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Data Backup And Recovery Market Trends, Top Companies, Share, Growth And Forecast 2032
Data Backup And Recovery Market
Data Backup And Recovery Market Size, Growth Rate, And Forecast
The global data backup and recovery market size grew from $12.18 billion in 2022 to $14.15 billion in 2023 at a compound annual growth rate (CAGR) of 16.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data backup and recovery market size is expected to grow to $23.64 billion in 2027 at a CAGR of 13.7%.
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Data Backup And Recovery Market Drivers
An increase in the adoption of cloud data backup is expected to propel the growth of the data backup and recovery market. Cloud backup is storing a copy of a physical or virtual file, database, or other data in a secondary, off-site location in case of equipment failure or other emergencies. Cloud-based data backup helps store data in the cloud, which is accessible anywhere and anytime. This helps make the data safe and easily recoverable.
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Data Backup And Recovery Market Segments
• By Backup Type: Service Backup, Media Storage Backup, Email Backup
• By Component: Software, Services
• By Deployment Type: Cloud, On-Premises
• By Industry Vertical: IT and Telecommunications, Retail, Banking, Financial Services, and Insurance, Government and Public Sector, Healthcare, Media and Entertainment, Manufacturing, Education, and Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the data backup and recovery market.
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Data Backup And Recovery Market Key Players
Major competitors in the data backup and recovery market include International Business Machines Corporation (IBM), Oracle Corporation, Dell Inc., Commvault Systems, Inc., NetApp Inc., Microsoft Corporation, Veritas Technologies LLC, Acronis International GmbH, Unitrends Corporation.
The Business Research Company's "Global Data Backup And Recovery Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Data Backup And Recovery Market Include:
1. Executive Summary
2. Data Backup And Recovery Market Characteristics
3. Data Backup And Recovery Market Trends And Strategies
4. Data Backup And Recovery Market - Macro Economic Scenario
5. Data Backup And Recovery Market Size And Growth
……
26. Africa Data Backup And Recovery Market
27. Data Backup And Recovery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Backup And Recovery Market
29. Data Backup And Recovery Market Future Outlook and Potential Analysis
30. Appendix
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