According to Stratistics MRC, the Global Data backup and Recovery Market is accounted for $6.98 billion in 2017 and is expected to reach $18.21 billion by 2026 growing at a CAGR of 11.24% during the forecast period.
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Increasing demand for data security and privacy concerns, rising adoption of cloud data backup solutions, expansion of huge quantity of data are some of the key factors fueling the market growth. However, presence of data silos and intense competition from open-source platforms are hampering the growth of the market. Usage of data maturity model and blockchain solutions designed for the futures of data backup are provides ample of opportunities for the market growth.
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Data backup and recovery software and solutions play an essential position to defend, replicate, and maintain data in case of any manual or natural disaster. Data backup and recovery solutions are accessible within different personalized software forms and as a service, which is commonly identified as Backup-as-a-Services (BaaS). The requirement for consistent data backup and recovery software solutions would control the digital transformation and data protection over verticals.
By software, data retention is the constant storage space of enterprise data for acceptance. Data retention is approved by means of 2 tiers of storage. Active storage tier is a cluster of storage shelves utilize for backup and recovery, and retention storage tier, where backup data is inwardly migrated. Backup data is reserved to the active tier; in addition it automatically changes towards the retention tier. It enhanced manageability and compression to afford long-term data backup. Furthermore, data retention benefits in control and recovery of rising sum of data that businesses maintain for stringent records.
Asia Pacific is anticipated to grow at the fastest CAGR owing to increasing awareness between industries to protect and backup their vital enterprise data, mainly in BFSI, IT & telecommunications, retail, and healthcare verticals boosts the market growth in this region.
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Some of the key players in Data backup and Recovery Market include Microsoft Corporation, Hewlett Packard Enterprise Company, Dell Inc., Commvault Systems, NetApp, Inc., Unitrends Inc., IBM, Oracle Corporation, Veritas Technologies, Veeam Software, CA Technologies, Acronis International GmbH, Arcserve India Software Solutions (p) Limited and Datto, Inc.
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Deployment Types Covered:
Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises
• Application Backup
• Email Backup
• Media Storage Backup
Data Backups Covered:
• Hybrid Cloud Backup
• Disks/Tape Backup
• Direct-To-Cloud Backup
Data Recoveries Covered:
• Recovery from Cloud
• Recovery from Local Device
• Recovery right in the Cloud
End Users Covered:
• IT and Telecommunications
• Government and Public Sector
• Media and Entertainment
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare & Life Sciences
• Other End User
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
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Name: James Lamb
Organization: Stratistics Market Research Consulting Pvt Ltd
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According to Stratistics MRC, the Global Data backup and Recovery Market is accounted for $6.98 billion in 2017 and is expected to reach $18.21 billion by 2026 growing at a CAGR of 11.24% during the forecast period. Gaithersburg, MD, US – April 18, 2018 — Increasing demand for data security and privacy concerns, rising adoption […]
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