Data Recovery: Important facts, Market size, and Why Data Recovery Policy is Required for Individuals and Corporates?

Did you ever face any data loss from your laptop, desktop, or any other devices? Obviously, yes, and we all have come across a situation and we hate it because we lose our essential documents, files, photos, videos, etc. We try to get those files, materials, or data back, but eventually, we are not able to get it back.

That’s why we all need to be protected and should have a backup, whether you are an individual or a company. Your data is too precious. If hampered, it may cause you a significant loss. To get educated on what is data recovery if data lost then read till the end, you will love it, trust me!  Here, I am writing what is data recovery, the market size of data recovery in the future, some facts of data recovery, and, last but not least, why data recovery policy is required for individuals and corporate. So let me start here.

Important facts: 

  1. 50% of businesses hit by natural disaster don’t have a disaster recovery plan due to which they can’t recover their data within ten days of losing it, which make them file for bankruptcy.
  2. 2.) 60% of businesses have no plan for any cyber-attacks. It means they are unprepared to protect their confidential data.
  3. Only 60% of companies have an idea to protect their data; otherwise, 40% of businesses have their network accessed by hackers.
  4. 70% of people are unable to recover the data because of high charges of data recovery
  5. 77% of organizations never test their tape back-ups and experience backup failures in the future.
  6.  And, 31% of attacks focus on small-size organizations with less than 250 employees.

Shocking, isn’t it? It is. No worries, I have something good for you, in the end, to make you aware of how you can save yourselves from this kind of problem. Sounds good? Yes, then let’s move ahead to the market size of data recovery growing in the future.

Market size:

Market size of Data recovery at the global level is expected to increase $4.1 billion by 2024, rising at a market growth of 12.9% CAGR during the forecast period. It is actually good to know that big companies are taking initiative to get secured in terms of creating data recovery policy.

Why is this market size growing like anything?  Because of not getting affected by data loss. For that, any individual or corporation is required to have a data recovery policy that protects them from data loss. It helps them to recover the data safely or protect the data if it is at risk. Let’s discuss why it is so essential for everyone.

Why is the data recovery policy required for individuals and corporate?

1.) Natural Disasters: 

Natural disasters are inevitable. Every area of the world is subject to some disaster, whether it is Flood, fire, power outage, hurricane, or tornado can do irreparable damage to your business. 20% of companies experience a failure (fire, Flood, power outage, storm, etc.) in any given year. Having a data recovery policy can benefit you from getting back on your feet so quickly. It becomes challenging to resume the operations of businesses without any data. It’s better to have back up, and that is a data recovery policy.

2.) Hardware Failure: 

After all, data that is in the storage is stored by machine, and you know what, it fails too. I mean, a power surge or any other cause can affect your hardware, which may lead to data loss. 95% of IT professionals have faced a hardware failure. To protect your data, having cloud storage or offline storage can be an extra benefit to get the backup of data for individuals as well as corporate. It is only possible if you have a data recovery policy.

3.) Human Errors: 

Well, if machines fail, then it is obvious humans fail too. It could be anyone like an employee, employer, or individual. Sometimes, they forget the data to save or accidentally delete relevant documents, which can cause a significant loss to any company or individual, and it is proven that 80% of unplanned outages happen due to ill-planned changes made by administrators. To overcome such kinds of problems or human errors, you should back up the data regularly by applying a data recovery policy in your company.

4.) Cyber Crimes:

Every day, we come to know about cybercrimes happening all around the world. Well, you never know, it may happen to you the next day or the same day. It could be a virus or tremendous attack virtually on your data storage to steal valuable information, which may cause significant losses. Having a data recovery plan can save you as well as recover from a hacking attempt by keeping your data safe and accessible.

5.) Customer Service: 

Without a doubt, you need a data recovery policy, whether you are an individual or running a company irrespective of the size of your company. Ultimately, you are serving customers and providing the best services to them. By chance, if the data of your customers is hampered or your business is shut down temporarily for data loss, you may lose the customers. If you are protected by having the data recovery policy, you can surely get back on your feet and can serve your customers ASAP.

Having a data recovery policy can help you in other manners as well, such as it helps you to save money. It helps you to protect your brand name because downtown or lost data can ruin your image in the business, which may create distrust among the customers as well as in the market. Get assured protection for your data by implementing a data recovery policy. It is beneficial for an individual or a company. If you are in search of an organization that can educate you on how to protect your important data with training courses, then get in touch with us today. We are an online data recovery training provider, helping students as well as professionals to pursue a career in Data Recovery of hard drive, pen drive, mobile repairing as well as laptop repairing.