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

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Data Backup Storage
Market. Market Insights The global data backup
storage market is anticipated to grow at an
exponential rate over the forecast period. The
data backup storage 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 and recovery 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
storage system is likely to increase
significantly over the forecast period, due to
the growing number of cyber threats and
vulnerabilities across the globe.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Data Backup Insights The global
data backup storage 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. Deployment Model Insights The global data
backup storage market is classified into Public,
Private and Hybrid, based on deployment
model. The cloud backup storage 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. Organization Size Insights The
global data backup storage 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 storage market over
the coming years.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Applications Insights The global
data backup storage market is classified into
BFSI, Consumer Goods Retail, Government
Public Sector, Healthcare Life Sciences,
Manufacturing, Media Entertainment, and
Telecommunication, based on applications. Manufac
turing 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.
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. 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 storage market. The major
consumers of the product are ATT Inc. and ICBC
among others.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Competitor Analysis
• Some of the leading vendors profiled in the
  global data backup storage market include
  Microsoft, Datto, Inc., Veritas Technologies,
  Dell EMC, IBM, Veeam, Commvault, and HPE,
  Arcserve among others.
• The report segments the Data Backup Storage
  Market on the basis of By Data Backup
• Disks/tape backup
• Hybrid cloud backup
• Direct-to-cloud backup
• By Deployment Model
• Public,
• Private,
• Hybrid
• By Organization Size
• Small and Medium-Sized Enterprises,

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• By Region
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa
• This article contains text from the Data Backup
  Storage Market Size, Trends Analysis
  Forecasts To 2025 report prepared by Global
  Market Estimates. For more information or to buy
  the report, please visit https//www.globalmarket
  estimates.com/global-data-backup-
  storage-market/
• Check our annual research partenership service
  at https//www.globalmarketestimates.com/annual-
  research-partnership-services/