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Backup-as-a-Service Market worth $68.90 billion by 2030, growing at a CAGR of 17.59% - Exclusive Report by 360iResearch
Backup-as-a-Service Market | 360iResearch
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Backup-as-a-Service (BaaS) is a cloud-based service that offers businesses a comprehensive solution for data backup by utilizing cloud storage infrastructures, simplifying the backup process, and providing redundancy, security, and accessibility without requiring physical infrastructure. The necessity of BaaS arises from the increasing instances of cyber-attacks, data breaches, and unforeseen disasters, making robust data protection critical for businesses. BaaS also eliminates significant initial capital investment in hardware, aids regulatory compliance, and offers scalability, growing with business needs without additional infrastructure. Applicable across sectors such as SMEs, large enterprises, government and public sectors, healthcare, finance and banking, as well as IT and telecom, it safeguards critical business data, ensures continuity of public services, protects patient information, secures transaction data, and minimizes downtime. Key growth factors influencing the market include digital transformation driving demand for cloud-based backup services, rising cyber threats, cost efficiency and flexibility of the OPEX model over traditional CAPEX models, and technological advancements in cloud technologies and AI-driven solutions. Potential opportunities exist in focused solutions for small and medium-sized businesses, developing tiered subscription models, strategic alliances with cloud service providers, and customized vertical-specific solutions in industries such as legal, education, and media. However, challenges such as data privacy concerns, reliable internet connectivity issues, significant time for full-data restoration, and ongoing costs for large data sets can affect market growth. Areas of innovation and research for business growth include AI and ML integration for smarter, predictive backup solutions, blockchain technology for further securing data, edge computing capabilities for faster processes, enhanced data recovery solutions, and multi-cloud integration for diversified risk management. The dynamic BaaS market is characterized by rapid technological advancements, increasing adoption rates, and a competitive landscape where key players and new entrants continually innovate to capture market share.
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Market Segmentation & Coverage:
This research report categorizes the Backup-as-a-Service Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Differential Backup, Full Backup, and Incremental Backup.
Based on Service Type, market is studied across Application-Level Backups, File-Level Backups, and System-Level Backups.
Based on Application, market is studied across Cloud Backup and Online Backup.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Backup-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Acronis International GmbH, Amazon Web Services, Inc., Arcserve Inc., Cisco Systems Inc., Cohesity, Inc., Commvault Systems Inc., Connexxa Networks Inc., Dell Technologies Inc., Druva Inc., Fujitsu Ltd., Google LLC by Alphabet Inc., Hewlett Packard Enterprise Company, Insight Enterprises Inc., International Business Machines Corporation, Keepit A/S, Microsoft Corporation, NetApp Inc., NinjaOne, LLC, N‑able Technologies Ltd. by SolarWinds, Ottomatik, Proact IT Group AB, Quantum Corporation, Rubrik Inc., and Spanning Cloud Apps, LLC.
Introducing 360iResearch AI: Revolutionizing Market Intelligence with AI-Powered Insights for the Backup-as-a-Service Market
We proudly unveil Research AI, a cutting-edge AI product designed to transform how businesses interact with the Backup-as-a-Service Market. Research AI stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, Research AI is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it's a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Backup-as-a-Service Market. Embrace the future of market analysis with Research AI, where informed decisions lead to remarkable growth.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Backup-as-a-Service Market, by Type
7. Backup-as-a-Service Market, by Service Type
8. Backup-as-a-Service Market, by Application
9. Americas Backup-as-a-Service Market
10. Asia-Pacific Backup-as-a-Service Market
11. Europe, Middle East & Africa Backup-as-a-Service Market
12. Competitive Landscape
13. Competitive Portfolio
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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