About Data Backup Platform
Data Backup is the copied data which is stored and can be used to restore the original data in case of data loss. It helps to protect the data in natural disasters and failure of local devices. There are different options available for the storage such as cloud storage and removable storage media. Before storing into this devices the data is selected, and extracted. The process includes compression, encryption and de-duplication. These solutions are offered in software form which is called Backup as a service (BaaS).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
he companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Data Backup Platform 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.
IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Hewlett Packard Enterprise (HPE) Company (United States), CA Technologies, Inc. (United States), Dell Technologies Inc. (United States), Veritas Technologies (United States), Veeam (Switzerland), Acronis (Switzerland) and StorageCraft (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 Netapp (United States), Code42 (United States), Commvault (United States), Unitrends (United States), Datto (United States), Genie9 Corporation (United States) and NTI Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Data Backup Platform market by Type (Cloud-based and On-premises), Application (Personal and Enterprise) and Region.
On the basis of geography, the market of Data Backup Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Organization size, the sub-segment i.e. Small and Medium-Sized Enterprises will boost the Data Backup Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Data backup, the sub-segment i.e. Hybrid Cloud Backup will boost the Data Backup Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Hybrid Cloud Storage and Evolving IT Sector in Developing Countries
Market Growth Drivers:
Data Generation in Huge Quantity Leading to the Adoption of Data Management and Increasing Adoption of Saas is creating a Demand for Cloud Backup
Challenges:
High Competition from Open Source Platforms and Rising Data Security and Privacy Concerns
Restraints:
Time Consuming Process of Recovery can Hamper the Market and High Costs Associated with the Services and Storage Devices
Opportunities:
Increasing Adoption by Small and Medium Enterprises
Market Leaders and their expansionary development strategies
In 2019, Carbonite, Inc., a leading cloud-based data protection provider, has closed its acquisition of Webroot Inc.
February 2023, Veeam the leader in Modern Data Protection,has launched the NEW Veeam Data Platform, a single platform delivering more advanced data security, recovery and hybrid cloud capabilities than ever before.
Key Target Audience
Distributors and Traders, Research Organisations, Government Agencies and Organisations
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.