Global Data Erasure Solutions Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029)

SKU ID : Maia-22705476

No. of pages : 116

Publishing Date : 23-Feb-2023

The latest research study on the global Data Erasure Solutions market finds that the global Data Erasure Solutions market reached a value of USD 236.73 million in 2022. It’s expected that the market will achieve USD 402.98 million by 2028, exhibiting a CAGR of 9.27% during the forecast period.

Data erasure is a software-based process of securely overwriting digitally stored information with random binary data according to a specified standard, then verifying and certifying that the erasure has been successful. Secure data erasure can occur in both active and inactive environments across a variety of IT assets, such as servers, PCs/laptops, mobile devices, removable media, and loose drives, as well as in large, virtualized data centers and cloud environments.

Enterprises continue to develop, expand market share
Companies operating in the global data erasure solutions market are increasing efforts to boost their customer base by launching cost-efficient data erasure solutions. Several data erasure solutions providers are using diverse strategies, including mergers, acquisitions, and collaborations with technology partners in order to offer next-gen products. These efforts are also helping market leaders in expanding their regional reach, which, in turn, is driving the data erasure solutions market.

Data erasure solutions are cost effective, environment-friendly, energy efficient
Solid-State Drives and other IT assets can be brute-forced, but due to the way data is stored increasingly densely, intact chips and the data they contain may remain on shattered pieces of hardware. This vulnerability, combined with drive replacement costs, can be expensive for businesses. It's also expensive for the environment. As the "green" movement grows and global demand for technology soars, there are concerns about the rapid depletion of natural resources by new devices, and a lot of old devices (e-waste) going to landfills. Whereas data erasure provides this security by overwriting the entire drive's data (including HPA/DCO areas and bad sectors), verifying that the data is not recoverable, and providing tamper-proof documentation that the drive has been thoroughly cleaned. The adoption of data erasure solutions is increasing due to various advantages such as environmental friendliness, energy efficiency, and cost-effectiveness.

In global comparison, a significant portion of the revenue was generated in North America (34.81% in 2021).

Blancco Technology Group is one of the major players operating in the Data Erasure Solutions market, holding a share of 19.9% in 2021.

Blancco Technology Group
Blancco Technology Group (AIM: BLTG) provides organizations with secure, compliant, and automated solutions that accelerate the transition to the circular economy. Each year, tens of millions of Blancco erasures allow top-tier organizations to protect end-of-life data against unauthorized access, safely redeploy data storage assets, and firmly comply with increased data protection and privacy requirements. Globally approved, recommended and certified by governing and industry bodies around the world, Blancco is the industry standard in data erasure and mobile lifecycle solutions.

Kroll Ontrack,LLC
Ontrack, a business of KLDiscovery, delivers world-class data recovery, email extraction and restoration, data destruction and tape management. Utilizing the dedication of a strong team of research and development engineers, Ontrack has developed hundreds of proprietary solutions over the past 30 years to recover data from tapes, hard drives, solid state drives, flash media, mobile devices, virtual environments, operating systems and a myriad of other storage devices.

As for product types, the Software segment held the largest market share in 2021.

Software
Erasure software is an application that implements a software-based method of erasing all the data present on a hard disk drive or any other memory storage device. The erasure software aims to completely destroy all the electronic data permanently.

Hardware
For on-site data erasure in data centers and IT facilities, professional, easy-to-use hardware products have been developed that make erasing data on storage systems simple. This can be applied to mass erase and loose drives.

Service
Providing certified data erasure services, product certification recognizes the effectiveness of a product through independently verified quality and performance testing.

The market's largest segment by application is the segment Large Enterprises, with a market share of 30.62% in 2021.

Individual
Data erasure solutions can wipe personal data stored on hard drives, computers and mobile phones, ensuring comprehensive security against data leakage and theft.

Small Enterprises (10 to 49 Employees)
The data erasing solution used in small b Enterprises is to provide multiple drives erasing support on the basis of providing individual services.

Medium-sized Enterprises (50 to 249 Employees)
The data erasing solution used in Medium-sized businesses is to provide wiping drives in RAID mode for redundancy protection on the basis of providing small businesses.

Large Enterprises (Employ 250 or More People)
The data erasing solution used in Large businesses is to provide supporting for wipe computers remotely and other customizable planning services on the basis of providing Medium-sized businesses.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Data Erasure Solutions market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Data Erasure Solutions market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Data Erasure Solutions and its sub-markets in an intuitive way.

Key Companies in the global Data Erasure Solutions market covered in Chapter 3:
WipeOS
Hitachi Vantara
CHG-Meridian
Wipedrive
Extreme Protocol Solutions
Stellar Information Technology Pvt
Magoshare
Blancco Technology Group
Certus Software Ltd
Kroll Ontrack,LLC

In Chapter 4 and Chapter 14.2, on the basis of types, the Data Erasure Solutions market from 2018 to 2029 is primarily split into:
Software
Hardware
Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Data Erasure Solutions market from 2018 to 2029 covers:
Individual
Small Enterprises (10 to 49 Employees)
Medium-sized Enterprises (50 to 249 Employees)
Large Enterprises (Employ 250 or More People)

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Data Erasure Solutions market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:


Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects...
  • By product type
  • By End User/Applications
  • By Technology
  • By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects including drivers, restraints...
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