Data Center Backup and Recovery Software Market Key Players : Commvault Systems Inc., Dell Technologies Inc., Veeam Software Group GmbH, Veritas Technologies LLC., IBM Corp.etc..

Data center backup and recovery software are widely being used by several enterprises across the world to replicate and archive important data. The software helps in the storage of data to prevent potential loss or damage. The growing incidence of data corruption, accidental data deletion, data corruption, malicious attacks, and software failures increases the demand for the software.

The data center backup and recovery software help in recovering data during the data center disruptions. The global data center backup and recovery software are expected to witness growth by a notable CAGR during the forecast period.

Market Segmentation

The global market of data center backup and recovery software is segmented based on product type, application, and geography.

Depending on the product type, the global market is subdivided into data center backup and data center recovery.

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Based on the application, the global data center backup and recovery software market is segregated into data center operators, internet content providers, government, communication services providers, financial services providers, and others. The data center operators are the leading segment in the global market. It is also anticipated to retain its leading position during the forecast period. The increase in the adoption of cloud technology and the increase in the investments in the construction of new data centers are the major reasons that augment market growth. The growing demand for data security and privacy in outage situations will also foster market growth.

Key Players
The report has included a profiling of various prominent players in the market and different trends in the manufacturing landscape. It also identifies some of the new market entrants that are shaping the data center backup and recovery software market landscape.

Commvault Systems Inc.
Dell Technologies Inc.
Veeam Software Group GmbH
Veritas Technologies LLC.
IBM Corp.

Market Dynamics

More and more enterprises are undergoing digital transformation leading to the creation of large volumes of data. Increasing investments are being made for the setting up of new data centers for the effective management of the data, thereby increasing the demand for the data center backup and recovery software market.

The evolution of the AI-based backup and recovery software is further expected to boost market growth across the globe. The integration of AI with the backup and recovery software will help in identifying the potential cyber-attacks, predicting the system failure, and automating the overall process. The convenience of the AI-based solution will fuel market growth in the coming years.

Regional Market Segmentation

Based on geography, the global market of data center backup and recovery software includes the Asia Pacific, Europe, Middle East, and Africa, North America, and South America.

The North America region is expected to occupy the leading position during the forecast period. The stringent regulation related to data protection, the rise in adoption of IoT, and the increase in the number of data centers is some of the factors that account for the market growth of the region.

Top Industry News

In August 2019, Azzuri Group chose the software of Veeam Software Group for the protection of critical data required for the Business Intelligence analytics. The adoption of the software will help the company leverage its data and drive its business growth.

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