Data Erasure Solutions Market – Snapshot
Data erasure/data wiping or data clearing is a software-based method of overwriting the data that targets to completely destroy all electronic data that exists in a hard disk drive or other digital media. This is a process in which data is completely erased by using multiple zeros and ones to overwrite data onto all sectors of the device to prevent the risk of sensitive data leakage. Enterprises need to use secure and certified data erasure tools that erase sensitive, confidential data permanently from IT assets and provides complete safety and security to all the devices that are to be reused, scrapped, or reallocated. With increasing applications in most end use industries, from governments to education and healthcare, manufacturing to aerospace and defense, data erasure solutions have grown to become a necessity for nearly all companies dealing with data management.
In more recent times, considerable technological advancement has taken place in the data erasure solutions market. BFSI, IT and telecom, government and defense forces, and media & entertainment sectors widely use data erasure solutions to prevent the data loss from old assets. Therefore, the data erasure solutions market is expected to expand at a rapid pace in the coming years. Increase in the use of cloud infrastructure across the world is primarily driving demand for data erasure solutions. This is anticipated to drive the market over the forecast period. Moreover, expanding electronics industry and increasing demand for data erasure solutions from IT assets disposition sector is expected to fuel the data erasure solutions market in the near future. However, lack of awareness of data security and usefulness of data erasure software solutions is projected to inhibit the growth of the market across the world. The data erasure solutions market is likely to reach a value of US$ 5,245.3 Mn by 2026 from US$ 1,068.4Mn in 2017, expanding at a CAGR of 19.6% during the forecast period.
Based on component, the data erasure solutions market can be segmented into software and services. Software data destruction is the most effective means of elimination of sensitive corporate data from the disc while maintaining the functionality of the disc for reuse or re-sale. In this process, each drive sector of the disc is overwritten with some meaningless data. The software segment accounted for a significant market share globally in 2017.The segment is projected to hold its leading position and expand at a rapid pace over the forecast period. Software data erasure solutions have sold millions of licenses to users across a wide range of industries such as leading banks and corporations, defense forces, and governments. Software segment is further categorized into on-premise and cloud. On-premise sub-segment held the leading market share in 2017 due to its huge adoption rate among large enterprises. The services segment is also bifurcated into professional services and managed services. The professional services segment is estimated to account for a major share of the market, followed by managed services during the forecast period. Professional services is further categorized into consulting, integration and maintenance, verification, certification and erasure. Among these, consulting, integration and maintenance sub-segment accounted for major market share in the global data erasure solutions market in 2017, whereas, certification sub-segment is projected to expand rapidly over the forecast period.
Based on device type, mobile devices segment accounted for the major share in the global data erasure solutions market in 2017 and is projected to maintain its position in the coming years. In the mobile device market, resale values can be much higher, particularly for iPhones. Thus, the move to upgrade a device creates demand for data erasure. As a result, application of data erasure solutions in mobile devices is expected to witness potential growth in the coming years across the globe.
In terms of end-use, the global data erasure solutions market is categorized into home solutions, enterprise, ITADs (IT Asset Disposition), and data centers. Enterprises segment includes small and medium enterprises and large enterprises. The ITADs sector is the prominent user of data erasure solutions, while the data center sector is projected to expand at a rapid pace over the forecast period. With increasing number of electronics goods and huge amount of data being generated daily, physically destroying IT assets is no longer the most suitable or effective way to achieve data sanitization. Thus, major IT companies are relying on certified data erasure solutions to maximize the functionality and resale value of IT assets to diminish security risks.
The market in North America is anticipated to contribute significantly to revenue in the near future due to a large base of existing users in the region. The market in Europe and South America is anticipated to follow a similar trend between 2018 and 2026. Furthermore, the market in Asia Pacific and Middle East & Africa is likely to expand at a robust CAGR in the coming years.
Attracted by the progressively expanding data erasure solutions market and underlying embryonic demand, many enterprises are driven to invest in certified data erasure software and services. Software developers and integrators and professional service providers across industries are strengthening their position in the data erasure solutions market. Product innovation and upgrade of research and development are constantly taking place in the data erasure solutions market. Blancco Technology Group is the global leader in professional data erasure and computer reuse solutions and provides the industry’s most certified erasure software. Blancco Drive Eraser software ensures complete data sanitization from SSDs, HDDs, data center equipment, servers and other large storage units. Prominent players as identified in the data erasure solutions market and profiled in the study include Blancco Technology Group, Kroll Ontrack, LLC, Stellar Information Technology Pvt. Ltd., WhiteCanyon Software, Inc., MTI Technology Limited, Certus Software Ltd., ITRenew Inc. and many others.
Data Erasure Solutions Market: Overview
This comprehensive report titled Data Erasure Solutions Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, by Transparency Market Research analyzes and provides growth forecast for the data erasure solutions market at the global and regional level.The report provides analysis for the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers insightful and accurate analysis. The report emphasizes on all the major trends that play a key role in the growth of the data erasure solutions between 2018 and 2026. It also focuses on market drivers, restraining factors, and opportunities of the data erasure solutions market during the forecast period.
The report includes a detailed ecosystem analysis and opportunity analysis, which is focused on providing anextensiveview of the global data erasure solutions market. Porter’s Five Forces analysisis also provided to understand the competitive scenario in the market. The study incorporates attractiveness analysis of the data erasure solutions market, in which segments such as software and services are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity.In order to provide a complete analysis of the overall competitive scenario in the data erasure solutions market, attractiveness analysis of every geographic region mentioned in the report has been provided.
An overview of the data erasure solutions market detailing key trends and dynamics has been included to providea clear understanding of market ecosystem forces. The dynamics include impact analysis of drivers and opportunities and market restraining factorsof the data erasure solutions market. Additionally, the report provides analysis of business strategies adopted by market leaders in the data erasure solutions market. Trends and services related to data erasure solutions along with their applications have also been explained in the report.
Global Data Erasure Solutions Market: Scope of the Report
The study provides a decisive view on the global data erasure solutions market, broadly segmented based on component into software and services; based on device type intoPCs, laptops, servers, data center equipment, mobile devices and others; and in terms ofend-useinto home solutions, enterprise, ITADs (IT Asset Disposition) and data centers. Further, the report provides a detailed breakdown of the data erasure solutions market across North America, Europe, Asia Pacific, Middle East & Africa, and South America, thus providing valuable insights at the micro and macro levels.
The report highlights the competitive scenario within the data erasure solutions market, ranking all the major players according to key recent developments and their geographic presence. The insights into the data erasure solutions market are a result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
The market in North America has been segmented into the U.S., Canada, and Rest of North America. Furthermore, the market in Europe has been analyzed across France, Germany, the U.K., and Rest of Europe. The data erasure solutions market in Asia Pacific has also been segmentedat country level into China, Japan, India, and Rest of Asia Pacific. The Middle East &Africa region covers GCC countries, South Africa, and Rest of Middle East & Africa. Similarly, South America includes Brazil and Rest of South America. This report provides all the strategic information required to understand the data erasure solutions market along with component, device type, and end-use of data erasure solutions.
Global Data Erasure Solutions Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and industry white papers are usually referred to for developing a preliminary understanding of the market.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews of the data erasure solutionsmarket across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to obtain the latest market insights and validate existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape,growth trends, etc. These factors help validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Data Erasure Solutions Market: Competitive Dynamics
The research study includes profiles of major companies operating in the global data erasure solutions market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as investment and spending and developments by major players of the market are tracked. Some of the key players in the data erasure solutions market are Blancco Technology Group, Kroll Ontrack, LLC, Stellar Information Technology Pvt. Ltd., WhiteCanyon Software, Inc., MTI Technology Limited, Certus Software Ltd., ITRenew Inc. and many others.
The data erasure solutions markethas been segmented as follows:
Global Data Erasure Solutions Market
- Professional Services
- Consulting, integration and Maintenance
- Managed Services
- Professional Services
By Device Type
- Data Center Equipment
- Mobile Devices
- Others (Removable Media Devices)
- Home Solutions
- Small and Medium Enterprises
- Large Enterprises
- Data Centers
- North America
- The U.S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America