North American Data Backup and Recovery Market Size, Share & Trends Analysis Report by Deployment Type (On-Premises and Cloud-Based) and by Application (Media Storage, Email Storage, and Application Storage) and Forecast, 2019-2025. The North American data backup and recovery market is estimated to grow significantly at a CAGR of 10.6% during the forecast period.
The North American data backup and recovery market is estimated to grow significantly at a CAGR of 10.6% during the forecast period. North America is a significantly growing region in terms of the adoption of backup and recovery solutions.
Due to the presence of an abundance of data, there is increasing demand for the data backup and recovery software to protect and store the data on a routine basis. Along with this, there is a significant rise in the number of internet users in the North America region; increasing use creates the requirement for the data storage, backup and recovery platforms in the market.
According to the ITU, the UN specialized agency for ICTs estimates that at the end of 2018, 51.2 % of the global population, or 3.9 billion people will be using the internet.
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The companies which are contributing to the growth of the North American data backup and recovery market include Amazon Web Services, Inc., IBM Corp., Oracle Corp., Hewlett Packard Enterprise Co., and Microsoft Corp.
The North American market for data backup and recovery is analyzed based on countries such as the US and Canada. The US is the leading market in North America, as the well-established economy of the country laid the ground for the growth of the cloud infrastructure services market.
A significant contribution from of the global players such as Microsoft Corp., Dell Inc., IBM Crop. Oracle Corp., and Amazon Web Services, Inc.
in the US, is another factor that propels the market growth. These players are majorly working on the development of enhanced data backup and recovery systems; this contributes to increasing the market share of the region.
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The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in July 2019, Amazon Web Services, Inc.
announced the expansion of Transparency, its product serialization service, to France, Germany, Italy, Spain, UK, India, and Canada. Transparency is a product serialization service that provides a unique code for every unit that is manufactured.
More than 4,000 brands are enrolled in Transparency in the US, ranging from start-ups to Fortune 500 companies.
North American Data Backup and Recovery Market Segmentation
North American Data Backup and Recovery Market by Deployment Type
North American Data Backup and Recovery Market by Application
- Media Storage
- E-mail Storage
- Application Storage
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