Personal Data Recovery Software Market Size is estimated to grow at a CAGR of 15.0% during the forecast period


Posted October 10, 2023 by Niraj1

In 2022, the personal data recovery software market was estimated to be worth $4.5 billion. From 2023 to 2030, it is expected to expand at a CAGR of about 15.0%.
 
In 2022, the personal data recovery software market was estimated to be worth $4.5 billion. From 2023 to 2030, it is expected to expand at a CAGR of about 15.0%. By 2030, it is expected that the market will reach a value of $13.6 billion. The demand for private data recovery software has increased as a result of people using smartphones, tablets, and laptops more frequently. The market has also grown as a result of the rise in cyberattacks, data breaches, and unintentional data erasure.

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Due to the growing use of personal devices for data storage and sharing, the individual sector is expected to dominate the market. Because of its scalability, flexibility, and affordability, the cloud-based deployment strategy is anticipated to expand more quickly. Geographically, North America is expected to dominate the market since both consumers and organizations there have a high acceptance rate for private data recovery software. Due to the rising trend of digitalization and the rising number of smartphone users, the Asia Pacific area is expected to expand at the fastest rate.
Personal Data Recovery Software Market Key Drivers:
Private data recovery software is becoming more and more necessary as people use digital devices like smartphones, laptops, and tablets more frequently. Data recovery services are in greater demand as consumers store more data on their devices, raising the risk of data loss due to hardware failure or inadvertent deletion. People may recover lost or deleted data quickly and effectively, lowering the risk of its loss and limiting downtime, by becoming more aware of the benefits of data recovery software.
There is now significantly more need for private data recovery software due to the rise in cyberattacks and data breaches. Personal data recovery software can assist in recovering lost or stolen data in the event of a data breach, keeping sensitive information from getting into the wrong hands.
Personal Data Recovery Software Market Segmentation:
• Application:
o Individuals
o Businesses
o Government agencies
• Deployment Mode:
o On-Premise
o Cloud-Based
• Region:
o North America
o Europe
o Asia Pacific
o Rest of the World (RoW)

Personal Data Recovery Software Market Key Global Players:
Numerous players are vying for market share and investing in new technologies and product development to stay ahead of the curve in the market. Several key global players in the personal data recovery software market include:
· CleverFiles
· Commvault
· Dell Technologies
· Disk Drill
· EaseUS
· IBM
· Kroll Ontrack
· Lazesoft
· McAfee
· Microsoft
· MiniTool Power Data Recovery
· Oracle
· Recuva
· Seagate Technology
· Stellar Data Recovery
· Symantec
· Wondershare
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Issued By James
Country United Arab Emirates
Categories Business , Software , Technology
Tags personal data recovery software market , personal data recovery software market size , personal data recovery software market share , personal data recovery software market forecast
Last Updated October 10, 2023