergencies are less urgent and damaging. It enables you to retrieve your data from an external or online location without worrying about losing parts of your data, such as a restorative hard drive recovery.

Tape storage recovery

Tape storage is common storage hardware used by small and medium-sized organizations. Tape storage recovery is used in the event of a tape storage failure, data corruption, or physical corruption.

Recovering data on tape storage requires skills beyond the software, and poor handling of damaged tape storage could result in the permanent loss of data.

Digital recovery

Digital recovery is a data recovery method that applies to devices with built-in storage, such as smart appliances, digital cameras, and smart gadgets.

Performing digital recovery is needed when data on such devices becomes inaccessible due to physical damage to the storage or corruption of the files or media stored. While it’s similar to hard drive data recovery, it tends to be more complex, and improper handling could result in permanent data loss.

Benefits of data recovery

Some notable benefits of data recovery include:

• Saves data in case of disasters
• Mitigates ransomware attack damages
• Enables resuming work operations after incidents
• Enhances customer and investor trust
• Simplifies data life cycle management

“Disasters occur naturally, such as a hurricane or tornado that destroys buildings and equipment. It could also happen with human error, like someone accidentally deleting an important document,” says Warith Niallah, a member of the Forbes Technology Council.

“Creating a disaster recovery plan for your online business is now a must if you have not done so already.”

Data recovery use cases

The case studies below highlight the various ways data recovery solutions are being used by organizations in different industries:

De’ Longhi Group

The De’ Longhi Group is a manufacturer of appliances, including for kitchens, air conditioning, and home care.

Expanding into more regions and countries, De’ Longhi Group sought a way to fault-proof its data storage and prepare for the worst with robust disaster recovery capabilities. For that, it decided to migrate its data storage and processing from SAP to Google Cloud.

“We decided to build on our partnership with Google, because we’ve had so much success with them over the past few years, and we knew they’d support our SAP migration, which is a critical project we had to get right,” says Daniele Faccioni, CIO, De’ Longhi Group.

“I measure the success of this migration by how many complaints we’ve had from staff — and there have been none.”

With Google Cloud, De’ Longhi Group was able to improve its disaster recovery response, eliminate the need for data center technical staff, and take advantage of the latest SAP S/4 HANA updates.

Thomson Reuters

Thomson Reuters is a global news and information company. It provides solutions for media, law, tax, and government across 100 countries, helping their customers manage imports and exports through its advanced software.

After struggling with a time-consuming disaster recovery process, Thomson Reuters sought to improve their data protection and application recovery for one of their most critical business units.

Reaching out to AWS, Thomson Reuters was able to adopt AWS Elastic Disaster Recovery, allowing them to minimize downtime and data loss with reliable on-premises and cloud-based storage.

“Using AWS Elastic Disaster Recovery has made our DR process more redundant and reliable. We know that everything is ready to go,” says Anna Rushing, senior project manager, Thomson Reuters.

“In the past, we had to patch and update the servers at all times to make sure our DR was current. Having everything done through AWS Elastic Disaster Recovery, which is constantly updating, takes a lot off our team.”

Working with AWS, Thomson Reuters was able to set up robust DR for over 300 servers in under 10 months, replicate over 120 TB of data from its servers, and eliminate the need for a manual DR process.

BGC

BGC is a construction materials company operating in the west of Australia.

BGC’s IT department was dealing with time-consuming data backup and recovery, in addition to a lack of a reliable disaster recovery solution for their many platforms, data centers, and software-as-a-solution (SaaS) environments.

BGC deployed the Commvault Complete Data Protection solutions for their on-premises and cloud environments and received help from Lumen IT, a Commvault partner, during the implementation process.

“Commvault became a one-stop shop for all backups and recovery. Now data management isn’t a drain on resources and budgets,” says Adrian Lerch, system engineer, BGC.

With Commvault, BGC saved $150,000 in TCO, improved its recovery time objective (RTO) and recovery point objective (RPO) by 62%, and freed up their IT team from having to perform manual data backups and recovery.

Data recovery providers

Some of the leading providers of data recovery in the market include:

• Broadcom
• NetApp
• IBM
• Oracle
• Commvault 
• Veeam 
• Veritas 
• Hewlett Packard Enterprise (HPE)
• Acronis 
• Microsoft