Press release
Data Backup And Recovery Market Research Analysis 2024-2033 | Growth, Size, Forecast, Analysis, Insights
Data Backup And Recovery Market
The data backup and recovery market size is expected to see rapid growth in the next few years. It will grow to $25.23 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to ransomware mitigation, regulatory compliance, continuous data protection. Major trends in the forecast period include early digitalization, integration of AI and machine learning in backup processes, focus on cybersecurity in backup strategies, hyper-converged infrastructure (HCI) for backup.
Market Overview -
Data backup and recovery refer to the area of onshore and cloud-based technology solutions that allow enterprises to secure and maintain their data for legal and business requirements. Data backup and recovery are used in the process of making a backup copy of data, keeping it somewhere safe in case it becomes lost or damaged, and then restoring the data to its original location or a secure backup so it can be used once again in operations.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7774&type=smp
Surge in Cloud Data Backup Adoption Fuels Market Expansion
An increase in the adoption of cloud data backup is expected to propel the growth of the data backup and recovery market. 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. This helps make the data safe and easily recoverable. For instance, in February 2022, according to Gartner, a US-based management consulting company, In 2025, 51% of enterprise IT spending in key segments will shift to the cloud, surpassing traditional IT spending. Furthermore, global spending on public cloud services is expected to reach $597.3 billion in 2023, reflecting a significant increase from $491 billion in 2022. Therefore, an increase in the adoption of cloud data backup is driving the data backup and recovery market growth.
Competitive Landscape -
Major companies operating in the data backup and recovery market report are Dell Technologies Inc., International Business Machines Corporation, Oracle Corporation, Hewlett Packard Enterprise Company, Asigra Inc., NetApp Inc., Micro Focus International plc, Veritas Technologies LLC, Nutanix Inc., Rubrik Inc., Veeam Software AG, Quest Software LLC, Commvault Systems Inc., Barracuda Networks Inc., Acronis International GmbH, Carbonite Inc., Cohesity Inc., Zerto Corporation, Arcserve LLC, Druva Inc., Actifio Inc., StorageCraft Technology Corporation, HYCU Inc., Atempo Inc., Unitrends, Altaro Software Limited, Infrascale Inc., Vembu Technologies Pvt. Ltd., Bacula Systems SA, BackupAssist Software, Axcient
Rising Trends in Data Backup and Recovery Tech
Technological advancement is a key trend gaining popularity in the data backup and recovery market. 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. For instance, in June 2022, Backblaze, Inc., a US-based cloud storage and data backup company, partnered with Veritas Technologies LLC. to offer multi-cloud data backup and recovery. Customers who use Backup Exec to synchronise their data backup and recovery procedures can use their combined solution's simple, inexpensive, and S3-compatible object storage. The Backup Exec service from Veritas enables companies to safeguard almost any data on any storage medium, including tape, servers, and the cloud. Veritas Technologies LLC is a US-based data management company.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/data-backup-and-recovery-global-market-report
Key Segments -
The data backup and recovery market covered in this report is segmented -
1) By Backup Type: Service Backup, Media Storage Backup, Email Backup
2) By Component: Software, Services
3) By Deployment Type: Cloud, On-Premises
4) By Industry Vertical: IT And Telecommunications, Retail, Banking, Financial Services, And Insurance, Government And Public Sector, Healthcare, Media And Entertainment, Manufacturing, Education, Other Industry Verticals
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Backup And Recovery Market Research Analysis 2024-2033 | Growth, Size, Forecast, Analysis, Insights here
News-ID: 3455163 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Backup
BDRSuite partners with Backup Garantido to Offer Reliable Backup Solution in Bra …
BDRSuite, a leading Backup and Disaster Recovery software provider, has partnered with Backup Garantido, and this partnership will focus on reaching out to a wide variety of businesses in Brazil for their Backup and Disaster Recovery needs.
Backup Garantido has been providing security, SaaS, and disaster recovery services for more than a decade. With BDRSuite, Backup Garantido can now provide its customers a complete Backup and DR solution that caters…
Growth in Backup Requirements of Enterprises Dominating Cloud Backup & Recovery …
Recovery and cloud backup play a vital role in business continuity strategy. The adoption of cloud backup provides additional benefits such as cost saving, and security, storage, and virtualization of the data. Cloud storage solutions provide infrastructure and application support to enterprises at a lower cost than on-premises storage solutions.
The Cloud Backup & Recovery Software Market is driven by the need for companies to reduce their IT expenditure, increase in…
Ashampoo® Backup Pro 12 – Intelligent backup mechanism for uninterrupted work
With Backup Pro 12, German software developer Ashampoo® released their easy to use yet powerful backup solution. Saving, rescuing or restoring even bootable system disks is now easier than ever before and viruses, ransomware or total system failures just lost their terror. For the first time, Ashampoo® Backup Pro 12 now covers all aspects of data backups in a single program. While the handy hard disk checker is light on…
VM Backup made simple – Archiware announces virtual backup product
Archiware GmbH, manufacturer of data management software, releases the public beta version of VMware® backup product Archiware Pure. Going on sale this summer, Archiware Pure completes Archiware’s portfolio of easy-to-use software solutions for end-to-end data protection.
Munich, February 14th, 2017 - Virtualization is a well-established, rapidly growing and future-proof technology. Today’s virtual setups require a secure and simple backup solution. Archiware’s cutting-edge new product Archiware Pure empowers small and medium-sized businesses…
Handy Backup Enhances Windows Backup Functionality with Windows 8 Compatibility
Alliance, Ohio, April 24, 2012 – Novosoft, an acclaimed developer of data protection software solutions for Windows and Linux, reported the first round of tests for Windows 8 compatibility with the Handy Backup software to be successfully run. All major Windows backup options, like Windows 8 disk imaging or backup to the cloud, are claimed to be fully delivered by Handy Backup for the OS edition available for pre-release usage…
Fast Backup and Advanced Differential Data Copying in New Handy Backup Utility
Alliance, Ohio, April 17, 2012 - Novosoft, a global manufacturer of software utilities for hard drive security, announced the innovative release of a recent Handy Backup tool version. The recent program will provide high-speed backup options strictly oriented to meaningful administration of big data (both multiple files at a time and large files). The high-speed backup features are claimed to show the tool niche's record-breaking results, particularly for differential backup.…
