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Secure Data Destruction Solutions Market Report Offers Intelligence and Forecast till 2018 – 2026

In businesses, all critical information including financials, customer contacts, internal procedures, and proprietary information comes in the form of data. Destroying data in paper records is much easier. However, if the data is stored on an electronic device or across any network device including laptops, hard drives, servers, DLTs, CDs, PCs, LTOs, DVDs, data destruction becomes a complex process. If data is destroyed incorrectly, some of the data would remain, which would result in data breach or data leak. As the volume of data has continued to rise, data security has become a major area of concern among enterprises. As per a recent study conducted by National Association for Information Destruction (NAID) device, 40% of the used electronic devices sold in the second-hand marketplace contain a lot of critical information including tax details, contacts, company and personal data, usernames and passwords, credit card information, etc. Therefore, when an IT device is withdrawn from the existing systems, it needs to be destroyed and made non recoverable as soon as possible in order to prevent thefts or data breaches. This has led to demand for secure data destruction solutions worldwide.

Major drivers of the secure data destruction solutions market include stringent government regulations, such as HIPPA, NIST SP 800 – 88, (DOD) 5220.22 – M, CESG, NIAP and FACTA, in order to prevent loss of customer data in enterprises and growing adoption of cloud-based solutions. However, high operational costs involved and low availability of skilled workforce are major restraints of the secure data destruction solutions market. However, rapid digitization in industries and rise in the adoption of cloud-based solutions are creating lucrative opportunities for the market. On the other hand, Interoperability issues related to integration of secure data destruction solutions with the existing systems and within the enterprise is hampering the market. The secure data destruction solutions help in the cost reduction, data security within the enterprises.

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The global secure data destruction solutions market can be segmented in terms of component, type, deployment, end-use industry, enterprise, and region. Based on component, the market can be categorized into software and services. The services segment can be sub segmented into the professional services and managed services. The professional services sub segment can be sub-divided into consulting services, integration & implementation services, and support services. Based on type, the secure data destruction solutions market can be categorized into Windows, Linux, and iOS. In terms of application, the secure data destruction solutions market can be bifurcated into physical destruction & software data elimination and others. In terms of deployment, the secure data destruction solutions market can be bifurcated into on premise solutions and cloud based solutions. In terms of end-use industry, the global secure data destruction solutions market can be classified into telecom & IT, data centers, health care, banking, finance and insurance (BFSI), hospitality, education, government, retail & e-commerce, travel & hospitality, transportation, and others. In terms of enterprise size, the secure data destruction solutions market can be segmented into small & medium enterprises (SMEs) and large enterprises. Based on region, the global secure data destruction solutions market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Key players operating in the global secure data destruction solutions market include Avnet, Inc., Blancco Technology Group, Avnet, Inc., Xperien (Pty) Ltd, IBM Corporation, Microsoft Corporation, SAP SE, SEAM, WISETEK, Guardian Data Destruction, Electronic Recyclers International, and CIMELIA Resource Recovery. These companies invest considerably in research and development activities to incorporate new technologies in their solutions and develop new products. Additionally, these players engage in strategic partnerships with other players to expand their presence and gain market share in regions across the globe.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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