In a worldwide study, it has been found that the data recovery service market has been growing at a massive rate. The main reason for this growth is the growing number of internet users and the high risk of data loss in today’s time. With the growing need for recovery of the lost data, many new data recovery services have come into existence. And this has eventually led to the growing competition in this sector.
According to the study, the data recovery services market is expanding largely in the regions of the United States, China, Europe, Japan, Southeast Asia, and India. It has been seen in the study that the developing countries experience high data loss due to various factors such as ineffective security arrangements, human errors and defective devices. An increase in the data loss activities due to illicit activities of hackers has resulted in the adoption of data recovery and security services by global organizations.
The study highlighted that there was a growth of 23% in the data recovery services over the last couple of years and this growth is uniform all across the world. In addition to this, the availability of free data recovery software by the popular data recovery firms has contributed to increasing the popularity of these data recovery services at a massive rate. As internet penetration is available in different corners of the world, this has given all the data recovery services an impetus to reach a new height. It highlighted that there will be a huge increase in the share of data recovery services in the near future.
