Global Virtual Machine Backup and Recovery Market Overview:
VM backup or Virtual Machine Backup and Recovery presents services intended to secure, back up, and restore virtualized settings that are fundamental to present-day IT infrastructures. The increasing use of virtualization technologies in data centers and cloud environments has increased the need for effective virtual machine (VM) and recovery solutions. At the same time, the rise of cyber security threats, such as ransomware and data breaches, has increased the demand for advanced backup solutions to ensure data protection and business continuity. Further, more businesses are increasingly turning to cloud-based backup and disaster recovery as a service (DRaaS) solutions for greater scalability, flexibility and cost-effectiveness which is expected to fuel growth. Shift towards the backup solutions that support multi-cloud environments, enabling seamless data protection across different cloud platforms is likely to create noteworthy opportunities for global market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancements in Backup Technologies, Integration of Automation and Artificial Intelligence (AI) Into Backup Solutions
Market Growth Drivers:
Widespread Adoption of Virtualization Technologies and Shift to Cloud Computing and Exponential Growth of Data Generated By Businesses
Challenges:
Low Recovery Time Objectives to Minimize Downtime During Disasters
Restraints:
Complex Integration and Meeting Stringent Regulatory & Compliance Requirements
Opportunities:
Development of Cost-Effective Backup and Recovery Solutions That Tailor Needs Of Small Enterprises
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Microsoft (United States), Veritas Technologies (United States), Cohesity, Inc. (United States), Rubrik (United States), Commvault Systems, Inc. (United States), Dell Technologies (United States), Acronis (Switzerland), IBM (United States), Zerto (United States), Barracuda Networks (United States) and Hornetsecurity (Germany). Analyst at AMA Research see United States Players to retain maximum share of Global Virtual Machine Backup and Recovery market by 2030. Considering Market by Organization Size, the sub-segment i.e. Small & Medium Enterprises will boost the Virtual Machine Backup and Recovery market. Considering Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Virtual Machine Backup and Recovery market. Considering Market by Backup Frequency, the sub-segment i.e. Real-Time Backup will boost the Virtual Machine Backup and Recovery market. Considering Market by Deployment, the sub-segment i.e. Cloud will boost the Virtual Machine Backup and Recovery market.
What Can be Explored with the Virtual Machine Backup and Recovery Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Virtual Machine Backup and Recovery Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Virtual Machine Backup and Recovery
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Virtual Machine Backup and Recovery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Virtual Machine Backup and Recovery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, IT ompanies, Software Developers, End Users, Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.