Regional Analysis

Global Data Erasure and Destruction Service Market: Regional Insights

On the basis of region, the global data erasure and destruction service market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America region held major share in the global data erasure and destruction service market in 2018 owing to the presence of a large number of key players such as Ecrion Software, Conduent Inc., Paragon Communications, Enghouse Interactive Inc., Xerox Corporation, and others.

Moreover, Asia Pacific is expected to be the fastest growing region in the global data erasure and destruction service market over the forecast period due to rapid increase in small and medium scale industries. In order to gain a competitive edge, companies are investing in cloud storage and server based systems. Cloud storage is saving companies data on other server which is provided by cloud Storage Company. For instance, Google Cloud Storage, an enterprise based storage platform provided by Google Inc., an US based Technology Company. This facility is store large amount of personal or company’s data on googles server. This data is needs to be deleted, when cloud storage companies changes companies’ hardware. Small and medium scale industries in APAC are investing in cloud storage, which has made Asia Pacific a potential market for data erasure and destruction services. For instance, in June 2018, a report published by Indian Brand Equity Foundation (IBEF),In India, Micro, Small & Medium Enterprise (MSME) sector revenue rose by 27% in financial year 2017 -18.

On the basis of region, global data erasure and destruction service market is segmented into: