Data Backup and Recovery Market Synopsis
Data Backup and Recovery Market Size is Valued at USD 14.23 Billion in 2024 and is Projected to Reach USD 31.18 Billion by 2032, Growing at a CAGR of 10.30% From 2024-to 2032.
The Data Backup and Recovery Market can therefore be described as a market that deals with services and products geared towards the protection and recreating data in cases of loss due to a variety of reasons such as hardware problems, cybercriminals, user mistakes or natural disasters. This market is endowed with an increase in data volumes handled within organizations, emerging threats from cyber criminals, as well as integration of regulatory compliance. This type of solution is either hosted on the enterprise’s server/client end or deployed through cloud services and has applications across the BFSI, healthcare, IT, and manufacturing sectors. The growth of software services and various market technologies like the cloud, AI, and automation explain this, by their ability to provide scholastic improvements and market capacities for various organizations.
- It was also corroborated that the market is expanding at an exponential rate due to the exponential generation of data in enterprises. In the context of the increased rate of digitalization, which results in vast amounts of data being generated by businesses, issues of Data Management and Protection are growing increasingly critical. The availability and use of<|reserved_special_token_254|>apper BIG DATA, Internet of Things (IoT) devices, and artificial intelligence also fuels the generation of more data.
- Similarly, the phenomenon of critical data asset is asserting growing importance for organizations and provoking them to opt for sophisticated data backup and recovery solutions. This trend is even more typical for industries where data management plays a critical role for business success, for instance, BFSI, healthcare, and IT and telecommunication industries where data loss can be a critical problem.Apart from this, increasing prevalence of cyber-attacks such as ransomwares coupled with the growing mass of data are the key factors that drive the data backup and recovery market.
- Needless to say that cyber-criminal activities are on the rise and are equally dangerous for small and large businesses and across all sectors, posing a significant threat and risk of data loss. Unfortunately, this has led to many organizations losing their vital data or having details that are hard to retrieve This makes it very crucial for firms to adopt backups/restore strategies for business continuity.
- Moreover, the organizational compliance laws like cybersecurity rules in Europe and similar rules in other continents make it essential for companies to ensure the safety of their data and compel them to use proper backup and recovery tools. This is further complemented by the growth in the usage of cloud solutions as this type of solutions for moving and backing up data provide greater flexibility and cost-effectiveness when applied to a company’s data.
Data Backup and Recovery Market Trend Analysis
Emerging Trends in the Data Backup and Recovery Market, Growth Drivers and Technological Innovations.
- The Data Backup and Recovery Market has been shown to be on the rise particularly because of the major factor of data growth that is the amount and rate at which enterprises produce their data. With increased use of data in many firms, it has become even more important to backup and recover data lost through unexpected circumstances.
- The emergence of new technologies that generate new data is increasing at the same rate as the fear of ransomware attacks and other cyber threats, highlighting the need to create reliable protection systems to minimize the risks. Moreover, compliance laws like the GDPR and the CCPA also make it mandatory for the firm to put in place sound data backup and disaster recovery measures to protect sensitive data and the operations of a firm.
- Technology is also used in the planning and implementation of the data backup and recovery process. Advances in artificial intelligence (AI), machine learning and other related categories offer improvements to these solutions in terms of performance and function, allowing for faster and more precise methods of data recovery.
- The propensity to adopt cloud coupled with SaaS means that the market for cloud-based back-up / recovery will be highly sought after as it offers functionality on top of backup and recovery which includes flexibility, scalability and conversion cost. ‘As organizations getting ready to move into holistic digital environment, the data backup and recovery market is predicted to grow in terms of investment to create new-age and integrated solutions for enterprises.
Harnessing Innovation and Compliance
- The Data Backup and Recovery Market has shown promising signs of growth in the various parts in the world as the volume of data processed by the various industries continue to expand. Even with the constant technological development, data backup and recovery is a major necessity as companies generate large amounts of data. It opens doors to perfection and a chance for firms to develop solutions that cut across various fields to meet the needs of diverse industries.
- Cloud-based backup solutions can be especially promising because of their high profitability based on the ability to scale and deliver relatively inexpensive service with a convenient interface. These difficulties are often solved with help of cloud solutions, and more and more SMEs purchase these solutions to avoid the risks connected with data loss; it means that the vendors can expand the segment of the potential audience. Also, the adoption of AI & ML in backup solutions can drive improvements in data recovery processes to become reliable and improved than other trends hence providing an advantage to the vendors who include the technology.
- Another great opportunity is the demand for effective solutions for compliance with the requirements of various industry regulations. Due to the increasing laws governing data privacy standards involving the GDPR in Europe and the CCPA in America, firms are compelled to find solid data backup and restore solutions. An essential requirement being provided by such vendors is the ability to offer solutions that would enable compliance with these regulations and therefore provider a large share of the market.
- Additionally, the increasing threats such as ransomware make it necessary that an organization should have backup and recovery system systems that are sound. While organizations continue to deploy backup systems to protect their crucial data against such risks, there is a common desire for cybersecurity protection in congregate with the backup systems. Those companies, with the ability to offer robust, secure and compliance-based backup and recovery solutions stand to benefit from these market drivers and foster growth and development in the landscape.
Data Backup and Recovery Market Segment Analysis:
Data Backup and Recovery Market is segmented on the basis of Type, Deployment Model, and Industry Vertical.
By Type, Software segment is expected to dominate the market during the forecast period
- By product category, the Data Backup and Recovery Market can be classified broadly as software and services. Software solutions play a critical role in enabling the backup and recovery procedure by incorporating a variety of products, including data recovery software, backup software, and cloud-based backup solutions. By facilitating the automation and streamlining of data protection processes, these software tools enable organizations to guarantee prompt and effective data recovery in the event of loss.
- Conversely, services assume an indispensable function in bolstering the execution and administration of such backup and recovery solutions. This includes support services, training, and consulting, in addition to managed services that supervise the ongoing operations of backup systems, and training, consulting, and support services that assist businesses in optimizing their data protection strategies. Collectively, these software and service offerings constitute the foundation of a resilient data backup and recovery framework, furnishing all-encompassing solutions to protect vital business data.
By Deployment Model, Cloud Based segment held the largest share in 2023
- By deployment model, the Data Backup and Recovery Market is divided into on-premise and cloud-based solutions. On-premise solutions necessitate substantial investments in hardware and maintenance, but provide enhanced control over data and security by deploying backup and recovery systems within the data centers of the organization. Major enterprises that possess substantial IT infrastructure and rigorous data security standards generally exhibit a preference for these solutions.
- In contrast, backup and recovery services are delivered through cloud-based solutions, which provide scalability, flexibility, and frequently reduced initial expenses. Due to their cost-effectiveness and simplicity of implementation, these solutions are particularly appealing to small and medium-sized enterprises (SMEs). Furthermore, by allowing organizations to utilize the most recent developments in backup technology without requiring substantial financial investments, the cloud-based model is gaining popularity in a variety of industry sectors.
Data Backup and Recovery Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- The North American data backup and recovery market represents a growing and highly competitive segment that stems from the heightened level of information generated constantly by firms and individuals. Thanks to the present advancements in information technologies and the increased dependence on data in management operations, the kind of backup and restore services has become a matter of extreme significance.
- Currently, there are many big technological firms within North America to supply technology services since most of them develop new services to meet market needs. These companies are noticeably directing their resources towards product development – conducting research to come up with sound and effective data back- up and recovery solutions to meet the dynamic demands of firms in the region well.
- The extent of competition is also high with many firms, both old and new, bringing to consumers a myriad of goods and services. Various competitors with similar products and services that have spurred the advancements of new products, making them a highly active market.
- Another emerging tendency in the field of data backup and recovery in several countries of the North of America is the growth of interest in cloud solutions. They have following benefits comparable to traditional backup methods; cost effectivity, expansibility and security. Consequently, we are witnessing a growing trend in the adoption of the cloud backup solutions that many companies in the region are using to safeguard their information.
- Another emerging trend that emerged quite recently is gaining weight in data security and compliance. As the threats of cyber-attacks are becoming persistent and more legal acts, such as GDPR and CCPA are emerging, the enterprises are paying more attention to the safety and compliance of the data. This has resulted in increased use of backup and recovery suppliers to provide flexible and secure protection services that meet requirements on compliance. It is also important to note that North American data backup and recovery market is a very active and dynamic industry and there are a lot of players competing in this market and many more wishing to join it in the future. I have established that the current volume of data being produced and utilization of data in organizations is rising, therefore the market predictably fuels future growth.
Active Key Players in the Data Backup and Recovery Market
- Commvault (USA)
- Veeam Software (Switzerland)
- IBM Corporation (USA)
- Hewlett Packard Enterprise (HPE) (USA)
- Dell Technologies (USA)
- Veritas Technologies (USA)
- Acronis International GmbH (Switzerland)
- Carbonite (OpenText) (USA)
- Datto Inc. (USA)
- Unitrends (Kaseya Limited) (USA)
- Barracuda Networks, Inc. (USA)
- Asigra Inc. (Canada)
- Arcserve (Marlin Equity Partners) (USA)
- StorageCraft Technology Corporation (USA)
- Code42 Software (USA)
- Others Active players.
Global Data Backup and Recovery Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2024: |
USD 14.23 Bn. |
Forecast Period 2023-32 CAGR: |
10.30 % |
Market Size in 2032: |
USD 31.18 Bn. |
Segments Covered: |
By Type |
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By Deployment Model |
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By Industry Vertical |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- DATA BACKUP AND RECOVERY MARKET BY TYPE (2017-2032)
- DATA BACKUP AND RECOVERY MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- SOFTWARE
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- SERVICE
- DATA BACKUP AND RECOVERY MARKET BY DEPLOYMENT MODEL (2017-2032)
- DATA BACKUP AND RECOVERY MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- ON-PREMISE
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- CLOUD-BASED
- DATA BACKUP AND RECOVERY MARKET BY INDUSTRY VERTICAL (2017-2032)
- DATA BACKUP AND RECOVERY MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- BFSI
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- HEALTHCARE
- IT AND TELECOMMUNICATION
- RETAIL AND E-COMMERCE
- GOVERNMENT AND PUBLIC SECTOR
- MANUFACTURING
- EDUCATION
- OTHERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- DATA BACKUP AND RECOVERY MARKET Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- COMMVAULT (USA)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- COMMVAULT (USA)
- VEEAM SOFTWARE (SWITZERLAND)
- IBM CORPORATION (USA)
- HEWLETT PACKARD ENTERPRISE (HPE) (USA)
- DELL TECHNOLOGIES (USA)
- VERITAS TECHNOLOGIES (USA)
- ACRONIS INTERNATIONAL GMBH (SWITZERLAND)
- CARBONITE (OPENTEXT) (USA)
- DATTO INC. (USA)
- UNITRENDS (KASEYA LIMITED) (USA)
- BARRACUDA NETWORKS, INC. (USA)
- ASIGRA INC. (CANADA)
- ARCSERVE (MARLIN EQUITY PARTNERS) (USA)
- STORAGECRAFT TECHNOLOGY CORPORATION (USA)
- CODE42 SOFTWARE (USA)
- COMPETITIVE LANDSCAPE
- GLOBAL DATA BACKUP AND RECOVERY MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Deployment Model
- Historic And Forecasted Market Size By Industry Vertical
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Data Backup and Recovery Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2024: |
USD 14.23 Bn. |
Forecast Period 2023-32 CAGR: |
10.30 % |
Market Size in 2032: |
USD 31.18 Bn. |
Segments Covered: |
By Type |
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By Deployment Model |
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By Industry Vertical |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. DATA BACKUP AND RECOVERY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. DATA BACKUP AND RECOVERY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. DATA BACKUP AND RECOVERY MARKET COMPETITIVE RIVALRY
TABLE 005. DATA BACKUP AND RECOVERY MARKET THREAT OF NEW ENTRANTS
TABLE 006. DATA BACKUP AND RECOVERY MARKET THREAT OF SUBSTITUTES
TABLE 007. DATA BACKUP AND RECOVERY MARKET BY TYPE
TABLE 008. CLOUD MARKET OVERVIEW (2016-2028)
TABLE 009. ON-PREMISES MARKET OVERVIEW (2016-2028)
TABLE 010. DATA BACKUP AND RECOVERY MARKET BY APPLICATION
TABLE 011. APPLICATION A MARKET OVERVIEW (2016-2028)
TABLE 012. APPLICATION B MARKET OVERVIEW (2016-2028)
TABLE 013. APPLICATION C MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA DATA BACKUP AND RECOVERY MARKET, BY TYPE (2016-2028)
TABLE 015. NORTH AMERICA DATA BACKUP AND RECOVERY MARKET, BY APPLICATION (2016-2028)
TABLE 016. N DATA BACKUP AND RECOVERY MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE DATA BACKUP AND RECOVERY MARKET, BY TYPE (2016-2028)
TABLE 018. EUROPE DATA BACKUP AND RECOVERY MARKET, BY APPLICATION (2016-2028)
TABLE 019. DATA BACKUP AND RECOVERY MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC DATA BACKUP AND RECOVERY MARKET, BY TYPE (2016-2028)
TABLE 021. ASIA PACIFIC DATA BACKUP AND RECOVERY MARKET, BY APPLICATION (2016-2028)
TABLE 022. DATA BACKUP AND RECOVERY MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA DATA BACKUP AND RECOVERY MARKET, BY TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA DATA BACKUP AND RECOVERY MARKET, BY APPLICATION (2016-2028)
TABLE 025. DATA BACKUP AND RECOVERY MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA DATA BACKUP AND RECOVERY MARKET, BY TYPE (2016-2028)
TABLE 027. SOUTH AMERICA DATA BACKUP AND RECOVERY MARKET, BY APPLICATION (2016-2028)
TABLE 028. DATA BACKUP AND RECOVERY MARKET, BY COUNTRY (2016-2028)
TABLE 029. IBM (US): SNAPSHOT
TABLE 030. IBM (US): BUSINESS PERFORMANCE
TABLE 031. IBM (US): PRODUCT PORTFOLIO
TABLE 032. IBM (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. CA TECHNOLOGIES (US): SNAPSHOT
TABLE 033. CA TECHNOLOGIES (US): BUSINESS PERFORMANCE
TABLE 034. CA TECHNOLOGIES (US): PRODUCT PORTFOLIO
TABLE 035. CA TECHNOLOGIES (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. COMMVAULT: SNAPSHOT
TABLE 036. COMMVAULT: BUSINESS PERFORMANCE
TABLE 037. COMMVAULT: PRODUCT PORTFOLIO
TABLE 038. COMMVAULT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. (US): SNAPSHOT
TABLE 039. (US): BUSINESS PERFORMANCE
TABLE 040. (US): PRODUCT PORTFOLIO
TABLE 041. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. DELL (US): SNAPSHOT
TABLE 042. DELL (US): BUSINESS PERFORMANCE
TABLE 043. DELL (US): PRODUCT PORTFOLIO
TABLE 044. DELL (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. HPE (US): SNAPSHOT
TABLE 045. HPE (US): BUSINESS PERFORMANCE
TABLE 046. HPE (US): PRODUCT PORTFOLIO
TABLE 047. HPE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. ORACLE (US): SNAPSHOT
TABLE 048. ORACLE (US): BUSINESS PERFORMANCE
TABLE 049. ORACLE (US): PRODUCT PORTFOLIO
TABLE 050. ORACLE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. MICROSOFT (US): SNAPSHOT
TABLE 051. MICROSOFT (US): BUSINESS PERFORMANCE
TABLE 052. MICROSOFT (US): PRODUCT PORTFOLIO
TABLE 053. MICROSOFT (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. VERITAS TECHNOLOGIES (US): SNAPSHOT
TABLE 054. VERITAS TECHNOLOGIES (US): BUSINESS PERFORMANCE
TABLE 055. VERITAS TECHNOLOGIES (US): PRODUCT PORTFOLIO
TABLE 056. VERITAS TECHNOLOGIES (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. ACRONIS (US): SNAPSHOT
TABLE 057. ACRONIS (US): BUSINESS PERFORMANCE
TABLE 058. ACRONIS (US): PRODUCT PORTFOLIO
TABLE 059. ACRONIS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. NETAPP (US): SNAPSHOT
TABLE 060. NETAPP (US): BUSINESS PERFORMANCE
TABLE 061. NETAPP (US): PRODUCT PORTFOLIO
TABLE 062. NETAPP (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. UNITRENDS (US): SNAPSHOT
TABLE 063. UNITRENDS (US): BUSINESS PERFORMANCE
TABLE 064. UNITRENDS (US): PRODUCT PORTFOLIO
TABLE 065. UNITRENDS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. VEEAM (US): SNAPSHOT
TABLE 066. VEEAM (US): BUSINESS PERFORMANCE
TABLE 067. VEEAM (US): PRODUCT PORTFOLIO
TABLE 068. VEEAM (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. DATA BACKUP AND RECOVERY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. DATA BACKUP AND RECOVERY MARKET OVERVIEW BY TYPE
FIGURE 012. CLOUD MARKET OVERVIEW (2016-2028)
FIGURE 013. ON-PREMISES MARKET OVERVIEW (2016-2028)
FIGURE 014. DATA BACKUP AND RECOVERY MARKET OVERVIEW BY APPLICATION
FIGURE 015. APPLICATION A MARKET OVERVIEW (2016-2028)
FIGURE 016. APPLICATION B MARKET OVERVIEW (2016-2028)
FIGURE 017. APPLICATION C MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA DATA BACKUP AND RECOVERY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE DATA BACKUP AND RECOVERY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC DATA BACKUP AND RECOVERY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA DATA BACKUP AND RECOVERY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA DATA BACKUP AND RECOVERY MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Data Backup and Recovery Market research report is 2024-2032.
Commvault (USA), Veeam Software (Switzerland), IBM Corporation (USA), Hewlett Packard Enterprise (HPE) (USA), Dell Technologies (USA), Veritas Technologies (USA), Acronis International GmbH (Switzerland), Carbonite (OpenText) (USA), Datto Inc. (USA), Unitrends (Kaseya Limited) (USA), Barracuda Networks, Inc. (USA), Asigra Inc. (Canada), Arcserve (Marlin Equity Partners) (USA), StorageCraft Technology Corporation (USA), Code42 Software (USA) and Other Major Players.
The Data Backup and Recovery Market is segmented into By Type (Software, Service), By Deployment Model (On-Premises, Cloud Based) By Industry Vertical (BFSI, Healthcare, It and Telecommunication, Retail and E-Commerce, Government and Public Sector, Manufacturing, Education, Others). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The Data Backup and Recovery Market can therefore be described as a market that deals with services and products geared towards the protection and recreating data in cases of loss due to a variety of reasons such as hardware problems, cyber criminals, user mistakes or natural disasters. This market is endowed with an increase in data volumes handled within organizations, emerging threat from cyber criminals, as well as integration of regulatory compliance. This type of solution is either hosted on the enterprise’s server/client end or deployed through cloud services and has applications across the BFSI, healthcare, IT and manufacturing sectors. The growth of software services and various market technologies like the cloud, AI, and automation explain this, by their ability to provide scholastic improvements and market capacities for various organizations.
Data Backup and Recovery Market Size is Valued at USD 14.23 Billion in 2024, and is Projected to Reach USD 31.18 Billion by 2032, Growing at a CAGR of 10.30% From 2024-2032.