The US data backup and recovery market is estimated to grow modestly at a CAGR of 10.7% during the forecast period. The US is the leading market in North America and the largest economy globally. The well-established economy of the country laid the ground for the growth of the cloud infrastructure services market. The individual in the country relies on digital devices, thus, it has raised the number of laptops, smartphones and computer users in the region. As per the ITU, the total number of mobile cellular in the US was estimated to be 391 million in 2017 as compared to 387 million in 2016. The number of smartphone users in the US has increased significantly over the past few years and the numbers are estimated to further rise in the future. Therefore, it is estimated, this factor will contribute to creating the data backup and recovery market growth during the forecast period.

Some of the leading players in the data backup and recovery market-based in the US are focusing on improving the currently used software. For instance, in July 2019, IBM has broadened its software storage support to its channel partners, by launching new supporting hardware in the spectrum discovery application and bring prospective for updating IBM cloud object storage. Furthermore, the company has improved the spectrum protect plus software that can make the recovery of the data during a disaster and backup of the repositories that run on the Amazon AWS. Besides, it can provide air gap production of the data, further provides support for Amazon Glacier and others. This enhancement was made to make operations such as backup and recovery more convenient to users, even the operators can make the required operations in the hybrid multi-cloud environment.

The companies which are contributing to the growth of the US data backup and recovery market include Amazon 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 February 2019, TomTom and Microsoft Corp. expanded their partnership to bring maps and traffic data of TomTom into a multitude of mapping scenarios across Microsoft’s cloud services.

Research Methodology

The market study of the US 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. In the report, the analysis of the country 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. US Data Backup and Recovery Market Research and Analysis by Deployment Type
2. US Data Backup and Recovery Market Research and Analysis by Application

The Report Covers

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