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Data Backup Market Size, Trends & Analysis – Forecasts To 2025

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Title: Data Backup Market Size, Trends & Analysis – Forecasts To 2025


1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Data Backup Market
Data Backup Market Insights The global data
backup market is anticipated to grow at an
exponential rate over the forecast period. The
data backup solution is widely accepted by a
large number of end users as it provides
automated, reliable, cost-effective, secure, and
scalable solutions to enterprises and also
ensures business continuity in the event of any
mishap. Data backup system is the process of
backing up of data in case of a loss. Internet of
Things installations will generate huge volume
of data. The companies decide which types of
IoT-related data should be backed up in the
cloud for safekeeping, according to their
requirements. The advanced backup system with
analytics application prioritizes data backups
and ensures the right data is readily available
whenever required. The demand for data backup
system is likely to increase significantly over
the forecast period, due to the growing number
of cyber threats and vulnerabilities across the
globe.
2
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Data Backup Market By Type
Insights The global data backup market is
segmented into Disks/tape backup, Hybrid cloud
backup, Direct-to- cloud backup, based on data
backup methods. Direct-to-cloud backup segment is
anticipated to witness a lucrative CAGR over the
forecast period as it is highly efficient. In
this system, the users directly send data to the
cloud, bypassing the need for a local device.
The data is backed up in a remote data center,
without any local copy. Hybrid cloud backup
solution is likely to grow at a moderate rate
over the coming years. In this system, the data
is backed up in both local devices as well as in
a secure offsite data centre. Tape/Disk backup
segment is projected to grow at a steady rate
over the years. Tape backup entails copying data
from a hard drive to a tape cartridge for
storage, backup and recovery purposes in case of
a computer crash or other failure. Disk backup
includes copying data and other information into
a hard drive for an easy access later on. Data
Backup Market Deployment Model Insights The
global data backup market is classified into
Public, Private and Hybrid, based on deployment
model. The cloud backup and recovery software
plays a vital role in intelligent business
continuity strategy. The public cloud segment is
likely to register a significant CAGR over the
forecast period owing to its better utilization
rate and greater economies of scale. The hybrid
cloud segment is also anticipated to grow at a
substantial rate as it alleviates data security
concerns related to cloud computing. The other
benefits associated with hybrid cloud solution
include security, storage, savings, and
virtualization. Moreover, many small and midsize
enterprises are developing their own private
cloud infrastructure to meet their internal
computing and storage and backup requirements.
3
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Data Backup Market Organization
Size Insights The global data backup market is
segmented into Small Medium-Sized Enterprises
and Large Enterprises. The increase in the
adoption rate of cloud-based solutions among
Small and Medium- sized Enterprises (SMEs) is
anticipated to boost the global data backup
market over the coming years. Data Backup
Market Applications Insights The global data
backup market is classified into BFSI, Consumer
Goods Retail, Government Public Sector,
Healthcare Life Sciences, Manufacturing, Media
Entertainment, and Telecommunication, based on
applications. Manufacturing sector accounted for
a dominant market share in 2016 and is further
anticipated to register significant CAGR over
the forecast period. Factors such as rising
demand for secure efficient data access
coupled with storage solution and low cost is
anticipated to boost the growth of this segment
over the coming years.
4
  • GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • Data Backup Market Regional Insights
  • North America accounted for a significant market
    share in 2016. The market in Asia Pacific is
    expected to witness highest CAGR over the
    forecast period. The regional growth is primarily
    attributed to the development of their IT
    infrastructure and manufacturing sector. The
    industries, particularly from China and India
    are gradually exploring new technologies and
    capabilities to make full use of their existing
    systems and data. However, the growing number of
    many SMEs and large organizations in this region
    is projected to contribute to the growth of the
    market over the forecast period.
  • Data Backup Market End-Use Landscape
  • The end-use landscape includes a list of current
    and prospective consumers prevailing across the
    regions. This section provides company addresses,
    contact details, products, and regional presence
    of companies who are purchasing or are likely to
    purchase products from the data backup market.
    The major consumers of the product are ATT Inc.
    and ICBC among others.
  • Data Backup Market Competitor Analysis
  • Some of the leading vendors profiled in the
    global data backup market include Microsoft,
    Datto, Inc., Veritas Technologies, Dell EMC,
    IBM, Veeam, Commvault, and HPE, Arcserve among
    others.
  • The report segments the Data Backup Market on the
    basis of By Type
  • Disks/Tape backup
  • Hybrid cloud backup
  • Direct-to-cloud backup
  • By Deployment Model

5
  • GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • By Organization size
  • Small and Medium-Sized Enterprises
  • Large Enterprises
  • By Application
  • BFSI
  • Consumer Goods Retail
  • Government Public Sector
  • Healthcare Life Sciences
  • Manufacturing
  • Media Entertainment
  • Telecommunication
  • By Region
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