A few years ago, the worldwide sensitive data recovery market was largely dominated by the solutions segment. The trend is likely to remain stable in the immediate future as well. Data is the most critical aspect of the contemporary world. The growth in the volume of data has gone beyond expectations in the last few years. The growth has forced enterprises to spend more time and resources. Massive amounts of structured and unorganized data have resulted from the widespread usage of Artificial Intelligence (AI) and Machine Learning (ML) technologies. The data has become critical and equally vulnerable.
Cyber hackers continue to invent new ways of hacking data. The increase in cyber-attacks has forced the emergence of sensitive data recovery solutions. End-user investment in data privacy and security has increased, as has the widespread usage of sensitive data-finding technologies. Furthermore, the increased need for sensitive structured and unstructured data retrieval and increased usage of cloud computing technologies in numerous industries are likely to present the substantial potential for market expansion. The worldwide Sensitive Data Discovery market was valued at $4.9 billion in 2020 and is expected to reach $34.53 billion by 2030, growing at a CAGR of 21.6% from 2021 to 2030.
Loss of data in any form or in any quantity can be disastrous. Many of the organizations had to file for bankruptcy as a result of data loss. The damage is not restricted to financial loss. In fact, the reputational loss has been fatal for many enterprises. No wonder data recovery solutions are in demand. Here, we have compiled a list of companies extending data recovery solutions. We are confident that the best solutions are analyzed and included in the list.