The integration of the Blockchain-based data verification technologies with data resiliency solutions such as data backup and recovery allows the vendors to provide backup data to users on local drives or the cloud. This has increased the growth opportunities for the data resiliency market.

Based on component, the services segment of the data resiliency market is estimated to grow at a higher CAGR than the solutions segment during the forecast period. There has been a surge in demand for professional services and managed services, which include implementation & integration services, support & maintenance services, and consulting services. Service providers offer these services to help customers deploy data resiliency solutions successfully. The solutions component segment led the data resiliency market in 2017.

Based on vertical, the Banking, Financial Services, and Insurance (BFSI) segment is expected to lead the data resiliency market in 2018. The growth of this segment of the market can be attributed to the increasing concerns to ensure the security of critical data of the BFSI sector.

The Asia Pacific data resiliency market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific data resiliency market can be attributed to the growing use of data resiliency solutions in verticals such as BFSI, IT & telecommunication, retail, and healthcare to protect and backup their crucial enterprise data. The increase in the number of cyberattacks and ransomware attacks has led organizations to deploy data resiliency solutions in the Asia Pacific region. The data resiliency market in China, Japan, South Korea, and Indonesia is projected to witness significant growth during the forecast period, owing to the increased number of organizations shifting their applications to the cloud.