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 countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain.

In order to protect data in a 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 user 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 process personal data at its branches in the European Union, irrespective of the location of data process.

The companies which are contributing to the growth of the European data backup and recovery market include Amazon Web Services, Inc., IBM Corp., Oracle Corp., Hewlett Packard Enterprise Co., and Microsoft Corp. 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, Acronis released an update to its universal software-defined infrastructure solution by the name, Acronis Cyber Infrastructure 3.0. This new update release will offer end-customers and service providers with cost-efficient and multi-purpose cyber protection solutions for their business. While from the company’s point of view, this launch will strengthen its existing customer-base, thereby creating further lucrative opportunities for market expansion.

Research Methodology

The market study of the European data backup and recovery market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. European Data Backup and Recovery Market Research and Analysis by Deployment Type
2. European Data Backup and Recovery Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the European data backup and recovery market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European data backup and recovery market.
• Insights about market determinants which are stimulating the European data backup and recovery market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.