Press release
Data Backup And Recovery Market size reached USD 10.61 billion in 2021, and it is projected to grow at a CAGR of 10.3% from 2022 to 2029, eventually reaching nearly USD 23.24 billion.
Data Backup And Recovery Market
The report explores various segments of the Data Backup and Recovery market, including components, services, verticals, and regions. It presents data provided by market participants and covers regions such as North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report offers a thorough analysis of the industry's rapid advancements, supported by facts, figures, illustrations, and presentations. Historical data from 2017 to 2021 is analyzed, and the report investigates drivers, limitations, prospects, and barriers in the Data Backup and Recovery market. It also includes investor recommendations based on a comprehensive examination of the current competitive landscape.
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Maximize Market Research Pvt. Ltd. adopts a rigorous research methodology to gather accurate and reliable data. Primary and secondary research methods are employed to collect information from industry experts, market participants, and other credible sources. The collected data is then analyzed using advanced analytical tools to derive meaningful insights and forecast market trends.
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What are Data Backup And Recovery Market Dynamics?
The report highlights the competitive advantages associated with data backup and recovery as a major driver of market growth. Businesses invest significant effort in developing exclusive data and information, which serves as a key asset for gaining a competitive edge. However, data loss due to threats or catastrophes can lead to dissatisfied customers, lost revenue, and potential insolvency. Effective backup and recovery solutions play a crucial role in safeguarding against data loss and maintaining a competitive edge. Security is identified as a critical component of data backup and recovery to mitigate potential risks to a company's information.
The limitations of cloud backup technology pose a significant challenge to market growth. While contingency planning becomes increasingly important for business continuity, cloud backup technology offers an off-site solution to store and protect data. However, concerns about robust internet connectivity, bandwidth limitations, and the time-consuming nature of complete data recovery present obstacles to the adoption of cloud data backup.
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What is Data Backup And Recovery Market Regional Insight?
North America is expected to lead the Data Backup and Recovery market at the end of the forecast period. The region's extensive usage of data recovery software across diverse operations and the implementation of cyber security standards in financial institutions drive market growth. The report emphasizes the importance of disaster recovery plans for organizations, especially in the banking sector, where the protection of critical information and rapid return to normal operations are essential.
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What is Data Backup And Recovery Market Segmentation?
by Component
• Software
• Services
by Service
• Professional Services
• Managed Services
by Vertical
• BFSI
• IT and Telecommunications
• Retail
• Government and Public Sector
• Healthcare
• Media and Entertainment
• Manufacturing
• Others
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Who are Data Backup And Recovery Market Key Players?
• NetApp, Inc.
• Rackspace, Inc.
• Veritas Technologies LLC
• CommVault Systems Inc.
• Acronis International GmbH
• Carbonite Inc.
• Actifio
• Unitrends
• Asigra
• Redstor Limited
• Veeam
• Rubrik
• Dell Technologies
• Cohesity
• IBM
Table of content for the Data Backup And Recovery Market includes:
1. Global Data Backup And Recovery Market: Research Methodology
2. Global Data Backup And Recovery Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Data Backup And Recovery Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Data Backup And Recovery Market Segmentation
• Global Market, by Component(2021-2029)
• Global Market, by Service(2021-2029)
• Global Market, by Vertical(2021-2029)
5. Regional Data Backup And Recovery Market(2021-2029)
• Regional Market, by Component(2021-2029)
• Regional Market, by Service(2021-2029)
• Regional Market, by Vertical(2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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