Data Destruction Service Market Size

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.