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Market Snapshot

CAGR:7.79

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.79

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Report Overview

The Data Backup and Recovery Market is projected to expand at a Compound Annual Growth Rate (CAGR) of 6.78% between 2022 and 2032. The market size is anticipated to witness substantial growth, increasing by USD 23,567.85 million. This growth trajectory is driven by factors such as the escalating volume of digital data, the rise in cyber threats and data breaches, and the growing adoption of cloud-based solutions. Data backup and recovery solutions play a pivotal role in safeguarding critical business information, ensuring business continuity, and minimizing the impact of data loss incidents.

Data Backup and Recovery Market Overview

Drivers:

A key driver propelling the growth of the data backup and recovery market is the increasing importance of data protection and disaster recovery planning. Organizations across industries recognize the critical role that data plays in their operations and decision-making processes. As digital data continues to grow exponentially, the need for robust backup and recovery solutions becomes paramount. These solutions ensure that businesses can swiftly recover from data loss incidents, whether caused by hardware failures, cyberattacks, or natural disasters.

Furthermore, the rise in cyber threats, including ransomware attacks and data breaches, highlights the necessity of data backup and recovery strategies. Organizations are investing in comprehensive solutions that provide not only data backup but also rapid recovery options to mitigate the impact of cyber incidents.

Trends:

The integration of cloud-based solutions into the data backup and recovery landscape is a significant trend driving market growth. Cloud-based backup and recovery solutions offer several advantages, including scalability, flexibility, and remote accessibility. Organizations can securely store their data offsite, reducing the risk of on-premises data loss due to unforeseen events.

Additionally, the adoption of artificial intelligence (AI) and machine learning (ML) technologies in data backup and recovery solutions is gaining traction. These technologies enhance the efficiency and accuracy of backup processes, optimize data recovery times, and enable predictive analysis to identify potential data loss risks.

Restraints:

Data privacy and compliance concerns pose challenges to the data backup and recovery market. Storing sensitive and regulated data in backup repositories raises questions about data security, encryption, and regulatory compliance. Organizations must navigate these concerns to ensure that data backup processes adhere to legal requirements and industry standards.

Complexity in managing hybrid environments, where data is spread across on-premises infrastructure and multiple cloud platforms, can also hinder seamless backup and recovery operations. Ensuring consistent data protection and recovery across diverse environments requires careful planning and implementation.

Data Backup and Recovery Market Segmentation By Application:

Enterprises are expected to drive significant growth within the data backup and recovery market during the forecast period. Large enterprises handle vast amounts of data critical to their operations, making data backup and recovery solutions a top priority. The ability to quickly recover from data loss incidents is essential for maintaining business continuity and minimizing disruptions.

Small and medium-sized businesses (SMBs) represent another important application segment. While SMBs may have fewer resources than large enterprises, they still require effective data protection and recovery solutions. Cloud-based backup options offer SMBs cost-effective and scalable solutions to safeguard their data and ensure business resilience.

Data Backup and Recovery Market Segmentation By Type:

The cloud-based segment is poised for substantial growth within the data backup and recovery market. Cloud-based solutions provide organizations with the flexibility to store data offsite, reducing the risk of data loss due to local hardware failures or disasters. Additionally, cloud-based solutions offer ease of scalability and remote accessibility, making them an attractive option for businesses of all sizes.

On-premises backup solutions remain relevant, especially for organizations with specific data sovereignty, security, or compliance requirements. These solutions offer greater control over data management and storage but may require higher upfront investments in hardware and infrastructure.

Regional Overview:

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North America is anticipated to dominate the global data backup and recovery market due to the region's advanced technology infrastructure, high adoption of digital solutions, and stringent data protection regulations. The prevalence of cyber threats and data breaches further drives the demand for robust backup and recovery solutions.

In Europe, the General Data Protection Regulation (GDPR) and other data privacy regulations push organizations to prioritize data protection and recovery strategies. These regulations create a favorable environment for the adoption of data backup and recovery solutions.

The Asia-Pacific region is emerging as a significant market for data backup and recovery due to rapid digitalization, increasing internet penetration, and the growing adoption of cloud-based services. Organizations in this region are recognizing the importance of data protection to ensure business continuity and customer trust.

Data Backup and Recovery Market Customer Landscape:

The customer landscape of the data backup and recovery market encompasses a diverse range of industries and sectors. From enterprises and SMBs to government agencies and non-profit organizations, virtually all sectors require robust data protection and recovery strategies to mitigate the risks of data loss incidents.

Data Backup and Recovery Market Major Companies:

Companies in the data backup and recovery market employ various strategies such as technological innovations, partnerships, mergers and acquisitions, and product/service expansions to enhance their market presence.

Prominent players in the data backup and recovery market include:

Commvault Systems Inc.
IBM Corporation
Microsoft Corporation
Dell Technologies Inc.
Veeam Software AG
Hewlett Packard Enterprise Development LP
Symantec Corporation
Carbonite (OpenText Corporation)
Acronis International GmbH
Cohesity Inc.
Veritas Technologies LLC
Unitrends (Kaseya Limited)
Nutanix Inc.
Zerto Ltd.
Asigra Inc.

These companies leverage their expertise in data protection, recovery technologies, and cybersecurity to provide comprehensive solutions that address the evolving data challenges of businesses worldwide.

Segment Overview:

The data backup and recovery market report forecasts growth trajectories by revenue at global, regional, and country levels. It provides a comprehensive analysis of trends, challenges, and opportunities from 2023 to 2032.

Application Outlook (USD Million, 2023 - 2032)
Enterprises
Small and Medium-sized Businesses (SMBs)
Government
Others

Type Outlook (USD Million, 2023 - 2032)
On-Premises
Cloud-based

Regional Outlook (Revenue, USD Billion; 2022-2032)

North America

S.
Canada
Mexico

Europe

Germany
K.
France
Italy
Spain
Sweden
BENELUX
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of APAC

Latin America

Brazil
Rest of LATAM

Middle East & Africa

Saudi Arabia
UAE
South Africa
Israel
Rest of MEA

TABLE OF CONTENTS: GLOBAL DATA BACKUP AND RECOVERY MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. DATA BACKUP AND RECOVERY MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Data Backup and Recovery Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. DATA BACKUP AND RECOVERY MARKET BY Organization Size INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Small and Medium-Sized Enterprises

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Large Enterprises

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. DATA BACKUP AND RECOVERY MARKET BY Deployment Type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Cloud

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. On-premises

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. DATA BACKUP AND RECOVERY MARKET REGIONAL OUTLOOK

7.1. Data Backup and Recovery Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Data Backup and Recovery Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Data Backup and Recovery Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Data Backup and Recovery Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Data Backup and Recovery Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Data Backup and Recovery Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Oracle Corporation

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. Dell

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. IBM

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. CA Technologies

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Acronis

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Microsoft

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. HPE

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Commvault

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Data Backup And Recovery Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032