The global Data Backup Software Market is estimated to grow from USD
5.32 Billion in 2019 to reach USD 10.41 Billion by 2027, at a CAGR of
8.8% during the forecast period from 2020-2027.
Growing
adoption of cloud-based technology, especially data backup solutions in
various industries across developed and developing economies is a major
driving force for the growth of data backup software market globally.
Final Report will have an in-depth analysis of the COVID-19 impact on the Data Backup Software Market.
Data Backup Software Market by Component (Software, and Services); by
Deployment (On-Premise, and Cloud-Based); by Organization Size (Large
Organizations, and Small & Medium Sized Organizations); by Industry
Vertical (BFSI, Government & Public Sector, Healthcare, Media &
Entertainment, IT & Telecom, Retail, Manufacturing, Education, and
Others), and by Region: Global Industry Trends, Dynamics, Competitive
Insights and Forecast Analysis, 2020 – 2027
Market Drivers, Restraining, Opportunities:
Drivers responsible for growth in the market include:
• Operational Excellence and Data Quality Management
• Increasing Adoption of Cloud Data Backup
• Rising Need for Data Security and Privacy Concerns
Factors restraining market growth:
• Management of Unstructured Data
• Strict Competition From Open-Source Alternatives
Market Opportunities include:
• Blockchain Solutions for the Future of Data Backup
• Deployment of Data Maturity Model
Key Player's Analysis:
The
report provides key player analysis along with company revenue shares
in order to give a broader overview of the market players in the data
backup software market. Major players in market are Softland, Veeam,
Veritas Technologies, Commvault, NTI Corporation, StorageCraft, Netapp,
Acronis, Unitrends, Code42, Genie9 Corporation, and Datto among others.
Market Overview:
The
market report covers a basic overview of the market from the industry
perspective. This will help the reader to get a gist about different
industry dimensions from a manufacturer's view. The report divides the
market into different sections and is comprised of market revenue
(value) by segments.
The report provides market data
from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019
would be the base year and 2020 to 2027 will be forecast years. The
report provides different statistics and figures and charts that will
help analyze trends and global data backup software market share along
with its growth rate in different regions and countries.
Key
players across the globe are profiled in the report along with its
company landscaping. Product portfolio for each company, recent
developments and company strategies are covered along with the company
financials.
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