Global data backup and recovery market are growing at a significant CAGR of 10.5% during the forecast period. Data backup and recovery software play an essential position to replicate, defend and maintain in theprocess of creating copies and storing data that can be used to protect against data loss.The major factors encouraging the market growth include the significant rise of big data and increasing adoption of cloud-based services owing to its flexibility and cost-effectiveness has a significant contribution to the market.The purpose of data backup and recovery softwareis to create a copy of the information that can be recovered in the event of a primary failure.
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(On-Premises and Cloud-Based), by Application (Media Storage, eMail Storage and
Application Storage) – Global Trends, Size, Share, Growth, Industry Analysis
and Forecast, 2019-2025 at
Data failure can be a result of data corruption, software, and hardware such as accidental deletion of data or malicious attack. Thus, data backup and recovery enable to be restored data in time from an unplanned event. There are two approaches used to backup and recovers data such as array-based and streaming backup. Streaming backup is the traditional approach that reads the data from the application server through a secondary storage system.Whereas, an array-based backup is an approach to data backup in which compatible storage arrays use built-in software to automatically copy data from one storage array to another.
The global data backup and recovery market comprise many market players that are significantly operating across the globe. Key players operating in the global data backup and recovery market include Amazon Services, Inc., IBM Corp., Oracle Corp., Hewlett Packard Enterprise Co., and Microsoft Corp. These five players are estimated to generate significant revenue of data backup and recovery market in 2018. This share is further expected to increase in the near future if the companies continue to cope with internal and external factors affecting their growth in a particular segment. Moreover, the players operating in the market are eying on strengthening their market position to afloat and sustain profitability in the market. These market players adopt various strategies to survive and strengthen their base in such a competitive environment.
Several market players are using crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations to increase their market share and gain competitive advantage. For instance, in January 2019, Amazon Services, Inc. introduced AWS Backup which is integrated with Amazon EBS, Amazon DynamoDB, Amazon EFS, Amazon RDS, and AWS Storage Gateway that provides a fully managed AWS backup solution. AWS Backup centralizes and automates the backup and recovery of data across AWS services in the cloud and on-premises.
GlobalData Backup and Recovery Market – Segmentation
By Deployment Type
By Application
GlobalData Backup and Recovery Market – Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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