Data Backup & Recovery Market Scope
Data backing up, an essential task and making protection of data more important than ever, plays a vital role in serving backup technology. Data backup platform companies offer cost-effective and scalable service & solutions to help organisations balance their requirements for backup and archiving. Data is pouring into the enterprise at an ever-increasing pace and increasing demands modern backup and recovery capabilities offer a lucrative opportunity in the growth of the data backup platform market.
According to AMA, the Global Data Backup & Recovery market is expected to see growth rate of 10.5% and may see market size of USD13.82 Billion by 2026.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Data Backup & Recovery market throughout the predicted period.
Oracle (United States), IBM (United States), Dell (United States), Acronis (United States), CA Technologies (United States), HPE (United States), Microsoft (United States), Commvault (United States), NavLink (United States), Veeam Software (Switzerland) and Veritas Technologies (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Data Backup & Recovery market , by Application (Email Backup, Application Backup, Media Storage Backup and Others) and Region with country level break-up.
On the basis of geography, the market of Data Backup & Recovery 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).
Market Leaders and their expansionary development strategies
In March 2019, Veritas acquires APTARE to enhance the analytics, reporting and protection of enterprise data. It supports hybrid cloud storage and backup systems, as well as technologies such as OpenStack, software-defined storage and flash infrastructures.
In June 2018, Veeam Software, the leader in Intelligent Data Management for the Hyper-Available Enterprise, announced it is expanding its footprint in Central Europe by opening a new research and development center in Prague, Czech Republic where engineers will work on innovative data management, automation, and Hyper-Availability technology. and In May 2018, Veritas Extends Partnership with Google Cloud, Offering New Veritas Data Protection and Governance Solutions for G Suite Platform Customers to visualize, archive and recover their data.
Market Trend
- Increasing Adoption of Cloud Data Backup
Market Drivers
- Growth of Enormous Amount of Data
- Rising Need for Data Security and Privacy Concerns
- Operational Excellence and Data Quality Management
Opportunities
- Deployment of Data Maturity Model
- Blockchain Solutions for the Future of Data Backup
Restraints
- Strict Competition From Open-Source Alternatives
Challenges
- Management of Unstructured Data
- Presence of Data Silos
Key Target Audience
Data Backup and Recovery Solution Providers, System Integrator, Consultancy Firms and Advisory Firms, Training and education service Providers, Telecom and Communication Service Providers, Managed Service Providers, Data Security Providers, Data Quality Providers and Governments