According to SPER Market Research, the Personal Data Recovery Software Market is estimated to reach USD 8.97 billion by 2032 with a CAGR of 11.39%. Data Recovery Software can be used to recover deleted, damaged, or inaccessible data from a storage device. This software is often preferred by IT professionals because it is easier to recover data from servers than from hardware devices. The technique for recovering data depends on the type of storage device, but can generally involve restoring files from backup copies. Backup software is a service that businesses offer to their customers in order to help safeguard business continuity in the event of calamities. This software allows data to be backed up from one location to another, and it can also help to restore corrupted or lost data.
Personal Data Recovery Software Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 11.39%
- Forecast Market Size (2032): 8.97 billion
The cost of this software has increased in recent years, but there are also paid versions that offer more comprehensive coverage. The market for this type of software is projected to grow over the next five years. The market is expected to have profitable growth prospects over the coming period due to the increasing need for improved data recovery software. Recent viruses have caused a large number of PCs to be infected, which has led to the development of a number of effective and useful methods to protect these devices from virus attacks. According to the article, there might be a market limitation throughout the predicted period because there might not be enough free Data Recovery Software available. Micro businesses and individuals use free software the most.
Impact of COVID-19 on the Personal Data Recovery Software Market
Numerous things have been impacted by the COVID-19 outbreak, including the restriction of indoor events, the closure of restaurants, the shutdown of manufacturing industries, the closing of offices, the cancellation of flights, the enactment of travel restrictions, quarantines, supply chain disruptions, stock market volatility, an increase in corona cases, and uncertainty about the future. Even though the COVID-19 hurt the market for data recovery software. To stop the virus’s spread, the majority of governments have implemented lockdowns. The company that sells Data Recovery Software was severely impacted by the pandemic. In order to maintain social distance and prevent the spread of viruses, many businesses have started allowing their workers to work from home. The increased use of computers and storage devices as a result of this process necessitates backup software. Hence, the Data Recovery Software industry is benefited.
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Personal Data Recovery Software Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Component Type:
By Deployment Type:
By Application Type:
- Middle East & Africa
- North America
- Latin America
Asia-Pacific is expected to grow at a significant rate during the forecast period due to the adoption of recovery software in various sectors such as BFSI and IT for protecting and backing up their important data. Furthermore, the growing number of start-ups generates more data, which necessitates backup facilities, accelerating market growth.
Personal Data Recovery Software Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Acronis, Code42, Commvault, Datto, EasyUS, Kaseya, Netapp, NTI Corporation, Softland Romania, StorageCraft, Strengthsoft, Veeam, Veritas Technologies, Wondershare, Zoolz.
Sara Lopes, Business Consultant – U.S.A.
SPER Market Research