According to a new market research report published by Credence Research “Global Data Erasure Solution Market – Growth, Future Prospects, and Competitive Analysis, 2019–2027”, the Data Erasure Solution market is set to grow with a CAGR of 19.2% during the forecast period.
The data erasure solution market is driven by supportive government initiatives pertaining to data protection and safety. As the organizations are shifting towards the digital economy, encompassing advanced technologies that are changing their way organizations interact with their stakeholders, customers, and government. This also led to the advent of the new business model and a wider scope for innovation. Simultaneously, the digitalization also increases the risk of cyber-attacks and data leakages. To address these issues, governments across the globe are developing a stringent framework for the protection of data, which in turn is driving the demand for data erasure solution market.
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The data erasure solution market is segmented based on the device type into PCs, laptops, servers, data center equipment, and mobile devices. The server segment was estimated to account for the majority share of over 40% of the revenue in 2018. The market growth is attributed to the growing need among the organizations to save the data from unauthorized access. On the other hand, mobile devices and data center equipment is estimated to grow significantly during the forecast period. The rapid integration of the enterprise mobility solutions among the organizations is driving the market growth. Furthermore, the growing adoption of cloud services is accelerating the adoption of the data erasure solution among the data centers.
Asia Pacific’s data erasure solution market is anticipated to grow significantly at a rate of around 23% over the forecast period. The market is driven by the rising incidences of data leakages and unauthorized data access among the organizations. The supportive government initiatives for the protection and safety of the data in the region are also encouraging the organizations to opt for data erasure solutions. Furthermore, increasing internet penetration along with the growing adoption of mobile devices is accelerating market growth.
The prominent vendors of the data erasure solution market are Arrow Electronics Inc, Certus Software Ltd, Blancco Technology Group, IBM Corporation, ITRenew Inc, Iron Mountain Incorporated, Kroll Ontrack LLC, Stellar Information Technology Pvt Ltd, MTI Technology Limited, and WhiteCanyon Software Inc.
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By Component Segment
· Professional Service
· Managed Service
By Device Type Segment
• Data Center Equipment
• Mobile Devices
By Application Segment
• Home Solutions
• Data Centers
By Geography Segment
• North America (the U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa, Latin America)
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Key questions answered in this report
- What was the market size of the data erasure solution in 2018 and forecast up to 2027?
- Which is the largest regional market for data erasure solutions?
- What are the major trends followed in the data erasure solution market across different regions?
- Who are the key companies in the data erasure solution market?
- What are the key strategies adopted by the leading data erasure solution companies in the market?
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