European 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 European data backup and recovery market is estimated to grow modestly, at a CAGR of 9.8%, during the forecast period.
The European data backup and recovery market is estimated to grow modestly, at a CAGR of 9.8%, during the forecast period. Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization.
Regulations regarding the data localization such as GDPR by the European Union and the country's own data localization and protection act are providing growth to the market. Major economies that are expected to hold a considerable market are UK, Germany, France, Italy, and Spain.
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In order to protect data in better security, European Union introduced GDPR on May 2018, after the approval in April 2016 after the 4-year preparation and debate. It has replaced the Data Protection Directive 95/46/EC.
Aim of the new law is to provide equal data privacy and protect the personal data of users and customer of companies all across Europe. Authoritative bodies include European Commission, European Parliament, and the Council of Ministers of the European Union.
Under the law, the companies/organization which are gathering the data has to ensure that it should be gathered legally, and it is mandatory to protect it from misuse and exploitation or have to face penalties for not following it. The law applies to each company or entity which processes personal data at its branches in the European Union, irrespective of the location of the data process.
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European Data Backup and Recovery Market Segmentation
By Deployment Type
- Media Storage
- E-mail Storage
- Application Storage
- Rest of Europe
- Amazon Web Services, Inc.
- Aster Global Solutions Pvt. Ltd.
- Broadcom Inc.
- Dell, Inc.
- Hewlett Packard Enterprise Co.
- IBM Corp.
- Microsoft Corp.
- NetApp Inc.
- Oracle Corp.
- Stellar Information Technology Pvt. Ltd.
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