The North America Data Protection And Recovery Solutions Market is expected to witness market growth of 15.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Data Protection And Recovery Solutions Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.25 billion by 2031. The Canada market is experiencing a CAGR of 17.6% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 16.6% during 2024-2031.
Data has become the backbone of organizations across industries in today's digital age. Whether in banking, healthcare, manufacturing, retail, or IT, enterprises increasingly depend on data for decision-making, customer interactions, and operational efficiency. However, with the surge in digital transformation, businesses face significant data security, storage, and recovery challenges.
The swift escalation of cyber threats and data intrusions has emerged as a principal catalyst for the adoption of these solutions. Cybercriminals are increasingly exhibiting sophistication, utilizing advanced methodologies to penetrate corporate networks and compromise sensitive information. Companies that fail to implement robust data backup and recovery strategies risk significant financial losses, reputational damage, and legal consequences.
The data protection and recovery solutions market is witnessing substantial growth as industries increasingly recognize the need for robust cybersecurity frameworks to safeguard sensitive data. The finance and insurance sectors in the United States are among the most critical industries requiring advanced data protection, as they contributed 8.3% ($1.7 trillion) to the U.S. GDP in 2020. Similarly, in Mexico, the domestic eCommerce sector was valued at $26.2 billion in 2022, marking a 23% increase from 2021, as per the Mexican Online Sales Association. The increasing adoption of digital payment solutions, cloud-based transaction processing, and AI-driven fraud detection systems has driven retailers to invest in real-time data backup, disaster recovery, and cybersecurity frameworks to ensure business continuity and prevent financial losses. Hence, the growing reliance on hybrid cloud environments, AI-driven automation, and managed security services continues to shape the data protection landscape in North America.
The US market dominated the North America Data Protection And Recovery Solutions Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.25 billion by 2031. The Canada market is experiencing a CAGR of 17.6% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 16.6% during 2024-2031.
Data has become the backbone of organizations across industries in today's digital age. Whether in banking, healthcare, manufacturing, retail, or IT, enterprises increasingly depend on data for decision-making, customer interactions, and operational efficiency. However, with the surge in digital transformation, businesses face significant data security, storage, and recovery challenges.
The swift escalation of cyber threats and data intrusions has emerged as a principal catalyst for the adoption of these solutions. Cybercriminals are increasingly exhibiting sophistication, utilizing advanced methodologies to penetrate corporate networks and compromise sensitive information. Companies that fail to implement robust data backup and recovery strategies risk significant financial losses, reputational damage, and legal consequences.
The data protection and recovery solutions market is witnessing substantial growth as industries increasingly recognize the need for robust cybersecurity frameworks to safeguard sensitive data. The finance and insurance sectors in the United States are among the most critical industries requiring advanced data protection, as they contributed 8.3% ($1.7 trillion) to the U.S. GDP in 2020. Similarly, in Mexico, the domestic eCommerce sector was valued at $26.2 billion in 2022, marking a 23% increase from 2021, as per the Mexican Online Sales Association. The increasing adoption of digital payment solutions, cloud-based transaction processing, and AI-driven fraud detection systems has driven retailers to invest in real-time data backup, disaster recovery, and cybersecurity frameworks to ensure business continuity and prevent financial losses. Hence, the growing reliance on hybrid cloud environments, AI-driven automation, and managed security services continues to shape the data protection landscape in North America.
List of Key Companies Profiled
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- Hewlett Packard Enterprise Company
- Dell Technologies, Inc.
- Commvault Systems, Inc.
- Acronis International GmbH
- Veritas Technologies LLC (The Carlyle Group)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC (Alphabet Inc.)
Market Report Segmentation
By Deployment- On-Premise
- Hosted
- Large Enterprise
- Small & Medium Enterprises (SMEs)
- Cloud Platforms
- Endpoint Data Protection
- Email Protection
- Application Recovery Management
- Other Solution
- BFSI
- Healthcare
- Government
- Retail
- Energy & Utilities
- Manufacturing
- Other End Use
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Data Protection And Recovery Solutions Market by Deployment
Chapter 6. North America Data Protection And Recovery Solutions Market by Enterprise Size
Chapter 7. North America Data Protection And Recovery Solutions Market by Solution
Chapter 8. North America Data Protection And Recovery Solutions Market by End Use
Chapter 9. North America Data Protection And Recovery Solutions Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- Hewlett Packard Enterprise Company
- Dell Technologies, Inc.
- Commvault Systems, Inc.
- Acronis International GmbH
- Veritas Technologies LLC (The Carlyle Group)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Google LLC (Alphabet Inc.)
Methodology
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