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.
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-
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.
· 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)
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