Data Backup & Recovery Market to Reach USD 12.9 Bn by 2023, Informs KBV Research in Its Report Published at MarketPublishers.com
26 Jan 2018 • by Natalie Aster
LONDON – Worldwide, the data backup and recovery market is projected to gain traction at a 10.9% CAGR in the offing to amount to USD 12.9 billion by 2023.
Data backup and recovery solutions are provided in various custom software forms and as a service, which is broadly known as BaaS. The requirement of trustworthy data backup and recovery software solutions is anticipated to impact the digitalisation and data safety across industry verticals. Surging uptake of cloud-based data backup and immense data growth are stimulating the growth of the reliable data backup and recovery software and services amid enterprises. A high degree of competition from open-source cloud platforms is likely to be the key factor limiting the sector’s growth through to 2023.
Commvault, IBM Corporation, Acronis, Oracle Corporation, Microsoft Corporation, Hewlett Packard Enterprise (HPE) Company, Dell Technologies, Netapp, CA Technologies, and Unitrends, amid others, are the leading players in the marketplace.
In-demand research report “Global Data Backup and Recovery Market Analysis (2017-2023)” drawn up by KBV Research offers a comprehensive assessment of the the performance of the market from a global perspective.
The study defines the market, analyses the market’s structure, provides market segmentation based on component, application, deployment type, organisation size, vertical, and geography-wise. The research report sheds light on the major factors boosting and inhibiting the market’s growth. It offers a granular analysis of the competitive landscape shedding light on the recent industry strategic developments, product launches and partnerships, collaborations and agreements of the leading stakeholders in the space. Detailed profiles of the top 10 companies are at hand in the report. Furthermore, the research provides a forecast of the market development through to 2023.
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