Data resilience is the accessibility of the data that is required in a production environment. According to IBM Corporation, there are several technologies addressing the data resilience requirements which are logical or software replication and hardware or disk replication. Enterprises are adopting data resilience solutions to resolve complexities to ensure effective cost optimization of their business processes. Blockchain Solutions are attracting various enterprises and creating huge opportunities for data resiliency vendors in the market. Data resiliency is accomplished through the usage of redundant components, subsystems, systems or facilities. Data includes crucial and confidential information such as account numbers, transaction passwords, and credit/debit card details, which requires high security and timely backup. Data resiliency solution vendors enable BFSI organizations to backup & recover data in order to maintain their business continuity.

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Every enterprise sees huge growth in data, generated from diverse sources. This data needs to be secured and monitored, which is driving the growth of data resiliency solutions. Furthermore, there is sudden rise in adoption of cloud-based data backup and recovery solutions due to its varied features of flexibility, scalability, and security which is contributing significantly to the growth of the data resiliency market. Cloud data resiliency combines disaster recovery planning and online backup services. In addition, enterprises are emphasizing on adoption of operational excellence and data quality management solutions. Enterprises are facing privacy concerns and the need for data security is growing, due to which implementation of data resiliency solutions is increasing tremendously. Thus, all these factors are anticipated to drive the data resiliency market during the forecast period.

However, managing unstructured data and incorporation of data from data storage towers (silos) is creating challenges in the growth of the data resiliency market. Lack of awareness about specific data resiliency solutions among various small enterprises is limiting the market growth. Moreover, availability of open-source alternatives is expected to hamper market growth during the forecast period.

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