Enjoy complimentary customisation on priority with our Enterprise License!
The data center backup and recovery software market size is forecast to increase by USD 7.06 billion at a CAGR of 12.95% between 2023 and 2028. The market is experiencing significant growth due to the exponential increase in data volume and the need for disaster recovery solutions. A key trend in the market is the emergence of AI-based backup and recovery solutions, which offer automated data protection and intelligent data management. These solutions can manage various data structures, types, and formats, making them an ideal choice for organizations dealing with complex data environments. Additionally, the ability to provide quick data recovery and minimize downtime is a significant factor driving market growth. Furthermore, the increasing adoption of cloud-based backup and recovery solutions is also contributing to the market's expansion.
Despite these opportunities, challenges such as data security concerns, complex data migration processes, and the high cost of implementation remain. Overall, the market is expected to continue its growth trajectory, driven by the increasing importance of data protection and the need for advanced backup and recovery solutions.
Data backup and recovery software play a crucial role in safeguarding digital property from lost, corrupted, or infected data due to various reasons such as hard drive crashes, virus attacks, and temporary business closures. The market for data backup and recovery solutions is witnessing significant growth due to the increasing reliance on digital data in various industries, particularly in the era of big data and artificial intelligence (AI) technology developments. Data recovery software enables users to access and recover crucial files even after a program crash or unintentional deletion. The market is driven by the growing need to protect digital assets from data loss and the negative effect of supply chain disruptions and manufacturing disruptions on businesses.
Rugged phone companies and startups are also investing in data backup and recovery solutions to mitigate the risk of data loss. Restructuring efforts in various industries are also leading to an increased focus on data protection and recovery.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The Data center operators segment is estimated to witness significant growth during the forecast period. Data center backup and recovery software plays a vital role in safeguarding digital property from lost, corrupted, infected, or virus-affected files due to hard drive crashes or other unforeseen events. With the increasing reliance on big data and artificial intelligence (AI) technology developments, the need for data protection solutions has become crucial. Data center operators, such as Equinix Inc., Telecity Group plc, AWS, Zayo Group Holdings, and AT and T Inc., provide essential services like hosting and data storage. These operators manage over half of the global data centers and contribute significantly to public cloud offerings. Enterprises, governments, SMEs, and startups benefit from these services, enabling them to access and restart programming efforts without interruption.
However, temporary business closures due to supply chain disruptions or manufacturing difficulties can have a negative effect on data access. Rugged phone companies and emerging startups are restructuring efforts to mitigate data loss threats. Partnerships with data center operators and expertise in disaster recovery plans are essential for businesses to save time and maintain a competitive edge during big disasters or shutdowns. Storing up data in secure locations ensures the protection of proprietary information from potential insolvency or other disasters.
Get a glance at the market share of various segments Request Free Sample
The Data center operators segment accounted for USD 2.92 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
Data center backup and recovery software plays a crucial role in safeguarding IT systems against potential threats that could lead to the loss of valuable company information. Both on-premises and cloud-based solutions offer advantages for different business needs. On-premises solutions ensure extensive utilization of infrastructure, allowing for optimal reserving and paying based on the volume of data to be backed up. However, they require significant investments in infrastructure and may not offer the same cost savings as cloud-based services. Cloud-based backup and recovery solutions, on the other hand, provide lower hosting costs and more capacity, making them an ideal alternative for enterprises and individuals dealing with large volumes of data.
They offer improved collaboration, efficient operations, and higher productivity, enabling businesses to sustain their growth in a cost-effective manner. Additionally, cloud-based services offer the benefits of worldwide availability, ease of implementation, and compliance with government requirements for data protection and privacy, making them an attractive option for businesses handling sensitive information such as patient data. Innovative technology continues to fuel growth in this market, offering operational efficiency and reducing the risk of unintentional deletion or data loss.
Our data center backup and recovery software market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The exponential increase in data volume is the key driver of the market. In today's digital age, data has become a crucial asset for businesses of all sizes. With the increasing volume of data generated from various sources, ensuring its protection and availability has become a top priority. Data center backup and recovery software plays a vital role in safeguarding digital property from losses due to hard drive crashes, lost or corrupted files, viruses, and other threats. Advancements in technology, including artificial intelligence (AI), have led to the development of more sophisticated backup and recovery solutions. These programs enable businesses to copy and protect their data automatically, allowing for quick recovery in case of data loss or corruption.
However, the growing importance of data has also made it a target for cybercriminals and other disasters. Temporary business closures due to supply chain disruptions, manufacturing difficulties, or restructuring efforts can also result in negative effects on data. Rugged phone companies and startups, in particular, may be more vulnerable due to limited resources and expertise. Having a well-planned disaster recovery plan in place is essential for businesses to minimize downtime and maintain access to their data during disasters. Big data and the benefits it offers, such as saving time and providing a competitive edge, make it even more critical to ensure its availability and security.
By investing in backup and recovery software, businesses can protect their digital assets and mitigate the risks of data loss or corruption.
The emergence of AI-based backup and recovery solutions is the upcoming trend in the market. In today's digital age, safeguarding crucial files and data from lost, corrupted, or infected sources is of paramount importance for businesses of all sizes. Backup and recovery software plays a vital role in protecting digital property from various threats, including hard drive crashes, viruses, and temporary business closures due to supply chain disruptions or restructuring efforts. With the advent of big data and technology developments, the use of artificial intelligence (AI) in backup and recovery software has become increasingly popular. AI capabilities enable the program to predict system failures, identify cyberattacks, and automate backup and recovery processes. This not only helps in creating an efficient data protection solution but also provides benefits such as saving time and offering a competitive edge.
Moreover, vendors are partnering with AI technology companies to incorporate these capabilities into their products. For instance, Commvault partnered with Lucidworks Inc. In 2018 to enhance its backup and recovery offerings. In the face of insolvency, data loss, and disasters, having a well-planned disaster recovery plan is essential to minimize the negative effects on businesses. Storing up data in a secure and reliable manner is no longer just an option but a necessity.
The ability to manage different data structures, types, and formats is a key challenge affecting the market growth. In today's digital age, safeguarding crucial organizational data has become a top priority for businesses of all sizes. Data can be lost, corrupted, or infected by viruses, leading to significant negative effects such as temporary business closures, supply chain disruptions, and insolvency. Data center backup and recovery software plays a crucial role in protecting digital property from such threats. This program enables businesses to copy and store up data, ensuring accessibility during hard drive crashes or other disasters. With the increasing adoption of big data and advanced technologies like artificial intelligence (AI), technology developments have made backup and recovery more efficient and effective.
However, the complexity of data, generated from various devices and channels, necessitates backup and recovery solutions. These solutions can save time, provide a competitive edge, and help businesses quickly recover from data loss or disasters. Rugged phone companies, startups, and restructuring efforts have also increased the demand for backup and recovery software. Partners and proprietary data require expertise and information security, making it essential for businesses to choose a reliable and effective backup and recovery solution. A well-designed disaster recovery plan can mitigate the impact of big disasters, allowing businesses to restart programming efforts and minimize the negative effects on their operations.
The market forecasting 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 market growth analysis strategies.
Customer Landscape
Companies 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 Inc.: The company offers data center backup and recovery software such as backup and disaster recovery solutions with Google Cloud.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Backup and recovery software plays a crucial role in protecting digital property from data loss due to various threats such as hard drive crashes, lost or corrupted files, infected viruses, and temporary business closures. With the increasing adoption of big data and artificial intelligence (AI) technology developments, the importance of backup and recovery solutions has become more significant. In the event of a disaster or shut down, having a well-designed disaster recovery plan in place can help businesses save time and maintain a competitive edge. Rugged phone companies and startups, with their unique data requirements, are also turning to backup and recovery solutions to safeguard their proprietary information.
However, technology advancements have led to the emergence of advanced backup and recovery programs that offer automated data backup, real-time recovery, and remote access capabilities. These features enable businesses to quickly recover from data loss and minimize the negative effect of disasters on their operations. Moreover, the increasing complexity of supply chain difficulties and manufacturing disruptions necessitates the need for backup and recovery solutions. Partners and experts in this field offer valuable expertise and insights to help businesses develop effective backup and recovery strategies. In conclusion, investing in backup and recovery software is an essential part of any business's IT infrastructure.
It not only protects crucial files and access to digital property but also provides peace of mind and a competitive advantage in today's fast-paced business environment.
Market Scope |
|
Report Coverage |
Details |
Page number |
187 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.95% |
Market growth 2024-2028 |
USD 7.06 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.22 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, China, UK, Germany, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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., Open Text Corporation, Microsoft Corp., NAKIVO Inc., Quest Software Inc., Rubrik Inc., SolarWinds Corp., Veeam Software Group GmbH, Veritas Technologies LLC, and Zivaro Inc. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.