File System Mirroring Software Market: Trends, Size, Share and Growth

Posted by Kishor on February 13th, 2019

File system mirroring software is designed to prevent data loss caused due to failure, error, and disaster. This software solution offers replication and recovery of data. Moreover, it generates a single and compressed file which can be utilized for disaster recovery and backup purposes. If any data disaster occurs, the organization can use the software to restore system data with the help of this mirroring file software. Moreover, organizations can schedule system updates to ensure the capture of new data or file changes.

Rise in data disaster and data hacking is a key factor driving the global file system mirroring software market. Increasing concerns regarding secured data storage among enterprises fuels the market. File system mirroring software provide high speed, better security, and enhanced load balancing. Furthermore, the software provides solutions for cloud storage data. It also improves network security by providing a password. This prevents unauthorized access from beyond network boundaries to the data and allows access only from a specified router. Moreover, it also allows enterprises to store multiple image backup files on a single drive. These factors are expected to increase the demand for the file system mirroring software across the globe during the forecast period. However, complex structure and high costs associated with managing solutions restraints the global market. Emergence of smart router control solutions creates significant opportunities in the market.

The global file system mirroring software market can be categorized based on storage type, operating system, enterprise size, industry vertical, and region. In terms of storage type, the file system mirroring software market can be bifurcated into cloud and disk type. The disk type segment can be further divided into local disk, CD disk, and network disk. Based on operating system, the file system mirroring software market can be segregated into Linux, Windows, Android, and others. In terms of enterprise size, the market can be classified into large enterprises and small & medium enterprises (SMEs). The large enterprises segment accounted for a dominant share of the market in 2017 due to the rise in need for data recovery solutions against cybercrimes.

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However, rate of adoption of the software in SMEs in expected to rise significantly, as these software offer flexible and easy platforms for data storage. Based on industry vertical, the file system mirroring software market can be categorized into Banking, Financial Services, & Insurance (BFSI), government, IT & telecom, health care, transportation & logistics, education, retail, media & entertainment, manufacturing, energy & utility, and others (include travel & hospitality, legal, real estate).

In terms of region, the global file system mirroring software market can be split into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to dominate the global market during the forecast period due to the increase in need for effective data backup software solution in the region. The market in Europe is gaining traction due to the rise in demand for file system mirroring software solutions, as data breaches and data hacking are increasing. The file system mirroring software market in Asia Pacific is anticipated to expand at a substantial pace during the forecast period due to the rise in Internet penetration and digitalization. The file system mirroring software market in Middle East & Africa and South America is projected to expand at a sluggish pace due less awareness about file system mirroring software.

Companies operating in the global file system mirroring software market provide subscription and perpetual pricing models. Companies in the market offer scalable pricing for small, medium, and large enterprises. Key players in the file system mirroring software market focus on innovation and development to sustain in the market. For instance, in November 2018, XenData, Inc. launched file system mirroring software solutions for hybrid cloud, local disk, and optical disc. Key players operating in the global file system mirroring software market include XenData, Inc., Acronis International GmbH, Hewlett-Packard Company, Huawei Technologies Co., Ltd., Oracle Corporation, IBM Corporation, Siber Systems, Morro Data, Dell Technologies, and keepITsafe Data Solutions, Ltd.