Over the past few year, factors such as Increasing Use of IoT Application have contributed to the development of the Global Backup-as-a-service market.

Undoubtedly, Exponential Growth in Volume of Data is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Backup-as-a-service market is expected to make a significant contribution growing at a CAGR of 26.6%.

AMA research has engaged in the competitive assessment of China & Global Backup-as-a-service Players for 5 years. “The Top 10 Competitive Players in the Backup-as-a-service in 2023” clearly displays the competitive situations of main Backup-as-a-service Playersin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.

The Deployment Type, such as On-premise, 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.

With the multiple advantages of technology, cost and service, many major Players such as Commvault [United States], Dell EMC [United States], IBM [United States], Symantec Corporation [United States], Amazon Web Services, Inc [United States], Acronis International Gmbh [Switzerland], Asigra Inc [Canada], Cisco Systems, Inc [United States], Fujitsu Ltd. [Japan] and Google [United States] developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Backup-as-a-service industry. It is understood that currently domestic Backup-as-a-service players has been massively used by players in North America.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Players wants to expand into other areas of the market value chain fundamentally determines its strategy.

GDPR (General Data Protection Regulation) which went into effect in May 2018 mandates personal data of Europeans citizens must be protected and non-compliance can result in fines up to USD 2.27 million or 4% of annual turnover, whichever is higher.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Backup-as-a-service market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

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.