Data Backup And Recovery Market Trends, Size, Competitive Analysis and Forecast 2019-2025


Posted October 6, 2020 by mansi3210

Data Backup and Recovery Market by Deployment Type , by Application – Global Trends, Size, Share, Growth, Industry Analysis and Forecast, 2019-2025
 
Global data backup and recovery market are growing at a significant CAGR of 10.5% during the forecast period. Data backup and recovery software play an essential position to replicate, defend and maintain in theprocess of creating copies and storing data that can be used to protect against data loss.The major factors encouraging the market growth include the significant rise of big data and increasing adoption of cloud-based services owing to its flexibility and cost-effectiveness has a significant contribution to the market.The purpose of data backup and recovery softwareis to create a copy of the information that can be recovered in the event of a primary failure.

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Data failure can be a result of data corruption, software, and hardware such as accidental deletion of data or malicious attack. Thus, data backup and recovery enable to be restored data in time from an unplanned event. There are two approaches used to backup and recovers data such as array-based and streaming backup. Streaming backup is the traditional approach that reads the data from the application server through a secondary storage system.Whereas, an array-based backup is an approach to data backup in which compatible storage arrays use built-in software to automatically copy data from one storage array to another.

The global data backup and recovery market comprise many market players that are significantly operating across the globe. Key players operating in the global data backup and recovery market include Amazon Services, Inc., IBM Corp., Oracle Corp., Hewlett Packard Enterprise Co., and Microsoft Corp. These five players are estimated to generate significant revenue of data backup and recovery market in 2018. This share is further expected to increase in the near future if the companies continue to cope with internal and external factors affecting their growth in a particular segment. Moreover, the players operating in the market are eying on strengthening their market position to afloat and sustain profitability in the market. These market players adopt various strategies to survive and strengthen their base in such a competitive environment.

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Several market players are using crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations to increase their market share and gain competitive advantage. For instance, in January 2019, Amazon Services, Inc. introduced AWS Backup which is integrated with Amazon EBS, Amazon DynamoDB, Amazon EFS, Amazon RDS, and AWS Storage Gateway that provides a fully managed AWS backup solution. AWS Backup centralizes and automates the backup and recovery of data across AWS services in the cloud and on-premises.

GlobalData Backup and Recovery Market – Segmentation

By Deployment Type
• On-premises
• Cloud-Based
By Application

• Media Storage
• Email Storage
• Application Storage
GlobalData Backup and Recovery Market – Segment by Region
North America
• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

• CompanyProfiles
AcronisInternationalGmbH
ActifioInc.
AmazonWebServices, Inc.
AsigraInc.
BarracudaNetworks, Inc.
BroadcomInc.
Carbonite, Inc.
CommvaultSystemsInc.
DellInc.
FalconStorSoftwareInc.
HewlettPackardEnterpriseCo.
IBMCorp.
MicrosoftCorp.
NetAppInc.
OracleCorp.
R3DataRecoveryLtd.
SeagateTechnologyLLC
StellarInformationTechnologyPvt. Ltd.
Unitrends
Veritas Technologies, LLC

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Categories Business , Computers , Technology
Tags Cloud and Big data , market research , Market Analysis , Market Forecast
Last Updated October 6, 2020