Data Destruction Service Market size was over USD 12.73 billion in 2023 and is poised to cross USD 63.8 billion by the end of 2036, witnessing more than 13.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of data destruction service is estimated at USD 14.07 billion.
To ensure the data security and safety, most of the organizations are using the data destruction service. Confidential data can be client details, employee records or monetary information which can be stored on various media platform from paper to CDs and hard drives, which is why, it is crucial for all businesses to choose an assured data destruction service provider. The cases of data breaches are increasing day by day, making the secure handling and destruction of data very important to avoid any kind of data breach or theft. The total number of breaches in 2019 was around 1,4oo, up from over 1,250 in the year before. 16o million records were exposed in 2018, with more than 2.5 billion social media records breached in the same year.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
13.2% |
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Base Year Market Size (2023) |
USD 12.73 billion |
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Forecast Year Market Size (2036) |
USD 63.8 billion |
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Regional Scope |
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The data destruction service market is segmented on the basis of OS type into Windows, Linux and others, out of which, the Windows OS segment is anticipated to grab the largest share by the end of 2021, as Windows OS is the most prevalent operating system worldwide, normally found on desktops, laptops and tablets. Windows OS is typically hardware agnostic which means that it works on a variety of third-party technology. So, employers utilize more than one data destruction solution to ensure the complete destruction of the data from the devices to avoid any mishap with the data, which is estimated to boost the segment growth. The adoption of different innovative data destruction techniques among the organisation are the major catalyst projected to contribute in the growth of the segment during the forecast period.
Our in-depth analysis of the global data destruction service market includes the following segments
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By OS Type |
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By Component |
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By Application
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North America Market Statistics
The global data destruction service market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. North America industry is likely to hold largest revenue share by 2036, owing to increasing cases of cybercrime, privacy attack, and data theft. The government is functioning to curb these crimes, which is estimated to increase the demand for these services amongst governmental and non-governmental organisations. Moreover, emerging artificial intelligence, IoT, and other technologies canoes threat to the security of data, which is expected to boost the market growth.
The data destruction service market in the Asia Pacific is estimated to have a significant market share over the forecast period, owing to the adoption of technological advancement, rising awareness about data theft, and cybercrimes, combined with implementation of different ways to avoid the data breaches, such as strict government policies and regulations in several countries like India, China and Japan.
September, 2020: Stellar Information Technology Pvt. Ltd. launched BitRaser, a data erasure and diagnostic tool to permanently erase all data from storage devices to secure data privacy at the end of the device lifecycle.
Author Credits: Abhishek Verma
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