PUBLISHER: KBV Research | PRODUCT CODE: 1649306
PUBLISHER: KBV Research | PRODUCT CODE: 1649306
The Europe Data Resiliency Market would witness market growth of 14.7% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Data Resiliency Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,127.1 million by 2031. The UK market is exhibiting a CAGR of 13.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 15.7% during (2024 - 2031).
The exponential development in data generation across industries like BFSI, healthcare, IT, and retail has created an urgent need for robust data protection and recovery solutions. In BFSI, financial institutions manage vast transactional and compliance data, making real-time backups and disaster recovery essential to avoid financial losses and regulatory penalties.
Other industries also face unique challenges due to increasing data volumes. Retailers, for instance, depend on customer and inventory data from e-commerce platforms and loyalty programs to optimize operations and enhance customer experiences. Companies like Amazon handle terabytes of transactional data daily, making seamless recovery solutions essential for uninterrupted service.
Europe's well-established IT infrastructure and the growing digital transformation initiatives across various sectors have fueled the adoption of these resiliency solutions. The region is also witnessing a surge in ransomware attacks and other cyber threats, prompting businesses to invest in comprehensive resiliency frameworks to safeguard their operations. Countries like Germany, the United Kingdom, and France are at the forefront of this adoption, strongly emphasizing cloud-based and hybrid solutions.
The increasing frequency of cyber threats, digital transformation initiatives, and strict data privacy regulations have established Europe as a significant market for these resiliency solutions. In Germany, where manufacturing contributed approximately 23.4% of GDP in 2021, per the Federal Statistical Office (Destatis), the growing digitization of industrial processes and automation technologies drives demand for advanced strategies. In Nordic countries and Eastern Europe, utility and energy companies focus on advanced data resiliency measures to address growing cyber threats. In Finland, energy providers have implemented AI-powered predictive analytics systems to identify anomalies and potential security risks in real-time, allowing proactive mitigation of vulnerabilities. Similarly, automated backup systems safeguard critical infrastructure in Poland by ensuring continuity even during cyberattacks or system outages. These advanced technologies strengthen the resilience of energy supply chains, ensuring consistent delivery to consumers and enhancing operational security. Thus, as digitalization expands across Europe, the demand for these resiliency solutions is expected to grow steadily, further solidifying the region's position as a key player in the market.
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on End-use, the market is segmented into BFSI, Government, Energy & Utilities, Healthcare, Manufacturing, Retail, Telecom & IT, Media & Entertainment, and Other End-use. Based on Deployment, the market is segmented into Cloud, and On-Premises. Based on Type, the market is segmented into Solution (Data Backup & Recovery, Data Archiving & E-Discovery, and Disaster Recovery), and Services (Professional Service, and Managed Service). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Data Resiliency Market Report Segmentation
By Organization Size
By End-use
By Deployment
By Type
By Country