Data in an enterprise travels through many devices.

It uses multiple zero's and ones to overwrite data on all parts of the device to prevent the risk of sensitive data leakage. Overview of Global Data Erasure Solutions Marketĭata erasure/data wiping or data clearing is a software-based method of overwriting the data that aims to completely destroy all electronic data residing on a hard disk drive or other digital media.

However, numerous businesses still have onsite data destruction needs due to security concerns, which is expected to enhance the adoption of advanced data erasure solutions by end-users, thus driving the global market. During the COVID-19 situation, data destruction slowed worldwide among all industries, as many businesses shifted to work-from-home models.

Increase in the number of cyber-attacks and hacking is one of the most important factors that is likely to drive the demand for data erasure solutions. Governments of developing countries such as India and China are increasingly investing to protect data from cyber-attacks and thefts by imposing data security regulations among various end-users. Increasing penetration of technology and rising investments in optimal utilization of data erasure solutions across different countries such as the U.S., the U.K., Germany, France, China, India, and Brazil are projected to offer growth opportunities to data erasure solution providers in the global market. Proliferation of data centers, new regulations requiring data security, and other industry trends are generating demand for a certified data erasure solution, which helps to remove data.

The global data erasure solutions market is expected to surpass value of US$ 4.3 Bn by the end of 2031Īnalysts’ Viewpoint on Global Data Erasure Solutions Market Scenario.

It is estimated to grow at a CAGR of 13.1% from 2022 to 2031.

The global data erasure solutions market was valued at US$ 1.3 Bn in 2021.

Data Erasure Solutions Market Outlook 2031

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