Integrated Backup and Recovery Services Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032
The Global Integrated Backup And Recovery Services Market reached a valuation of USD 20.2 billion in 2023 and is anticipated to grow at a CAGR of 11% from 2024 to 2032. This growth is largely driven by the expanding adoption of cloud computing as businesses increasingly migrate their operations to the cloud to enhance scalability and flexibility and reduce costs. Cloud-based backup solutions are in high demand because they allow organizations to securely store large volumes of data with convenient access from any location. The built-in data redundancy of cloud environments, where backups are kept in multiple locations, further enhances data protection by reducing risks associated with data loss. As cyber threats such as ransomware attacks grow more frequent and sophisticated, organizations recognize the importance of robust data protection solutions.
Ransomware, which encrypts critical data and demands payment for decryption, has highlighted the need for advanced backup and recovery strategies. Businesses increasingly prioritize comprehensive backup plans to safeguard their data and ensure quick system restoration without succumbing to ransom demands. Investing in reliable backup services is now a core component of cybersecurity strategies, supporting market growth as companies aim to secure and recover data effectively. The market is segmented by services, including Backup as a Service (BaaS), Disaster Recovery as a Service (DRaaS), and data replication and continuous data protection.
In 2023, BaaS represented over 40% of the market share and is projected to surpass USD 19 billion by 2032. The increasing prevalence of data breaches and other cyber threats has led organizations to prioritize data protection. BaaS solutions offer advanced security features, such as encryption and secure access controls, helping companies protect sensitive data while simplifying regulatory compliance. By deployment, the market is categorized into on-premises, cloud, and hybrid. The cloud segment accounted for around 46% of the market share in 2023, reflecting the growing demand for accessible and flexible data backup.
Cloud deployment allows businesses to back up data from multiple locations, ensuring critical information remains accessible to employees anytime and anywhere. Cloud-based backup solutions are also highly scalable, enabling businesses to adjust storage capacity in response to evolving data requirements. In 2023, the U.S. held a 75% share of the North American market, driven by the increasing reliance on data for decision-making across industries. Stringent data protection regulations also push organizations to adopt effective data management practices, making reliable backup and recovery services essential for maintaining data integrity and compliance.
Ransomware, which encrypts critical data and demands payment for decryption, has highlighted the need for advanced backup and recovery strategies. Businesses increasingly prioritize comprehensive backup plans to safeguard their data and ensure quick system restoration without succumbing to ransom demands. Investing in reliable backup services is now a core component of cybersecurity strategies, supporting market growth as companies aim to secure and recover data effectively. The market is segmented by services, including Backup as a Service (BaaS), Disaster Recovery as a Service (DRaaS), and data replication and continuous data protection.
In 2023, BaaS represented over 40% of the market share and is projected to surpass USD 19 billion by 2032. The increasing prevalence of data breaches and other cyber threats has led organizations to prioritize data protection. BaaS solutions offer advanced security features, such as encryption and secure access controls, helping companies protect sensitive data while simplifying regulatory compliance. By deployment, the market is categorized into on-premises, cloud, and hybrid. The cloud segment accounted for around 46% of the market share in 2023, reflecting the growing demand for accessible and flexible data backup.
Cloud deployment allows businesses to back up data from multiple locations, ensuring critical information remains accessible to employees anytime and anywhere. Cloud-based backup solutions are also highly scalable, enabling businesses to adjust storage capacity in response to evolving data requirements. In 2023, the U.S. held a 75% share of the North American market, driven by the increasing reliance on data for decision-making across industries. Stringent data protection regulations also push organizations to adopt effective data management practices, making reliable backup and recovery services essential for maintaining data integrity and compliance.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Service providers
3.1.2 Technology providers
3.1.3 Cloud service providers
3.1.4 End-user
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Case study
3.5 Technology & innovation landscape
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Growth in data volume and complexity
3.8.1.2 Rising cybersecurity threats necessitating secure backups
3.8.1.3 Increasing adoption of cloud services
3.8.1.4 Stringent data protection regulations and compliance requirements
3.8.2 Industry pitfalls & challenges
3.8.2.1 High implementation and maintenance costs
3.8.2.2 Lack of skilled professionals
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY SERVICES, 2021 - 2032 ($BN)
5.1 Key trends
5.2 Backup as a Service (BaaS)
5.3 Disaster Recovery as a Service (DRaaS)
5.4 Data replication and continuous data protection
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY DEPLOYMENT MODEL, 2021 - 2032 ($BN)
6.1 Key trends
6.2 On-premises
6.3 Cloud
6.4 Hybrid
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY ORGANIZATION SIZE, 2021 - 2032 ($BN)
7.1 Key trends
7.2 Large Organization
7.3 SME
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END-USE, 2021 - 2032 ($BN)
8.1 Key trends
8.2 BFSI
8.3 IT & telecom
8.4 Healthcare
8.5 Retail & e-commerce
8.6 Manufacturing
8.7 Government & public sector
8.8 Media & entertainment
8.9 Others
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Russia
9.3.7 Netherlands
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 ANZ
9.4.6 Southeast Asia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 MEA
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 South Africa
CHAPTER 10 COMPANY PROFILES
10.1 Accenture plc
10.2 Alibaba
10.3 AWS
10.4 Avaya Inc.
10.5 Cisco
10.6 Dell
10.7 Fortinet
10.8 Fujitsu
10.9 Google
10.10 HPE
10.11 Huawei
10.12 IBM
10.13 Meridian
10.14 Microsoft
10.15 Oracle
10.16 Palo Alto
10.17 RingCentral
10.18 Salesforce
10.19 SAP
10.20 VMware
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Service providers
3.1.2 Technology providers
3.1.3 Cloud service providers
3.1.4 End-user
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Case study
3.5 Technology & innovation landscape
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Growth in data volume and complexity
3.8.1.2 Rising cybersecurity threats necessitating secure backups
3.8.1.3 Increasing adoption of cloud services
3.8.1.4 Stringent data protection regulations and compliance requirements
3.8.2 Industry pitfalls & challenges
3.8.2.1 High implementation and maintenance costs
3.8.2.2 Lack of skilled professionals
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY SERVICES, 2021 - 2032 ($BN)
5.1 Key trends
5.2 Backup as a Service (BaaS)
5.3 Disaster Recovery as a Service (DRaaS)
5.4 Data replication and continuous data protection
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY DEPLOYMENT MODEL, 2021 - 2032 ($BN)
6.1 Key trends
6.2 On-premises
6.3 Cloud
6.4 Hybrid
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY ORGANIZATION SIZE, 2021 - 2032 ($BN)
7.1 Key trends
7.2 Large Organization
7.3 SME
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END-USE, 2021 - 2032 ($BN)
8.1 Key trends
8.2 BFSI
8.3 IT & telecom
8.4 Healthcare
8.5 Retail & e-commerce
8.6 Manufacturing
8.7 Government & public sector
8.8 Media & entertainment
8.9 Others
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Russia
9.3.7 Netherlands
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 ANZ
9.4.6 Southeast Asia
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 MEA
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 South Africa
CHAPTER 10 COMPANY PROFILES
10.1 Accenture plc
10.2 Alibaba
10.3 AWS
10.4 Avaya Inc.
10.5 Cisco
10.6 Dell
10.7 Fortinet
10.8 Fujitsu
10.9 Google
10.10 HPE
10.11 Huawei
10.12 IBM
10.13 Meridian
10.14 Microsoft
10.15 Oracle
10.16 Palo Alto
10.17 RingCentral
10.18 Salesforce
10.19 SAP
10.20 VMware
