Data Backup and Recovery Market Trends, Industry & Size 2031
Data Backup and Recovery Market Trends, Industry & Size 2031
Segments - Data Backup and Recovery Market by Types (Email Backup, Application Backup, and Media Storage Backup), Components (Software, Solutions, Hardware, Services, and Others), Deployment Types (On-premise and Cloud), Enterprise Sizes (Small & Medium-sized Enterprises and Large Enterprises), Industry Verticals (Retail, IT & Telecommunications, Healthcare, Education, BFSI, Media & Entertainment, and Others), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
Upcoming
| Report ID :ICT-SE-4249
| 4.3 Rating
| 66 Reviews
| 166 Pages
| Format :
Report Description
The global data backup and recovery market size was valued at around USD 8.5 billion in 2021 and is anticipated to reach USD 15.2 billion by 2030, expanding at a CAGR of around 8.8% during the forecast period, 2022 – 2030. The growth of the market is attributed to the increasing adoption of data backup and recovery solutions by various industries across the globe.
Data backup and recovery refers to the process of creating and storing copies of data, which can be recovered on-demand to protect companies, organizations, and enterprises against data loss. The copies of data are usually stored in separate medium or system such as magnetic tape, optical storage, flash storage server, hard disk, solid-state drive, and others. These copies are stored in an alternate location far from the original data location to protect data against the possibility of loss of data due to software or hardware failure, data corruption, or accidental deletion.
Data backups are usually segregated into three categories such as full backups, incremental backups, and differential backups. Full backup protects all data from a database, server, virtual machine, or data source. Full backup can take longer time than other backup types. Incremental backup protects only new data since the last full incremental backup was performed. Differential backup protects new data since the last full backup was performed. Types of data recovery includes instant mass restore, granular recovery, volume recovery, bare machine recovery, and others. Data backup and recovery facilitates organizations, companies, and enterprises to prevent data loss, sustain operations, keep employees productive, retain historical records, maintain good customer experience, and others.
Market Trends, Drivers, Restraints, and Opportunities
- Growing volume of data is expected to drive the market during the forecast period.
- Increasing adoption of cloud data backup software and services among enterprises, companies, and organizations boost the market.
- Rising demand for data replication to safeguard data from any disaster fuels the market.
- Increasing risks of data security breaches is anticipated to drive the market in the coming years.
- Intense competition from open-source alternatives is anticipated to hamper the growth of the market during the forecast period.
- Lack of awareness and technical expertise are anticipated to restrain the growth of the market in the coming years.
- Technological advancement and rapid digitization of industries offer growth opportunities to the key market players.
Scope of the Report
The report on the global data backup and recovery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Data Backup and Recovery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2021 |
|
Historic Data |
2019–2020 |
|
Forecast Period |
2022–2030 |
|
Segmentation |
Types (Email Backup, Application Backup, and Media Storage Backup), Components (Software, Solutions, Hardware, Services, and Others), Deployment Types (On-premise and Cloud), Enterprise Sizes (Small & Medium-sized Enterprises and Large Enterprises), and Industry Verticals (Retail, IT & Telecommunications, Healthcare, Education, BFSI, Media & Entertainment, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
International Business Machines Corporation; Oracle Corporation; Dell; Commvault; Broadcom; Microsoft Corporation; Hewlett Packard Enterprise Development LP; Veritas Technologies LLC; NetApp, Inc.; Unitrends, Inc.; Acronis International GmbH; Veeam Software; and Others |
Market Segment Insights
Media storage backup segment drives the market
On the basis of types, the market is divided into email backup, application backup, and media storage backup. The media storage backup segment is expected to boost the market during the forecast period, due to growing usage of various media backup storage options among different enterprises. Increasing usage of media storage backups to restore data, which aids in the expansion of the segment.
Software segment boosts the market
In terms of components, the market is segmented into software, solutions, hardware, services, and others. The software segment is projected to drive the market during the forecast period, owing to increasing demand for data retention software among large enterprises. This software aid enterprises identifying data to be retained and which data to be deleted. This factor facilitates the expansion of the segment.
Cloud segment expands rapidly
Based on deployment types, the market is bifurcated into on-premise and cloud. The cloud segment is estimated to spur the market during the forecast period, owing to growing adoption of cloud services among enterprises, organizations, and companies to increase scalability, enhance compliance, increase security, and improve cost-effectiveness. Cloud backup and recovery services aid in data backup on a distant server, rapid data recovery, flexible storage facility, and data accessibility, which drive the cloud segment.
Large enterprises segment fuels the market
On the basis of enterprise sizes, the market is divided into small & medium enterprises and large enterprises. The large enterprises segment is anticipated to expand at a rapid pace, as large enterprises are investing more in data backup and recovery solutions in recent years. The data backup and recovery solutions facilitate large organization to backup huge data generated and captured by these enterprises and avoid any data loss due to accidental data deletion.
BFSI segment holds a key market share
In terms of industry verticals, the market is segregated into Retail, IT & telecommunications, healthcare, education, BFSI, media & entertainment, and others. The BFSI segment is estimated to drive the market during the forecast period, owing to increasing adoption of digitization in BFSI industry for data retention, data storage, and secure payment solutions.
North America dominates the market
Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to register a high CAGR during the forecast period, as several organizations in the region have implemented data analytics and visualization solutions to analyze customer information. The enterprises are adopting reliable data backups and recovery software, which aid in the expansion of the market in the region. The market in Asia Pacific is expected to expand in the coming years, due to increasing adoption of new technologies. Growing awareness regarding protecting crucial data among enterprises such as BFSI, retail, IT & telecommunications, and others is anticipated to drive the market in the region during the projected period.
Segments
The global data backup and recovery market has been segmented on the basis ofTypes
- Email Backup
- Application Backup
- Media Storage Backup
- Software
- Solutions
- Hardware
- Services
- Others
- On-premise
- Cloud
- Small & Medium-sized Enterprises
- Large Enterprises
- Retail
- IT & Telecommunications
- Healthcare
- Education
- BFSI
- Media & Entertainment
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- International Business Machines Corporation
- Oracle Corporation
- Dell
- Commvault
- Broadcom
- Microsoft Corporation
- Hewlett Packard Enterprise Development LP
- Veritas Technologies LLC
- NetApp, Inc.
- Unitrends, Inc.
- Acronis International GmbH
- Veeam Software
- Others
Competitive Landscape
The global data and recovery market is highly fragmented with the presence of key players such as International Business Machines Corporation; Oracle Corporation; Dell; Commvault; Broadcom; Microsoft Corporation; Hewlett Packard Enterprise Development LP; Veritas Technologies LLC; NetApp, Inc.; Unitrends, Inc.; Acronis International GmbH; Veeam Software; and others, who use business strategies such as mergers, collaborations, product launches, partnerships, and acquisitions to strengthen their hold on the market. For example, in April 2022, International Business Machines Corporation introduced z16, which is a platform that uses quantum-safe technologies, Artificial Intelligence (AI), and on-chip AI accelerator to facilitate enterprises to analyze transactions in real time. In April 2022, Oracle Corporation collaborated with NTT Docomo, Inc. to build an environment for ALADIN (ALI Around Docomo Information Systems), which is a customer information management system.
Frequently Asked Questions
the market is estimated to register CAGR of around 8.8% during the forecast period.
the global data backup and recovery market size was valued at around USD 8.5 billion in 2021 and is anticipated to reach around USD 15.2 billion by 2030.
Full backups, incremental backups, and differential backups are the types of data recovery.
Data backup and recovery refers to the process of creating and storing copies of data, which can be recovered on-demand to protect companies, organizations, and enterprises against data loss.
North America dominates the global global data backup and recovery market.
International Business Machines Corporation; Oracle Corporation; Dell; Commvault; Broadcom; Microsoft Corporation; Hewlett Packard Enterprise Development LP; Veritas Technologies LLC; NetApp, Inc.; and Unitrends, Inc. are some of the key players in the market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Data Backup and Recovery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Data Backup and Recovery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Data Backup and Recovery Market - Supply Chain
4.5. Global Data Backup and Recovery Market Forecast
4.5.1. Data Backup and Recovery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Data Backup and Recovery Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Data Backup and Recovery Market Absolute $ Opportunity
5. Global Data Backup and Recovery Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Data Backup and Recovery Market Size and Volume Forecast by Types
5.3.1. Email Backup
5.3.2. Application Backup
5.3.3. Media Storage Backup
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Data Backup and Recovery Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Data Backup and Recovery Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Data Backup and Recovery Demand Share Forecast, 2019-2026
7. North America Data Backup and Recovery Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Data Backup and Recovery Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Data Backup and Recovery Market Size and Volume Forecast by Types
7.4.1. Email Backup
7.4.2. Application Backup
7.4.3. Media Storage Backup
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Data Backup and Recovery Demand Share Forecast, 2019-2026
8. Latin America Data Backup and Recovery Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Data Backup and Recovery Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Data Backup and Recovery Market Size and Volume Forecast by Types
8.4.1. Email Backup
8.4.2. Application Backup
8.4.3. Media Storage Backup
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Data Backup and Recovery Demand Share Forecast, 2019-2026
9. Europe Data Backup and Recovery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Data Backup and Recovery Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Data Backup and Recovery Market Size and Volume Forecast by Types
9.4.1. Email Backup
9.4.2. Application Backup
9.4.3. Media Storage Backup
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Data Backup and Recovery Demand Share Forecast, 2019-2026
10. Asia Pacific Data Backup and Recovery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Data Backup and Recovery Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Data Backup and Recovery Market Size and Volume Forecast by Types
10.4.1. Email Backup
10.4.2. Application Backup
10.4.3. Media Storage Backup
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Data Backup and Recovery Demand Share Forecast, 2019-2026
11. Middle East & Africa Data Backup and Recovery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Data Backup and Recovery Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Data Backup and Recovery Market Size and Volume Forecast by Types
11.4.1. Email Backup
11.4.2. Application Backup
11.4.3. Media Storage Backup
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Data Backup and Recovery Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Data Backup and Recovery Market: Market Share Analysis
12.2. Data Backup and Recovery Distributors and Customers
12.3. Data Backup and Recovery Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. International Business Machines Corporation
12.4.2. Oracle Corporation
12.4.3. Dell
12.4.4. Commvault
12.4.5. Broadcom
12.4.6. Microsoft Corporation
12.4.7. Hewlett Packard Enterprise Development LP
12.4.8. Veritas Technologies LLC
12.4.9. NetApp, Inc.
12.4.10. Unitrends, Inc.
Methodology
Related Reports
Some other reports from this category!
Our Clients
