Global Data Backup and Recovery Strategic Business Report 2023: Soaring Adoption of Cloud Backup as a Service (BaaS) Drives Overall Growth
Global Market for Data Backup and Recovery
Dublin, May 09, 2023 (GLOBE NEWSWIRE) -- The "Data Backup and Recovery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Data Backup and Recovery estimated at US$9.4 Billion in the year 2022, is projected to reach a revised size of US$17 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030.
Data Replication, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$8.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Data Reduction segment is readjusted to a revised 6.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 11% CAGR
The Data Backup and Recovery market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 11% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Billion by the year 2030.
Select Competitors (Total 42 Featured) -
Acronis International GmbH
Commvault Systems, Inc.
Hewlett Packard Enterprise Development LP (HPE)
Veeam Software AG
Veritas Technologies LLC
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Data Backup and Recovery: An Introduction
Steady Growth Projected for Data Backup and Recovery Solutions Market
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Data Backup and Recovery - Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Soaring Adoption of Cloud Backup as a Service (BaaS) Drives Overall Growth in Data Backup and Recovery Market
BaaS Gains Traction in Public as well as Private Cloud Models
A Brief Review of Select Popular Cloud Backup Tools
On-Premise Tools Remain in Contention
Email Recovery: Major Application Segment
Education Sector Leads in Adoption of Data Backup and Recovery Tools
Banking and Financial Enterprises Queue Up for Data Backup and Recovery Tools
Large Corporate Enterprises Remain Core Consumers
MSPs Rely on Comprehensive Data Backup and Recovery to Gain Market Edge
Widespread Availability of Open Source Data Recovery Platforms: A Key Market Deterrent
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/632v4v
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