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Data Backup And Recovery Market 2032: Industry Analysis, Market Trends, Growth, Opportunities To 2023
Data Backup And Recovery Market
The Business Research Company's Data Backup And Recover Global Market Report 2023 identifies increase in the adoption of cloud data backup as the major driver for the Data Backup And Recover market's growth in the forecast period. Cloud backup is storing a copy of a physical or virtual file, database, or other data in a secondary, off-site location in case of equipment failure or other emergencies. Cloud-based data backup helps store data in the cloud, which is accessible anywhere and anytime.
The global data backup and recovery market size grew from $12.18 billion in 2022 to $14.15 billion in 2023 at a compound annual growth rate (CAGR) of 16.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The data backup and recovery market size is expected to grow to $23.64 billion in 2027 at a CAGR of 13.7%.
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Major competitors in the Data Backup And Recover market are International Business Machines Corporation (IBM), Oracle Corporation, Dell Inc., Commvault Systems, Inc., NetApp Inc.
A key trend in the Data Backup And Recover market includes technological advancement. Major data backup and recovery companies are advancing in their new technologies and research and development to adopt efficient alternatives such as multi-cloud data backup and recovery. Data can be backed up across many cloud services from different providers using multi-cloud data backup and recovery systems. These systems frequently copy backups from one service to another and store them there for disaster recovery. These solutions ought to allow recovery from many sources, ideally.
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The Data Backup And Recover market is segmented -
• By Backup Type: Service Backup, Media Storage Backup, Email Backup
• By Component: Software, Services
• By Deployment Type: Cloud, On-Premises
• By Industry Vertical: IT and Telecommunications, Retail, Banking, Financial Services, and Insurance, Government and Public Sector, Healthcare, Media and Entertainment, Manufacturing, Education, and Other Industry Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Data Backup And Recover market.
The Business Research Company's "Global Data Backup And Recover Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Data Backup And Recover Market Include:
1. Executive Summary
2. Data Backup And Recovery Market Characteristics
3. Data Backup And Recovery Market Trends And Strategies
4. Data Backup And Recovery Market - Macro Economic Scenario
5. Data Backup And Recovery Market Size And Growth
……………………………………………………………………
26. Africa Data Backup And Recovery Market
27. Data Backup And Recovery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Data Backup And Recovery Market
29. Data Backup And Recovery Market Future Outlook and Potential Analysis
30. Appendix
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