Press release
Backup Recovery Software Market Surges Amid Rising Data Protection Demands
Backup Recovery Software Market SizeThe global Backup Recovery Software market is projected to grow from US$ 6163 million in 2024 to US$ 10800 million by 2030, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.
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Backup recovery software is a type of software that is designed to create copies (backups) of digital data, such as files, documents, databases, and system configurations, and to facilitate the recovery of that data in case of data loss, hardware failures, data corruption, or disasters. This software plays a crucial role in data protection and business continuity by ensuring that critical data is safe, accessible, and recoverable when needed.
Market Analysis and Insights: Global Backup Recovery Software Market
The global market for backup recovery software is a dynamic and critical segment of the broader IT and data management industry. The global market for backup recovery software is substantial and continuously growing. As data becomes increasingly central to businesses and individuals, the need for robust data protection and recovery solutions has grown significantly. North America, particularly the United States, is a mature market with a high demand for backup recovery software. Enterprises across various industries and government agencies extensively use these solutions to protect their data. Europe also has a substantial market with countries like the United Kingdom, Germany, and France being prominent consumers. Data privacy regulations like GDPR have further heightened the need for robust data protection and recovery. The Asia-Pacific region, including emerging economies like China and India, has witnessed significant growth in the market. Businesses in this region are increasingly investing in data protection solutions to safeguard against data loss.
By Type
• On-premises
• Cloud-based
By Application
• SMEs
• Large Enterprise
Key Companies
Veritas Technologies, Veeam, Acronis, StorageCraft, Netapp, Code42, Commvault, Kaseya (Unitrends), Datto, Zoolz (Genie9), Wondershare, Softland Romania, NTI Corporation, EasyUS, Strengthsoft, Infrascale, OpenText, NAKIVO, NovaStor
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