Data Theft Risks During Coronavirus Fuel Demand for Data Erasure Solutions
Due to the increasing rates of identity threats during the COVID-19 pandemic, data erasure tools have witnessed high demand. Stellar is in talks for its data recovery-proof erasure variants, BitRaser, which helps to erase personal information of users while disposing of storage devices. Such trends are translating into revenue opportunities for companies in the data erasure solutions market.
Companies in the data erasure solutions market are increasing the availability of tools fully eradicate data from storage devices, whilst effectively preventing end-of-use privacy breaches. They are developing software that prevents restoration of information from storage devices, since the rates of identify threats have shot up dramatically amid the ongoing coronavirus pandemic. Software companies are targeting highly regulated industries, since they are more conscious about data theft.
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Tamper-proof Certificates for Data Sanitization Methods Help in Effective Data Purging
The data erasure solutions market is expected to advance at an explosive CAGR of ~29% during the forecast period. However, correctly purging the data that resides in the deep recesses of the inventory one wishes to sell can be challenging. Hence, companies in the data erasure solutions market such as Ontrack is gaining recognition for offering software that confirms the total number of overwriting passes that are performed and verified by the erasure software.
Software developers are creating solutions that allow double-checking of the data being erased. Users are gaining awareness about auditable and tamper-proof certificates that ensure the data sanitization methods are effective.
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GDPR Guidelines in India Leverage Remote Data Erasure Capabilities
The data erasure solutions market is estimated to cross a valuation of US$ 21.4 Bn by 2030. Companies are making sure that corporate data of an organization is unreadable by cyber criminals. Thus, companies in India are adhering to the General Data Protection Regulation (GDPR) guidelines to ensure data protection and digital privacy. Corporate companies are participating in webinars that create awareness about end-of-life data, minimize data leaks, and make corporate data unreadable.
Software-based data destruction is creating incremental opportunities for companies in the data erasure solutions market. Blancco – a provider of certified, secure data erasure software for a range of IT assets, is gaining popularity for offering remote data erasure capabilities. Careful auditing of data destruction ensures that the data has been effectively sanitized with no scope for error.
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