UK data backup and recovery market is estimated to grow considerably at a CAGR of 10.3% during the forecast period. UK is one of the most modern and technologically updated countries globally. The industries in the country are getting updated with the technology at a high rate and with this, the dependency on online services such as internet, cloud services, and IoT are increasing continuously. With increasing of this dependency, it is expected that the companies will increase their investment in digital security, backup and services from the service provider as the internet attacks are increasing considerably. As per the Cyber Security Breach Survey 2018, about 43% of all the firms have experienced a cyber breach in 2018. Medium and large businesses were likely to have experienced breaches. Hence, in order to safeguard their data, companies use backup and recovery solution so that loss can be minimized in case of cyber-attack.

Increasing cybercrime is a major factor which is augmenting the need for data backup and recovery in the country. Hackers can breach personal data through financial fraud, theft of other valuable information and can harm financially. In 2018, as per Office for National Statistics, there were around 3.64 million fraud incidents in England and Wales, out of which 2.72 million had loss of data or capital or both. Additionally, there were 976,000 computer misuse cases which include 506,000 unauthorized access to personal information and hacking. Rate per 1,000 adults for frauds and computer misuse was 78 and 21 respectively. Due to all these factors, it is expected that there will be considerable motivation for the domestic players in the data backup and recovery market. 

The companies which are contributing to the growth of UK 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. 

Research Methodology

The market study of the UK 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. UK Data Backup and Recovery Market Research and Analysis by Deployment Type
2. UK Data Backup and Recovery Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the UK 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 UK data backup and recovery market.
• Insights about market determinants which are stimulating the UK data backup and recovery market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.