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The data center backup and recovery software market is estimated to grow at a CAGR of 11.5% between 2022 and 2027. The size of the market is forecast to increase by USD 5,507.21 million. The growth of the market depends on several factors, including the exponential increase in data volume, the increasing number of data protection and localization regulations, and the increasing focus on ensuring business continuity.
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Key Driver
The exponential increase in data volume notably drives the growth. The growing adoption of digital transformation initiatives and connected technologies in diverse industry verticals has resulted in an exponential increase in volumes. is generated from multiple touchpoints, such as enterprise applications, mobility devices, IoT devices, and radio frequency identification (RFID) devices. Apart from connected devices, a large amount of is generated in the form of web content and online media by individual users. For instance, hundreds of hours of video content are being uploaded every minute on YouTube. To manage such staggering volumes of , which will continue to grow in the coming years, enterprises have been investing in building new centers and revamping their existing centers.
Investments are aimed at ensuring improved backup and recovery architecture. For instance, Alfa Banking Group (Alfa Bank), one of the leading private banks in Russia, has built a new center based on next-generation Center 3.0 architecture. This new center is managed through a unified platform that links the local network, information storage, and recovery systems, and application delivery network. Such exponential growth in volumes will boost the demand for new centers and associated solutions and services, such as center backup and recovery software, during the forecasted period.
Key Trend
Unified data center backup and disaster recovery solutions are the primary trend driving the market growth. The unified backup solution brings together backup, ransomware protection, disaster recovery, and business continuity on a single platform. A unified center backup and recovery software enables advanced management by provisioning point-in-time recovery (PITR) capabilities that were previously used in applications only. This enables enterprises to restore their within seconds. Unified solutions also provide more convenience, flexibility, and economic value in terms of IT investments. Unified solutions also incorporate various other protection services that ensure comprehensive protection and recovery.
For instance, Dell EMC offers a unified backup and recovery solution by combining its backup-to-disk, backup-in-Cloud, long-term retention (LTR) to cloud, ProtectPoint backup, snapshot and replication management, and tape solution. Unitrends offers a unified backup solution that integrates backup, ransomware protection, and disaster recovery in a single platform. Hence, the above-mentioned factors are expected to drive growth during the forecast period.
Key Challenge
The inability to manage different data structures, types, and formats is the major challenge impeding the market growth. Organizational comes in different structures (structured and unstructured) and types (image, spreadsheet, document, graphs, text, video, and audio) based on the source from which it is generated. In addition, the adoption of modern technologies such as IoT, RFID, and sensors has increased the complexity of. generated from various devices have different formats, and they might include a mix of structured, semi-structured, and unstructured. Moreover, itself can be generated in multiple formats across file types.
For instance, there are about 40 different formats of audio files, more than 20 different formats of video files, and more than ten different formats of document types. centers need to store and retrieve a wide variety of, and some of the existing, traditional backup and recovery solutions are inadequate and incompatible with the current and future and recovery needs. Any mistake in configuring the large and diverse sets present in backup and recovery systems can result in failure and loss. Hence, such factors can hamper the growth of the global during the forecast period.
The market plays a pivotal role in the data protection solutions market and the disaster recovery solutions market, offering critical backup software for businesses, as well as Data Security Software. As an integral part of the data management software ecosystem, these solutions ensure the integrity and availability of data in the event of a catastrophe. With the rise of cloud backup solutions and enterprise backup solutions, companies have access to scalable and reliable backup and restore solutions provided by Backup Software Providers.
Incorporating technologies and storage management software, these offerings provide comprehensive business continuity solutions. Amid evolving IT infrastructure and virtualization technologies, the market witnesses ongoing advancements, reflecting in backup and recovery trends and comprehensive backup and recovery market analysis within the Data Center Software Market and IT Infrastructure Solutions.
Key Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alphabet - The company operates under multiple business segments, including Google Services, Google Cloud, etc., with a high focus on Google Services. They offer products and services such as Google Ads, Android, Chrome, Google Maps, Google Play, Search, YouTube, and hardware. The company's key offerings include datacenters backup and recovery software such as backup and disaster recovery solutions with Google Cloud.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the data center operators segment will be significant during the forecast period, as highlighted by market forecasting and market growth analysis. Datacenter operators are continuously expanding their footprint and capabilities to cater to the increasing demand for computing resources and data storage, in line with market growth and trends. For instance, in April 2020, Digital Realty, a leading global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, announced the opening of a third data center in Singapore. The segment will grow with the increasing investments in constructing new datacenters in emerging markets, contributing to market research and growth. Hence, these factors are expected to drive the critical datacenter operators segment in the global market further during the forecast period, according to the market research report.
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The data center operators segment showed a gradual increase in the market share with USD 2,709.79 million in 2017 and continues to grow during the forecast period, reflecting market growth analysis and market forecast. Operators are well-versed in the current market dynamics and market trends. The increasing enforcement of extremely stringent regulations and the need for business continuity have increased the demand for backup and recovery solutions among end-users, driving market research and growth. End-users prefer operators that offer data storage services with comprehensive data protection. Thus, data operators have been incorporating backup and recovery solutions in their service lines to fulfill the current market demands in line with market growth and trends and market forecasting dynamics. These operators use various data recovery and backup software to enhance their data recovery capabilities and address unanticipated disasters.
Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments, along with the reasons for the increment from 2017 to 2027, as outlined in the market research report. The growth of this segment is primarily attributed to the increasing adoption of software by end-users, which is driven by an increase in the global demand for the industry.
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North America is projected to contribute 30% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America is the largest market for datacenter backup and recovery software. This region has (approximately 2,701), which is expected to increase in the coming years. Factors that are fueling the growth of data centers and the demand for datacenter backup and recovery software in North America are the exponential growth in enterprise data due to the rapid adoption of the IoT across diverse industry verticals, stringent data protection regulations, and the adoption of hybrid IT strategies by enterprises. The increasing adoption of IoT in diverse industry verticals is resulting in the rapid growth of enterprise data. Canadian enterprises are redesigning their existing storage architectures and simultaneously investing in data protection solutions to adhere to regulatory standards. Thus, the demand for backup and recovery solutions will likely increase in North America during the forecast period.
The outbreak of the COVID-19 pandemic is expected to propel the growth of the market in North America. The emergence of a new business environment due to the rising work-from-home culture is increasing the adoption of cloud services and digitization. Lockdown norms announced across various industries in 2020 led to a surge in digital and online transactions, propelling the demand for automation services and solutions. In April 2022, Google announced plans to invest more than USD 9.5 billion in offices in the US. Such initiatives by the key market players will substantially drive the growth of the market in North America during the forecast period.
Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, deployment, and region.
Data Center Backup and Recovery Software Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2022 |
Historical year |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.5% |
Market growth 2023-2027 |
USD 5,507.21 million |
Market structure |
Fragmented |
YoY growth (%) |
10.55 |
Regional analysis |
North America, Europe, APAC, South America, the Middle East and Africa |
Performing market contribution |
North America at 30% |
Key countries |
US, China, Australia, UK, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Alphabet Inc., Arcserve (USA), LLC, Bacula Systems SA, Barracuda Networks Inc., Code42 Software Inc., Cohesity Inc., Commvault Systems Inc., Dell Technologies Inc., Druva, International Business Machines Corp., Kaseya Ltd., Micro Focus International Plc, Microsoft Corp., NAKIVO Inc., and Quest Software Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the 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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