Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by Infinium Global Research on the data erasure solutions market provides in-depth analysis of segments and sub-segments in the global as well as regional data erasure solutions market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional data erasure solutions market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global data erasure solutions market. According to the report, the global data erasure solutions market is projected to grow at a significant CAGR over the forecast period of 2021-2027.
Data erasure is also referred to as data clearing, wiping, or data destruction. Data erasure is the software-based method used for overwriting data and aims to destroy the data on a hard disk drive or other digital media. This process works on binary numbers that are zeros and ones for overwriting the data into all device sectors. After that, the data is rendered irrecoverable and achieves data sanitization by overwriting the data on the storage device. However, in today’s era, there is a need to manage local hard drives, multi-disk servers, tape backups, mobile devices, memory cards, and virtual environments in the cloud for the organization. Furthermore, organizations are more focused on managing every bit of their data securely and in compliance with regulations for storage and transits at the end of the data lifecycle. Additionally, sensitive and confidential files may be left behind on devices when data erasure operations are not completed or properly carried out. This can create a massive threat to organizations’ data; hence there is a huge need for data erasure solutions in the working environment of any organization.
An increase in hacking activities and cyber threats are the prime factors propelling the growth of the data erasure solutions market over the forecast period. Cyber-attacks and hacking are increasing at a high pace across the globe. Hence, end-users are looking for data erasure solutions and technologies. The demand for data erasure software that can save the data and avoid data misuse is rising due to such cyber activities. Furthermore, many companies are still using their old assets and devices, and they are supposed to protect their data stored on such devices. As a result, there is a considerable demand to prevent data loss from old assets and devices, which is expected to drive the growth of the data erasure solutions market in the coming years. Moreover, the demand for data erasure solutions for preventing data breaches is also expected to drive the market’s growth. On the other hand, data erasure solutions can be costly for many small-scale organizations. Hence, the rising cost of data ensures solutions can hamper the market’s growth. Nevertheless, key players’ increasing development of data erasure software and rising demand for remote data erasure solutions present lucrative opportunities to the market.
Based on regions, the report on the data erasure market is segmented as North America, Europe, Asia Pacific, and the rest of the world. North America holds the largest share of the global data erasure market, and it is expected to dominate the market over the forecast period. The North American region shows the immense potential to promote an efficient marketing environment in its territories. Furthermore, a considerable number of key players in this region are solidly settled in the market, and there are many marketing investigation instruments in this region. Such factors provide exponential growth opportunities to the data ensure solution market in North America. Moreover, Asia Pacific is the second largest revenue-holding region of the data erasure solutions market. The countries like China, India, Australia, Indonesia, and other Asia-Pacific nations are carrying out colossal development activities for data erasure software. This is expected to bring positive trends in the growth of the business in these regions. Additionally, rising interest, rising disposable income, trend-setting innovation, and projects for benefiting consumers’ needs are other factors propelling the market’s growth in the APAC region.
The report on the global data erasure solutions market covers segments such as component, deployment, device type, and industry. On the basis of component, the sub-markets include software, and services. On the basis of deployment, the sub-markets include on premise, and cloud. On the basis of device type, the sub-markets include PCs, laptops, servers, data center equipment, mobile devices, and others. On the basis of industry, the sub-markets include BFSI, education, healthcare, government, media & entertainment, energy, IT & telecom, and others.
The report provides profiles of the companies in the market such as IBM Corporation, Arrow Electronics, Inc., Blancco Technology Group, Certus Software Ltd., CHG-Meridian, Dell, Inc., Extreme Protocol Solutions, Hewlett Packard Enterprise Development LP, Ingram Micro ITAD, Iron Mountain Incorporated, and ITRenew Inc..
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the data erasure solutions market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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