Data Backup and Recovery Market by Software, Application, Service, Deployment Type, Organization Size, Vertical, and Region – Global Forecast to 2022 – Research and Markets
The global data backup and recovery market size is expected to grow from USD 7.13 billion in 2017 to USD 11.59 billion by 2022, at a CAGR of 10.2% during the forecast period.
Data backup and recovery software and solutions play a vital role to protect, replicate, and retain data in case of any manual or natural disaster. Increasing adoption of cloud data backup solutions and the enormous growth of data are driving the adoption of reliable data backup and recovery software and services among enterprises.
Regular data backups are vital insurance against a data-loss catastrophe. 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 Service (BaaS) to their commercial customers in the global market.
North America is expected to hold the largest market share in the data backup and recovery market during the forecast period. The government initiatives and regulatory policies, such as Payment Card Industry Data Security Standard (PCI DSS) and Sarbanes-Oxley (SOX) to promote the adoption of data backup and recovery software and associated services in the region. Furthermore, North America is witnessing the increasing adoption of cloud with IoT to handle the massive amount of data generated from smart devices. These developments are boosting the adoption of data backup and recovery solutions in the North American region.
The APAC region is expected to witness significant growth and is projected to be the fastest-growing region in the global data backup and recovery market. APAC has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market. Various enterprises in APAC, across industry verticals, need to manage the heterogeneity in enterprise data and to protect the same. Moreover, the growing number of cloud services and smart devices is driving the need for reliable backup and disaster recovery software beyond traditional boundaries, these marketplaces are expected to witness significant adoption of data backup and recovery services during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Data Backup And Recovery Market, By Component
7 Market By Software
8 Market By Service
9 Market By Application
10 Data Backup And Recovery Market, By Organization Size
11 Market By Deployment Type
12 Market By Vertical
13 Data Backup And Recovery Market, By Region
14 Competitive Landscape
15 Company Profiles
- CA Technologies
- Veritas Technologies
For more information about this report visit https://www.researchandmarkets.com/research/c7tv28/data_backup_and?w=4