Data Backup and Recovery Market Research and Forecast, 2019-2025

Global Data Backup and Recovery Market Shows Growth Due to Rising Adoption of Cloud-Based Data Backup Solutions | Major Companies: Hewlett Packard Enterprise (HPE) Company, IBM Corp., Microsoft Corp., Oracle Corp., Amazon Web Services, Inc.
 
 
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Data Backup Recovery Market

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INDORE, India - June 6, 2019 - PRLog -- Orion Market Research (OMR) recently added an industrial report on the title "Global Data Backup and Recovery Market". According to OMR analysis, the market is driven by rising adoption of cloud-based data backup solutions. As there has been continuous data creation, the need for storage and backup has skyrocketed. According to the State of cloud and data protection 2018 report, 27% of respondents have over 100TB of data, which is double the percentage from 2016. Moreover, the percentage increase in the adoption of cloud-based backup solutions is further expected to increase significantly due to its low cost and other benefits.

In case of any manual or natural disaster, the data backup and recovery software and solutions play a vital role to defend, replicate, and maintain data. These solutions are available within different software forms and as Backup-as-a-Services (BaaS) model. The emerging need for consistent data backup and recovery solutions would help control the digital transformation and data protection.

Many companies are shifting their backup solutions to the cloud due to the high cost of physical storage which includes storing the physical media, transportation to offsite locations is fueling this shift. Though traditional backup solutions like on-premise don't provide the easy, affordable and flexible data solutions that cloud platforms like AWS and Microsoft Azure provide. Moreover, cloud backup solutions reduce the downtime on the occurrence of any loss and help locate the data easily. It also offers increased scalability, and also gives options to choose storage limits as per convenience. Furthermore, cloud solutions provide an option such as a pay-as-you-use model to help the organization to be cost-effective.

The market is segmented on the basis of deployment and application. Based on deployment, the market is classified into on-premise and cloud-based. Based on application, the market is classified as media storage, email storage, application storage.

Small and medium-sized enterprises prefer cloud-based deployment as they are cost effective and easy to deploy. Furthermore, the increased adoption of cloud-based backup services has led to an increase in market growth. Cloud-based backup services have creased due to benefits of backing up to the cloud which includes minimal IT resources requirements, usage-based pricing and no infrastructure requirement for a backup.

Geographically, North America has the largest share in data backup and recovery market due to increasing adoption of the cloud solutions to handle the massive amount of data generated. The government initiatives and policies are also promoting the growth of the market in this region. The Asia-Pacific region is expected to experience significant growth as it witnesses advanced and dynamic adoption of new technologies. Furthermore, an increasing adoption of number of cloud services and smart devices is driving the market.

Region Covered

·  North America (the US and Canada)
·  Europe (UK, Germany, France, Spain, and Italy)
·  Asia-Pacific (China, India, South Korea, and Japan)
·  Rest of the Word (the Middle East & Africa and Latin America)

A full report of global data backup and recovery market is available at https://www.omrglobal.com/industry-reports/data-backup-an...

For related reports please visit https://www.omrglobal.com/reports-category/cloud-and-big-...

About Orion Market Research


Orion Market Research (OMR) is an Indian market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Our research majorly covers various domains such as healthcare, energy, IT, chemicals, and automobiles. We provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations, and detailed company profiles.

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