Report Overview:
Copy data management (CDM) is an approach or technology in which unnecessary duplication of production data is eliminated in order to reduce storage consumption. Production data comprises backup, vault, snapshot, and data copies made for various IT or business functions. CDM software captures application-consistent data and generates a backup/ recovery copy of the data in the secondary storage system. CDM follows an application-centric approach to capture data and stores the captured data in applications native format throughout the data cycle.
CDM enables the creation of virtual copies of data which can be managed more efficiently and effectively with backup and disaster recovery options for enterprises. CDM software also helps to minimize the software license cost by eliminating the need for duplicate software license to retail multiple copies of a file. Moreover, CDM technology also helps businesses to form disaster recovery strategies in order to create, optimize, and manage backup, recovery points, and test data management environments. Many CDM vendors provide unique features which enable enterprises to consolidate the secondary storage into a single platform and helps to save storage space and operational time.
Market Value:
The global Copy Data Management Softwares Market was valued at US$ 1.38 billion in 2023 and is predicted to reach US$ 2.89 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast period (2023-2030).
CAGR of 11.6%
(2024 – 2030)
By Types:
• On-premise • Cloud-based
By Applications:
Key players include:
• IBM Corporation
Catalogic Software
Nicman Group
Dell
Actifio
Veritas Technologies Ribbon Communications(Edgewater Networks)
Rubrik, Inc
• Cohesity, Inc
• Commvault Systems, Inc
