PUBLISHER: KBV Research | PRODUCT CODE: 1682916
PUBLISHER: KBV Research | PRODUCT CODE: 1682916
North America Data Backup and Recovery Market Size, Share & Trends Analysis Report By Type, By Application, By Organization Type, By Deployment (On-Premises, and Cloud), By Vertical, By Country and Growth Forecast, 2024 - 2031
The North America Data Backup and Recovery Market would witness market growth of 9.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Data Backup and Recovery Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,505 million by 2031. The Canada market is experiencing a CAGR of 11.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.8% during (2024 - 2031).
Data has become one of the most valuable assets for organizations, governments, and individuals in the digital era. In order to enhance customer experience, drive decision-making, and obtain a competitive advantage, organizations across industries heavily rely on data. With the exponential increase in data generation, storage, and processing, the risk of data loss has grown significantly.
Data backup and recovery refer to duplicating and storing data in a secure location to prevent loss and ensure its retrieval in case of an unexpected failure. Backup solutions can be deployed on-premises, in the cloud, or through hybrid models that combine both environments. On the other hand, recovery involves restoring lost, corrupted, or inaccessible data to its original state, enabling organizations to resume operations with minimal downtime.
Cloud-based backup solutions are becoming more and more necessary in Canada as a result of the increased usage of cloud computing and the transition to hybrid work environments. The Canadian Digital Charter Implementation Act and the country's Personal Information Protection and Electronic Documents Act (PIPEDA) require businesses to maintain strict data governance and backup policies, encouraging investments in cloud-integrated disaster recovery. Organizations are progressively implementing multi-cloud backup strategies to guarantee seamless access and protection of business-critical data, as a substantial portion of the workforce operates in hybrid or remote environments. Additionally, the country's growing small and medium-sized enterprise (SME) sector, which accounts for nearly 98% of all businesses, is fueling demand for cost-effective and scalable backup solutions that do not require heavy infrastructure investments. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
Based on Type, the market is segmented into Software (Data Replication, Data Reduction, and Data Retention), and Services (Professional, and Managed Services). Based on Application, the market is segmented into Media Storage Backup, Application Backup, and Email Backup. Based on Organization Type, the market is segmented into Small & Medium Sized, and Large. Based on Deployment, the market is segmented into On-Premises, and Cloud. Based on Vertical, the market is segmented into BFSI, Government, Manufacturing, Healthcare, Media & Entertainment, Retail, Telecom & IT, Education, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Hewlett Packard Enterprise Company
- Broadcom, Inc.
- Dell Technologies, Inc.
- Commvault Systems, Inc.
- NetApp, Inc.
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Data Backup and Recovery Market, by Type
- 1.4.2 North America Data Backup and Recovery Market, by Application
- 1.4.3 North America Data Backup and Recovery Market, by Organization Type
- 1.4.4 North America Data Backup and Recovery Market, by Deployment
- 1.4.5 North America Data Backup and Recovery Market, by Vertical
- 1.4.6 North America Data Backup and Recovery Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Data Backup and Recovery Market by Type
Chapter 6. North America Data Backup and Recovery Market by Application
Chapter 7. North America Data Backup and Recovery Market by Organization Type
Chapter 8. North America Data Backup and Recovery Market by Deployment
Chapter 9. North America Data Backup and Recovery Market by Vertical
Chapter 10. North America Data Backup and Recovery Market by Country
Chapter 11. Company Profiles
LIST OF TABLES
- TABLE 1 North America Data Backup and Recovery Market, 2020 - 2023, USD Million
- TABLE 2 North America Data Backup and Recovery Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Data Backup & Recovery Market
- TABLE 4 Product Launches And Product Expansions- Data Backup & Recovery Market
- TABLE 5 Acquisition and Mergers- Data Backup & Recovery Market
- TABLE 6 North America Data Backup and Recovery Market by Type, 2020 - 2023, USD Million
- TABLE 7 North America Data Backup and Recovery Market by Type, 2024 - 2031, USD Million
- TABLE 8 North America Software Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Software Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America Data Backup and Recovery Market by Software Type, 2020 - 2023, USD Million
- TABLE 11 North America Data Backup and Recovery Market by Software Type, 2024 - 2031, USD Million
- TABLE 12 North America Data Replication Market by Region, 2020 - 2023, USD Million
- TABLE 13 North America Data Replication Market by Region, 2024 - 2031, USD Million
LIST OF FIGURES
