Data Backup & Recovery Market by Component, Service Type, Backup Type, Data Type, Data Backup Technologies, Deployment Mode, Organization Size, End User

List of Tables

The Data Backup & Recovery Market was valued at USD 10.03 billion in 2023, expected to reach USD 10.83 billion in 2024, and is projected to grow at a CAGR of 8.11%, to USD 17.33 billion by 2030.

The scope and definition of the Data Backup & Recovery market involve solutions designed to ensure data accessibility, consistency, and protection against loss. This necessity arises from the increasing reliance on data across various sectors, highlighting data as a critical asset requiring protection against malicious activity, hardware failure, and human error. Applications extend to industries such as finance, healthcare, retail, and IT services, where data integrity is paramount. End-use spans from small businesses implementing basic cloud backups to large enterprises deploying comprehensive disaster recovery frameworks. Key growth factors influencing this market include the surge in data generation, rising incidents of data breaches, and stringent regulatory mandates demanding robust data management practices. Additionally, the growing adoption of cloud technologies and AI-driven solutions presents lucrative opportunities, alongside the increasing popularity of blockchain for secure data transactions. For businesses to capitalize on these opportunities, investment in AI and machine learning to predict potential failure points and automate the recovery process is recommended. Meanwhile, limitations such as high costs, complexity of integration, and a shortage of skilled professionals pose challenges. Additionally, evolving cyber threats require businesses to constantly update their security measures. Areas ripe for innovation and research include developing low-cost, scalable solutions suitable for SMEs, introducing advanced encryption methodologies, and enhancing cross-platform compatibility to streamline operations across various IT environments. A key insight into the nature of this market suggests it is inherently dynamic and rapidly evolving, necessitating businesses to adopt a proactive approach in identifying and mitigating emerging threats and seizing technological advancements. Staying abreast of evolving regulations and cyber threat landscapes is essential, placing emphasis on continuous improvement and agility to sustain growth and market relevance.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.03 billion
Estimated Year [2024]	USD 10.83 billion
Forecast Year [2030]	USD 17.33 billion
CAGR (%)	8.11%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Data Backup & Recovery Market

The Data Backup & Recovery Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing number of cyber threats globally
- Growing digitalization across various industries globally
- Expanding use of internet of things (IoT) devices generating significant data
Market Restraints
- High costs associated with the implementation of advanced data backup and recovery systems
Market Opportunities
- Expansion of disaster recovery as a service (DRaaS) for maintaining business continuity in crises
- Emergence of blockchain technology for secure and immutable data storage and backup
Market Challenges
- Technical complexities in managing large volumes of data

Porter's Five Forces: A Strategic Tool for Navigating the Data Backup & Recovery Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Data Backup & Recovery Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Data Backup & Recovery Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Data Backup & Recovery Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Data Backup & Recovery Market

A detailed market share analysis in the Data Backup & Recovery Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Data Backup & Recovery Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Data Backup & Recovery Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Data Backup & Recovery Market

A strategic analysis of the Data Backup & Recovery Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Data Backup & Recovery Market, highlighting leading vendors and their innovative profiles. These include Acronis International GmbH, Acronova, Axcient, Backblaze, Inc., Carbonite, Inc., Cloudian Inc., Cohesity, Inc., Commvault Systems, Inc., CrashPlan Group LLC, DataCore Software Corporation, Dell Inc., Druva Inc., Google LLC by Alphabet Inc., Hewlett Packard Enterprise Company, HYCU, Inc., IDrive Inc., Infrascale, Inc., International Business Machines Corporation, Kaseya, Microsoft Corporation, NovaBACKUP Corporation, NovaStor Corporation, Nutanix, Inc., Open Text Corporation, Own Company, Quest Software Inc., Rubrik, Inc., SolarWinds Worldwide, LLC, Spectra Logic Corporation, StorCentric, Veritas Technologies LLC, Wasabi Holding Company, Inc., and Zerto Ltd..

Market Segmentation & Coverage

This research report categorizes the Data Backup & Recovery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Component, market is studied across Hardware, Services, and Software. The Hardware is further studied across Servers and Storage Devices. The Services is further studied across Managed Services and Professional Services. The Software is further studied across Backup and Recovery Management, Big Data Backup and Recovery, Data Reduction, and Data Replication.
Based on Service Type, market is studied across Backup As A Service (BaaS), Data Archiving, and Disaster Recovery.
Based on Backup Type, market is studied across Differential Backup, Full Backup, Incremental Backup, Mirror Backup, and Smart Backup.
Based on Data Type, market is studied across Semi-Structured Data, Structured Data, and Unstructured Data.
Based on Data Backup Technologies, market is studied across Cloud, Disk-Based, Flash or SSD, and Tape.
Based on Deployment Mode, market is studied across Cloud, Hybrid, and On-Premise.
Based on Organization Size, market is studied across Large Enterprises and Small and Medium-Sized Enterprises.
Based on End User, market is studied across BFSI, Education, Government and Public Sector, Healthcare, IT and Telecommunications, Manufacturing, Media and Entertainment, and Retail.
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.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-535C629187B2

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing number of cyber threats globally
  - 5.1.1.2. Growing digitalization across various industries globally
  - 5.1.1.3. Expanding use of internet of things (IoT) devices generating significant data
- 5.1.2. Restraints
  - 5.1.2.1. High costs associated with the implementation of advanced data backup and recovery systems
- 5.1.3. Opportunities
  - 5.1.3.1. Expansion of disaster recovery as a service (DRaaS) for maintaining business continuity in crises
  - 5.1.3.2. Emergence of blockchain technology for secure and immutable data storage and backup
- 5.1.4. Challenges
  - 5.1.4.1. Technical complexities in managing large volumes of data
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Data Backup & Recovery Market, by Component

6.1. Introduction
6.2. Hardware
- 6.2.1. Servers
- 6.2.2. Storage Devices
6.3. Services
- 6.3.1. Managed Services
- 6.3.2. Professional Services
6.4. Software
- 6.4.1. Backup and Recovery Management
- 6.4.2. Big Data Backup and Recovery
- 6.4.3. Data Reduction
- 6.4.4. Data Replication

7. Data Backup & Recovery Market, by Service Type

7.1. Introduction
7.2. Backup As A Service (BaaS)
7.3. Data Archiving
7.4. Disaster Recovery

8. Data Backup & Recovery Market, by Backup Type

8.1. Introduction
8.2. Differential Backup
8.3. Full Backup
8.4. Incremental Backup
8.5. Mirror Backup
8.6. Smart Backup

9. Data Backup & Recovery Market, by Data Type

9.1. Introduction
9.2. Semi-Structured Data
9.3. Structured Data
9.4. Unstructured Data

10. Data Backup & Recovery Market, by Data Backup Technologies

10.1. Introduction
10.2. Cloud
10.3. Disk-Based
10.4. Flash or SSD
10.5. Tape

11. Data Backup & Recovery Market, by Deployment Mode

11.1. Introduction
11.2. Cloud
11.3. Hybrid
11.4. On-Premise

12. Data Backup & Recovery Market, by Organization Size

12.1. Introduction
12.2. Large Enterprises
12.3. Small and Medium-Sized Enterprises

13. Data Backup & Recovery Market, by End User

13.1. Introduction
13.2. BFSI
13.3. Education
13.4. Government and Public Sector
13.5. Healthcare
13.6. IT and Telecommunications
13.7. Manufacturing
13.8. Media and Entertainment
13.9. Retail

14. Americas Data Backup & Recovery Market

14.1. Introduction
14.2. Argentina
14.3. Brazil
14.4. Canada
14.5. Mexico
14.6. United States

15. Asia-Pacific Data Backup & Recovery Market

15.1. Introduction
15.2. Australia
15.3. China
15.4. India
15.5. Indonesia
15.6. Japan
15.7. Malaysia
15.8. Philippines
15.9. Singapore
15.10. South Korea
15.11. Taiwan
15.12. Thailand
15.13. Vietnam

16. Europe, Middle East & Africa Data Backup & Recovery Market

16.1. Introduction
16.2. Denmark
16.3. Egypt
16.4. Finland
16.5. France
16.6. Germany
16.7. Israel
16.8. Italy
16.9. Netherlands
16.10. Nigeria
16.11. Norway
16.12. Poland
16.13. Qatar
16.14. Russia
16.15. Saudi Arabia
16.16. South Africa
16.17. Spain
16.18. Sweden
16.19. Switzerland
16.20. Turkey
16.21. United Arab Emirates
16.22. United Kingdom

17. Competitive Landscape

17.1. Market Share Analysis, 2023
17.2. FPNV Positioning Matrix, 2023
17.3. Competitive Scenario Analysis
- 17.3.1. Veeam Data Platform v12.2 empowers enterprises with enhanced data resilience for diverse infrastructures
- 17.3.2. Rubrik introduces Salesforce Data Protection to enhance security, recovery, and data integrity
- 17.3.3. BigID's innovative partnership with Cohesity enhances backup and recovery processes through advanced data protection
- 17.3.4. OpenText Cybersecurity launched cloud-to-cloud backup for enhanced data sovereignty in India's SaaS markets
- 17.3.5. Microsoft releases new cloud data backup solution
17.4. Strategy Analysis & Recommendation
- 17.4.1. Google LLC by Alphabet Inc.

Companies Mentioned

1. Acronis International GmbH
2. Acronova
3. Axcient
4. Backblaze, Inc.
5. Carbonite, Inc.
6. Cloudian Inc.
7. Cohesity, Inc.
8. Commvault Systems, Inc.
9. CrashPlan Group LLC
10. DataCore Software Corporation
11. Dell Inc.
12. Druva Inc.
13. Google LLC by Alphabet Inc.
14. Hewlett Packard Enterprise Company
15. HYCU, Inc.
16. IDrive Inc.
17. Infrascale, Inc.
18. International Business Machines Corporation
19. Kaseya
20. Microsoft Corporation
21. NovaBACKUP Corporation
22. NovaStor Corporation
23. Nutanix, Inc.
24. Open Text Corporation
25. Own Company
26. Quest Software Inc.
27. Rubrik, Inc.
28. SolarWinds Worldwide, LLC
29. Spectra Logic Corporation
30. StorCentric
31. Veritas Technologies LLC
32. Wasabi Holding Company, Inc.
33. Zerto Ltd.