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New Trends of Backup and Disaster Recovery Appliance Market with Worldwide Industry Analysis to 2024

12-22-2017 11:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The global rise in demand for Internet of Things (IoT) has resulted into the development of smart appliances which are capable of storing essential data in cloud servers. However, the data needs to be stored securely for future access. Backup and disaster recovery appliances are used to store important data in case of disaster of hardware of software failure. These appliances are based upon network attached storage and works by replicating the files and the operating systems. The replicated data is then stored on dedicated appliances which are available instantly in case of a system failure. The market is expected to grow due to increasing demand for these appliances in small and medium businesses.

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The global rise in cyber crime is one of the major factors leading to the growth of backup and disaster recovery appliances. In addition, failure of hardware devices cannot be predicted and hence is essential to take back of important documents on a real time basis. Furthermore, these appliances are either integrated with the system or operate with the help of a cloud based service to store and secure the data. Moreover, it is not feasible for all the organization to have their own backup and recovery facility and hence relies of software or hardware backup solutions provided by third part vendors. In addition, ongoing technological innovation is leaded to the development of virtual reality devices. These devices primarily operated with the help of internet and store their data online. The rising demand of these devices is in return creating the need for backup and recovery services for these data. These factors are aiding to the growth of the backup and disaster recovery appliances market globally.

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However, there are some factors hindering the growth of backup and disaster recovery appliances market. The appliances are designed to operate with the help of a specific software. Hence, if an organization plans to change their backup software, they have to change the appliances as well may not be affordable for all. Moreover, the operation of these appliances requires strong and stable internet connectivity which is not available in underdeveloped regions like Asia and Africa. These are some of the primary factors hindering the growth of the market.

The rising need for cloud based services and the falling price of cloud based storage is expected to surge the demand for backup and disaster recovery appliances in future. In addition, the expansion of organization in developing region is creating the need for cloud based services for proper coordination with the headquarters. This is another factor which is expected to drive the market in future.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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