Backup-as-a-service Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR45438
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The backup-as-a-service market size will grow up to USD 14.29 billion at a CAGR of 32.26% during 2021-2025.

The backup-as-a-service market report extensively covers market segmentations by application (online backup and cloud backup) and geography (North America, APAC, Europe, South America, and MEA) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Backup-as-a-service Market Size be in 2021?

Backup-as-a-service-Market-Market-Size-2020-2025

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Backup-as-a-service Market: Key Drivers and Trends

The increasing demand to shift from CAPEX to OPEX model is notably driving the backup-as-a-service market growth, although factors such as possibilities of failure during implementation may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the backup-as-a-service market get your FREE report sample now.

This post-pandemic backup-as-a-service market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Backup-as-a-service Market Vendors?

The backup-as-a-service market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • Acronis International GmbH
  • Alphabet Inc.
  • Amazon.com Inc.
  • Cisco Systems Inc.
  • Dell Technologies Inc.
  • Fujitsu Ltd.
  • Microsoft Corp.
  • NetApp Inc.
  • Quantum Corp.
  • International Business Machines Corp.

 

The backup-as-a-service market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The backup-as-a-service market is fragmented and is expected to provide favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

Download a free sample of the backup-as-a-service market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Backup-as-a-service Market?

Backup-as-a-service-Market-Market-Share-by-Region-2020-2025

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37% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for backup-as-a-service market in North America.

North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Growing need to simplify solutions for backup has been identified as one of the chief factors that will drive the backup-as-a-service market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Backup-as-a-service Market?

Backup-as-a-service-Market-Market-Share-by-Application-2020-2025

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The backup-as-a-service market share growth by the online backup segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the backup-as-a-service market size.

 

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What are the Key Factors Covered in this Backup-as-a-service Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive backup-as-a-service market growth during the next five years
  • Precise estimation of the backup-as-a-service market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the backup-as-a-service market across North America, APAC, Europe, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of backup-as-a-service market vendors

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Backup-as-a-service Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 32%

Market growth 2021-2025

$ 14.29 billion

Market structure

Fragmented

YoY growth (%)

29.52

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, China, UK, Germany, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Acronis International GmbH, Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., Microsoft Corp., NetApp Inc., Quantum Corp., and International Business Machines Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The backup-as-a-service market growth will increase by $10410.14 million during 2019-2024.
The backup-as-a-service market is expected to grow at a CAGR of 30.98% during 2019-2024.
Technavio has segmented the backup-as-a-service market by application (Online backup and Cloud backup) and geographic (North America, APAC, Europe, MEA, and South America).
Acronis International GmbH, Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Dell Technologies Inc., Fujitsu Ltd., International Business Machines Corp., Microsoft Corp., NetApp Inc., Quantum Corp. are a few of the key vendors in the backup-as-a-service market.
North America will register the highest growth rate of 36.59% among the other regions. Therefore, the backup-as-a-service market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the backup-as-a-service market growth are:
  • Increasing demand to shift from CAPEX to OPEX model
The backup-as-a-service market vendors should focus on grabbing business opportunities from the online backup segment as it accounted for the largest market share in the base year.
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