About Data Backup and Recovery Software
The demand for data backup and recovery software is increasing with each passing day. The businesses in this industry facing major competition on a global scale with leading players holding major market share. Many international as well as regional service providers are also participants in the industry and directly compete with leaders. It has been identified that market-leading players are investing heavily in growth strategies such ad technological development, resource utilization to enhance their market position. and These companies are heavily investing in research & development activities to develop novel products in terms to enhance their product offerings and customer base.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
This industry is going through accelerating changes as a result of compounding data growth and the introduction of new technologies. The market-leading player such as Commvault revealed that they are continuously pursuing an aggressive product development program in data management. Key players remain focused not only on traditional backups but also snap-based backups, virtualization, data movement, de-duplication, and others. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Data Backup and Recovery Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Veeam (Switzerland), Dell Technologies (United States), Cohesity (United States), IBM (United States), Oracle (United States), Microsoft (United States), Unitrends (United States), HP (United States), Micro Focus (United Kingdom) and NetApp (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Zerto (United States), Druva (United States) and Acronis (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Data Backup and Recovery Software market by , Application (Email Backup, Application Backup, Sites Backup and Others) and Region.
On the basis of geography, the market of Data Backup and Recovery Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Data Backup and Recovery Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium Size Organization will boost the Data Backup and Recovery Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Data Backup and Recovery Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development in Cloud-Based Services, Increase Investment in Cloud-Based Software Solutions and High Adoption of Small and Medium Size Organization
Market Growth Drivers:
The Rise in Concern towards Security Concern from Government and Growing demand from IT and Telecom Industry
Challenges:
Less Awareness
Restraints:
High Cost Associated with Cloud-Based Solutions and Increased Complexity
Opportunities:
Growing Demand from Asia Pacific Regions Because of High Adoption of Cloud Solutions and The rise in Deployment Model Such as Hybrid
Market Leaders and their expansionary development strategies
In December 2020, Google had acquired to Actifio is a leader in backup and disaster recovery. This acquisition further demonstrates Google Cloud’s commitment to helping enterprises protect workloads on-premises and in the cloud.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.