Data Center Backup and Recovery Solutions Market Report 2028 | Growing at 11.2?GR and Hit USD 18.87 Billion
Research Reports
Feb 22, 2022
High increase in data volume and increasing investment in expansion of data centers are significant factors driving global Data Center Backup and Recovery Solutions market revenue growth
The Global Data Center Backup and Recovery Solutions Market Report offers extensive knowledge and information about the Data Center Backup and Recovery Solutions market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Data Center Backup and Recovery Solutions market further validated and verified by the industry experts and professionals.
Data Center Backup and Recovery Solutions market size is expected to reach USD 18.87 Billion at a revenue CAGR of 11.2% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of Data Center Backup and Recovery Solutions can be attributed to high increase in data volume and growing use of data by enterprises to make informed decision to achieve business goals. A primary advantage of data center backup and recovery solutions is increased reliability and uninterrupted flow of business operations. Data center backup and recovery solutions allows data centers to recover data or maintain continuation of essential IT infrastructure due to various reasons, including hardware impairment, viruses, power failure, or natural disasters. Additionally, increasing digital transformation across various enterprises, especially in small and medium-sized enterprises and growing adoption of cloud-based services are fueling demand for data center backup and recovery solutions.
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Increasing investments in expansion of data centers is significantly driving the growth of data center backup and recovery solutions market. Data centers are vital assets for enabling sustained growth in companies by offering uninterrupted access to their IT systems and cater to data storage demands integrating both physical and cloud storage capabilities. Factors, including growth of hyperscale companies such as Microsoft, AWS, and Google, rapid adoption of cloud computing, and growing need of data center operators for geographic breadth account for increased emphasis on construction of new data centers. By 2021, it is estimated that total spending on worldwide data center infrastructure would reach USD 200.00 billion. Also, surging demand by data center operators to increase their offerings, along with simultaneously increasing number of markets and locations they offer their services is driving data center backup and recovery solutions market revenue growth.
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Some major companies operating in the global market include: Dell Technologies Inc., Alphabet Inc., Commvault, Micro Focus International PLC, Arcserve LLC, IBM Corporation, Barracuda Networks Inc., Microsoft Corporation, Cohesity Inc., and Druva Inc.
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2021-2028 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Data Center Backup and Recovery Solutions market expected to boost the growth of the industry in the coming years.
Emergen Research has segmented the global Data Center Backup and Recovery Solutions market on the basis of solutions type, application, industry vertical, and region:
Solutions Type Outlook (Revenue, USD Billion; 2018–2028)
Data Replication
Data Reduction
Data Retention
Application Outlook (Revenue, USD Billion; 2018–2028)
Physical & Virtual Servers
Databases
Enterprise Applications
Mobile Endpoints
Public Infrastructure Platform
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
Manufacturing
Healthcare
Education
BFSI
IT & Telecom
Others
Key Highlights in the Report
By solutions type, data replication segment contributed to a significant revenue share in 2021. Data center replication solutions provides the benefit of replicating cache data between clusters. It is essential to ascertain while working with several data centers that is the event of operations of one data center being hampered, another data center is entirely capable of handling its load and data. Data center replication automatically determines that each cluster is consistently and reliably keeping its data in sync with other data centers.
By industry vertical, manufacturing segment is expected to grow at a significant rate over forecast period. The manufacturing industry is the backbone global economy and innovative technologies are being adopted at fast pace to improve operations and productivity. Many manufacturing companies are implementing technologies, such as cloud, artificial intelligence (AI), machine learning, and industrial internet of things (IIoT) eliminate inefficiencies in reduction process. Growing adoption of these platforms and equipment results in massive generation of critical data that need to be stored/backed up in a data centers from where it can be retrieved in case of any incident of data loss. This drives demand for data centers, and in turn, data center backup and recovery solutions.
Market in North America accounted for largest revenue share in 2020, attributed to implementation of advanced technologies and growth of end-use industry verticals. Additionally, presence of leading market players, such as Commvault, Alphabet Inc., and IBM International. In the region, particularly in the US are causative of market growth.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Key Questions Answered in the Report:
What is the growth rate of the Data Center Backup and Recovery Solutions market? What is the anticipated market valuation of Data Center Backup and Recovery Solutions industry by 2028?
What are the key growth driving and restraining factors of the Data Center Backup and Recovery Solutions market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Data Center Backup and Recovery Solutions industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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