Market Overview:
The global data backup and recovery market is expected to grow from USD 9.02 billion in 2018 to USD 17.01 billion by 2030, at a CAGR of 8.5% from 2018 to 2030. The growth of the data backup and recovery market can be attributed to the increasing adoption of cloud-based services, growing concerns over data security and privacy, and rising demand for big data analytics solutions. However, the high cost of deploying data backup and recovery solutions may restrain the growth of this market during the forecast period. Based on type, the global data backup and recovery market is segmented into data replication,data reduction,and dataretention segments. The dataretention segment is expected to grow at a higher CAGR than other segments during the forecast period owingto its ability torecover deleted or lost files without having an exact replicaofthe original dataset available .
Product Definition:
A data backup and recovery plan is a document that describes how you will back up your computer data and what you will do if you lose that data. A good backup plan includes both online and offline backups of your important files.
Data Replication:
Data replication is the process of copying data from one location to another in order to protect it from loss or damage. The term “replication” has been used in different ways over the years, but today it generally refers to mirroring data across two or more sites so that if anything happens to the primary site's copy is still available.
Data Reduction:
Data reduction is the process of converting a large amount of data into a smaller set of information or data that can be easily and quickly backed up, stored, and transmitted. The main objective behind this technique is to make the data easier to store/backup & transport so that it occupies less space in the storage media. Data reduction also helps in reducing power consumption as most operations performed by an algorithm are carried out locally on the device where the Reduction operation is performed.
Application Insights:
The global data backup and recovery application market is segmented into banking, financial services and insurance, telecom, IT and ITes, government and defense, energy and power. The banking sector was the largest revenue contributor in 2016 owing to the criticality of operations that require regular backups for disaster recovery as well as business continuity purposes.
The telecommunication segment is expected to grow at a lucrative rate over the forecast period due to increasing cloud-based applications usage coupled with a growing need for data retention policies. The growth of this industry can be attributed to its ability to create value out of thin air: when information is written down it becomes physical reality; when it becomes physical reality then it has value which can be measured; therefore information technology creates value based on nothing but imagination (theoretically).
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major IT companies, which offer reliable data backup and recovery solutions. Moreover, increasing investments by these companies for developing advanced technologies are also expected to drive the regional market over the forecast period. For instance, in May 2018, Acronis International GmbH & Co., announced its collaboration with Microsoft Corporation to develop a new generation of data protection solution for Windows Server 2016 and Exchange Server 2016/2013 servers.
Asia Pacific is anticipated to emerge as one of the fastest-growing regions during the forecast period owing to growing adoption by small & medium enterprises (SMEs).
Growth Factors:
- Increasing demand for data backup and recovery solutions due to the increasing volume of data being generated.
- The need for businesses to comply with regulatory requirements, which leads to the adoption of data backup and recovery solutions.
- The growing trend of cloud-based deployments, which is leading organizations to adopt cloud-based backup and recovery solutions.
- The increasing use of mobile devices, which is resulting in a greater need for mobile device backups and recoveries.
- The growing popularity of big data analytics, which is resulting in an increased demand for big data backups and recoveries
Scope Of The Report
Report Attributes
Report Details
Report Title
Data Backup and Recovery Market Research Report
By Type
Data Replication, Data Reduction, Data Retention
By Application
Banking, Financial Services and Insurance, Telecom, IT and ITes, Government and Defense, Ecommerce, Healthcare, Energy and Power, Others
By Companies
IBM, Microsoft, Oracle, HPE, Broadcom, Dell, Veritas Technologies, Commvault, Acronis, Netapp, Veeam, Unitrends
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Data Backup and Recovery Market Report Segments:
The global Data Backup and Recovery market is segmented on the basis of:
Types
Data Replication, Data Reduction, Data Retention
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services and Insurance, Telecom, IT and ITes, Government and Defense, Ecommerce, Healthcare, Energy and Power, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Microsoft
- Oracle
- HPE
- Broadcom
- Dell
- Veritas Technologies
- Commvault
- Acronis
- Netapp
- Veeam
- Unitrends
Highlights of The Data Backup and Recovery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Data Replication
- Data Reduction
- Data Retention
- By Application:
- Banking, Financial Services and Insurance
- Telecom, IT and ITes
- Government and Defense
- Ecommerce
- Healthcare
- Energy and Power
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Data Backup and Recovery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Data backup and recovery is the process of creating a copy of your data that you can use in case of a disaster. This could be something as simple as copying your files to an external hard drive, or it could involve using specialized software to create complete copies of your entire system.
Some of the major players in the data backup and recovery market are IBM, Microsoft, Oracle, HPE, Broadcom, Dell, Veritas Technologies, Commvault, Acronis, Netapp, Veeam, Unitrends.
The data backup and recovery market is expected to grow at a compound annual growth rate of 8.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Data Backup and Recovery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Data Backup and Recovery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Data Backup and Recovery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Data Backup and Recovery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Data Backup and Recovery Market Size & Forecast, 2018-2028
4.5.1 Data Backup and Recovery Market Size and Y-o-Y Growth
4.5.2 Data Backup and Recovery Market Absolute $ Opportunity
Chapter 5 Global Data Backup and Recovery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Data Backup and Recovery Market Size Forecast by Type
5.2.1 Data Replication
5.2.2 Data Reduction
5.2.3 Data Retention
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Data Backup and Recovery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Data Backup and Recovery Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services and Insurance
6.2.3 Telecom
6.2.4 IT and ITes
6.2.5 Government and Defense
6.2.6 Ecommerce
6.2.7 Healthcare
6.2.8 Energy and Power
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Data Backup and Recovery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Data Backup and Recovery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Data Backup and Recovery Analysis and Forecast
9.1 Introduction
9.2 North America Data Backup and Recovery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Data Backup and Recovery Market Size Forecast by Type
9.6.1 Data Replication
9.6.2 Data Reduction
9.6.3 Data Retention
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Data Backup and Recovery Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services and Insurance
9.10.3 Telecom
9.10.4 IT and ITes
9.10.5 Government and Defense
9.10.6 Ecommerce
9.10.7 Healthcare
9.10.8 Energy and Power
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Data Backup and Recovery Analysis and Forecast
10.1 Introduction
10.2 Europe Data Backup and Recovery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Data Backup and Recovery Market Size Forecast by Type
10.6.1 Data Replication
10.6.2 Data Reduction
10.6.3 Data Retention
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Data Backup and Recovery Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services and Insurance
10.10.3 Telecom
10.10.4 IT and ITes
10.10.5 Government and Defense
10.10.6 Ecommerce
10.10.7 Healthcare
10.10.8 Energy and Power
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Data Backup and Recovery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Data Backup and Recovery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Data Backup and Recovery Market Size Forecast by Type
11.6.1 Data Replication
11.6.2 Data Reduction
11.6.3 Data Retention
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Data Backup and Recovery Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services and Insurance
11.10.3 Telecom
11.10.4 IT and ITes
11.10.5 Government and Defense
11.10.6 Ecommerce
11.10.7 Healthcare
11.10.8 Energy and Power
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Data Backup and Recovery Analysis and Forecast
12.1 Introduction
12.2 Latin America Data Backup and Recovery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Data Backup and Recovery Market Size Forecast by Type
12.6.1 Data Replication
12.6.2 Data Reduction
12.6.3 Data Retention
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Data Backup and Recovery Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services and Insurance
12.10.3 Telecom
12.10.4 IT and ITes
12.10.5 Government and Defense
12.10.6 Ecommerce
12.10.7 Healthcare
12.10.8 Energy and Power
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Data Backup and Recovery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Data Backup and Recovery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Data Backup and Recovery Market Size Forecast by Type
13.6.1 Data Replication
13.6.2 Data Reduction
13.6.3 Data Retention
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Data Backup and Recovery Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services and Insurance
13.10.3 Telecom
13.10.4 IT and ITes
13.10.5 Government and Defense
13.10.6 Ecommerce
13.10.7 Healthcare
13.10.8 Energy and Power
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Data Backup and Recovery Market: Competitive Dashboard
14.2 Global Data Backup and Recovery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Microsoft
14.3.3 Oracle
14.3.4 HPE
14.3.5 Broadcom
14.3.6 Dell
14.3.7 Veritas Technologies
14.3.8 Commvault
14.3.9 Acronis
14.3.10 Netapp
14.3.11 Veeam
14.3.12 Unitrends
