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Industry Landscape
The enterprise data management industry is experiencing rapid growth driven by the increasing volume of data, stringent regulatory requirements (GDPR, CCPA), and the growing adoption of cloud platforms like Salesforce. Organizations are prioritizing data security, backup, and compliance solutions to mitigate risks and ensure business continuity. Automation and AI are increasingly integrated to enhance efficiency and insights.
Total Assets Under Management (AUM)
Data Storage Market Size in United States
~Approximately $400 billion USD
(17.8% CAGR)
- Growing adoption of cloud storage solutions.
- Increasing demand for data backup and recovery.
- Rise in data generation across industries.
Total Addressable Market
320 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Data Management
Generative AI can automate data synthesis, anonymization, and complex data model generation for testing and development environments, significantly reducing manual effort and improving data utility.
Homomorphic Encryption
Homomorphic encryption allows computation on encrypted data without decrypting it, offering a revolutionary approach to data security and privacy in cloud environments.
Federated Learning
Federated learning enables collaborative AI model training across decentralized datasets without sharing raw data, enhancing privacy and compliance for distributed data management.
Impactful Policy Frameworks
California Privacy Rights Act (CPRA) 2020
The CPRA (effective January 1, 2023) expanded upon the CCPA, granting consumers more control over their personal information and establishing the California Privacy Protection Agency (CPPA) for enforcement.
This policy directly impacts Odaseva's clients by requiring enhanced data privacy controls, more rigorous data subject request (DSR) fulfillment, and robust data security measures for California residents' data.
EU Digital Operational Resilience Act (DORA) 2022
DORA (effective January 17, 2025) is an EU regulation establishing a comprehensive framework for managing ICT third-party risk for financial entities, focusing on operational resilience.
For Odaseva's financial services clients, DORA mandates stricter requirements for data backup, recovery, and resilience planning, making robust data management solutions critical for compliance.
National Cybersecurity Strategy 2023 (United States)
This strategy outlines the Biden administration's approach to cybersecurity, emphasizing the need for public-private collaboration, defending critical infrastructure, and fostering a secure digital ecosystem.
This strategy creates a stronger imperative for enterprises to adopt advanced data security measures and robust data protection solutions like Odaseva's Zero Trust offerings to mitigate cyber risks and protect critical data.
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