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Data Backup and Recovery - Global Market Trajectory & Analytics

  • ID: 4804597
  • Report
  • April 2021
  • Region: Global
  • 279 pages
  • Global Industry Analysts, Inc
Global Data Backup and Recovery Market to Reach $15.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Data Backup and Recovery estimated at US$8.4 Billion in the year 2020, is projected to reach a revised size of US$15.2 Billion by 2027, growing at a CAGR of 8.8% over the analysis period 2020-2027. Data Replication, one of the segments analyzed in the report, is projected to record a 8.8% CAGR and reach US$7.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Data Reduction segment is readjusted to a revised 8.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 11.6% CAGR

The Data Backup and Recovery market in the U.S. is estimated at US$2.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2027 trailing a CAGR of 11.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.

Data Retention Segment to Record 9.6% CAGR

In the global Data Retention segment, USA, Canada, Japan, China and Europe will drive the 8.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$955.5 Million in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027, while Latin America will expand at a 11% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • Acronis International GmbH
  • CA Technologies
  • Commvault Systems, Inc.
  • Dell Technologies
  • Hewlett Packard Enterprise Development LP (HPE)
  • IBM Corporation
  • Microsoft Corporation
  • NetApp, Inc.
  • Oracle Corporation
  • Unitrends
  • Veeam Software AG
  • Veritas Technologies LLC
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Data Backup and Recovery: An Introduction
  • Steady Growth Projected for Data Backup and Recovery Solutions Market
  • Impact of Covid-19 and a Looming Global Recession
  • Soaring Adoption of Cloud Backup as a Service (BaaS) Drives Overall Growth in Data Backup and Recovery Market
  • BaaS Gains Traction in Public as well as Private Cloud Models
  • A Brief Review of Select Popular Cloud Backup Tools
  • On-Premise Tools Remain in Contention
  • Email Recovery: Major Application Segment
  • Education Sector Leads in Adoption of Data Backup and Recovery Tools
  • Banking and Financial Enterprises Queue Up for Data Backup and Recovery Tools
  • Large Corporate Enterprises Remain Core Consumers
  • MSPs Rely on Comprehensive Data Backup and Recovery to Gain Market Edge
  • Widespread Availability of Open Source Data Recovery Platforms: A Key Market Deterrent
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
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