Unlock What Growth Backup as a Service Market May See in Future; Participants Still Eyeing Growth in Market

Backup as a Service Market Latest Edition Published with Forecast to 2028
The article cited AMA's Global Backup as a Service Market Study explored substantial growth with CAGR of %. According the report, Growing Popularity of Hybrid Multicloud Approach by the Large Size Businesses Due to Competitive Pricing and Reduced Vulnerability of Single Cloud Approach is one of the primary growth factors for the market. Growing Demand for Backup as a Service Among the Businesses to Protect Data Against Ransomware Attacks, Disasters, or Other Problems is also expected to contribute significantly to the Backup as a Service market. Overall, applications of Backup as a Service, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Acronis (Switzerland), Barracuda Networks (United States), Carbonite, Inc. (United States), Mozy (Dell EMC) (United States), SOS Online Backup (United States), Vembu Technologies (United States), Clumio Inc. (United States), Commvault (United States), NetApp (United States) and CloudWave (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Organization Size, such as Small & Medium Enterprises, is boosting the Backup as a Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Industry Vertical, such as IT & Telecom, is boosting the Backup as a Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Cloud Type, such as Private, is boosting the Backup as a Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Backup as a Service market identified that the demand is rising in many different parts of the world as "Increased Demand for Backup as a Service from Small and Medium Enterprises Due to Concern About Data Loss and No Requirement of Upfront Infrastructure Cost or Any Skills". Furthermore, some recent industry insights like "In March 2022, CloudWave launched its new OpSus Vault Backup as a Service offering for Healthcare organizations. OpSus Vault is a secure enterprise cloud service that will protect healthcare organizations’ valuable data from ransomware and other malicious threats by offering offline and immutable storage locations." is constantly making the industry dynamic. One of the challenges that industry facing is "Some Types of Data backups are Takes Too Much Time to Restore As Well As Bigger Storage Space"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Backup as a Service market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Backup as a Service market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Backup as a Service market tight?
• Which application/end-user category or Product Type [Full backups, Incremental backups, Differential backups and Mirror backups] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Backup as a Service market and other related sub-markets covered in the study.

o Key & emerging players in the Backup as a Service market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Backup as a Service market size is calculated using market estimation process, the Backup as a Service market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Backup as a Service market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager