The global data destruction service market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Data destruction is the process of erasing data from tapes, hard discs, and other forms of electronic media so that it cannot be accessed or utilized for unauthorized purposes. Rising concern of cyber security due to fraudulent activities is one of the main drivers of data destructive services market. Internet systems of any organization can be hacked through lots of different tacticks. Personal information about employees can be exploited to pose as authorized persons on the internet, personal information about clients and staff can also be exploited to steal their identities and put their assets at risk. The most effective technique to ensure that user’s data does not reach in the wrong hands is to use a data destruction service.
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During the forecast period, the rapid advancements in information technology, such as the use of cloud data, are likely to propel the global data destruction service market. This type of system has a self-data deletion algorithm. Old data will be automatically erased from the cloud after a set period of time. Each data item will be given a time stamp when it is stored in the cloud. As a result, the data is stored in encrypted format while increasing security, and self-data destruction. No duplicate data is stored on the cloud, resulting in a reduction in the amount of rent that the user must pay. Software data destruction is one of the most efficient ways to remove sensitive data from a disc while keeping the disc functioning for re-use or resale.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Method
- By Industry
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- CBL, CIMELIA RESOURCE RECOVERY PTE LTD., Cleardata, Ingram Micro, Inc., and DataServ, LLC, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Data Destruction Service Market Report by Segment
By Method
- Degaussing
- Hidden Data
- Overwriting
- Shredders
By Industry
- Aerospace & Defense
- Automotive & Transportation
- BFSI
- Consumer Goods & Retail
- Government & Public Sector
- Healthcare & Life Sciences
- IT & Telecom
- Manufacturing
- Others (including Construction & Real Estate, Media & Entertainment, Tourism, Education, Energy & Utilities)
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