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New study: Data Backup and Recovery market expected to grow at 11.59 billion in revenue by 2022

3D Technology

Get This Report with Special Discount (10% or More) | Data Backup and Recovery Market report provides analysis of top players in all regions with industry size, growth, revenue, cost, sales, technology, market insights, demand, trend, key statistics and industry forecasts to 2022.

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ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This report on the global Data Backup and Recovery market is committed fulfilling the requirements of the clients by giving them thorough insights into the market.

An exclusive data offered in this report is collected by research and industry experts team.

Data Backup and Recovery market spread across 142 Pages, profiling 12 companies and supported with tables and figures.

Table of Contents

  • Introduction
  • Research Methodology
  • Executive Summary
  • Premium Insights
  • Market Overview
  • Data Backup and Recovery Market, By Component
  • Market By Software
  • Market By Service
  • Market By Application
  • Data Backup and Recovery Market, By Organization Size
  • Market By Deployment Type
  • Market By Vertical
  • Data Backup and Recovery Market, By Region
  • Competitive Landscape
  • Company Profiles
  • Appendix

The Global Data Backup and Recovery Market size is expected to grow from US$ 7.13 Billion in 2017 to US$ 11.59 Billion by 2022, at a CAGR of 10.2% during the forecast period. Data backup and recovery software and solutions play a vital role to protect, replicate, and retain data in case of any manual or natural disaster.

“Education vertical is expected to grow at the highest CAGR during the forecast period.”

With the advent of e-learning and online exam practices, the amount of data being generated is huge and is very crucial. With such large volumes of data there arises the need to back it up to ensure the smooth operational functioning of educational institutions.

The education vertical relies on on-demand applications for business operations, from student and office staff records to research and content, to administrative information and other important data.

“The cloud segment is expected to hold the largest market size in the data backup and recovery market during the forecast period.”

Cloud solutions help to reduce the downtime on the occurrence of any loss and help to locate the data easily. Also, it offers increased scalability, as it allows increasing the storage limit easily.

The pay-as-you-use model helps organizations of all the sizes to be cost effective. SMEs prefer cloud-based deployment, as cloud-based solutions are cost effective and easy to deploy.

“North America is expected to have the largest market size, and Asia Pacific (APAC)is projected to grow at the highest rate during the forecast period.”

North America is expected to hold the largest market share in the data backup and recovery market during the forecast period. The government initiatives and regulatory policies, such as Payment Card Industry Data Security Standard (PCI DSS) and Sarbanes–Oxley (SOX) to promote the adoption of data backup and recovery software and associated services in the region.

Furthermore, North America is witnessing the increasing adoption of cloud with IoT to handle the massive amount of data generated from smart devices.

The break-up of the profiles of primary participants is as follows:

  • By Company: Tier 1 – 30 %, Tier 2 – 40%, and Tier 3 – 30%
  • By Designation: C-Level – 72%, Director Level – 14%, and Others – 14%
  • By Region: North America – 57%, Europe – 14%, APAC and ROW – 29%

Study Objectives:

The main objective of the report is to define, describe, and forecast the data backup and recovery market size by component (software and services), application, organization size, deployment type, vertical, and region. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.

The report attempts to forecast the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key market players and comprehensively analyzes their core competencies.

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Top Key Players in the Data Backup and Recovery Market include are IBM (US), CA Technologies (US), Commvault, (US), Dell (US), HPE (US), Oracle (US), Microsoft (US), Veritas Technologies (US), Acronis (US), NetApp (US), Unitrends (US) and Veeam (US).

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