Back up as a Service Market 2018 Global Industry Leaders: Commvault, Emc Dell, IBM, Symantec Corporation, Amazon Web Services, Acronis International

Market Highlights:

Back up as service refers to storage of data, the service involves purchasing and recovering of data from an online backup service provider. The service offers organization to connect data with the private, public or hybrid cloud managed solution by the outside service provider instead of centralized, on-premise IT department of an enterprise.

The study indicates that the high cost of deploying on-premise solution for disaster recovery is the key driver boosting the back up as a service market. The availability of cloud backup service for virtual machine is one of the few factors driving the market. Integration with the cloud service provider is one of the major factor fueling market growth. According to the study, virtualization has become integral part of IT landscape, and many small and medium enterprises are adopting virtualization on large scale. While there are some restraints that may affect the market growth includes, large dependency of businesses on outsourcing backup services by outside providers, data center performance, compliance issue and improper encryption of data.

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Major Key Players

Commvault (U.S.),
Emc Dell Inc. (U.S.),
International Business Machines Corporation (U.S.),
Symantec Corporation (U.S.),
Amazon Web Services, Inc. (U.S.),
Acronis International Gmbh (U.S.),
Asigra Inc. (Canada),
Cisco Systems, Inc. (U.S.),
Fujitsu Ltd. (Japan), Google (U.S.), among others.

The Back Up As A Service Market is expected to grow at approximately USD 5 Billion by 2023, at 28% of CAGR between 2017 and 2023.

Regional Analysis:
The regional analysis of back up as a service market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America is one of the leading player in the back up as a service market owing to large adoption of cloud services for enterprise data security and customer information. Asia-Pacific region is expected to be one of the fastest growing because of increased implementation of cloud based appliances and rising demand for hybrid cloud storage.
Segments:
Back up as a service market is segmented on the basis of storage.
Back up as a Service Market by Storage:
• On-Premise
• On-Cloud
• Public
• Private
• Hybrid

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