Data Backup and Recovery Software Market : Eminent Players - commvault, dell, IBM, Veenam, Rubrik, VMware, Veritas, Acronis, Microsoft, Oracle, NetApp, Zerto

In order to protect enterprises from data loss, backup and recovery refer to the process of creating and preserving data copies. System restoration is the term sometimes used for this. Returning the data to its original location or to another location where it may be used in place of the damaged or missing data is the typical process for recovering data from a backup. A solid backup copy is preserved in a separate system or media, such as tape, apart from the original data to prevent data loss due to major hardware or software failure. In 2030, the global data backup and recovery software market is projected to reach USD 23.1 billion, growing at an impressive CAGR of 9.6% during the forecasted period.

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A practical way for businesses to safeguard crucial data is through data backup. It is compatible with current systems and does not call for any new ones. Following the completion of the backup, encrypted files are subsequently kept at an offsite data centre.
The utilisation of cutting-edge technology throughout the entire procedure is free of additional costs. All data is encrypted before being transported to an overseas data centre to safeguard it from security breaches.

The market for data backup and recovery software is being propelled by the increasing upkeep of data analytics. The industry is expanding significantly due in large part to the massive volume of data created by IT solution infrastructures and applications. Data backup and recovery software demand is increasing as a result of the growth in digital technologies like block chain solutions for data retrieval or restoration. Data backup and recovery software market expansion will be tempered by other important factors like expanding urbanisation and the huge increase in data volume.

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According to regional analysis, the market in North America is anticipated to generate the greatest revenue share in the worldwide market during the projected period since some of the main players are located there. The region's growing big data trend has produced enormous amounts of data that must be stored, backed up, and, if necessary, recovered. The market's revenue growth in this region is anticipated to be boosted by growing usage of data backup and recovery solutions. Due to the increasing adoption of new technologies, which opens up attractive market prospects, the market in Asia Pacific is anticipated to develop at a rate that is much faster than average throughout the course of the projected period.

The IBM z16, an AI-accelerated, quantum-safe mainframe with an on-chip AI accelerator, was released in April 2022. It is designed for hybrid cloud scenarios. Businesses may identify fraudulent transactions as they take place because to its ability to scale up real-time transaction analysis for corporate workloads. To protect data and systems from current and foreseeable threats, the z16 also uses lattice-based encryption.

Table of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Data Backup and Recovery Software market by Type, 2022-2029 (USD Billion)
5. Data Backup and Recovery Software market by Solutions, 2022-2029 (USD Billion)
6. Backup and Recovery Software market by Deployment, 2022-2029 (USD Billion)
7. Data Backup and Recovery Software market by Region 2022-2029 (USD Billion)
8. Competitive Landscape
9. Company Profiles
10. Appendix

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