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Data Backup & Recovery Market Prospering 10.2% CAGR to Hit $11.59 Billion to 2022

Press Release   •   Jan 16, 2018 02:32 EST

Global data backup and recovery market size is expected to grow from USD 6.58 Billion in 2016 to USD 11.59 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. North America is expected to hold the largest market share and dominate the data backup and recovery market during the forecast period.

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Data backup and recovery market study measures and evaluates the major offerings and key strategies of the major market vendors, including Oracle (US), IBM (US), Dell (US), Acronis (US), CA Technologies (US), HPE (US), Microsoft (US), and Commvault (US). These companies offer data backup and recovery software and associated services to commercial clients across regions.

Key Target Audience

1.Data backup and recovery solution providers

2.System integrators

3.Consultancy firms and advisory firms

4.Training and education service providers

5.Telecom and communication service providers

6.Managed service providers

7.Data security providers

8.Data quality providers

9.Governments

The base year considered for this study is 2016, and the forecast period is 2017–2022. Organizations in this region are implementing data analytics and visualization solutions to analyze customer information, thereby dealing with a large amount of data.

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This enterprise data is estimated to grow at 40% every year. Organizations are facing system outages/data loss, and a full database recovery could cause serious operational delays. To shorten the time, it takes to restore data and systems; database backups should be performed on a regular basis. Considering this challenge, organizations in North America are adopting reliable data backup and recovery software thereby boosting the overall growth of market in the region.

Key Points from Table of Contents:

7 Market By Software
7.1 Introduction
7.2 Data Replication
7.3 Data Reduction
7.4 Data Retention

8 Market By Service
8.1 Introduction
8.2 Professional Services
8.3 Managed Services

9 Market By Application
9.1 Introduction
9.2 Email Backup
9.3 Application Backup
9.4 Media Storage Backup

The data backup process involves copying and archiving enterprise data so that it is accessible in case of data deletion or corruption. Vendors are majorly offering data backup and recovery solutions in the form of customized software and as a service popularly known as Backup-as-a-Services (BaaS) to their commercial customers in the global market. The recovery process involves replication of stored data on diversely located servers to ensure business continuity in the event of man-made or natural disasters.

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Disaster Recovery-as-a-Service (DRaaS) plays a vital role in this scenario which is instrumental to protect and recover enterprise data from natural or man-made catastrophe or disaster. It is very critical for enterprises and consumers to protect their data to ensure business continuity. The disaster recovery service provided through the cloud helps reduce operational and capital expenditures.